Protectionism or Free Trade. National Clothing Markets — Protect or Not Protect
In recent years, countries in the Global South have been actively using protectionist measures to protect the textile and clothing industries, which provide significant employment (for example, the sector employs more than 45 million people in India and about 4 million in Bangladesh). China, despite its status as a "global factory," also supports the domestic market through subsidies and tax breaks, while African countries impose high import duties on clothing to stimulate local production. However, this often leads to higher prices, which highlights the difficulty of balancing market protection and consumer interests. In recent years, protectionist measures in the industry and the West. For example, the United States maintains high duties on Chinese textiles, while the EU subsidizes local production through initiatives such as the return of production from Asia.
- New stars and support measures. How can we find and properly support the development of our fashion industry stars at a time when domestic manufacturers have finally gained maximum attention from the buyer?
- Which support measures are necessary and which are inappropriate and capable of destroying healthy competition between entrepreneurs?
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