Search Results for: Australia

Indonesia is seeking to open new markets for its textile and garment products – not only are free trade agreements with Australia and fellow Asian countries are on the cards, the industry’s association and the government has announced, but the industry is also targeting African export sales.…

THE CHINESE government has directly targeted the American knitwear sector in the latest tit-for-tat response in the trade wars launched by US President Donald Trump. Beijing has highlighted knitted goods in a list of products that maybe subject to retaliatory tariffs, should the USA impose a threatened third list of duties on Chinese tech, drafted over alleged thefts of American IP.…

A senior figure in the American cotton industry has told just-style of his concern that Turkey’s collapsing currency and trade disputes with the US government will cause it to import less US-made cotton.

The Turkish lira – TRY has dropped in value by 45% this year – indeed last September 12, USD1 bought TRY3.43, this September 11, it bought TRY6.43.…

THE EUROPEAN Commission has attempted to heal a long-standing dispute with the United States by requesting authorisation from European Union (EU) ministers to open negotiations on the redistribution of quotas for hormone-free beef imported in European countries. Speaking to GlobalMeatNews, the secretary general of the European Livestock and Meat Trades Union (UECBV), Jean-Luc Mériaux said he supports the tasks and forging “a consensus aiming at consolidating trade flows”.…

Japan’s wagyu producers are penetrating the Australian market following the lifting of an import ban on Japanese beef in May, but sales may be limited to the high-end market.

The ban had been in place for 17 years due to outbreaks of bovine spongiform encephalopathy (BSE) or mad cow disease in Japan.…

The new director of the UK Serious Fraud Office (SFO), Lisa Osofsky, has highlighted strengthening international cooperation in the fight against fraud as a priority in her new job. Dual American-British national Osofsky, who comes with a background as a federal prosecutor in the US, particularly wants to step up cooperation on deferred prosecution agreements (DPAs).…

WITH the old certainties that the world would move steadily towards ever freer trade now crumbling, the technical textile sector is closely monitoring shifts in trade policy by key governments and international organisations.

This industry depends on the free flow of materials and finished goods – and unlike many textile segments – still has a significant manufacturing presence in mature markets, making the impact of trade policy changes complex and hard to predict.…

A new report from Transparency International has found that only 11 major exporting countries in the world significantly punish companies that pay bribes abroad. The report, called ‘Exporting Corruption’, also found that more than half of world exports come from at least 33 jurisdictions, including several European Union (EU) member states, where companies that export corruption along with their goods and services face weak consequences. …

The UK and Australia are poles apart geographically but share the aim of becoming leaders in using or selling hydrogen for energy. The scheduled unveiling in November (2018) of a conceptual design to convert an eighth (8.3 million) of the UK’s population to 100% low-carbon hydrogen gas between 2028 and 2035 matters.…

AUSTRALIA and New Zealand might be saturated markets for the cosmetic and toiletry retailing industry but the consumers’ willingness to buy a variety of complex formulated and premium green products is continually expanding revenue. Millennial consumers especially are contributing to rising demand for independent and green brands.…