GENEVA — The European Union came under attack in the World Trade Organization Friday from China, India and other developing exporting nations for continuing to keep in place a plethora of import-restrictive barriers on textiles and clothing...
GENEVA — The European Union came under attack in the World Trade Organization Friday from China, India and other developing exporting nations for continuing to keep in place a plethora of import-restrictive barriers on textiles and clothing products.Sun Zhenyu, China’s WTO ambassador, said his country is "extremely concerned" with the manner in which the EU has implemented the Agreement on Textiles and Clothing and underscored that although seven-and-a-half years have passed, "most of the EU’s quota restrictions" are still in place.In a similar vein, the Indian delegation argued that the EU "has practically kept quotas on all the categories. India believes that this approach goes against the spirit of the ATC."A report on the EU Trade Policy regime by the WTO secretariat notes that the share of restricted imports that the EU has eliminated so far in the first three stages of the ATC is 20 percent, "leaving 80 percent for the final elimination scheduled for the end of 2004."The report adds that the figures tend to show the EU has "back-loaded" the liberalization of the quantitative restrictions that under the terms of the ATC accord must be terminated by the end of the 10-year transition period on Jan. 1, 2005, "while meeting the letter of the commitments on integration."Hong Kong said that while the simple applied-tariff rate for nonagricultural products has come down from 4.5 in 1999 to 4.1, in the case of textiles and clothing products, they remain high in comparison with other industrial products. The EU tariffs for the more common textiles and clothing products — such as men’s and boys’ shirts, trousers, knitted shirts, knitted blouses and T-shirts — Hong Kong said are all at 11.9 percent and urged the 15-member EU "to consider expeditious actions to reduce the tariff rates for textiles and clothing products to narrow the gap."China and Hong Kong took the floor to complain that, in some instances, the EU has eliminated textile and quota restrictions on non-WTO members, while keeping them in place for WTO members.
Exclusive: @dsquared2 signs fragrance licensing agreement with Euroitalia, with the first effort of the new partnership being unveiled in September. The brand will launch two scents – one for men and one for women – in Italy. Read our interview with designer Dean and Dan Caten on WWD.com. #wwdbeauty #wwdnews (📷: @zefashioninsider)
@louisvuitton has officially renewed Nicolas Ghesquière’s contract as artistic director of women's collections. "I am very pleased to open the next chapter of the story I started with Louis Vuitton almost 5 years ago," said Ghesquière, who first signed on to design the French luxury brand's women's line in 2013. Get all the details on WWD.com. #wwdnews #wwdfashion (📷: @giovanni_giannoni_photo)
“I learned then and there that I had to figure out a way in life to maintain and preserve my sense of pride when I felt good about what I did or what I represented or created,” said @saintrecords on how being bullied for wearing capri pants inspired her to be the artist she is today. Knowles was at the 70th Parsons Benefit last night where she outbid the room for a Dapper Dan customized @gucci experience. #wwdeye (📷: @lexieblacklock)
“There’s this amazing braintrust of people who know the whole universe so well. So we talked to them and they gave us more input,” said actor Alden Ehrenreich on playing the young Han Solo in “Solo: A Star Wars Story.” The cast was at NYC’s SVA Theatre last night for an advanced screening of the film, which hits theaters this week. #wwdeye #starwars #hansolo (📷: @aurorarosedecrosta)
@asaprocky spent nearly two hours in a Plexiglas box Sunday night at @sothebys putting himself through a series of “tests” to demonstrate the process of completing his new album called “Testing.” Get all the details and see all the pictures on WWD.com. #wwdeye
“I’ve struggled my whole life to find a bathing suit that fits me that doesn’t look like a maternity bra. I’m proud of the line because it’s an accurate representation of me rather than me putting on someone else’s clothes,” says @atlantabean of her swimwear collaboration with @piaarrobio, LPA X ATL. The two decided on a swimwear collab and increased the industry standard size for the pieces. Read more about the line — and our interview with de Cadenet Taylor and Arrobio — on WWD.com #wwdfashion
Exclusive: Cate Blanchett has been named the first global beauty ambassador for @armanibeauty. Blanchett has been the face of the brand’s Sì fragrance franchise since 2013, and is now representing all of the label’s beauty categories including makeup and skin care. #wwdbeauty (📷: @zefashioninsider)