Home / Knowledge / News / Apparel/Garments / Clothing producers puzzled over govt circular
Clothing producers puzzled over govt circular
07
Jun '10
According to reports emanating from South Korea, the government has purportedly advised its businessmen who are engaged in trade with their counterparts in the Kaesong Industrial Complex located in North Korea to not remit payments for good processed in the industrial complex.

The Ministry of Unification has issued this circular to all companies engaged in cross-border trade with firms in the North-Korea based industrial complex. According to informed sources the Ministry has made them sign an undertaking to suspend payments for goods that they have already received.

This notification has rattled the companies, who are processing goods in the North-Korea based complex, particularly the clothing firms. Around 40-50 representatives from firms producing clothing in Kaesong are planning to hold a meeting on Tuesday afternoon at the office of the Korea Federation of Textile Industries.

In the course of the meeting, they will discuss the recent situation and are expected to release a statement, pressing the government to call off the notification which has also banned trading of products produced on commission in South Korea and fully permit the import of finished goods, manufactured from raw materials already sent.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 20th Jan 2017

TEA expects budget to upscale textile skill industry

The Tiruppur Exporters’ Association (TEA) has requested the Central...

Textiles | On 20th Jan 2017

Bangladesh could earn $60 billion in exports by 2021

Bangladesh is expected to earn over $60 billion in exports by the...

Courtesy: PIB

Textiles | On 20th Jan 2017

Govt to help Tangaliya weavers purchase looms: Irani

Government of India will facilitate Tangaliya weavers in purchase of...

Interviews View All

Ajay Ghariwala
Luthra Group

We are ready to adopt or follow every opportunity

Karel Williams
Dow Microbial Control

'Silvadur is most rapidly adopted in areas where hygiene-conscious and...

Sunil Kumar Sharma
Loknayak JPNSSSG Ltd

'The blend of cotton–linen yarn has high demand in the domestic and...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
January 2017

January 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search