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Trade

Michelle Russell

Flexport launches impact dashboard for global trade

21 October 2020 | Michelle Russell

Freight forwarding company Flexport has launched an ‘Impact Dashboard’ to support customers in their efforts to track and participate in environmental, social, and governance (ESG) opportunities.... read more


US apparel retailer bankruptcies among top in 2020

19 October 2020 | Michelle Russell

Apparel and footwear companies are amongst the three retail industries to have suffered the most this year through bankruptcies as a result of the pandemic, new figures show, with the outlook remaining bleak.... read more


Unlocking the garment export potential of India and Bangladesh

8 October 2020 | Michelle Russell

It's easy to blame the coronavirus or recession for some of the problems facing the garment export industry. But what if the issues are more deep-rooted? The real challenge is to separate out the noise and draw up practical strategies based on accurate information, garment industry specialist David Birnbaum explained on a recent webinar. Using Bangladesh and India as examples, he suggested solutions to help realise their potential.... read more


World merchandise trade exceeding expectations in 2020

8 October 2020 | Michelle Russell

World merchandise trade is expected to decline by 9.2% this year, less than previously forecast and exceeding expectations to date, thanks to a surge in trade in June and July as lockdowns were eased.... read more


China tops US apparel import declines in August

7 October 2020 | Michelle Russell

The resumption of business for retailers following the Covid-19 pandemic lockdown helped boost US apparel imports in August on the month prior, but failed to lift numbers on a year-on-year basis. Compared to last year, China booked one of the largest falls in shipment volumes once again, with only three of the top ten reporting growth.... read more


US textile body opposes GSP expansion to apparel and footwear

7 October 2020 | Michelle Russell

The National Council of Textile Organizations (NCTO) has voiced strong support for a House resolution opposing the inclusion of apparel, textile and footwear products in the Generalized System of Preferences (GSP) programme.... read more


Euratex urges swift EU action to build resilient clothing sector

5 October 2020 | Michelle Russell

The European Apparel and Textile Confederation (Euratex) has renewed its call to the European Commission to help build a more modern and competitive industry amid new figures that show both textile and clothing turnover fell in the second quarter.... read more


US apparel industry urges Trump to sign off CBTPA amid expiry

1 October 2020 | Michelle Russell

The American Apparel & Footwear Association (AFFA) has urged President Donald Trump to sign the Caribbean Basin Trade Partnership Act (CBTPA), which expired yesterday (30 September), into law as a matter of urgency.... read more


GMAC files court case seeking EU decision annulment

28 September 2020 | Michelle Russell

The Garment Manufacturers Association in Cambodia (GMAC) has filed a complaint with the European Court of Justice, seeking to annul the bloc’s decision to withdraw the country's preferential access to the EU market under the Everything But Arms (EBA) trade scheme.... read more


World merchandise trade slumps in second-quarter

24 September 2020 | Michelle Russell

World merchandise trade volumes slumped by 14.3% in the second quarter of the year, as Covid-19 containment measures affected economies around the world, according to new figures from the World Trade Organization (WTO).... read more


Congress approves ten-year renewal of CBTPA trade pact

23 September 2020 | Michelle Russell

The American Apparel and Footwear Association (AAFA) has welcomed the passage of legislation this week that will extend the Caribbean Basin Trade Partnership Act (CBTPA).... read more


Messe Frankfurt France shows under new banner

11 September 2020 | Michelle Russell

The fashion and textile events offered by the French subsidiary of Messe Frankfurt will now come together under the new banner of Texworld Evolution Paris.... read more


Textile sector joins industry call for swift CBTPA renewal

10 September 2020 | Michelle Russell

Industry associations for the US textile and cotton sectors are calling on Congress to ensure a timely extension of the Caribbean Basin Trade Partnership Act (CBTPA), which expires at the end of the month.... read more


Vietnam footwear exports drop in August

9 September 2020 | Michelle Russell

Vietnam's footwear exports dropped in the first eight months of the year, according to new figures.... read more


Worker rights risks rise to the fore

7 September 2020 | Michelle Russell

As fashion brands and retailers begin to reset and reshape their supply chains as they emerge from the global coronavirus pandemic, a new multi-year investigation has identified child labour and audit deception among the risks at stake when sourcing from garment factories in Myanmar.... read more


China textile and apparel sourcing down but not out

4 September 2020 | Michelle Russell

While China continues takes the crown for global sourcing, its dominance is noticeably less dramatic compared to previous years, particularly in the textile and apparel industry, a new report has found.... read more


Industry associations call for swift renewal of Caribbean Basin Act

1 September 2020 | Michelle Russell

A cohort of industry associations across the apparel, footwear and accessories industries have joined forces to call on the US government to renew the Caribbean Basin Trade Partnership Act (CBTPA) as soon as possible.... read more


