GENEVA — Reflecting fierce competition in global markets and calls for relief by domestic producers, rich and emerging nations launched 39 percent more new antidumping investigations in the first half of 2008 compared with the same period last year, the World Trade Organization said. Textiles was among the most affected products.
According to the latest WTO assessment of notifications received, 20 new investigations were launched against textiles exports by seven countries, with China and other Asian countries the most targeted. Dumping occurs when an exporter sells goods abroad at a lower price than in the country of origin or at below cost.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)