Global news roundup
The following is a round-up of apparel and footwear news from the world's local media.
- More than 70 garment and footwear factories in Cambodia have closed in the first eight months of 2016, according to the operations manager of the Garment Manufacturers Association in Cambodia (GMAC). During the same time, just 20 new factories were opened. However, recent figures from the Commerce Ministry suggest total garment and footwear exports in the first quarter of this year increased by 39% to $2bn. The garment and footwear industry, which is the kingdom's biggest foreign currency earner, consists of some 1,000 factories employing 754,000 workers, according to the Ministry of Labor. GLOBAL TIMES
- Elite Services System (ESS), a customs clearing services organisation, is investing more than $1m in launching Pakistan's first Common Bonded Warehouse (CBW) in collaboration with the world's second largest apparel thread manufacturer, American & Efird Lanka (A&E Lanka). The CBW will enable small and medium sized enterprises (SMEs) to access quality raw materials for exports. ESS has already built a state-of-the-art warehouse and is awaiting approval from Pakistan Customs. THE NATION
- Five foreign diplomats from the EU, US, UK, Canada and the Netherlands have called upon the Bangladesh Government to accelerate the pace of trade union registration in the readymade garment sector and lower instances of rejection of applications for trade union formations. Dissatisfaction has been expressed over the alleged slow pace of formation of participation and safety committees in the RMG factories. THE DAILY STAR
- China is set to assist Bangladesh in improving its trade and investment environment and address the concerns of Chinese corporations operating in the country. China has raised seven specific issues, including negotiations on China-Bangladesh Free Trade Agreement, and strengthening co-operation on major projects. China will also discuss ways to strengthen its assistance to Bangladesh, its future expansion, promotion of China-aided projects and co-operation on human resources. GULF TIMES
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