01/06/2022 – STTI White paper — auf Deutsch lesen
White paper on Sustainable Trade Compliance available
Achieving agreements on practical steps to improve purchasing practices between globally acting operating organizations and their members is STTI’s declared goal.
After it’s very first its first bi-annual in-person meeting held in March in Istanbul the Sustainable Terms of Trade Initiative (STTI) in the interim started talks with three major organizations representing brands and retailers and that have commercial compliance high on their agendas. These are the SAC, ACT and the Common Framework for Responsible Purchasing Practices (CFfRPP).
The initiative’s global working group already presented its first results in September 2021: The white paper available for download unites the common goal to improve commercial compliance.
“The coming year will see intensive work on impactful actions to improve purchasing practices,” says the STTI in a current statement. “Our growth, our work with brands and retailers and the organizations that represent them and its prominent role in the OECD’s Annual Forum (on due diligence in the garment and footwear sector) reflects the initiative’s optimism that it is on the right track.”
- Including recently gained two new members the Sustainable Terms of Trade Initiative now consists of 15 industry associations from 11 countries facing similar challenges regarding purchasing practices in the textile and garment industry. These are: API, Indonesia; VITAS, Vietnam; CNTAC, China; GMAC, Cambodia; MGMA, Myanmar; BGMEA and BKMEA, Bangladesh; AEPC, India; PHMA, PTEA, TMA, Pakistan; IHKIB and TCMA, Turkey; ECAHT, Egypt and AMITH, Morocco.