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Trade news and archive

BusinessMember

UK chancellor to review de minimis rule, mitigate impact of ‘dumped’ goods

Chancellor Rachel Reeves has outlined a plan to mitigate the impact of “practices that undercut fair trade” which will include a review of the customs treatment of Low Value Imports. The law currently allows for goods valued at 135 pounds or less to be imported without paying customs duties. Some retail giants, however, have called for this to...

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BusinessMember

US fashion industry pushes for extension of Haiti trade programme

US congressman Greg Murphy, alongside other representatives, has introduced a bipartisan legislation calling for the 10-year extension of the country’s trade programme with Haiti, a bill that leading fashion industry figures are adamantly supporting. The HOPE/HELP trade programmes, which are set to expire in September 2025, intend to help...

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BusinessMember

Britain secures trade deal with Washington state

Britain is understood to have secured a trade deal with the state of Washington in the US, with a similar agreement to potentially be reached with Florida soon. The region, which had initially set out to strike a bilateral trade deal with the US as a whole, signed a memorandum of understanding (MoU) on trade with the state after the UK...

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BusinessFeaturedMember

UK and EU agree new Brexit deal for Northern Ireland

The UK and EU have come to a renewed Brexit agreement concerning the Northern Ireland Protocol. Called the Windsor Framework, the aim is to avoid a hard border between Northern Ireland (which is part of the UK) and the Republic of Ireland (which is an EU member state) by keeping Northern Ireland aligned with some EU rules and regulations. The...

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RetailPress Release

EU-India Free Trade negotiations

Today the European Commission released its long-awaited Strategy for Sustainable Textile, with the ambition to move the sector towards the path of sustainability. EURATEX welcomes the EU ambitions to act on sustainable textiles and investments, in order to change how textiles are made, chosen and recovered. Many European companies have already...

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BusinessMember

Euratex report: “Brexit has been a lose-lose deal for the textile industry”

The European Apparel and Textile Confederation Euratex has looked at the latest trade data from January to September 2021 and found a “dramatic drop” of imports and exports of textile goods between the EU and UK, with exports falling by 44 percent to almost 2 billion euros and exports by 22 percent, corresponding to 1.6 billion euros. This means...

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BusinessMember

UK signs 'landmark' free trade agreement with Australia

The UK has signed a trade agreement with Australia setting new global standards in customs and services and creating new work and travel opportunities for both nations. Agreed upon by UK prime minister Boris Johnson and Australian prime minister Scott Morrison in June, negotiators have now finalised the agreement with the final deal signed in a...

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BusinessMember

How the US 25 percent trade tariff increase could hit EU and UK fashion

The United States announced recently that it would apply a tariff increase of 25 percent on goods from three European countries, as well as the United Kingdom, Turkey and India. The measure was soon suspended to allow for international negotiations to proceed. The 25 percent tariff increase was announced in response to the EU’s decision to apply...

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Video

Is China altering the future shopping experience?

"China is a huge laboratory for innovation," says retail expert Angela Wang, "and in this laboratory everything found on the phones of the people instead." Five hundred million Chinese consumers - the equivalent along the total population of the United States, Britain and Germany - buy regularly on mobile platforms, even in stationary shops....

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Video

Retail Trends for 2020

Make your consumers where they are and the way they want to be addressed 2020th Of educational platforms in stores, to on-demand Styling - The retail sector will change in the next 10 years than in the last 1000 years. Here five technologies are presented, which is the way we shop change.

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BusinessMember

Alibaba's Ma says 1m US jobs pledge thwarted by trade row

Alibaba founder Jack Ma said his ambitious pledge to create one million jobs in the US had been scuppered by the trade row between Beijing and Washington, Chinese state news reported Thursday. The billionaire owner of China's largest online shopping portal made the headline-grabbing promise to Donald Trump last year, as Beijing courted the...

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BusinessFeaturedMember

​Sanpower to introduce premium Chinese brands to Europe via HoF

London - Sanpower Group, the Chinese owner of British department store chain House of Fraser, has announced the launch of a new supply chain programme, designed to create a gateway for premium Chinese brands to gain access to the UK and EU market through House of Fraser. The new initiative, which aims to further strengthen House of Fraser's...

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