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November 5, 2021

Top stories this week on Just Style…

This week's top stories were dominated by the news that the US is terminating Ethiopia's access to the African Growth and Opportunity Act (AGOA) trade preference scheme. We explore the reasons behind the move and the reaction from the Ethiopia ministry of trade and regional integration (MoTRI).

By Beth Wright

Here are the top stories on Just Style this week:

Ethiopia, Guinea and Mali to lose access to US AGOA trade benefit
The US is terminating Ethiopia, Mali and Guinea’s access to the African Growth and Opportunity Act (AGOA) trade preference scheme, in a blow to the region’s apparel sector.

Ethiopia disappointed by Biden AGOA withdrawal decision
The Ethiopian government has attacked the US decision to suspend its country from the African Growth and Opportunity Act (AGOA) from January.

Exclusive: Productivity is key to apparel success in Bangladesh post-LDC
At an ‘Invest in Bangladesh’ seminar with the chairman of the Bangladesh Securities and Exchange Commission this week, Just Style was told exclusively that higher productivity will help the apparel industry make the same margins when Least Developed Country (LDC) concessions are no longer available.

US announces plans to tackle global supply chain issues
The US administration has revealed how it plans to address its global supply chain issues, including new funding to tackle bottlenecks in Mexico and Central America and new initiatives to aid the customs process between Southeast Asia and the US.

JD Sports hits back as UK watchdog orders Footasylum sale
The UK Competition and Markets Authority (CMA) has instructed JD Sports to sell Footasylum after its in-depth investigation identified what it calls competition concerns.

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