Uzbekistan and Germany will expand bilateral cooperation. Both countries came to an agreement on investments, three framework agreements and six export contracts. Both sides also discussed issues of increasing exports of finished textile products to the European market. The countries want to use the full potential of economic cooperation. Germany’s economic ties with Uzbekistan are modest.

During the negotiations, issues of developing a program of technical assistance and the transfer of knowledge in the field of textile production, design, dyeing, finishing were discussed. Germany remains one of the main trade and economic partners of Uzbekistan in Europe. Germany stands seventh in overall commodity turnover of Uzbekistan with other countries in 2016.

The main indicators of mutual trade turnover fell for Germany (almost 90 per cent). The main reasons for the low turnover growth rates are conversion, bureaucratic obstacles and legal security.

As many as 123 enterprises operate in Uzbekistan with the participation of German companies, capital and advanced technologies. Large investment projects involving German banks are being implemented in various sectors of the economy. Investment projects for a total of more than a billion euro have been implemented in Uzbekistan jointly with German leading companies.

Vietnam’s cotton yarn exports are the fastest growing in the world, thanks to orders from the largest importer in the market, China. This dynamic is having a positive impact on US cotton exports to Southeast Asian countries.

The United States accounts for more than half of Vietnam's cotton imports, compared with a third just three years ago. These larger needs in Vietnam are likely to lead to record consumption in 2018-2019. Vietnamese mills continue to attract foreign investment, new or existing. Costs are much lower in Vietnam than in Japan or South Korea, and the country is attracting more and more foreign textile exporters, such as China, India and Pakistan. Vietnam's exports of cotton yarn to China have almost quintupled since 2012-2013, showing stronger links between the textile industries of both countries.

In 2016-17, Vietnam was the main destination for US cotton exports. For the moment, this continues to be true. Cotton is the most valuable agricultural product for the United States, accounting for about 40 per cent of the sector’s total exports.

Over the period from August 2017 to June 2018, US cotton exports to Vietnam again reached record levels. The world’s second largest importer of cotton, Vietnam helped propel US cotton exports in 2017-2018 to their highest level in a decade.

Archroma, a global leader in color and specialty chemicals towards sustainable solutions has collaborated with Ternua, an outdoor brand with a strong connection to nature. Together they have created EarthColors®patented technology, to create a capsule collection of recycled tee-shirts and sweatshirts, collecting, recycling and upcycling agricultural waste from the Basque region in Spain after food consumption.

Archroma’s award-winning EarthColors® is a traceable concept of plant-based dyes, sourced from up to 100 percent renewable resources. Archroma developed EarthColors® using non-edible waste products, from agriculture and herbal industries, to replace petroleum derived raw materials; which are the conventional raw materials used to synthesize dyes currently. This gives brands an alternative when looking for more natural ways of dyeing garments.

The Nutcycle collection uses walnut shells to make biomass-based dyes to color Ternua’s collection. Ternua’s vision was to collect walnut shells during the cider season, when cider houses typically serve walnuts with cider. It is estimated that up to 55,000kg of walnuts are consumed in the Basque region’s cider houses. The collaboration with Archroma aims at using walnut shells to make biomass-based dyes to color Ternua’s garments.

Verisk Maplecroft’s Human Rights Outlook 2018 warns of drastic job losses in South East Asia resulting from the onset of robot manufacturing, and that this is predicted to produce a spike in slavery and labor abuses in global supply chains as employers gain the upper hand with more workers fighting for fewer and fewer jobs.

This group of countries, or the ASEAN-5 are particularly at risk, due to the dependence of the workforce on low-skilled jobs and existing high levels of labor rights violations. All are currently rated as ‘high risk’ countries in Verisk Maplecroft’s Modern Slavery Index, but their rankings and scores are forecast to deteriorate when the full impact of automation is felt.

Another trend the report notes is the rising threat of violence against and criminalisation of human rights defenders, and the emerging efforts to guide how business responds to the problem. The report also assesses the growing impact of financial institutes on the sustainability debate.

India’s readymade garment exports in the first three months of the current fiscal fell by 16.57 per cent as compared to the same period of the last fiscal.
After reporting a eight per cent decline in fiscal ’18, exports of readymade garments fell by 21.40 per cent in April, 12.59 per cent in May and 7.8 per cent in June. In dollar terms, the decline in April, May and June 2018 was at 22.78 per cent, 16.57 per cent and 12.45 per cent respectively.

