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Minimum Wages in Apparel Manufacturing Countries: Bangladesh vs other origins (Statistical Report)
2018-09-25 20:21:46| EmergingTextiles.com
Bangladesh has officially announced a 51% rise of its minimum wage at apparel plants, effective from December 1st. This sudden surge in its labor costs should however be rapidly digested by domestic exporters, thanks to higher productivity levels. In addition, minimum wages had not been raised for five years in Bangladesh, whereas being significantly increased in rival countries. Currency variations are also limiting the impact of higher wages in local currency terms. Our report displays minimum wages in low-cost apparel manufacturing countries in Asia, from January 2015 to last quarter 2018, in local currency and US$ terms. A 3-year comparison is available in local currency terms, fixed US$ terms, and current US$ terms.
Tags: report
minimum
countries
apparel
Sri Lanka cuts fabric VAT to support apparel industry
2018-09-24 13:48:00| Daily apparel & textile news and comment - from just-style.com
The Sri Lankan Government is slashing the rate of Value Added Tax on fabric imports from 15% to 5% in a bid to help the apparel industry, in particular, small-scale exporters.
Tags: support
industry
apparel
sri
Minimum Wages in Apparel Manufacturing Countries: Bangladesh vs other origins (Statistical Report)
2018-09-21 20:22:09| EmergingTextiles.com
Bangladesh has officially announced a 51% rise of its minimum wage at apparel plants, effective from December 1st. This sudden surge in its labor costs should however be rapidly digested by domestic exporters, thanks to higher productivity levels. In addition, minimum wages had not been raised for five years in Bangladesh, whereas being significantly increased in rival countries. Currency variations are also limiting the impact of higher wages in local currency terms. Our report displays minimum wages in low-cost apparel manufacturing countries in Asia, from January 2015 to last quarter 2018, in local currency and US$ terms. A 3-year comparison is available in local currency terms, fixed US$ terms, and current US$ terms.
Tags: report
minimum
countries
apparel
Top trends in Canada's apparel sourcing trade
2018-09-21 18:01:00| Daily apparel & textile news and comment - from just-style.com
Canada is the world's fifth-largest apparel market, and one of its fastest growing importers. Here Dr Sheng Lu, associate professor in the Department of Fashion and Apparel Studies at the University of Delaware, rounds up the country's key sourcing patterns.
Tags: top
trade
apparel
trends
Expanded Central America customs bloc speeds apparel trade
2018-09-20 19:09:00| Daily apparel & textile news and comment - from just-style.com
The expansion of the Central American Customs Union into a three-country bloc - with El Salvador joining Guatemala and Honduras to forge a light border trading zone of more than 32m people - has been welcomed by the industry association representing the Honduras clothing sector.
Tags: central
america
trade
apparel
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