Top stories this week on just-style include the imminent signing of the EU-Vietnam Free Trade Agreement (EVFTA) on Sunday (30 June), a look at how brands and retailers can guard against modern slavery in fashion supply chains, and the likelihood that India’s new government will increase the country’s minimum wage rates.
EU-Vietnam trade agreement to be signed on Sunday
The EU-Vietnam Free Trade Agreement (EVFTA) is set to be signed on Sunday (30 June), after clearing another hurdle on its way to coming into force.
Go deeper with GlobalData
Red flags for modern slavery in fashion supply chains
Despite efforts to crack down on modern slavery in supply chains, some 24.9m people remain trapped in forced labour worldwide. Yet there are a number of red flags that brands and retailers should be aware of – as well as steps they can take to mitigate the problem, including mapping labour supply chains, adopting an Employer Pays Principle, and assessing recruitment agencies and their practices.
Why it’s time to share your views on trade
Ahead of her testimony against the proposed Section 301 tariffs on all imports from China – which would include all clothing and footwear –Julia Hughes, president of the United States Fashion Industry Association (USFIA), explains why the negative impact of tariffs on China will not just hurt brands and retailers, but also their global supply chains. And, she says, it’s not too late to speak out.
New India government likely to review minimum wage
India’s new Bharatiya Janata Party (BJP)-led government is planning to increase the country’s minimum wage rates – a move that could damage the current cost advantages enjoyed of Indian apparel exporters, an industry body has warned.
New tariffs could lift US apparel prices by 5%
The trade association representing US retailers claims American consumers would pay $4.4bn more each year for apparel and $2.5bn more for footwear if the US goes ahead with an additional 25% tariffs on US$300bn worth of Chinese goods.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
