Blog: Follow the leader?
Leonie Barrie | 25 January 2005
The EU’s decision to fast-track its new GSP tariff system so that tsunami-hit countries such as Sri Lanka get improved access to EU markets shows how trade rather than aid can – and should – offer a lifeline to struggling economies. But is the US likely to follow the EU’s example? The EU buys around $1,035 billion worth of textile products from Sri Lanka whereas US imports are valued at $1,398 billion and carry tariffs averaging 30 per cent.
Despite calls from US apparel makers, non-governmental organisations and even an admission from the office of the US Trade Representative that several “trade initiatives” are under discussion, nothing has so far been forthcoming. The US textile lobbyists are up in arms, claiming their struggling industry will be damaged even further. But better tax treatment for countries like Sri Lanka will also hurt China – US textile makers’ great enemy – and provides a great opportunity for the real textile industry to show it's not a bunch of protectionists.
Some of just-style’s more eagle-eyed readers might have noticed a small change to the menu bar on the homepage: the addition of the word re:source. Yes it might be a small change – but it marks the co...
Over the past week just-style has continued to try to unravel the potential ramifications of Donald Trump’s election as the next president of the United States....
One event dominated the international airwaves last week, and on just-style too we took a closer look at the surprise election of Donald Trump as the 45th president of the United States....
As the Brexit roller-coaster continues to twist and turn, and the US presidential election campaign nears its unpredictable and possibly protectionist end, there's no doubt these events – and the perc...
- Why do modern robotics elude sportswear makers?
- Traditional financing is a misfit for fast fashion
- Trump trade policy – Who knows what he'll do?
- Planning is key to an effective inventory strategy
- Bagir CEO says suit-maker is back on track
- US Q3 in brief - G-III Apparel, Express
- Bagir exports first trousers for H&M from Ethiopia
- Film documents Cambodia garment workers' stories
- Esquel efficiency drive continues to boost brands
- Pakistan suspends India cotton imports
- Outdoor performance apparel 2016: A broader perspective
- Global market review of lingerie – forecasts to 2022
- Global apparel markets: product developments and innovations, October 2016
- Footwear Top 5 Emerging Markets Industry Guide_2016
- REPORT BUNDLE: Africa-Med, Southeast Asia and Central America strategic sourcing pack