Global

While China has long dominated EU apparel exports, recent developments have raised questions about whether Türkiye or Bangladesh could potentially take the lead. Both countries possess distinct advantages that make them attractive alternatives to China in the eyes of European buyers. Türkiye's Advantages: Proximity: Türkiye's geographical proximity to the EU offers significant logistical advantages, including shorter delivery times and lower transportation costs. EU Customs Union Membership: As a member of the EU Customs Union, Türkiye enjoys duty-free access to the European market, providing a cost advantage over other non-EU exporters. Rapid Growth: Türkiye's textile and apparel industry has witnessed rapid growth in recent years, with exports to the EU increasing steadily. T...

EU Says No More to Waste: Ban on Destroying Unsold Clothing Approved The European Union has taken a significant step towards sustainability by approving a ban on the destruction of unsold clothing and footwear. This new law, which will come into effect two years after its official adoption, aims to curb textile waste and promote circularity in the fashion industry. The decision marks a major victory for environmental groups and advocates for sustainable fashion. The textile industry is a major contributor to pollution and waste, with large amounts of unsold clothing ending up in landfills or incinerators. This new law will force clothing companies to find alternative solutions for their unsold items, such as donating them to charities, selling them at discounted prices, or recycling th...

  Bangladesh's export sector showed remarkable resilience in November, with overall exports surging 27% month-on-month (MoM) to $4.78 billion, according to data released by the Export Promotion Bureau (EPB). This robust growth was primarily driven by a 28% MoM increase in apparel exports, which reached $4.05 billion in November. The surge in apparel exports is attributed to heightened demand for clothing in Western markets as the festive season approaches. This increased demand outweighed concerns over global economic uncertainties, demonstrating the strength of Bangladesh's apparel industry. Ready-Made Garment (RMG) Exports Lead the Charge RMG exports, the cornerstone of Bangladesh's economy, continued to dominate the export landscape, accounting for 84% of total exports ...