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  1. Political actions cloud sourcing plans

Political actions cloud sourcing plans

The US and EU seem to be trying to influence politicians in exporting countries by threatening to close down their garment industries. Recent examples include the EU?s plans to cut off GSP+ benefits from Sri Lanka and the US decision to revoke Madagascar?s AGOA status. And this could be just the beginning, believes David Birnbaum.

MADAGASCAR: Loses AGOA benefits

Madagascar has been removed from the list of African Growth and Opportunity Act (AGOA) beneficiary countries after failing to make…

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