The sector has been hit hard by rising cotton prices coupled with issues such as GST as well as reduction in duty drawback rates and return on state levies. The beleaguered knitwear export sector has been passing through a challenging business environment. Knitwear exports have been declining since October 2017 on a month-on-month basis and the decline in exports for the second half of 2017-18 was 21 per cent. The most worrying factor is the negative trend in export growth is continuing in the current financial year.

However, India’s apparel market is expected to grow by 11 per cent to 12 per cent in the next seven years. The market grew at a compounded annual growth rate of 10 per cent from 2005 to 2017.

India’s apparel market is expected to grow by 11 to 12 per cent in the next seven years. The market grew at a compounded annual growth rate (CAGR) of 10 per cent from 2005 to 2017.

India’s domestic market has performed better than the largest consumption regions like the US, EU and Japan, where depressed economic conditions have led to lower demand and growth.

India’s apparel industry is dominated by the ready-to-wear category, which has a 84 per cent share and which is further growing at a CAGR of ten per cent to 11 per cent. The ready-to-stitch market is also gaining momentum as more and more men who have been buying premium or luxury readymade clothing brands want to wear a shirt or a trouser that fits them perfectly. The ready-to-stitch market is expected to grow at a CAGR of seven per cent till 2025.

However, apparel exports have taken a beating from October 2017 onwards. The introduction of the goods and services tax (GST) resulted in non-refund of several embedded taxes. Consequently, apparel exports for the financial year ’18 declined by four per cent from the previous year. The downturn continues this fiscal year with a month-on-month decline of ten per cent.

India has raised import duties on a large number of textile apparels, fibres and related products such as carpets by up to 20 per cent. Spread across 37 broad tariff areas, the import duties, however, target products for which India’s imports are low.

This includes textile apparels and accessories, hosiery items and certain types of vegetable based textile fibres, among others. Effective duty rate for most of these items have been doubled. Import duties had been increased for an even broader set of products and goods in the textile categories back in October 2017.

Interestingly, export of apparels, the largest chunk of exports within the textile segment, has been contracting since some months. Export of ready-made garments continued to drop in June, contracting by 12.34 per cent, albeit lower than the 16.62 per cent fall seen in May.

The Gujarat Garment Manufacturers Association (GGMA) fair will be held in Ahmedabad from July 19 to 21. The fair will see wholesale and retail buyers from across the country and abroad placing orders for upcoming festive season. The orders will give local manufacturers an idea about fashion trends and the demand from the market for the season.

However, unlike previous events, the mood this time is dampened. A shortfall of about 50 per cent in orders is expected as compared to the previous year. The overall slowdown in economy is taking a toll on business. But while the market for men’s wear may be slowing down, manufacturers of women’s wear and ethnic wear are bullish about the festive season. Optimism is based on the fact that women’s wear segment has a significant proportion of impulsive buying, which is not the case in men’s wear.

Over 260 manufacturers, representing close to 600 brands, will exhibit their products to over 18,000 buyers from states like Maharashtra, Rajasthan, Madhya Pradesh, Uttar Pradesh, Assam, West Bengal, Bihar, Orissa, Jharkhand, Chhatisgarh, Tamil Nadu, Andhra Pradesh, Karnataka and Kerala as well as from countries like Bangladesh, Sri Lanka and those of the Middle East.

A meeting between Uztekstilprom Association and Chinese ambassador to Uzbekistan noted Chinese investments into the textile industry of Uzbekistan has registered an increase and now exceeds $200 million.

The meeting discussed issues developments of cooperation between Uzbek and Chinese textile associations, large textile companies, expansion of investment activities of Chinese companies in Uzbekistan, increase in trade turnover between the countries, in particular, consideration of the issue of optimisation of rates of customs duties on the import of Uzbek textiles to China were discussed.

Particular emphasis was placed on the development of Chinese government's technical assistance program aimed at training and upgrading the skills of young specialists for the textile, clothing and knitting industries. During the period January-June 2018, within the framework of this program 15 specialists of the industry in different regions of China were trained.

As per Burberry’s 2017-18 annual report besides reporting an annual revenue of $3.61 billion, the brand also physically destroyed finished goods worth $37.8 million. These included ready-to-wear products and accessories.

Burberry is not the first brand to come under fire for destroying unsold items. As Quartz reported earlier this year, Richemont was actively buying-back and dismantling of its pricey timepieces, in an effort to “save their brand value,” at least in part from the tarnishment that comes from the grey market. Louis Vuitton has, for years, been plagued by reports that in order to avoid selling its well-known bags at a discount and risk tarnishing its image as a luxury leader, it burns its excess leather goods.

H&M was also accused of burning more than 3,483 pounds of clothing on one occasion last year, according to an investigation from Danish television channel TV2’s Operation X program.