The Cambodian Garment Manufacturers’ Association (GMAC), the Cambodian Footwear Association (CFA) and the European Union Chamber of Commerce in Cambodia (EuroCham) have recently signed a joint letter to the European Commission requesting that the European Commission extend its EBA privileges for 12 months.
According to the Cambodian Garment Manufacturers’ Association, the Cambodian Footwear Association and the European Union Chamber of Commerce in Cambodia, the COVID-19 outbreak has disrupted production and reduced global demand, causing severe losses to the Garment, shoe and travel goods manufacturing industries in Cambodia.
Production at Cambodia’s 250 garment, shoe and travel goods businesses has been halted and more than 130,000 workers, mostly women, have lost their jobs.
In the first quarter of this year, many customers in Cambodia canceled orders for clothing, footwear and travel supplies. Therefore, the sales volume of the above products will drop by 50%-60% year on year this year.
Van Sou Ieng, chairman of the Cambodian garment manufacturers’ Association, said the industry would be “worse off” if the EU insisted on revoking some of the EBA’s preferential treatment on August 12.
Arnaud Darc, President of the European Union Chamber of Commerce in Cambodia, said the COVID-19 outbreak has a serious impact on the global economy, including Cambodia. The EU is Cambodia’s largest trading partner, accounting for 45 percent of the country’s total merchandise exports to the EU in 2018, worth $5.5 billion.
Adidas decided to close all of its U.S. stores again
German sportswear brand Adidas has decided to close all its US stores again to avoid further damage after stores in Los Angeles, Chicago and New York were looted in varying degrees over the weekend, US media reported. CEO Kasper Rorsted said earlier that the outbreak has had a serious impact on the global retail sector and that serious challenges lie ahead.
Adidas’s sales fell 19 per cent in the three months to the end of March from a year earlier to 4.75bn euros, but the ecommerce business recorded a 35 per cent rise and the group also revealed that the recovery in China was accelerating.
Nike Inc. donated $40 million
To support the black community
In George Floyd tragedy happens, no matter in the street or on the Internet, then lifted the movement of black parity across the United States and each big brand, organization and celebrities have jump out to, and always pay attention to the diversity of Nike released the film of “Don ‘t Do It”, now back to more further action, relief to provide $40 million dollars to support the black community, the money will be widely used in promoting social justice, the elimination of racial discrimination, and education of the citizen’s organization.
“Systemic racism and the emergencies of the past few weeks across America remind us of the need for constant change in our society. We understand Black Lives Matter. We must educate ourselves more deeply about the problems facing Black communities and the immense suffering and senseless tragedies caused by racial bigotry.” “Said John Donahoe, President and CEO of Nike Inc., noting that the Nike Family has never been shy about setting an example of a diversified company and contributing to the community.
Post time: Jun-23-2020