The China National Textile and Apparel Council (CNTAC) and the Organisation for Economic Cooperation and Development (OECD) recently inked an agreement to promote responsible business in global textile and apparel supply chains. The joint vision will connect efforts by suppliers, brands and buyers, creating more synergy, said CNTAC Vice President Chen Dapeng.
According to OECD Deputy Director of financial and enterprise affairs Mathilde Mesnard, OECD will have the opportunity to cooperate on the development of a Chinese-owned due diligence guidance for the textile and apparel supply chain that is aligned with OECD guidance but adapted to the Chinese context.
“In recognition of China’s incredibly important role in this sector, with almost 40 per cent market share, this is a step towards furthering our collective ambitions for a global level playing field for companies in the textile and apparel sector on responsible business conduct,” an OECD quoted him as saying.
This work is a direct outcome of the China-OECD Joint Programme of Work from 2015-16 and will seek to contribute to the aims of China’s Centre for Responsible Business and Sustainable Development, of which CNTAC is a founding member.