Xinjiang ban, forced labor claims accelerate China’s plans for own Better Cotton Initiative
“All cotton garments will eventually be tagged with a QR code which will show ‘the entire supply chain,’ according to Zhao. ‘By scanning the QR code, you will be able see which farm the cotton is grown in, which cotton processing factory and yarn plant it went to next, and you can even trace how much fabric was purchased in the same batch,’ Zhao said.”
[South China Morning Post]
European Parliament gives initial backing to UK trade deal
“If there is no vote this month and provisional application of the agreement is not extended, then the trade deal would cease to apply, leaving Britain and the European Union to trade on World Trade Organization terms with tariffs and quotas.”
[Reuters]
South Korea seeks to tackle rising non-tariff trade barriers
“Members of the World Trade Organization (WTO) issued 1,023 technical barriers to trade (TBT) over the January-March period, up 7 percent from a year earlier, according to the data compiled by the Ministry of Trade, Industry and Energy. TBTs, which include consumer safety standards, energy and environmental requirements, are often used as non-tariff restrictions on exports.”
[The Korea Herald]
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