Home / Knowledge / News / Apparel/Garments / 66 organisations urge govts to address COVID-19 crisis

66 organisations urge govts to address COVID-19 crisis

30
Apr '20
Pic: Shutterstock
Pic: Shutterstock
The American Apparel & Footwear Association (AAFA) and 65 industry groups representing the textile, apparel, footwear, travel goods and fashion industry recently urged governments and international financial institutions for coordinated efforts to address the economic crisis caused by the COVID-19 pandemic. The groups are from every part of the global supply chain.

As companies have closed retail locations in response to social distancing needs, revenue used to employ millions of workers around the globe has dried up. This lost revenue has had knock-on effects through the global supply chain.

To respond to this economic crisis, the groups requested governments and international financial institutions to enact temporary stimulus measures to ensure liquidity; undertake temporary duty deferral and tariff relief to support liquidity and cash flow, and keep workers employed; and refrain from imposing new trade restrictions and not impede production or delivery of personal protection equipment (PPE), its intermediate products, or raw materials.

In the statement, the organisations recognised that many of these items were addressed in a G-20 statement released in March, but add that, “words mean a lot, but the actions will determine how fast and how well we can emerge from this crisis.”

“Companies are desperate for cash to pay their workers and suppliers, while at the same time access to revenue is down due to closed stores,” said AAFA president and chief executive officer Steve Lamar in a press release.

Fibre2Fashion News Desk (DS)


Must ReadView All

Pic: Shutterstock

Apparel/Garments | On 26th Nov 2020

Bangladesh wants duty-free entry of 42 products into Nepal

Bangladesh has sought duty-free entry of 42 products, including...

Pic: Shutterstock

Textiles | On 26th Nov 2020

Curbs on exports to China may cripple Oz wool industry

The Australian wool industry may witness a crippling effect of...

Pic: Shutterstock

Retail | On 26th Nov 2020

BRC hails UK govt decision to open all retail after Dec 2

In response to Prime Minister Boris Johnson's announcement that all...

Interviews View All

Vasanth Kumar, Max Fashion India

Vasanth Kumar
Max Fashion India

‘Traditional high-street retailers are now willing to offer franchisees to ...

Deepak Jain, Baggout

Deepak Jain
Baggout

We are using Facebook and Instagram to promote ourselves

Textile Industry, Head honchos

Textile Industry
Head honchos

Tech in fashion industry has hit acceleration button

Tom Adeyoola,

Tom Adeyoola

Describing itself as the best body shape and garment fit company in the...

Michael Van Den Dolder,

Michael Van Den Dolder

Family-owned German textile machinery manufacturer Trützschler operates...

Devendra Gupta,

Devendra Gupta

Reforce, a start-up based in Gurgaon, aims to revolutionise the fitness...

Michael Jaenecke, Messe Frankfurt

Michael Jaenecke
Messe Frankfurt

From May 14 to 17, international exhibitors will present the entire...

Davide Vigano, Sensoria

Davide Vigano
Sensoria

Sensoria is a leading developer of smart garments and IoMe (Internet of...

Johan Berlin, InvestKonsult Sweden AB

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Prathyusha Garimella, Prathyusha Garimella

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Amiben Shroff, Shrujan

Amiben Shroff
Shrujan

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

Madhu Jain, Madhu Jain

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

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

Leave your Comments


November 2020

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


Advanced Search