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FTA Welcomes Li & Fung Leap Towards Developing International and Sustainable Trade

Date

19 Aug 2016

Sections

Development Policy
Trade & Society

Brussels – The Foreign Trade Association (FTA) is pleased to welcome Li & Fung, a global leader in consumer goods design, development, sourcing and logistics as its latest member. On joining FTA, Li & Fung has selected the association’s International Trade Policy services and has also become a participant of the Business Social Compliance Initiative (BSCI), as part of FTA’s Sustainability services.

I am delighted about Li & Fung’s decision to join FTA and benefit from our wide range of services and tailored support designed to help our members succeed in a fast ever-changing environment. Similarly, I have no doubt that Li & Fung’s vast experience as one of the world’s largest sourcing and distribution platforms, and its know-how in customer relationships, supplier network, and operations can help us get closer to our goal of finding practical solutions towards sustainability in the global supply chain”, commented Christian Ewert, FTA Director General.

Rick Darling, Head of Government and Public Affairs at Li & Fung said: “Li & Fung is looking forward to joining the many good companies involved with the Foreign Trade Association. We have a significant presence in the EU and it continues to be an important part of our global portfolio. With the proliferation of trade agreements, new regulations related to sustainability and greater degrees of transparency, keeping on top of these important issues remains a continued challenge. FTA will help us maintain our knowledge base in the EU and ensure we stay ahead of the market as it evolves.”

Li & Fung is committed to responsible sourcing and to its engagement with BSCI. The extensive BSCI service benefits include, social audits of the supply chain, training activities and dialogue with a broad range of stakeholders. Li & Fung supports, accepts and shares the audit reporting with other BSCI participants to avoid duplication of audits.

Li & Fung’s FTA membership illustrates the value and relevance of FTA’s services, aimed to support businesses through international advocacy and practical supply chain management. The diversity of its members, counting more than 1,800 businesses, shows companies’ commitment towards more sustainable trade and demonstrates trust in FTA as the key association to prepare businesses for the challenges of the future. 

ENDS

For further information, please contact:

Ana Maria Martin
Media relations and editorial planning coordinator
ana.maria.martin@fta-intl.org
Tel: +32 (0)2 739 48 22

About the association: The Foreign Trade Association (FTA) is the leading business association for global commerce that promotes the values of international trade and sustainable supply chains. FTA represents over 1,800 retailers, importers and brands to promote and defend international trade and supports their business by providing information and practical solutions towards sustainability in the global supply chain. The association provides the Business Social Compliance Initiative (BSCI) to support participants to improve working conditions in factories and farms worldwide. It also provides the Business Environmental Performance Initiative (BEPI) to facilitate improved environmental performance in global supply chains.

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