Global Fashion Industry Calls for Government Action to Support Sector

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On Wednesday, 66 institutions representing the global manner, textile, footwear and travelling goods sectors issued a joint charm to governments and financial institutions to move quickly to handle the economic crisis due to the coronavirus. The corporations include the American Clothes and Footwear Association, the Council of Trend Designers of America, the British Manner Council, the Bangladesh Garment Companies and Exporters Association, the European Attire and Textile Confederation, the China National Textile and Apparel Council and organizations from countries which range from Egypt to Switzerland, Vietnam to Canada.

The appeal came on a single day leading brands, retailers, unions and the International Organisation of  Employers (IOE) decided to form a global working group to handle the serious damage the coronavirus crisis has caused to the apparel industry worldwide. The doing work group will become convened by the International Labour Corporation. Major brands and vendors endorsing the call to action involve Ralph Lauren Corp., VF Corp., PVH Corp., H&M, Inditex, Adidas, Under Armour, Primark, Bestseller, C&A, Marks & Spencer, Up coming, Tchibo and  Zalando.

The global organizations, within their appeal to governments, pointed to the need for action considering that stores worldwide have already been shut for weeks due to measures taken to support the distributed of COVID-19. “This lost income has had knock-on effects through the global source chain,” the teams said, contacting governments and financial institutions to pass stimulus measures to ensure market liquidity; provide non permanent duty and tariff pain relief, and not impose any more trade restrictions or avoid the manufacturing and delivery of PPE, intermediate products or raw materials necessary for those products.
Source: https://wwd.com

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