Fashion
US swimwear imports dip to $420 mn in Jan-July amid lower prices

US swimwear imports dipped slightly to $420.1 million in January–July 2025 despite higher volumes, as average prices softened to $55.66 per dozen.
Demand shifted towards basic, value-driven swimwear amid cautious consumer spending.
Vietnam overtook China as the top supplier with a 31.8 per cent share, reflecting ongoing sourcing diversification and cost advantages.
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Fashion
EU welcomes Vietnam to WTO’s alternative arbitration arrangement

The arrangement guarantees participants access to a dispute settlement system, in the absence of a functioning Appellate Body in the WTO. It ensures that rules can be enforced and trade disputes resolved in an orderly way, without appealing ‘into the void’ at the WTO.
“I welcome Vietnam among the MPIA’s participants. The MPIA supports rules-based trade, and each new adhesion increases the stability of multilateral trading relations. I stress that the MPIA is open to all WTO members,” commissioner for trade and economic security Maroš Šefcovic said.
The EU welcomed Vietnam’s accession to the WTO’s Multi-party Interim Appeal Arbitration Arrangement (MPIA), which now includes 58 members covering 59.5 per cent of global trade.
The MPIA provides a functional dispute settlement system amid the WTO Appellate Body’s inactivity.
It ensures rule enforcement and fair arbitration, with independent experts hearing appeals.
The MPIA was put in place in 2020 and has since proven its effectiveness in many WTO disputes, most recently in the EU dispute with China on the enforcement of intellectual property rights.
Under the MPIA, appeals are heard by arbitrators selected randomly from the pool of 10 set up by the countries participating in the MPIA. It comprises persons of recognised authority, with demonstrated expertise in law, international trade and the WTO agreements. It is open to all members, to offer a practical tool for appeal arbitration, pending the restoration of a reformed and fully functioning WTO dispute settlement system, the European Commission said in a press release.
As of June 1, 2025, the MPIA has an updated pool of appeal arbitrators to ensure that appeals are heard by independent arbitrators of the highest calibre.
The current MPIA members are Australia, Benin, Brazil, Canada, China, Chile, Colombia, Costa Rica, Ecuador, the European Union (and its Member States), Guatemala, Hong Kong (China), Iceland, Japan, Macao (China), Mexico, Malaysia, Montenegro, New Zealand, Nicaragua, Norway, Paraguay, Pakistan, Peru, the Philippines, Singapore, Switzerland, Ukraine, the United Kingdom, Uruguay and Vietnam.
Fibre2Fashion News Desk (RR)
Fashion
$13.4 bn in investments announced at 1st UK Regional Investment Summit

Nearly a thousand jobs are to be created in a major boost to UK communities after over $13.4 billion in investments were announced yesterday at the first Regional Investment Summit in Birmingham.
Major investments are planned in life sciences, AI and innovation.
New investments include a Crown Estate acquisition in Oxfordshire for increased laboratory and manufacturing space.
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Fashion
Engineering circularity through thermal disassembly

A cutting-edge textile technology is transforming end-of-life management by embedding circularity at the design stage.
It enables up to 95 per cent textile recovery and significant water savings.
Eco-design framework ensures products are built for circularity, minimising waste and boosting recyclability.
The scalable hub model connects design, collection, and recycling globally.
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