Textile Briefs International


1.   Gap has announced it will derive 100% of its cotton from more sustainable sources by 2025. Cotton’s strong fibers are used in a significant portion of products across Gap Inc. brands, and its cultivation spurs economic opportunity by supporting livelihoods in many communities.

2.   According to the Asian Development Bank estimates, Bangladesh is likely to earn an additional US$ 200 million from apparel exports over the next two years. To achieve this, the country needs to develop apparel diplomacy and increase its negotiation capacity to improve trade facilities.

3.   In BCI’s latest global ranking of top companies who source sustainably grown BCI cotton by volume, Gap Inc. ranked on the fourth position. The company also plans to conserve a total of 10 billion liters of water by the end of 2020.

4.   As per European Textile and Apparel Confederation (Euratex) in its annual report, the European textile sector generated a business volume of €181 billion in 2018. Europe is also one of the world’s biggest consumer markets along with the United Kingdom, Germany, France and Italy.

5.   The brand value of Amazon, Ikea and Aldi will continue to grow in 2019 due to the lower prices and a great shopping experience that they offer to their customers. Other retail brands such as Adidas, Hermès and Lowe's – justify their price premium with strong equity and continue to grow their brand value.

6.   The total brand value of the BrandZ Top 100 grew by a record 21%, adding almost US$ 750 billion to the ranking, now valued at US$ 4.4 trillion. China accounts for the three fastest rising brands as the country’s brands grow at double the pace of US brands.

7.   As the statistics from the European Statistical Office reveal, Bangladesh exported 11.46%  more denim products in 2018 than in 2017. The total value of these exports was US$ 1.65 billion with the country holding the highest market share of 29.12% in Europe.

8.   Egypt has comparatively rich advantages in cotton raw materials, which provide a good basis for further development of the textile and garment industry. The Egyptian textile industry contributes almost 3% of GDP, employs one-third of the industrial labor and generates exports that are 15% of Egypt’s non-oil exports.

9.   To encourage free trade within the region, the European Union is negotiating bilateral agreements with various bilateral treaties boost trade growth in Europe countries. Two of the biggest agreements signed recently are the agreement with Canada (CETA) and the treaty with Japan (JEFTA).

10.   As per the data from the Commerce Department’s Office of Textiles & Apparels, Mexico emerged as the top supplier of men’s and boys’ blue jeans to the US in the second quarter of 2019. The country held a 36.81% share of US imports of the category for the year.

 

 
Copyright 2019 Ptj.com.pk   Design: PTJ Graphics