GENEVA — The chiefs of three international agencies on Monday urged leaders of the G-20 group of nations — ahead of its two-day summit in Toronto beginning June 26 — to drop restrictive trade and investment measures imposed during the global economic downturn.
This includes restrictive and trade-distorting measures taken by textile and apparel exporting and importing nations.
“Exiting restricting measures should be a priority. A number of G-20 countries took measures that have the potential to restrict trade directly or indirectly,” said a summary of reports from World Trade Organization director general Pascal Lamy, Organization for Economic Cooperation & Development secretary general Angel Gurría and United Nations Conference on Trade & Development secretary general Supachai Panitchpakdi.
The reports cover measures taken from Nov. 1 through mid-May. G-20 governments largely have resisted pressure to enact protectionist measures during the period covered by the reports, the agencies’ chiefs said.
They said there continue to be instances “of new import restrictions and a greater use of export restrictions,” but they also acknowledge that some have taken steps to remove barriers hindering trade. Gurría warned that, with the economic recovery still fragile and unemployment high, “protectionist pressures will remain.”
In apparel and textiles, WTO analysts estimate that global exports in the sector decreased 14.8 percent last year to $498.5 billion from $585.2 billion in 2008.
The WTO said the most common trade measures used to tackle the global slump have been antidumping actions, import licensing requirements and the adoption of import duty surcharges. Antidumping investigations were launched in February by Argentina against textile and apparel imports from Brazil and China, respectively, and by Mexico in April against imports of cotton denim from China.
India reimposed a duty on exports of raw cotton and yarn that had been exempt before April 9, and Pakistan slapped on temporary export restrictions of all types of cotton yarn from March 1 to the end of this month. On the other hand, the WTO pointed out Russia cut import duties on apparel and accessories, other than fur, in half to 10 percent in December.
Taking the final spot on the mens’ portion of New York Fashion Week calendar next month will be none other than @tomford. Though he’s shown his men’s wear in New York in the past, this will mark the first time the designer has shown his men’s collection alone during New York Fashion Week: Men’s. His runway show will debut on February 6 at the Park Avenue Armory. #wwdfashion
London-based couture house @ralphandrusso has certainly been in the spotlight, having its dresses worn by @beyonce, Angelina Jolie, Meghan Markle in her engagement photos and more. For couture, Tamara Ralph focused on ornamentation — think: feathers with chain mail, jet embroidery and clusters of pearls and crystals. See the rest of the collection on WWD.com #wwdfashion #couture (📷: @giovanni_giannoni_photo)
Minnie Mouse celebrated her 90th birthday by getting her own star on the Hollywood Walk of Fame. For her celebratory luncheon, @coach’s creative director @stuartvevers dressed her in a custom made prairie dress, complete with Vever’s take on the polka dot – black sequined versions – under a cropped motorcycle jacket. The designer also put his own mark on Minnie’s classic red shoes, infusing the color with sparkles and adding some Coach crystals. “We chose colors that were very Minnie and also represented quintessential Coach elements,” said Vevers. #wwdfashion #nationalpolkadotday (📷: George Chinsee)
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@margotrobbie steps out onto the red carpet wearing @miumiu. The actress is nominated for “Outstanding Performance by a Female Actor in a Leading Role” in “I, Tonya” at the #SagAwards. (📷: Stewart Cook) #wwdfashion
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