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December 19, 2014

Global news roundup

The following is a round-up of apparel and footwear news from the world's local media. just-style has not checked these stories so cannot guarantee their accuracy.

By Michelle Russell

The following is a round-up of apparel and footwear news from the world’s local media. just-style has not checked these stories so cannot guarantee their accuracy.

  • Authorities in Kyrgyzstan and Russian have signed an accord to establish a common development fund with capital of US$500m, which will benefit both countries in fields such as textiles. GLOBAL POST 
  • Dutch textile firm LT Textile Cooperatief is to invest US$55m in creating modern textile capabilities in the Kashkadarya region of Uzbekistan. The company will export at least 80% of goods and create 700 jobs once at full capacity. UZDAILY
  • Italian garment manufacturing firm Calzedonia is set to open a textile factory in Ethiopia’s Tigray state of Mekele city. The factory will produce nightwear and is expected to employ up to 3,000 staff. EMBASSY OF ETHIOPIA
  • A number of families of the Baldia factory fire victims in Pakistan are urging German textile discounter KIK to pay compensation as per rules of the International Labour Organisation. A rally was organised by the National Trade Union Federation (NTUF). DAWN.COM
  • Korea says it is prepared to join the Trans-Pacific Partnership (TPP), as it would level the playing field with competitors and boost its GDP. Failure to join would “severely” hit Korean trade and further hurt the entire economy, it believes. KOREA JOONGANG DAILY

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