News / Economic News


UK agree trade deal with South Korea

The UK and South Korea have agreed a post-Brexit deal, which would mean that the two countries will maintain trade based on their existing free trade agreement with the EU.

Read More


Sri Lanka Granted GSP Plus Status by EU

Already a regular inclusion on many apparel buyers order book, the Sri Lankan textile sector has been given a significant boost with the EU granting it GSP Plus (GSP+) status as of Friday.

Read More

Indian service tax

Lines collecting disputed Indian tax

In a controversial move the Indian government have implemented a ruling which makes UK exporters selling on a freight-paid basis liable for a domestic tax that the shipping lines are collecting directly from the shippers.

Read More


GSP updates for 2017

GSP changes coming into force from 1/1/2017 to 1/1/2019 show that India will lose preference benefit for a range of products including textiles.

Read More


Working through Brexit

Now that Britain has voted to leave the EU, it is inevitable that we will experience a period of uncertainty as the politicians sort themselves out and we open negotiations on the form of our future relationships with Europe. 

Read More


Fashion sector braced for Brexit

A survey published this week by The British Fashion Council found that 90% of their leading British fashion designers wanted to remain in the EU, with just 4.3% supporting the leave campaign.

Read More

Drapers China infographic

China slowdown a challenge for UK retailers

China has long been lauded for its huge retail sales potential.

Its rapidly expanding middle class and increasingly urbanised population are a ripe market for international and luxury brands.

Read More