Blog: Free and fair trade?
Leonie Barrie | 21 June 2004
Thursday’s summit meeting in Brussels was always going to be a volatile event, but some of the sound-bites I’ve heard seem to suggest that the various trade groups calling for a delay to the lifting of quotas are really playing up to the full glare of the media. Describing the expiration of quotas – for which they’ve had 10 years to prepare – as “a crisis of biblical proportions” for example. Or that without a crackdown' on imports from China governments will face “economic, political and social unrest around the world.”
If a decade has not been enough time to prepare for 1 January 2005, what difference is another couple of years going to make? And how would safeguards really help stem job losses – quotas have had little impact up to now? What they’re supposedly asking for, though, is free and fair trade. Yet no-one seems to have noticed the irony in the fact that their real chance to achieve exactly this in just six months’ time is being overshadowed by a campaign to maintain existing trade barriers or erect new ones.
Increasing competition for garment sourcing contracts is seeing China not only being challenged by other countries in Asia, but by sub-Saharan African and even Russian suppliers too. And it is pushing...
The monthly minimum wage for workers in Cambodia's textile, garment and footwear sector is set to rise to $153 from January next year, following a vote on the issue last week. The increase marks a ris...
The results of two highly-anticipated initiatives in the sportswear sphere were revealed last week: the launch of Under Armour’s new UAS lifestyle brand and the first pair of running shoes created at ...
The recent bankruptcy of South Korea's Hanjin Shipping, the world's seventh-largest container shipper, at the end of August, has left billions of dollars worth of merchandise in limbo, leaving the fal...
- Will new Vietnam wage hinder competitiveness?
- Digitisation to drive new apparel-making models
- Under Armour Lighthouse will disrupt production
- Fashion fit for the future – strategies for speed
- How TAL Apparel is staying ahead of the game
- MAS Holdings shares commitment to sustainability
- Gap to shutter all UK Banana Republic stores
- M&S "unappealing" clothing a barrier to growth
- Modern Slavery Act boosts supply chain engagement
- Marks & Spencer top for modern slavery reporting
- Africa-Med strategic sourcing review – comparing East Africa, North Africa and Turkey
- REPORT BUNDLE: Africa-Med, Southeast Asia and Central America strategic sourcing pack
- Southeast Asia strategic sourcing review – a focus on Cambodia, Vietnam and Myanmar
- Apparel (GLOBAL) - Industry Report
- Global Sports and Fitness Wear Market 2016-2020