The region, strongly dependent on the evolution of raw materials, hasn’t been able to recover in the last forty years, according to the Economic Commission for Latin America and the Caribbean.
The agreement signed last summer puts an end to the commercial isolation of Latin America. Trade between the two regions represents 100 billion euros per year.
Between Thursday and Friday, the European Commission will approve the European Green Deal, which aims to implement measures to make Europe climate neutral.
Organized by the United Nations (UN), companies like H&M, Inditex and GAP commit to fight against climate change.
Fashion manufacturing in Prato dropped 3.1% in the first nine months of the year, according to data from Cofindustria Toscana Nord.
About 32% of companies in the sector have dropped their profit in the last fiscal year, according to the Global Fashion Drivers 2019 report.
During the weekend, 61% of Mexican customers bought online, according to the Mexican Association of Online Sales (Amvo).
Amongst a possible economic recession, trade war and Brexit, Switzerland, Australia and New Zealand are that will see less the consequences.
Donald Trump threatens to set tariffs as high as 100% on certain French imports valued at 2.4 billion dollars, including bags and cosmetic products.
Between 2018 and 2022, India, Ukraine and Argentina will be the markets where the sector will grow the most, while Venezuela, Egypt and France will be the three where sales will fall the most.
After six months on the low, the official Purchasing Manager Index (PMI) stood at 50.2 points, up from the 49.3 points in October.
The collaboration has been signed between EU-Textile2030, the European cluster of advanced textile materials and Tex4im, the consortium that reviews the smart specialization strategy in Europe of the sector.
Leaders from the factory unions in Ethiopia’s textile and garment sector met this week in Addis Ababa.
The European Parliament has approved an institutional declaration warning of the need to act quickly. Europe is the first continent to declare this.
According to Moody’s latest report, tariffs on Chinese imports will affect clothing and footwear retail in the American market between the next twelve and eighteen months.
News on the latest macroeconomic indicators related to the textile- and fashion industry worldwide.
