world trade news and archive

Textiles Intelligence report announces world trade in hosiery expected to rebound in 2021

Textiles Intelligence has released a report predicting world trade in hosiery to rebound in 2021, but return to low growth in 2022. Following a fall in growth in 2020 of 13.7 percent, exports were at their lowest levels since 2010. With the effects of the Covid-19 pandemic widely felt by every industry, further growth in hosiery will potentially...

Fashion

Clothing Quota Ban May Mean Price Reductions

According to Merrill Lynch, the quota restrictions on clothing and retail goods that are to be lifted for World Trade Organisation member nations such as China, India and Bangladish, will result in price reductions on certain products sourced from Asia. Certain American-based retail corporations are eagerly anticipating price reductions ranging...