November 23, 2024
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Asian Countries Risk Losing $65bn In Apparel Exports

A new study by Cornell University’s Global Labour Institute (GLI) and Schroders, reveals extreme heat and flooding are threatening key apparel production hubs. “Four countries vital for fashion production like Bangladesh, Cambodia, Pakistan and Vietnam risk missing out on $65 billion in export earnings and almost one million new jobs,” the study said. The collaboration
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Global Garment Trade Rises 7.26% In 2022

According to the World Trade Organisation (WTO), global garment trade rose 7.26 percent in 2022 and amounted to US $576 billion as against $537 billion in 2021. China is the largest supplier of apparel in the world while Bangladesh retains second spot and its market share climbed to 7.87 percent in 2022 as against 6.37 […]