Home / Knowledge / News / Apparel/Garments / IAF welcomes Bali agreement
IAF welcomes Bali agreement
10
Dec '13
The International Apparel Federation welcomes the new WTO multilateral trade agreement that has been reached in Bali. The ‘trade facilitation’ package, the prime component of the agreement, is certainly beneficial to the global apparel industry.

This industry has probably the most internationalized supply and demand structure in the world, and with a growing market share of large retail chains and brands with a global presence, internationalization is increasing still.

The OECD Trade Facilitation Indicators estimate that comprehensive implementation of all trade facilitation measures agreed to in Bali would reduce total trade costs by 10% in advanced economies and by 13-15.5% in developing countries. Currently, complicated border processes and excess red tape raise costs, which ultimately fall on our businesses and on our consumers. Reducing these costs is a large benefit to the apparel industry.

The IAF also welcomes the fact that this WTO agreement shows that the agricultural sector does not always block advances in multilateral trade agreements, as has happened too often in this Doha Round.

It also serves as a wakeup call to the apparel industry that despite the real progress that is being made in multi- and plurilateral trade agreements, the multilateral trade agenda deserves more attention.

The IAF, representing the apparel industry in all continents, will boost the discussion among its members about the desired direction for the apparel industry of further multilateral trade negotiations.

With a retail value of over 1.3 trillion US$, much of which crosses borders, the apparel industry is well placed to reap a large benefit from the Bali agreement and could potentially benefit from the revival of multilateral trade talks that seems to be emerging from the Indonesian island of Bali.

International Apparel Federation (IAF)


Must ReadView All

15 trade associations urge nations to safeguard WTO system

Apparel/Garments | On 15th Dec 2017

15 trade associations urge nations to safeguard WTO system

Fifteen trade and industry associations from across the world have...

India’s cotton output projected at 377 lakh bales

Textiles | On 15th Dec 2017

India’s cotton output projected at 377 lakh bales

India’s cotton output in the 2017-18 season is likely to increase by...

Ethiopia’s Kombolcha Industrial Park attracts foreign firms

Apparel/Garments | On 15th Dec 2017

Ethiopia’s Kombolcha Industrial Park attracts foreign firms

Strategic location, modern factory facilities and proximity to the...

Interviews View All

Nitin Soni
Dolphin Jingwei Machines

Taxation policies need to be made simpler

Representatives
Textile & apparel industry

GST is a complicated and lengthy process

Claudia Kersten
Global Organic Textile Standard

‘GOTS is a very efficient supply chain management tool, especially for...

Riddhi Jain

Conceived in Europe and curated in New Delhi, NeceSera is a...

Harmeet Singh

New Delhi-based Jogindra Industries Private Limited provides an assortment ...

Abhishek Pachauri

Reckon Industries adapts latest systems for manufacturing from designing...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Amiben Shroff
Shrujan

From its modest beginning in the late 1960s, Shrujan has grown into a...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

December 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
69.6%
No
12.0%
Skip
18.5%

Total Votes: 92

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
62.0%
No
30.4%
Skip
7.6%

Total Votes: 92

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.0%
No
9.8%
Skip
3.3%

Total Votes: 92

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
81.5%
No
8.7%
Skip
9.8%

Total Votes: 92


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search