Search Results for: Indonesia

THE WORLD Trade Organisation (WTO) Disputes Settlement Body (DSB) has approved establishing disputes settlement panels ruling sought by the USA on whether retaliatory duties imposed by the European Union (EU), Canada, China, and Mexico on US confectionery and sweet bakery and associated ingredient exports, imposed in response to America’s controversial steel and aluminium tariffs, break WTO rules.…

BANGLADESH’S unions have yet to be satisfied by an increase in the country’s minimum wage, which was published in a government gazette on October 8, hiking minimum wages for entry-level knitwear workers by 51% to USD95-a-month from December, up from the USD63 set in 2013.…

A PROPOSED Free Trade Agreement (FTA) between the European Union (EU) and Indonesia could generate notable structural shifts in Indonesia’s textile (fabric and yarn) sector, expanding the workforce by up to 2.5% for skilled and unskilled workers, expert analysis suggests.

Indeed, a new European Commission’s Sustainability Impact Assessment (see http://trade.ec.europa.eu/doclib/docs/2018/october/tradoc_157431.pdf)…

The recent sight of a Chinese internet celebrity in a milking parlour in Limerick could be a hint of what the future holds for Ireland’s increasingly international dairy industry. Xiao Lu Yu, one of the ‘influencers’ who monetise Chinese social media (see https://m.weibo.cn/status/4279583182420503…

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.…

IN its trade war against China, the Trump administration in the USA has added tariffs on a wide range of upstream textile inputs and fashion-related consumer products, raising the spectre of fraudulent rerouting of Chinese textile-garment products through neighbouring regions, notably south-east Asia.…

Cryptocurrencies have made a big splash across Asia, and governments have taken very different regulatory approaches to curb associated financial scams and money laundering.

While there is one group of countries that has banned the operation and use of cryptocurrencies entirely, including China, India and Vietnam, a second category spans countries that see cryptocurrencies as potentially boosting their own financial sectors.…

COULD digital textile printing help bring the Australian textile and clothing manufacturing sector back to sustainable growth? There are experts who believe this scaleable finishing technology can give Australian design talent room to thrive.

Faced with the proximity of China’s manufacturing juggernaut, it is no surprise that mass textile and clothing manufacturing declines in Australia, but digital technologies are giving the industry a chance to find new niches.…

THE INTERNATIONAL Public Sector Accounting Standards Board (IPSASB) has released a new standard on reporting financial instruments – IPSAS 41 – to improve the relevance of financial assets and liabilities data. It replaces financial instruments reporting rules in IPSAS 29, introducing a single classification and measurement model for financial assets, considering an asset’s objective and cash flows.…

NEGOTIATIONS for a free trade agreement between Indonesia and the European Union (EU), which will pave the way for greater opportunities for the textile and garment sectors, are entering a final phase, the head of Indonesia’s textile industry association said.

“Negotiations are entering the sixth round.…