Policy

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Bangladesh low-wage workers get support from US and EU

Apparel retailers in the US and Europe , as the primary buyers of Bangladesh- garments have agreed to accept higher prices to help factories offset wage increases along with helping the daily survival of low-income workers, in a humanitarian move. Bangladesh factories that employ low-wage workers --mainly w... Read more

More comprehensive India-UK FTA will benefit bilateral trade

The much-awaited bilateral free trade agreement (FTA) negotiations between India and the UK -- which wa proposed by Boris Johnson in April this year- may see the light of day by the end-of-year. The early harvest agreement pact had aimed to achieve up to 65 per cent of coverage for goods and up to 40 per ce... Read more

Survival of Indian cotton mills depends on government initiatives

Much has been discussed in Indian media about the domestic cotton scenario spanning farming, spinning, textiles and apparel. The clear picture that emerges when one cuts through the media chatter is that the sector has become rather vulnerable due to global scenarios much beyond their control. From climate ... Read more

India-Bangladesh rupee trade a mixed bag for both sides, say experts

As India forges ahead towards becoming the world’s fifth largest economy it is ambitious about making it’s the rupee a global trading currency. With the aim to decrease US dollar dependency, so far 18 countries have been allowed by the Reserve Bank of India to trade in Indian rupees and Ba... Read more

Despite interventions UK’s textile strategy yet to take off

UK, the fourth largest producer of textile waste, has been losing its grip from being a nation that was leading in delivering key interventions through governmental policies for the fashion sector. On June 8, 2022, erstwhile Prime Minister Boris Johnson had expressed his support for the new 10-year Fashion Industry... Read more

UN’s playbook recommends end of excessive consumerism in fashion

In the real world, despite pledges and commitments, the fashion industry continues its various strategies and tactics to sell more. Social influencers are working overtime recommending ‘look of the day’ and ‘look of the occasion’. Digital engagements have found newer avenues like the Metaver... Read more

With AGOA ending in 2025, a new act should focus on strengthening regi…

With 2025 its date of expiry drawing close, the African Growth and Opportunity Act (AGOA) that gives duty-free benefits to goods of designated sub-Saharan African (SSA) countries, is now set for a change for better or worse. The AGOA legislation was approved by the US Congress in May 2000 and signed by President Cl... Read more

European Parliament’s takes the lead with its new sustainability norms…

The Environment Committee of the European Parliament has made its stance clear – the time has arrived for the model of ‘take, make, dispose’ that harms our planet, our health and our economy -- to end it once and for all. Well over a year ago, the committee had put forward a proposal for a regulat... Read more

Euratex wants European Parliament to take a realistic view of issues f…

The European textile sector is miffed with the European Parliament as it’s acknowledging the efforts put in by the sector to be aligned to EU Strategy for Sustainability and Circular Textiles. When European Union law makers adopted the report on the strategy published in Brussels on June 1, the general feedba... Read more

China’s stockpiling move fails to boost cotton prices

To boost recovery of China’s cotton market, Beijing aims to buy half a million tons of Xinjiang cotton for state reserves. China’s cotton market has been on decline ever since US announced ban on cotton made in Xinjiang. Beijing has announced plans to buy between 300,000 and 500,000 tons of Xinjiang cott... Read more

Focus on priority sectors can help Nepal achieve LDC targets

Despite being confronted by unfavorable conditions, Nepal, has made significant socio-economic progress in the last few years. However, it has demonstrated an absurd growth curve where below average economic growth is being supported by a sharp reduction in poverty. As per a report by Himalaya Times, in the l... Read more

A new year’s gift to the industry as government defers GST hike on tex…

Smiles are back on the faces of textile industry leaders as the GST Council has unanimously deferred its proposed hike to GST rates on textiles. The GST rate hike on textiles from 5 to 12 per cent was to come into effect from January 1. The decision to defer the hike was made at the 46th meeting of the GST Co... Read more

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