Mayu Saini

4 days ago | sourcingjournal.com | Mayu Saini

With a landslide victory in the election last weekend for the presidency of the powerful Bangladesh Garment Manufacturers and Exporters Association (BGMEA), Mahmud Hasan Khan Babu, managing director of Rising Group, is now on tap to take the reins. The win is all the more momentous as he is the leader for the Forum Panel which has largely been the underdog in terms of BGMEA leadership; the opposing Sammilito Parishad has been winning a majority of the elections for the last two decades.

2 weeks ago | sourcingjournal.com | Mayu Saini

The United States and Vietnam have concluded a second round of trade negotiations according to Vietnam’s trade ministry, which noted significant progress being made in talks scheduled from May 19-22 in Washington. In a statement on Thursday, the trade body said that both sides engaged in substantive discussions on all agenda items outlined ahead of the session. Vietnam faces one of the highest tariff impositions announced by president Trump’s administration in April, at 46 percent.

1 month ago | sourcingjournal.com | Mayu Saini

After three years of negotiations a long anticipated free trade agreement (FTA) was signed between the the UK and India on Tuesday. While it will be a huge step up for bilateral trade, it will particularly help certain sectors like textile and apparel and footwear which will have zero percent duties under this agreement—down from the present tariff of up to 12 percent.

1 month ago | sourcingjournal.com | Mayu Saini

As earthquake tremors hit Istanbul and surrounding areas on Wednesday afternoon, including a 6.2 magnitude shakeup, people reacted quickly, leaving buildings and running into the streets. Most offices were fortunately not open as it was a national holiday in Turkey. “Small tremors continue,” an apparel industry spokesperson told Sourcing Journal, adding that anxieties were running high. Schools were announced closed for two days, leaving factory workers in the region anxious.

1 month ago | sourcingjournal.com | Mayu Saini

As Chinese President Xi Jinping embarked on his three-country visit last week, it was clear that China had wasted no time in picking up on the discontent that has exploded in South East Asia after the announcement of steep U.S. tariffs on the region earlier this month.