NEW YORK — For the past decade, the coming end of quotas on apparel and textiles was pitched as a great development opportunity for much of the Third World. But private and public sector leaders are now raising concerns that rather than being a boost, the changes could cost millions of jobs in many desperately poor nations that can ill afford to lose them.
That’s because if the handful of nations, including China, realize the substantial market share gains that are expected after the nations of the World Trade Organization drop their textile and apparel quotas Jan. 1, their growth will result in many other developing nations losing apparel exports. For many nations, apparelexports are a critical source of foreign exchange earnings and employment.
Issa Rae stopped by WWD's NYC headquarters to talk about season two of "Insecure," which premieres this Sunday on HBO. Click link in bio for all the details. #wwdeye (📷: @jgreenery; Styled by @mayteallende)
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"