Skip to main content

Posts

Showing posts with the label Vietnam may rise as major buyer of Indian cotton after Bangladesh

Vietnam may rise as major buyer of Indian cotton after Bangladesh

Soon after a series of Free Trade Agreements which constitute the Trans-Pacific, the country of Vietnam may emerge as a major export area for Indian cotton as there is a large inflow of foreign investments in the country's textile industry, which also has led to increased commodity demand. Soon after a series of Free Trade Agreements which constitute the Trans-Pacific, the country of Vietnam may emerge as a major export area for Indian cotton as there is a large inflow of foreign investments in the country's textile industry, which also has led to increased commodity demand. In 2016-17, Vietnam has imported 5 million bales of cotton as compared to 4.5 million bales a year before, according to US Department of Agriculture's report. Mainly exporting to Bangladesh, Pakistan and China, India is the world's top producer of cotton. Surpassing China, Vietnam in 2015-16 becomes the second-largest importing country after Bangladesh, as China has a huge pile