Fashion
New EU strategy proposed to shape global clean, resilient transition
The new EU global climate and energy vision adds an external dimension to the Clean Industrial Deal and sets a new strategy to strengthen existing partnerships and forging new, mutually beneficial ones, an official release said.
A new strategy for securing Europe’s place in global markets was recently proposed by using diplomacy to protect core EU interests, promoting standards for a fair transition and addressing new security threats and challenges.
The vision proposes to ramp up the EU’s clean technology manufacturing capacity to reach 15 per cent of the global technology market, while improving its industrial competitiveness.
Launched in February 2025, the EU’s Clean Industrial Deal is a strategy to boost European industrial competitiveness and decarbonisation by lowering energy costs, accelerating clean technology, supporting circularity and developing skills.
As a market still dependent on fossil energy imports, renewables will remain at the heart of the EU’s clean transition. Almost half of EU electricity was generated by renewables in 2024. This significantly increases the EU’s energy independence and security. The EU has also seen an increase of 111% in the share of clean energy investments since 2015.
The vision proposes to ramp up the EU’s clean technology manufacturing capacity to reach 15 per cent of the global technology market, while improving its industrial competitiveness, in line with the Clean Industrial Deal.
The vision also reaffirms the EU’s commitment to a rules-based international order.
The EU will continue driving robust international climate policies. This includes stronger action to address the nexus between climate change, environmental degradation, and security and resilience by engaging at multilateral (UN and NATO) and bilateral levels.
It will implement the actions set out in the 2023 Joint Communication on the Climate-Security Nexus and continue combatting information manipulation and disinformation on climate change, the release noted.
The new vision presents a series of strategic actions for global energy and climate engagement to drive the clean transition, competitiveness and clean technologies and investments.
These include injecting political momentum by encouraging multilateral and bilateral fora and initiatives to deliver on the Paris Agreement and Global Stocktake commitments; boosting EU clean tech businesses internationally and enabling climate resilient investments by organising business fora, setting up an EU external Clean Transition Business Council, scaling up investments and establishing business models for climate adaptation; and supporting and connecting European businesses with global investments by making full use of the Global Gateway Investment Hub to assist joint investments projects outside the EU.
These also include expanding networks of mutually beneficial partnerships for global and resilient clean value chains and reforming global financial institutions for the clean and resilient transition and stepping up EU’s climate security work.
Fibre2Fashion News Desk (DS)
Fashion
India forms inter-ministerial group to assess export disruptions
According to a notice issued by the Ministry of Commerce and Industry, the newly formed group will track global developments that may disrupt production networks, logistics flows, and trade corridors. The initiative comes at a time when escalating conflicts, shipping route uncertainties, and volatility in energy and freight markets are beginning to influence sourcing decisions across the textile value chain.
India’s move to form an inter-ministerial group signals a proactive approach to managing export risks amid rising geopolitical uncertainty.
By closely monitoring supply chains, logistics routes and critical imports, the government aims to ensure faster policy responses and protect export competitiveness, particularly for sectors like textiles that are highly exposed to trade disruptions.
The inter-ministerial group will conduct sector-wise assessments to identify export vulnerabilities and potential disruptions in the supply of critical raw materials. For the textile industry, this includes monitoring inputs such as petrochemical derivatives used in synthetic fibres, dyes, and chemicals, as well as machinery components that are often sourced through complex global supply networks.
The group will also serve as a co-ordination platform among different ministries and government departments, enabling faster policy responses if disruptions escalate. Engagement with industry stakeholders, including Export Promotion Councils and trade bodies, will form an important part of this process. Through these consultations, the government aims to gather real-time feedback from exporters on logistical challenges, input shortages, freight cost pressures, and order uncertainties emerging from geopolitical tensions.
Alongside the inter-ministerial mechanism, DGFT has established an internal coordination framework to enable real-time tracking of trade-related developments. This system is intended to strengthen inter-agency communication and ensure that emerging issues affecting exporters are identified and addressed quickly.
For India’s textile and apparel sector, one of the country’s largest export industries with extensive global supply chain linkages, the monitoring initiative is particularly significant. Disruptions in maritime routes, fluctuations in petrochemical feedstock availability, and shifts in sourcing strategies among global brands could all influence export competitiveness in the coming months.
By establishing both an inter-ministerial monitoring group and an internal co-ordination mechanism, the government aims to improve preparedness and policy responsiveness as geopolitical uncertainties continue to reshape global trade dynamics.
The move reflects a broader effort to safeguard export growth while maintaining stability in critical supply chains that support India’s manufacturing and textile industries.
Fibre2Fashion News Desk (KUL)
Fashion
Special loan facility for Feb wages in Bangladesh’s export units
Due to falling exports, delayed purchase orders and liquidity crisis, production in many export-oriented units is getting affected. As a result, the ability to pay salaries and allowances to workers has reduced.
Bangladesh Bank recently issued a circular asking banks to introduce special loan facilities beyond the working capital loan limit to pay salaries of workers and employees for February in light of concerns in the export sector due to global and domestic economic pressures.
The loan amount cannot exceed the average salary and allowances component of the concerned enterprise in the last three months.
The loan amount cannot exceed the average salary and allowances component of the concerned enterprise in the last three months. The prevailing market-based interest rate will be applicable against the loan, while no additional interest, profit, fee or charge other than regular interest can be charged.
The loan must be repaid within a year with a grace period of three months, according to domestic media outlets. Industrial enterprises that export at least four-fifths of their total production will be considered export-oriented. The salary will go directly to the workers’ accounts, not through the company.
Fibre2Fashion News Desk (DS)
Fashion
Removing NTBs could boost trade with US: Bangladesh commerce minister
Addressing these issues would also facilitate Bangladesh’s greater access to US development assistance and financing programmes, he said after meeting US Assistant Secretary of State for South and Central Asian Affairs S Paul Kapur in Dhaka.
Cutting unnecessary complexities and eliminating selected non-tariff barriers could significantly boost US investment in Bangladesh and enhance the country’s appeal as a foreign investment destination, according to Commerce, Industry, and Textiles & Jute Minister Khandakar Abdul Muktadir.
Addressing these would also facilitate greater access to US development assistance and financing programmes, he said.
The meeting focused on strengthening bilateral trade ties, expanding investment into new sectors, improving digital infrastructure and deepening overall trade and investment cooperation.
Certain procedural and policy-related bottlenecks continue to affect the investment climate, the minister observed.
Fibre2Fashion News Desk (DS)
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