The European Commission has issued a decision imposing a total fine of €5.7 million on Pierre Cardin and the brand’s main licensee, Ahlers, for engaging in anticompetitive practices. The practices restricted cross-border sales of Pierre Cardin clothing and the category of sellers to which Pierre Cardin licensed clothing could be sold.

HKTDC conducted a survey with nearly 368 buyers and exhibitors at CENTRESTAGE 2024. The results show that while the fashion businesses remain neutral about short-term market prospects, there is more optimism over the medium term. Fashion accessories have been identified as the segment with the greatest potential.

The Bangladeshi government has announced that renewable energy projects in the country will get a 10-year tax exemption. The National Board of Revenue (NBR) issued a notification on 29 October 2024 granting renewable energy projects 100% tax exemption for the first five years, 50% for the next three, and 25% for the following two years. The tax holiday will apply to power plants starting commercial operations between 1 July 2025 and 30 June 2030. Eligible plants are those built under the build-own-operate (BOO) model outlined in the Private Sector Power Generation Policy. The plants should meet all policy conditions and be operated according to the policy guidelines.

The region’s top fashion event hosted leading designers and awards – with local talent winning acclaim for knitwear and sustainability.

Hong Kong’s leading fashion event overcame Typhoon Yagi to put on successful and stylish shows, with exhibitors reporting sunny prospects.

President Biden has imposed a Section 201 safeguard measure on imports of fine denier polyester staple fibre after the USITC concluded that this fibre is being imported into the U.S. in such increased quantities as to be a substantial cause or threat of serious injury to the domestic industry producing a like or directly competitive article.

U.S. Customs and Border Protection will accept public input through 30 November on separate proposals to modify the tariff classifications of certain women’s pants and video goggles.

The U.S. Department of Homeland Security announced on 31 October that a major Hong Kong textile and apparel company and two of its mainland China-based subsidiaries have been added to the Uyghur Forced Labor Prevention Act Entity List for sourcing cotton from the Xinjiang Uyghur Autonomous Region. Accordingly, effective 1 November goods produced by these entities are prohibited from entering the U.S.

Changes to the tariff classification of certain textile fabrics and pillows that were adopted recently by CBP means that imports of these products entered or withdrawn from warehouse for consumption on or after 9 December will benefit from lower duties.

The European Environment Agency (EEA) published, last month, a briefing that outlines the impact of the ongoing move to restrict the use of polyfluorinated alkyl substances (PFAS) on the textile industry. This briefing is supported by a larger report commissioned for the EEA and is in line with research undertaken by other agencies, such as the European Chemicals Agency (ECHA).