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WTO ups global trade growth forecast to 10.8% in 2021, 4.7% in 2022, Switzerland
The World Trade Organisation (WTO) recently upgraded its forecast for global merchandise trade volume to a 10.8 per cent rise in 2021 from the 8 per cent increase projected in March this year on the
Global merchandise trade continues robust recovery from pandemic: WTO, Switzerland
Global merchandise trade is continuing its robust recovery from the shock of the pandemic, according to the WTO goods trade barometer, which hit a record high in its latest reading issued on August
GIZ, ILO set up Asian garment-textile sector hub to drive change, Germany
German development agency GIZ and ILO have jointly set up an online platform to develop a more sustainable future for the global garment and textile sector.Asia Garment Hub is aimed at creating a
Automation in Asia's garment industry relatively slow: ILO, Switzerland
Automation of garment production in Asia has been slow compared to other sectors as seen in the low sales of robots in the sector, says a research brief by the International Labour Organisation. This
Asian garment industry market concentration, consolidation rise: ILO, Switzerland
Although Asia's garment market rose in size in value terms before the pandemic, market concentration also kept rising, says a research brief by the International Labour Organisation. Consolidation and
ILO adopts code of practice on health & safety in textiles & footwear, Switzerland
International Labour Organization (ILO) has adopted code of practice on safety and health in textiles, clothing, leather and footwear industries. Based on international labour standards and other
ILO campaign spreads COVID-19 awareness among Bangladesh RMG workers, Bangladesh
The International Labour Organisation recently launched a behaviour change awareness campaign to identify and reduce COVID-19 risks faced by readymade garment workers in Bangladesh in their workplaces
Near-shoring limited by manufacturing capacity constraints: ILO, Switzerland
Though EU buyers and the European Commission are exploring more near-shoring through reduction in garment-related trade duties in several countries, near-shoring prospects could be overstated as such
Customisation, circular fashion remain important trends: ILO brief, Switzerland
Design, production and consumption of apparel that increases resale, subscription, renting and reuse of clothes using safe and renewable materials is a growing trend, and the pandemic appears to have
Vietnam surpasses Bangladesh as 2nd biggest garment exporter: WTO, Switzerland
Bangladesh recently lost its rank as the second largest apparel exporter to Vietnam, according to the latest data released by the World Trade Organisation (WTO). Vietnam sold $29 billion worth of
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