European textile sector welcomes PanEuroMed trade proposals

27 August 2020 | Michelle Russell

The European Apparel and Textile Confederation (Euratex) has welcomed the EU's decision to modernise the Pan-Euro-Mediterranean (PEM) Convention but calls for an ambitious information campaign to ensure companies fully benefit.... read more


The top 10 challenges facing US companies in China

26 August 2020 | Michelle Russell

Trade tensions and tariffs are among the top concerns facing US companies operating in China this year, with the Covid-19 pandemic unsurprisingly also making a prominent appearance, all breeding uncertainty into the business environment.... read more


China H1 apparel and textile exports boosted by PPE

25 August 2020 | Michelle Russell

China’s textile and apparel exports were up 3.2% in the first half of the year, thanks to a sharp increase in demand for anti-epidemic textiles such as masks, new data shows.... read more


Punitive duties collected on US textile imports halve in Q3

20 August 2020 | Michelle Russell

The latest Textile Enforcement Statistics released by US Customs and Border Protection (CBP) show duties collected on textile and apparel products imported into the US in the third quarter of fiscal year 2020 more than halved on the quarter before as the global coronavirus pandemic brought trade to its knees.... read more


Sourcing shift hits China's export market share

19 August 2020 | Michelle Russell

US-China trade relations have accelerated a shift in global sourcing, with the East Asian country having lost global export market share as a result, exacerbated by digitalisation and the Covid-19 pandemic. ... read more


Historic fall expected in world merchandise trade

19 August 2020 | Michelle Russell

World merchandise trade is likely to register a historic fall in the second quarter of 2020, according to the World Trade Organization (WTO) Goods Trade Barometer, with the strength of any recovery remaining highly uncertain.... read more


EU withdrawal of Cambodia's duty benefits takes effect

13 August 2020 | Michelle Russell

Despite months of objections by Cambodia's garment and footwear sectors, the European Union's (EU) decision to partially withdraw the country's preferential access to the EU market under the Everything But Arms (EBA) trade scheme is now in effect.... read more


World clothing and textile exports slide in Q1

11 August 2020 | Michelle Russell

World merchandise trade was down 3% in value terms last year, with clothing and textile exports falling in the first quarter, new figures show.... read more


New fashion retail landscape emerging

10 August 2020 | Michelle Russell

The new fashion retail landscape emerging in the wake of the Covid-19 pandemic is already leading to dramatic and permanent changes in the way brands and fashion retailers plan and work. There are some practical steps that surviving businesses should consider as online becomes the dominant way of doing business.... read more


US apparel sector boosts manufacturing economy in July

6 August 2020 | Michelle Russell

Economic activity in the US manufacturing sector grew in July, with the apparel sector reporting growth in employment and imports, new figures show.... read more


Pandemic and trade war top concerns for US fashion firms

4 August 2020 | Michelle Russell

The economic and personal impact of the Covid-19 global pandemic, and the protectionist trade policy agenda in the US are the biggest concerns facing today’s US fashion industry executives. Unsurprisingly, they are contributing to a more conservative outlook for the future.... read more


Fung-owned Cobalt Knitwear pushes hard on 3D virtual design

31 July 2020 | Michelle Russell

The Covid-19 pandemic has changed the way Fung Group-owned Cobalt Knitwear is looking to the future, with customers now pushing harder on 3D virtual design and investment in antimicrobials seen as key to adding value to its yarns.... read more


EU-Vietnam trade pact to take effect from 1 August

28 July 2020 | Michelle Russell

The EU-Vietnam Free Trade Agreement (EVFTA) will take effect on 1 August following ratification of the trade pact by both parties and over a decade of negotiations.... read more


UK clothing and textile exports enjoy growth in Q2

23 July 2020 | Michelle Russell

UK clothing and textile exports recorded growth in the second quarter, new figures show, despite a decline in overall UK manufacturing due to the impact of the coronavirus.... read more


Leicester garment industry dominates headlines

13 July 2020 | Michelle Russell

UK fast fashion retailer Boohoo Group has dominated the headlines in the last week after media reports surfaced of exploitation and unsafe conditions at one of its Leicester-based supplier factories, which is reportedly paying staff just GBP3.50 (US$4.38) an hour.... read more


EU donates $2.3m to enhance developing countries' trade capacity

13 July 2020 | Michelle Russell

The European Union (EU) has contributed EUR2m (US$2.3m) over the period 2019-2020 to help developing countries and least-developed countries participate effectively in global trade negotiations.... read more


US and Kenya formally launch trade negotiations

9 July 2020 | Michelle Russell

The US and Kenya have formally launched trade agreement negotiations as the two countries look to deepen economic ties and complement Africa's regional economic integration efforts.... read more


Vietnam H1 footwear exports down nearly 7%

7 July 2020 | Michelle Russell

Vietnam saw a decline of nearly 7% in footwear exports in the first half of the year, new figures show.... read more


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