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.
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.
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
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.
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
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.
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.
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.
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).
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.