COLLECTED NEWS

US Fabric Act

The United States garment sector is a $9 billion industry employing 95,000 people, a fraction of its heyday, but Made in USA clothing is on the rise. As such, on May 13, 2022, US Senator Kirsten Gillibrand (D-NY) introduced the Fashioning Accountability and Building Real Institutional Change (FABRIC) Act, which proposes major incentives to accelerate domestic apparel manufacturing and new workplace protections to cement the US as the global leader in responsible apparel production. Senator Cory Booker (D-NJ), Senator Elizabeth Warren (D-MA) and Senator Bernie Sanders (D-VT) are co-sponsors.

Briefing on Textile & Environmental by EU Parliament

This briefing expands on and updates a 2019 EPRS briefing Environmental impact of the textile and clothing industry: What consumers need to know.

IN THIS BRIEFING

• Changing the ways European consumers use their clothes • The EU’s textiles and clothing industry • Environmental issues • Possible ways forward • EU policy • European Parliament positio

OEKO-TEX® New Regulations 2022

To promote progress and data exchange along the global supply chain, OEKO-TEX® has launched the Impact Calculator in consideration of achieving a target of reducing minimum 30 percent carbon emissions by 2023. The tool measures the carbon and water footprint of each process step, the overall process and one kilogram of material/product.“Transparency is the decisive factor to measure and reduce greenhouse gas emissions and water consumption in supply chains“ explains Secretary General Georg Dieners. “Providing tangible solutions for industry’s challenges is the guiding principle behind OEKO-TEX’s 30 years of commitment to companies and consumers.

Bangladesh Textile sector to enjoy reduced tax of 15% till 2025

Bangladesh Finance Minister AHM Mustafa Kamal has proposed an extension of the existing reduced 15% corporate tax for the textile sector for another three fiscal years, subject to its compliance with some conditions.

During presenting the budget proposal for FY2022-23, he said that the prevailing tax rate for the textile sector stands at 15%, and the Statutory Regulatory Orders (SROs) to this effect expires on 30 June 2022.