Mamo warned an AGOA suspension would hurt U.S. companies trying to diversify production from Asia by relocating or expanding to Ethiopia.
Though Ethiopia would suffer from a AGOA suspension; retailers will find alternatives despite the havoc from COVID-19, said Neil Saunders, a Conlumino analyst. An H&M spokesperson said the company was following developments regarding AGOA carefully, but it was too early to comment. In December, H&M said its long-term manufacturing and sourcing strategy involves Ethiopia and it did not plan to change. But its Ethiopia production is comparatively small.
A senior PVH official previously said the 10-year renewal of AGOA in 2015"was a critical factor in PVH's decision to invest", according to a 2017 case study of PVH in Ethiopia published by the World Bank and co-authored by Mamo.
Belgique Dernières Nouvelles, Belgique Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Oil falls after stocks rise more than expectedIndustry data shows crude stockpiles increased and fuel inventories in the US rose last week
La source: BDliveSA - 🏆 12. / 63 Lire la suite »
MARKET WRAP: JSE weakens as US-China tensions flareGlobal stocks under pressure as US regulator revokes China Telecom’s authority, stoking fears of an escalating trade row
La source: BDliveSA - 🏆 12. / 63 Lire la suite »
Physios’ legal bid to stop medical scheme clawbacks could ruin industry, warns expertBut the SASP says the law gives too much power to schemes and administrators as they both investigate and adjudicate claims suspected to be fraudulent or erroneous
La source: BDliveSA - 🏆 12. / 63 Lire la suite »