Fashion
Bangladesh’s RMG exports rise 9.6% to $7.1 bn in July-Aug 2025
Woven garment exports slightly outpaced knitted garment exports in terms of growth. Knitwear exports (Chapter **) rose by *.** per cent to $*.*** billion, compared to $*.*** billion in the same period of fiscal ****–**. Woven apparel exports (Chapter **) increased by **.** per cent to $*.*** billion, up from $*.*** billion in July–August ****, EPB data showed.
Home textile exports (Chapter **, excluding ******) also grew, rising by **.** per cent to $***.** million, compared to $***.** million in the same period of the previous fiscal. Collectively, exports of woven and knitted apparel, clothing accessories, and home textiles accounted for **.** per cent of Bangladesh’s total exports, which stood at $*.*** billion during the period.
The updated CBAM introduces a new de minimis mass threshold, exempting imports of up to 50 tonnes per importer per year from CBAM requirements. This replaces the earlier rule exempting only goods of negligible value. According to the EU, this change will relieve 90 per cent of importers—primarily SMEs and individuals—of reporting and compliance obligations while still covering 99 per cent of total CO2 emissions from CBAM goods such as iron, steel, aluminium, cement, and fertilisers, the Parliament said in a press statement.
European Parliament has approved CBAM reforms under the ‘Omnibus I’ package, easing compliance for SMEs by exempting imports up to 50 tonnes per importer annually.
The changes simplify authorisation, emissions calculation, and verification rules while retaining 99 per cent emissions coverage for some products.
The text now awaits Council endorsement.
For goods still covered by CBAM, the law simplifies key processes including authorisation of CBAM declarants, calculation and verification of embedded emissions, and financial liability requirements. The legislation also introduces safeguards and anti-abuse provisions to ensure that emissions coverage remains intact and that the threshold cannot be misused to avoid compliance.
The legislation must now be formally endorsed by the Council of the EU. It will enter into force three days after its publication in the EU Official Journal.
CBAM is the EU’s flagship tool to ensure a level playing field between EU-made products—which are subject to the EU Emissions Trading System (ETS)—and imports from non-EU countries. It is designed to encourage foreign producers to adopt more climate-friendly production methods. In early 2026, the European Commission is set to review whether the CBAM’s scope should be expanded to cover additional ETS sectors and consider measures to assist EU exporters of CBAM-covered goods facing carbon leakage risks.
Fibre2Fashion News Desk (KD)
Translated by
Nazia BIBI KEENOO
Published
September 11, 2025
Italy is mourning the death of Francesco Trapani, the iconic luxury goods executive best known for transforming the Bulgari family business into a global leader in jewelry. He died on September 10 at his home in Rome following an illness. He was 68. Trapani was the great-grandson of Sotirio Bulgari, founder of the Roman jeweler Bulgari, and took over the reins of the company in 1984 at the age of just 27.
A graduate in business economics from the University of Naples, Trapani specialized in business administration at New York University before joining the family company in 1981 as assistant to the chief financial officer. Over the course of three decades, he transformed the historic Roman jeweler into a major player in the international luxury market, accelerating its diversification into watches, perfumes, and accessories, and launching its expansion into the upmarket hotel industry. In 1995, he took Bulgari public on the Milan Stock Exchange.
Under Trapani’s leadership, Bulgari grew from €25 million in revenue, five boutiques, and 80 employees in 1984 to €1.5 billion in sales, 300 stores, and 4,000 employees by 2011.
When the company was sold to LVMH in 2011, it was valued at €4.3 billion. Following the acquisition, Trapani led the integration of Bulgari into the French luxury group, overseeing LVMH’s watch and jewelry division until 2014. He continued to advise Bernard Arnault on jewelry strategy for several years, remaining on LVMH’s board of directors until 2016.
