June 2024

Italy carries out the EPPO freezing order in the fake VAT smuggling of textiles

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A local court last week implemented a freezing order worth more than €6.8 million ($7.34 million) against four people and a company suspected of value-added tax (VAT) fraud connected to the unauthorized import of fabric from China at the request of the European Public Prosecutor’s Office (EPPO) in Bologna, Italy. In addition to confiscating over …

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$80 million loan signed by ADB and LPBank to support women-owned SMEs in Vietnam

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A loan package worth up to $80 million has been signed by the Asian Development Bank (ADB) and Lien Viet Post Joint Stock Commercial Bank (LPBank) to increase financing options for a project involving women-owned small and medium-sized companies (WSMEs) in Vietnam. The financing consists of a $30 million loan from ADB’s regular capital resources …

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Industries require a steady supply of gas and electricity

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To protect and expand domestic industry, local company owners and industrialists have urged the government to ensure that businesses have a consistent supply of gas and electricity. The request was made during the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) Standing Committee meeting on Monday about the development and preservation of regional industries. …

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Experts advise choosing recycled clothing to increase exports

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Speakers at an event suggested that Bangladesh should soon begin producing recycled clothing that complies with international environmental safety standards in order to increase its exports to the European Union (EU). They contend that modifications to trade patterns typically bring about important adjustments to a country’s political systems, economic structure, and degree of technological advancement, …

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Addressing the Health and Environmental Risks Associated with the Textile Industry: Dyeing for Change

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Despite its reputation for adding vivid colors to textiles, the textile dyeing industry poses serious risks to human health and the environment. This article explores the many problems the dyeing industry raises and looks at how it affects the environment and public health. It reveals the way forward for this vital business in the direction …

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EU textile regulations will function more effectively if trade partners take action.

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Panelists at a meeting last month in Brussels stated that EU restrictions on waste exports and textiles will be more successful if they are accompanied by initiatives to increase the capacity of producers in important EU textile trading partners, such as India. This is particularly true for small-scale producers, who adhere to the majority of …

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To improve color development in fabrics, Archroma presents COLOR MANAGEMENT+

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With the launch of COLOR MANAGEMENT+, Archroma has improved color design and development software that helps mills and textile and fashion businesses collaborate for greater environmental and economic sustainability. Archroma COLOR MANAGEMENT+ includes the widest range of pre-made color atlases available in the industry, top-notch design tools, and specialized services to facilitate rapid color creation …

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A cooperative initiative is launched by BUFT, University of Groningen, and BAE

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The Bangladesh Apparel Exchange (BAE), the University of Groningen in the Netherlands, and BUFT worked together to develop the “Circular Textile Hackathon,” an innovative program, at the permanent campus of BGMEA University of Fashion and Technology in Nishatnagar, Turag, Dhaka. This project, which is supported by the Dutch Agency for Entrepreneurship (RVO) and is a …

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In an effort to reduce return rates, True Fit presents Fit Hub gen AI solutions

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To address retailers’ online fit difficulties, True Fit, an AI-powered sizing platform, is launching Fit Hub, a generative AI (GenAI) solution that combines all size and fit product information. Fit Hub provides extremely accurate fit assistance by combining AI insights with True Fit’s Fashion Genome, the largest linked dataset globally with 82 million shoppers and …

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Significant reduction in freshwater use by Bangladesh’s garment sector

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Through the IFC-led “Partnership for Cleaner Textile” (PaCT) program, over 450 textile and ready-made garment (RMG) firms in Bangladesh have drastically reduced their yearly freshwater usage by 35 billion liters. Furthermore, the annual wastewater output from these firms has been reduced by 29 billion liters. The International Finance Corporation (IFC) announced on the occasion of …

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