As the holiday season approaches, fashion retailers may not be decking the halls with joy. Experts are projecting a 2.3 percent decline in direct-to-consumer fashion and apparel sales for 2023 compared to the previous year, painting a potentially gloomy picture for the industry.
U.S. Customs and Border Protection (CBP) recently released its fiscal year 2023 textile enforcement statistics, underlining the agency's dedicated efforts to safeguard American workers and legitimate importers by cracking down on unlawful textile imports that aim to circumvent U.S. trade laws, including those tied to U.S. trade agreements.
Colombia's textile and apparel sector is set to expand by 5% in 2023, driven by surging consumer demand, export growth, and foreign investments. This thriving industry plays a pivotal role in Colombia's economy, employing millions and generating billions in annual revenue.
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