Primark’s H1 results, announced on April 17, make it the first British retailer to achieve over a billion dollars’ annual profit from selling clothes. All without a single online sale.
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The Trump administration’s stances on the TPP in April probably established an all-time record for policy U-turns. The TPP’s major members, though, made real progress with the EU
During April 2018, two five-year old clothing industry scandals involving corrupt South Asian governments played themselves out.
Bangladesh Alliance executive director Jim Moriarty said in late March that 88% of factory remediation is complete, with 84% of items most critical to life safety covered.
The volume of the $255 bn worth of clothing (measured in numbers of garments) imported in 2017 into the key developed countries (Japan, the US and EU – JUSEU) fell 3.1%, according to the 2017 edition of Clothesource Tradetrak.
On March 15, the UN’s Committee for Development Policy announced that Bangladesh had met all three criteria for graduating from the group of least-developed countries (LDC).
A joint statement from UK and EU negotiators on the progress of the Brexit talks in early December said the United Kingdom will maintain full alignment with rules of the Internal Market and the Customs Union.
The EU’s General Affairs Council agreed its timetable and directives for Britain’s exit negotiations on May 22, as the major UK and EU negotiators appeared to take strongly conflicting positions on their content.
The European Union has reinstated Sri Lanka to its GSP+ programme, a special arrangement under the Generalized Scheme of Preferences aimed at encouraging sustainable development and good governance.
US Trade Representative Robert Lighthizer on May 17 formally notified Congress of the administration’s intention to renegotiate the North American Free Trade Agreement with Canada and Mexico.
Donald Trump’s promised tax reform plan turned out on April 26 to be a content-free, single-sided, list of aspirations. The list made no mention of border taxes.
Donald Trump revealed he plans to announce major tax cuts by the end of April – but most commentators believe his announcement must delay any talk of border taxes.
Donald Trump’s team during April began announcing practical programmes for dealing with the trade issues they’d previously been merely vocal about:
On April 18, Britain’s Prime Minster, Theresa May, called a general election for June 8.