In early 2014, Trapani joined the Italian investment fund Clessidra as chairman. He left in 2017 to join the board of Tiffany & Co., resigning at the end of 2018 following the announcement of the American jeweler’s pending acquisition by LVMH.
He later entered a new chapter in finance, becoming active in several investment groups, including Bluebell Capital Partners, Tages Group, and VAM Investments.
Jean-Christophe Babin, CEO of Bulgari, paid tribute to Trapani in a public message, praising his visionary leadership and enduring influence on the jewelry house.
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However, China’s efforts to demonstrate its continued openness to global business have yielded significant improvements in metrics related to the regulatory environment, it noted.
Seventy-one per cent of respondents were profitable in 2024, an improvement from 2023’s record low of 66 per cent. Profitability varied widely by sector; 80 per cent of manufacturers and 69 per cent of retailers were profitable.
Volatility in US-China trade ties has dragged optimism in the business environment, headquarter prioritisation of the China market and future revenue expectations to record lows, a survey by AmCham Shanghai found.
Just 45 per cent of respondents expect revenue to rise in 2025.
Forty-one per cent of them are optimistic about the five-year business outlook, with the rate lowest for manufacturers.
Fifty-seven per cent of respondents saw higher revenue in 2024 than in 2023, up from 50 per cent in the previous survey.
Sixty-four per cent of companies expect new US-China tariffs to drag on their 2025 revenue performance. As a result, just 45 per cent anticipate revenue to increase this year. This would be a record low if realised.
For the fourth consecutive year, the rate of respondents optimistic about the five-year business outlook in China hit another historic low. Now, 41 per cent of respondents express any optimism, with the rate lowest for manufacturers (36 per cent) and highest for retailers (51 per cent).
Twelve per cent of respondents ranked China as their headquarters’ top investment destination, also the lowest in the survey’s history.
Forty-eight per cent of respondents said that the regulatory environment was transparent, a 13-percentage point (pp) jump from last year. When asked about obstacles from regulatory challenges, members reported less hindrance across all options.
Over a third of respondents say that Chinese government policies and regulations toward foreign companies have improved in the past few years, 4 pp higher than 2024. Accordingly, 41 per cent say they are confident in China opening up further, a jump from 22 per cent last year.
Members continued to rank the US-China relationship or geopolitical tensions more broadly as the biggest challenge to their China operations and to China’s economic growth. Trade turbulence is weighing on willingness to invest in China and leading firms to double down on risk mitigation strategies, a release from the chamber said.
Forty-eight per cent of respondents urged the US government to completely remove all tariffs and non-tariff barriers on Chinese goods. Another 33 per cent want the removal of April’s reciprocal tariffs and other additional tariffs like the 20-per cent fentanyl tariff.
Members also oppose retaliatory duties, with 42 per cent calling on the Chinese government to remove all tariffs and non-tariff barriers on US imports and an additional 34 per cent hoping for a return to the most favoured nation rate.
If the US revokes China’s Permanent Normal Trade Relations status, 69 per cent of members anticipate negative effects. Companies in the manufacturing sector would bear the brunt, with 78 per cent expecting adverse effects compared to 59 per cent for retail.
Twenty-three per cent increased investments while a record-high 26 per cent cut investments in China. This year, 22 per cent are expecting to raise their China investments and 25 per cent will reduce that.
More companies are limiting their investment exposure to China in response to the changing geopolitical and economic situation; only 39 per cent will not have any China investment limits, down from 45 per cent last year and 50 per cent in 2023.
Companies are shock-proofing supply chains and bifurcating US and non-US strategies in response to global trade tensions. Of those with supply chains, nearly half are making significant adjustments in response to recent tariffs by shifting the sources of US-bound products or building in redundancy.
In the past year, 47 per cent of companies have redirected planned investments away from China, the highest level since this question was first asked in 2017. Southeast Asia remains the top destination for rerouted investment as well as for operations that are moved out of China.
Fibre2Fashion News Desk (DS)
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