Search Results for: World Trade Organisation

Vietnam’s businesses in export-focused garments and footwear manufacturing are facing up to the challenge of becoming greener. This realisation comes even as the country benefits from free trade agreements (FTA), such as the 2019 European Union (EU)-Vietnam Free Trade Agreement (EVFTA) and the 2020 UK–Vietnam Free Trade Agreement (UKVFTA).…

Türkiye’s garment and cotton sectors have suffered from a slowdown in demand in American and European markets, with more than 1,000 of the country’s garment manufacturing companies closing in 2023. Also, more than 85,000 employees within the sector in Türkiye were laid off this year, say industry sources.…

Türkiye is a critical food and drink provider to the European Union (EU) and the UK, with trade set to grow as Türkiye ramps up production and adopts agri-tech and smart farming solutions. Renewed trade agreements under discussion with the EU (with whom Turkey is already in a customs union) (1) and a new projected trade agreement with the UK are also set to spur growth.…

The Indian clothing manufacturing sector is investing enthusiastically in new technology, but digitisation, AI, robotics and automation has yet to see jobs being shed on a significant scale, said industry experts. AI-powered automation of processes along with the abundant availability of skilled labour, is preparing the Indian garment industry to gain market share in the global trade, argues Harminder Sahni, managing director of Gurgaon, India-based consultancy Wazir Advisors: “Sampling, colour matching and approvals from foreign buyers, which used to be very time consuming, is now happening more and more online,” he told Just-Style.…

Ethiopia government and analysists are both pessimistic that the US government will soon reinstate the Horn of Africa country into the African Growth and Opportunity Act (AGOA). America suspended Ethiopia from the free trade act in late December 2021, because of the ongoing civil war with the rebel Tigray People’s Liberation Front (TPLF).…

Cross-border drug and migrant trafficking is booming with billions of dollars being earned by crime networks, according to a United Nations Office on Drugs and Crime (UNODC) report. The report ‘Crime-related illicit financial flows: latest progress’ (1) is based on estimates of dirty money flows from nine countries – Afghanistan, Bangladesh, Colombia, Ecuador, Maldives, Mexico, Myanmar, Nepal and Peru.…

The world’s leading platforms and tech firms have pledged to tackle scams targeting their UK users by acting on a series of commitments within six months under an Online Fraud Charter (1). Trade association techUK, Google and Microsoft, online sellers Amazon and eBay, the Match Group, which owns dating sites including Tinder and Hinge, plus social media platforms, Facebook, Instagram, LinkedIn, Snap, TikTok, X and YouTube, have all joined the UK government in signing up to the world-first voluntary charter (on November 30).…

In most urbanised industrialised economies, the current focus on renewable energy growth is on wind and solar. Lacking untapped river resources, major hydro-electric projects are rare. However, in larger and more rural countries, especially those still industrialising, large-scale hydro is still an option.…

A wide variety of small garment orders for manufacturers could be made practical to manage through newly created digital systems developed in India, which can also reduce waste and conserve the environment.

“From growing cotton to dying fabric, 6,000 to 7,000 litres of water is spent on making one garment and eventually 30 percent of [apparel products] end up in landfills,” Gunish Jain, CEO of BlueKaktus, a fashion technology and garment manufacturing company, based in New Delhi, told Twinn, “Big brands have been ordering far in excess of their requirement but that is now changing.”…

Fraud has been booming since the start of the Covid-19 pandemic and the disruption of established living and working patterns, but experts warn that companies and consumers should expect more swindles in 2024, as technology develops, and scams become more sophisticated.…