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ASIA - FUTURE OF HR
WORKFORCE DEMOGRAPHICS
East Asia is a very varied region in terms of economic development. Take the 10 members of trade bloc ASEAN (the Association of Southeast Asian Nations): with 632 million people, demographics greatly vary, from aging Singapore and Thailand, to the younger and emerging economies of Indonesia, Cambodia, Vietnam, Malaysia and the Philippines.…
INDONESIA TEXTILE SECTOR WELCOMES LAUNCH OF EU TRADE TALKS
The Indonesian Textiles Association (API – Asosiasi Pertekstilan Indonesia) has told WTiN.com that it enthusiastically endorses the opening of negotiations between the European Union (EU) and Indonesia to forge a Comprehensive Economic Partnership Agreement (CEPA) free trade deal.
The goal of the talks announced in July will be to create an agreement that goes beyond traditional agreements that focus on duty and quota abolition, to include removing non-tariff barriers through regulatory mutual recognition and harmonisation.…
TURKEY, CHINA AND SOUTH KOREA REMAIN EUROPEAN KNITWEAR BRANDS’ KEY SOURCING SWEETSPOTS
EUROPEAN Union (EU) knitted fabric importers are continuing to focus their sourcing overwhelmingly on Turkey, China, and South Korea, according to data released by the European Apparel and Textile Confederation (Euratex). With their low production costs, fabric expertise, and advantageous free trade agreements, these countries offer key benefits as a sourcing destination.…
TURKEY, CHINA AND SOUTH KOREA REMAIN EUROPEAN KNITWEAR BRANDS’ KEY SOURCING SWEETSPOTS
EUROPEAN Union (EU) knitted fabric importers are continuing to focus their sourcing overwhelmingly on Turkey, China, and South Korea, according to data released by the European Apparel and Textile Confederation (Euratex). With their low production costs, fabric expertise, and advantageous free trade agreements, these countries offer key benefits as a sourcing destination.…
ASIAN COUNTRIES DEREGULATING ENERGY MARKETS
THE ENERGY market in Asia is one of the most dynamic sectors in the region, and so government policy and regulation is having to be nimble and flexible, trying to coax production in a sustainable direction.
Take the deregulation of Japan’s household electricity market, which went into effect on April 1.…
PERSONAL CARE PRODUCT SECTOR WELCOMES EU-JAPAN TRADE DEAL
THE PERSONAL care product sectors of the European Union (EU) and Japan have welcomed the agreement in principle of an Economic Partnership Agreement (EPA) between the two jurisdictions, saying it will promote and ease trade.
Dubbed by the European Commission as “the most important bilateral trade agreement ever concluded by the EU”, the deal will fully eliminate mutual duties on all cosmetic products, an industrial sector the Commission notes as “very competitive”.…
JAPAN PAINT AND COATINGS SECTOR HAS WEAK YEAR, BUT HOME-BASED PAINT SALES OUTLOOK IS POSITIVE
Paint and varnish manufacturers in Japan experienced a disappointing 2015, with sluggish purchasing from the construction and automotive sectors translating into meagre 0.3% growth over the fiscal year. Analysts predict that growth will pick up in the short term, in part as a result of a spike in demand from the construction sector ahead of Tokyo hosting the 2020 Olympic Games – although industry players are concerned about the longer-term outlook for the sector.…
ACCOUNTANTS MUST SIGNPOST SMALL FIRMS TO VENTURE CAPITAL, CONFERENCE TOLD
Accountants share responsibility with banks to direct their small-and-medium-sized enterprise (SME) clients towards sources of finance, a Brussels conference has been told. Rebecca McNeil, head of SME lending at Barclays, said at a July 13 Brussels conference on ‘Capital Markets Union: delivering new opportunities for SMEs through venture capital’, declared: “We all have the duty of care, banks, accountants … to signpost SMEs to sources of finance.” …
EU ACCOUNTING AND TAXATION LEGISLATION MAY NOT APPLY IN BRITAIN AS PM MAY SAYS ‘BREXIT MEANS BREXIT’
With new UK Prime Minister Theresa May apparently determined to fulfill the wishes of the 52%/48% Brexit referendum result backing Britain leaving the European Union (EU), what EU accounting and taxation laws will ultimately remain on the British statute? The PM has made it clear she recognises that a key force behind the ‘leave’ vote was a dislike of unrestricted EU immigration into Britain, and should she satisfy that demand, the prospect of the UK becoming a non-EU member of the European Economic Area (EEA) will become most unlikely.…
OEM SUPPLIERS INNOVATE TO REDUCE AUTO INTERIOR NOISE
SUPPLIERS to auto manufacturers are releasing increasingly innovative technology to help brands reduce interior noise in their vehicles.
Luxembourg-based automotive interiors supplier International Automotive Components (IAC) Group, for instance, is expanding its operations to produce lightweight injection molded inner dash insulation that enhances interior acoustical performance.…