Before a March 14-15 meeting in Chile planned to review next steps after US withdrawal from the TPP, other negotiating partners – plus China, Korea and Colombia – shared views on future possibilities.
Better Factories Cambodia released a report on February 22 summarising research carried out during 2015 among 50 managers and 1,500 workers in 73 Cambodian apparel factories.
Commerce Secretary Wilbur Ross, in a March 3 interview, offered insights into general trade priorities and his priorities for the NAFTA renegotiation.
The Gallup organisation reported on February 24 that US public support for NAFTA in early 2017 was greater than opposition for only the second time in 20 years
Although in January Donald Trump summarised his objectives as “Buy American, hire American”, major policy priority summaries now almost ignore trade programmes.
The speed the sourcing environment’s changing, you’d think this is a good time for a new strategy. You’d be wrong.
Speaking on Gildan’s 2016 earnings call on February 23, the company’s executive vice president Rhodri Harries said Gildan has, since acquiring American Apparel, begun “leveraging our manufacturing network, while at the same time working on a supply chain to also support Made in the USA product”.
A possibly unscripted February 13 remark by Donald Trump might indicate he wants to break up NAFTA, not merely renegotiate it.
In fairness, the actual story consists of:
A wave of resentment at Donald Trump has led to a range of anti-American actions in Mexico, from boycotting Starbucks and encouraging the use of Mexican ingredients to discouraging cross-border shopping truips to US border towns.
US apparel imports (in square metres) grew 3.4% in December 2016 over December 2015, though falls in the previous six months a 2016 annual fall of 1.1%.
The EU and Mexico announced on February 1 an “accelerated timetable” to upgrade their current free trade deal. Though two more rounds of talks were planned for the first half of 2017, no date has been offered for agreement or for ratifying any ensuing deal.
I think the biggest event of 2016 for our industry was the outright opposition to international trade on which America’s Republican Party campaigned successfully in the Congressional elections.
Taiwan’s Eclat Textile, the country’s largest apparel manufacturer, announced on December 8 it was closing its last Chinese production plant.