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The EU-Vietnam Free trade agreement (EVFTA) and investment protection agreement (EVIPA) were just approved by National Assembly of Vietnam this morning, 8 June 2020.
Mongolia, a leading supplier for global cashmere, has seen demand for its luxury fibers plummet during the coronavirus pandemic.
The volume of footwear reaching U.S. ports in February tumbled 20.8 percent compared to a year earlier–its largest drop in more than four years, according to an analysis by the Footwear Distributors & Retailers of America (FDRA), which also noted it was the sixth straight month of volume and value declines in footwear imports.
The Leather and Hide Council of America (LHCA) said it is considering leading a trade mission to Vietnam and Thailand in July 2020, given the growing importance of those two markets to the U.S. leather industry, reports ILM.
Sourcing Journal’s Jasmin Malik Chua writes that Bangladesh’s minimum wage board has filed recommendations that could raise the minimum monthly wage for leather and footwear workers to 7,100 takas ( $84), local news media has reported.
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