Top stories on just-style this week include a look at the potential impact that losing preferential trade access to the European Union (EU) would have on the clothing industries in Cambodia and Myanmar, how Vietnam’s textile and garment exports have increased by more than 17% in the first nine months of the year, and why the relentless pressure from buyers to reduce costs is raising the risk of disruption, and environmental and human catastrophe in their supply chains.
Losing EU trade benefit would hurt Cambodia clothing exports The potential loss of preferential trade access to the European Union (EU) is credit negative for Cambodia, would weaken its economic growth and undermine the price competitiveness of Cambodia’s garments exports, a global ratings agency has warned.
Buyer pressure on cost weighs on garment suppliers More details have emerged on the disconnect between the purchasing practices of apparel brands and retailers and the ramifications for suppliers – with relentless pressure to reduce costs blamed for raising the risk of disruption, and environmental and human catastrophe.
Vietnam textile, garment exports climb over 17% Vietnam’s textile and garment sector saw its exports increase over 17% in the first nine months of the year, according to new figures.
New project to green Vietnam textile and apparel sector A new project is underway to improve water management and energy sustainability at textile and apparel factories on Vietnam’s Mekong and Dong Nai deltas.
Removing Myanmar trade benefit would leave ‘thousands’ jobless The European Union’s proposed revoking of Myanmar’s Everything But Arms (EBA) trade preference tariffs would leave “thousands of young men and women” jobless, according to SMART Myanmar.