Vietnam’s Ministry of Industry and Trade (MOIT) recently made public a cautionary note from Mexico that the latter may deny preferential tariffs to consignments already issued with a Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) certificate of origin (C/O) if the exporter has not registered or updated required trader information.

The ministry’s export and import department notified C/O-issuing organisations and the Vietnam Textile & Apparel Association (VITAS) of the need for textile and apparel exporters to Mexico under the CPTPP to register and update trader information.

Under the Vietnam-Mexico bilateral Textile and Apparel Monitoring Programme within the CPTPP, exporters must register and update trader information on exports of textiles and apparel to Mexico.

Vietnam recently made public a cautionary note from Mexico that the latter may deny preferential tariffs to consignments already issued with a CPTPP certificate of origin (C/O) if the exporter has not registered or updated required information.
A review showed that many textile-apparel exporters to Mexico have obtained CPTPP C/Os, but have not carried out the registration and updates.

A review showed that many textile and apparel exporters to Mexico have obtained CPTPP C/Os, but have not carried out the required registration and updates, a domestic media outlet reported.

The department also urged VITAS to inform members about the monitoring programme requirements and Mexico’s note.

Fibre2Fashion News Desk (DS)

Imports of textile yarn, fabrics, and made-up articles (classified under code **) declined by *.** per cent to Au$*** million (~$***.** million) in July ****, compared with Au$*** million in the same month of the previous fiscal. In contrast, fibre imports (classified under code **) rose to Au$** million, from Au$** million a year earlier.

Meanwhile, Australia’s exports of textile fibres (code **) were valued at Au$*** million (~$***.* million) in July ****, a *.** per cent decrease from Au$*** million in the corresponding period of the previous year.

French textile group Compagnie Chargeurs Invest posted first-half sales of 372.2 million euros. This represents a contraction of 0.6%, and 1.7% on an organic basis, after a first quarter marked by growth.

While the group reported strong growth for its Museum Studio (+17.9%) and Personal Goods (+21.1%) divisions, as well as positive momentum for Novacel, it pointed to a “wait-and-see attitude on the part of Chargeurs PCC customers (interlinings and components for fashion and luxury goods, editor’s note) linked to uncertainties over customs duties”.

Thus, in the second quarter, PCC’s sales fell organically by 12.2%, and even by 15.5% for Luxury Fibers. For the group as a whole, this resulted in a gross margin for the first half of the year of just 0.6% at 99.9 million euros, while Ebitda contracted by 2% to 29 million euros, representing 7.8% of sales.

The group reports that it is studying “several expressions of interest” in Novacel, which is being considered for sale. “These expressions of interest reflect the market’s recognition of an asset that has been profoundly transformed over the last ten years,” said management.

Last May, the group announced that it had raised €108 million in new financing. This followed a takeover bid for the company’s shares in 2024 by its own CEO.

The group generated sales of 729.6 million euros in fiscal 2024. This represents a growth of 11.9%, and 10.7% in organic terms. Compagnie Chargeurs Invest recently announced the appointment of Carla Bruni-Sarkozy to its board of directors.