Australia and the International Labour Organisation (ILO) have
strengthened their partnership to improve working conditions,
advance women's economic potential and boost the competitiveness
of Bangladesh's readymade garment (RMG) sector.
The Bangladesh Garment Manufacturers and Exporters Association (BGMEA)
has planned to establish a Readymade Garments (RMG)
Sustainability Council (RSC) to ensure a complete and
independent national compliance monitoring system in Bangladesh.
According to Bangladesh Jute Mills Corporation (BTMC) in the
fiscal year 2019-20, almost 22 state-owned jute mills have
reported BDT 3.95 billion losses. The lack of efficient
manpower, old machinery, poor branding are the prime causes for
Bangladesh to fall behind in exports.
The US-China trade war could cause prices to rise and could lead
to 'widespread' store closures, according to a report by
investment bank UBS, which said tariffs on Chinese imports could
put $40 billion of sales and 12,000 stores at risk.
The Swedish fashion giant H&M says it’s committed to ensuring
that workers who produce some of its items from Ethiopian
factories receive fair wages. A report revealed that Ethiopian
laborers at garment workshops are one of the worst-paid workers
in the world.
US President Donald Trump has claimed that India imposes
‘tremendously high’ import duties on US items. The United States
recently decided to withdraw incentives being provided to Indian
exporters under the generalized system of preference (GSP)
Indian Texpreneurs Federation (ITF) has appealed to all brands
and retail chains operating in India to source their
requirements from within the country instead of imports.
The Indonesia’s viscose rayon fiber capacity increased from 8.7%
of total world production in 2004 to 11% of total world
production in 2018. Since cotton is difficult to produce, the
country has turned to viscose rayon fibers. Indonesia is set to
become one of the top five textile and textile product producers
in the world by 2030.
The Iranian textile exports rose over 6% in value and 26% in
quantity during the last Iranian year (ended March 20). Last
year, 312,000 tonnes of textiles and clothing products worth US$
1.93 billion were exported, which shows a rise of nearly 6% in
value and 26% in quantity as compared to the preceding year's
polyester exporters from China and India receive illegal
subsidies. The U.S. Department of Commerce has found this
information recently and U.S. Customs and Border Protection have
decided to collect duties to recover those subsidies.