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Global trade unlikely to reach worst-case scenario: WTO, Global
World trade fell sharply in the first half of the year 2020, as the COVID-19 pandemic upended the global economy. However, rapid government responses helped temper the contraction, and WTO economists
Worldwide lockdowns, stimulus shots, raised PPE production, Global
The global response this week to the unfolding COVID-19 crisis saw countries implementing lockdowns, announcement of stimulus packages and relief measures to tackle the harsh economic impact of the
Employers, workers and brands join ILO on call for action, Global
International Labour Organization (ILO) along with employers, worker organisations, brands & retailers, is endorsing a call for action by committing to work with governments and financial institutions
JFWO cancels Rakuten Fashion Week Tokyo 2020 A/W, Japan
Japan Fashion Week Organization (JFWO) has decided to cancel the ‘Rakuten Fashion Week Tokyo 2020 A/W’ (RakutenFWT 2020 A/W), which was scheduled to be held from March 16-21. JFWO made this decision
India's export incentives at odds with global norms: WTO, Switzerland
The World Trade Organisation's (WTO) dispute settlement panel yesterday concluded that India's domestic export incentive schemes are inconsistent with international trade norms. With this ruling,
China seeks $2.4 bn in retaliatory sanctions against US, Global
China recently sought $2.4 billion in retaliatory sanctions against the US for failing to comply with an old World Trade Organisation (WTO) ruling. WTO appeals judges said in July as the US did not
NCTO, textile executives back Jul implementation of USMCA, United States Of America
Lauding US Trade Representative Robert Lighthizer for setting July 1 as the implementation date of the US-Mexico-Canada Agreement, textile executives are stressing the critical importance of moving
Cap Yarns CEO David Roberts is new NCTO chairman, United States Of America
David Roberts, chief executive officer (CEO) of speciality yarn manufacturer Cap Yarns, was recently elected the new chairman of the US National Council of Textile Organisations (NCTO). He succeeds
NCTO urges govt to institute ‘Buy American’ policy for PPE, United States Of America
The National Council of Textile Organisations has urged the government to institute a ‘Buy American’ policy to help bolster US manufacturers producing personal protective equipment for frontline
US apparel-textile brands coalition to produce face masks, United States Of America
A coalition of iconic American apparel brands and textile companies, responding to the urgent call of the White House for medical supplies, have come together to quickly build a supply chain and
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