April 2024

In Q1 2024, the manufacturing sector in ASEAN grows: S&P International

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S&P Global reports that as of the end of the first quarter (Q1) of 2024, the manufacturing sector within the Association of Southeast Asian Nations (ASEAN) was growing at an accelerated rate. The main S&P Global ASEAN manufacturing purchasing managers’ index (PMI) rose from 50.4 in February to 51.5 in March, indicating the strongest improvement …

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According to ThredUp, the market for used clothing will grow to US$ 350 billion by 2028

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The annual “Resale Report” published by online resale platform ThredUp projects that the global market for used clothing will increase at a compound annual growth rate (CAGR) of 12% and reach US$ 350 billion by 2028. This year’s data, co-published with GlobalData, highlights how the used clothing market is expanding at a quicker rate than …

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Diverse EU policies and obstacles to US non-market practices: USTR

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The 2024 National Trade Estimate Report on Foreign Trade Barriers (NTE Report), recently released by US trade representative Katherine Tai, identifies significant foreign trade barriers, including obstacles to US agricultural exports, lack of uniformity in the European Union (EU), non-market policies and practices, and data policies furthering state intrusion. Cross-cutting barriers that impact US agricultural …

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OEKO-TEX, a Swiss organization, raises standards through thorough quality inspections

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OEKO-TEX, a renowned organization in Switzerland that provides cooperative solutions to partners in the leather and textile sectors, has strengthened its dedication to quality by implementing a strict set of audits and control procedures. This program demonstrates the organization’s commitment to fostering trust among its partners, in its operational procedures, and—above all—in its internationally recognized …

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