The G20 Summit in London marked a commitment from countries representing over 85% of GDP throughout the world, to improve the economic climate globally.


One of the 10 Major outcomes of the G20 Summit was the promise to Kick Start Trade.

No new trade barriers before end of 2010 and rectify any measures taken with public WTO monitoring. Additional 250 billion dollars to support trade finance and close the global trade finance gap, including 50 billion through new World Bank program. Renewed focus to WTO deal and use g8 to drive progress.

This is huge news for an independent fashion business.  As what once was impossible for the “little guy” is now given a chance to blossom.  As seen above international trade will be given money to support the initiative, hopefully making fees more manageable between countries.

Where once a designer who was scouted by the US, let’s say, but designs manufactures and ships out of Italy might now have a chance to actually make a profit with the new “free trade” agreements set up to help the international business, where up until now the costs of customs taxes and other international fees, made doing business internationally virtually impossible for a small growing business.

With a promise of “kick starting international trade” Prime Minister Gordon Brown promised international support from the world’s leading countries giving back to those that have seen the credit dry up from the world banking crisis.  As “we are entering into a new era of international cooperation,” explained Brown, young entrepreneurs hope to navigate the globe on a business level, where previous restrictions set limits.
Between this news and a pledge to “restore lending” from the major banks as well it looks like fashion might be back in business.