Political crisis impacts Bangladesh’s apparel exports to EU

Apparels
Bangladesh’s apparel exports to the EU reached $11.112 billion in Jan-Jul 2024, down from $11.679 billion in 2023, amid growing political unrest and student protests.
Exports fluctuated, with a sharp decline in June before recovering in July, just before Prime Minister Sheikh Hasina’s ousting.
Europe, including UK, contributed 57.41 per cent to Bangladesh’s total apparel exports in this period.

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Scientists Discover A Hidden Root Cause Of Stubborn Belly Fat, And It Will Surprise You…

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Are you struggling with low energy and stubborn belly fat that just won’t budge? Turns out, it’s not your fault. In 2023, an esteemed team of scientific researchers discovered just one common factor in all overweight women and men – compromised liver function. And the one thing common in skinny people? Optimal liver function! As you’re probably aware, one

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US New York state passes legislation prohibiting PFAS use in apparel

Apparels
The New York state in the United States recently passed legislation (Senate Bill S1322) to specifically prohibit the sale of products containing PFAS, synthetic chemicals that are resistant to water, oil and heat, and break down slowly over time.
The piece of legislation, which takes effect from January 1 next year, will create additional PFAS regulations mandatory for the garment industry.

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China, Germany partner on green shipping, apparel trade trends shift

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China and Germany have signed an MoU to establish a green shipping corridor between Shanghai and Hamburg, aiming for sustainable port development with green fuels.
Germany’s apparel imports from China reached $4.835 billion in early 2024, although China was previously its top supplier in 2023.
Germany also exports industrial textiles to China, though shipments have declined.

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Li Ning & HongShan form JV for global brand expansion

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Li Ning Company Limited announced the formation of a joint venture (JV) in the British Virgin Islands with HongShan Venture and others to develop the Li Ning Brand in international markets.
The JV leverages Li Ning’s brand leadership and HongShan’s transnational resources.
Li Ning will hold 55 per cent of the JV shares, maintaining control while benefitting from HongShan’s expertise.

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Canada’s Lululemon & Fanatics partner with NHL for new apparel line

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Lululemon and Fanatics announced a multi-year partnership with the NHL to launch fan apparel for 11 teams in the 2024-25 season, expanding to all 32 teams by 2025-26.
The collection includes popular Lululemon items featuring team logos, available from October 29 in select stores and online.
NHL star Connor Bedard will feature in the campaign promoting the new line.

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Indian apparel exporters to see 9-11% revenue growth in FY25: ICRA

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Indian apparel exporters are expected to see 9-11 per cent revenue growth in FY25, driven by retail inventory liquidation and global sourcing shifts to India, according to ICRA.
Despite FY24 challenges from high inventory, sluggish demand, and competition, long-term prospects remain positive.
Government initiatives like the PLI scheme and free trade agreements will further boost growth.

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South Korea’s apparel imports surge 5.8% to $1.31 bn in Sept 2024

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South Korea’s apparel imports rose to $1.39 billion in September 2024, a 5.87 per cent year over year increase, and 11.40 per cent higher than August 2024.
Imports of knitted and non-knitted apparel were valued at $549.7 million and $837.9 million, respectively.
The country typically exports textile materials, with man-made filaments and knitted fabrics being key export items.

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