GENEVA — Developing countries that are major textile and apparel exporters, such as China, India and Vietnam, are lagging behind on removing barriers to enhance the flow and efficiency of international trade, according to a report from the World Economic Forum.
The report measures how 118 economies worldwide are performing on facilitating the free flow of goods.
Hong Kong, Singapore and Sweden occupy the top three spots on how nations are performing in four key areas: market access, border administration, transport and communications infrastructure and business environment. The U.S. is 14th, with "The Global Enabling Trade Report" noting that while the world's biggest economy benefits from strong transportation and infrastructure, ranked third worldwide, the country's border administration, "is seen as comparatively burdensome (ranked 42nd) and there is high cost to import (ranked 65th). In addition, there are some concerns about security in the country."
With the exception of top-ranked Hong Kong, most key textile and apparel exporting nations are positioned far down the rankings. Among those, Turkey is rated 38th, followed by Mauritius at 40th, while the world's biggest apparel exporter, China, is positioned 48th. India is 71st, Pakistan is 84th and Vietnam is 91st.
In the case of China, the report asserts, its ranking "is fairly low" for one of the world's most successful exporters. This highlights a number of underlying weaknesses in its economy and trade regime, the WEF said.
While the availability of transport services are among the best in China (ranked 17th), its border administration is fairly efficient and importing products is not costly, the report said that "particular concern when exporting and importing is the lack of transparency of border administration, which can be particularly heavy for foreign business."
Another drawback sited is that "imports are still severely inhibited by tariff and non-tariff barriers."
The WEF report shows that one North American Free Trade Agreement partner, Canada, is ranked fifth, while Mexico, which is "hampered by a fairly high tariff rate" and costly import procedures, is positioned 65th. In the case of Mexico, "moving one container over the border costs seven times more than the best-performing country on this indicator, Singapore," the report said.
@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
For @massimogiorgetti of @msgm, the Nineties are his favorite decade. “They had a huge impact on my personal growth. What I like of the Nineties is that they are not so precise in terms of style as other decades…there was actually a bit of everything,” he said. As seen on MSGM’s Spring 2018 show: tie-dye and a bit of grunge, two styles that are synonymous with the decade #wwdfashion #wwddecades (📷: @kukukuba)
Breaking News: @hedislimane joins @celine as its new artistic, creative and image director. One of fashion’s preeminent image-makers and trendsetters, Slimane is to join the LVMH brand on Feb. 1 and unveil his first fashion proposition for men and women next September during Paris Fashion Week. It marks a major homecoming for Slimane, who cemented his reputation – and influenced men’s tailoring for more than a decade – as the designer of Dior Homme between 2000 and 2007. He went on to reinvent and ignite the house of Yves Saint Laurent, which he rechristened Saint Laurent, between 2012 and 2016 – all the while maintaining a close relationship with the Arnault family, which controls LVMH and Dior. Read the full exclusive story on WWD.com. Link in bio. #wwdnews #wwdfashion
“Personally I believe the Eighties have been the richest and more vivacious period for international fashion,” Giorgio Armani said when asked what his favorite decade of fashion is. It was a moment of disruption and experimentation and only thinking back to the first years of that decade is always an emotion for me, for what they have meant to me and my work.” The influence is clear in @giorgioarmani spring 2018 collection, pictured here, which was full of bright colors and unexpected prints. Read more about which decades designers loved most on WWD.com #wwdfashion #wwddecades (📷: @aitorrosasphoto)
For Lady Gaga’s only Italian show on her “Joanne World Tour,” the singer wore a range of @versace_official outfits. The standout piece: this custom-made bodysuit inspired by the brand’s spring 2018 collection. #wwdfashion (RG: @ladygaga)
@_camillaruth_ is expanding on the wellness-craze concept with @westbourne – a new NYC restaurant that’s both a healthy-minded café as well as a business that gives back to the community. Marcus works with the Robin Hood foundation to give back to The Door, a non-profit providing youth development services, and also hires employees through The Door. Read our full interview with Marcus on giving back through food on WWD.com. #wwdeye (📷: @lexieblacklock)