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.
Fast Retailing published its “core supplier list” on February 28. The list includes 146 suppliers in Bangladesh, Cambodia, China, Indonesia and Vietnam, but no indication of how the company defines “core”, or what kind of supplier relations have not been disclosed.
The seventeenth round of talks between the sixteen countries currently interested in developing the Pacific-based Regional Comprehensive Economic Partnership (RCEP) began in Kobe, Japan on February 27.
Calculated in square metres of fabric, UK total apparel imports in the last six months of 2016 (after the Brexit referendum and its subsequent sterling devaluation) fell just 0.3% over the same period in 2015.
Taiwan’s Makalot announced on February 9 a double-edged policy on the US in its 2017 “$5 bn – $10 bn” worldwide investment plans.
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%.
“Trump may have killed the TPP, and while Vietnam’s textile and garment industry may be affected there are still benefits to be had,” says one real businessman.
Foreign media and Vietnamese businesses almost unanimous in complaining about effect on Vietnamese apparel industry of US abandoning TPP negotiations. But even the Vietnamese admit that its apparel industry exports grew 5.2% in 2016. This, they believe, compares with:
Taiwan’s Eclat Textile, the country’s largest apparel manufacturer, announced on December 8 it was closing its last Chinese production plant.
Israel’s Bagir announced their Ethiopian plant’s first completed foreign order, a trouser programme for US H&M stores.
In the first three months of this year, we saw a massive drop in Chinese apparel exports to the US. It doesn’t mean the end of China’s dominance.
Just about every apparel industry commentator on the planet is constantly going on about rising cost prices. But do any of them look at what buyers are paying?
The Indian Government has officially kicked off a preferential credit package of $300 million to promote factory construction in Vietnam, it was reported on June 19.
The Korea Transnational Cooperation Watch (KTC Watch), an activist group, published on May 14 a report finding widespread malpractices at Korean-owned factories in Vietnam.