Search Results for: India

Kenya is being opened as a potential outsourcing centre for European Union (EU) knitwear brands by a new EU-Kenya Economic Partnership agreement, now being considered for ratification by the EU Council of Ministers and the European Parliament (1). Once implemented, the deal will remove 12% and 9.6% EU duties charged on many knitted apparel exports from Kenya, potentially boosting a knitted apparel and accessory trade, growing in recent years.…

The textile and clothing industries of the European Union (EU) and India are closely monitoring negotiations to forge a free trade agreement (FTA), making steady progress since being relaunched last year (2022). Detailed talks were staged in New Delhi between June 17 and 23 (2023), with the EU seeking to reduce tariff barriers for India’s often protected market of 1.4 billion people.…

Companies in the nonwoven adhesives market are innovating to overcome geopolitical and environmental pressures forecast by market analysts to pose challenges for the next five years. Russia’s invasion of Ukraine’s impact on the global economy and energy prices; continued supply chain fallout from the Covid-19 pandemic; and growing sustainability concerns and associated regulatory changes are tough obstacles, claim market researchers OG Analysis, from Connecticut, USA.…

Chinese textile and clothing manufacturers are increasingly relying on Egyptian cotton, over the past two seasons becoming Egypt’s second largest buyer of cotton, driven by the US ban on Xinjiang cotton, competitive pricing, and strong demand for luxury fibres.

“China has always been a player in Egyptian cotton, but they were never on top of the list.…

AML vendors are keen to promote the benefits of artificial intelligence (AI) in fighting ML and TF, helping obliged entities detect and block dirty money flows. But every technology can also be wielded by bad actors, and AI is no different.…

Kenya’s government has proposed imposing a 25% tariff increase on imported clothing and textiles, a move designed to wean Kenyans off luxury imported clothes, supporting a domestic clothing and textile industry that has been harmed deeply by foreign-made garment sales.

Confirming the intention to introduce the new tax measures, investments, trade and industry cabinet secretary (minister) Moses Kuria said the new taxes would help Kenya’s textile and clothing industry: “The country has a rich textile sector that should be expanded,” said Kuria on August 14, while addressing Kenyan textile investors.…

In the wake of the European Union’s (EU) impending sustainability-focused textile regulations and guidelines (1), Peru stands uniquely poised to amplify its exports of alpaca, camelid fibers, and cotton. This South American nation’s key to unlocking European markets lies in aligning its sustainability initiatives with the EU’s visions.…

While UK authorised push payment (APP) fraud losses were down 17% in 2022 year-on-year, they still cost victims GBP485.2 million (USD619 million) and comprised 57% of all reported cases relating to purchase fraud, with case volumes breaking 100,000 for the first time.…

Regulators worldwide are cracking down on poor labour and environmental practices in apparel supply chains amid growing concerns about upstream parts of the clothing industry. Probes into major international fashion brands, who have been criticised about alleged malpractice by their suppliers have been encouraging legislative and regulatory reforms.…

This year, tens of thousands of workers have been laid off by footwear production factories in and around Ho Chi Minh City, the centre of Vietnam’s USD24 billion footwear export industry.

Fo example, Pou Yuen Vietnam, a Taiwanese supplier for global giants including Adidas and Reebok, let go 5,744 employees through June and July, following a round of layoffs impacting 2,358 workers in February. …