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Free trade agreements with the United States and Europe are essential if the Indonesian textile market is to flourish and compete with strong regional rivals, according to analysts and sector leaders.

The Indonesian government has said it wants to sign the Trans-Pacific Partnership (TPP) agreement agreed by 12 Pacific Rim countries last October (2015).…

A report released yesterday (Mar 10) by the Organisation for Economic Co-operation & Development (OECD) has advised textile manufacturers to support government efforts to tighten environmental rules, saying they are unlikely to cause a loss of business.

The report is an attempt to dispel the widely-held view that tighter environmental rules increase costs and damages business – especially in emerging market manufacturing hubs.…

WITH a June 23 date set for Britain to hold an in-out referendum on UK membership of the European Union (EU), the European car industry has made it clear it wants British voters to keep their country within the 28-member state bloc.…

Following the international agreement limiting its nuclear power ambitions, Iran is essentially open for business. However, certain US sanctions remain in place, adding to Western banks’ caution in dealing with Iran, long a pariah to global investors and bankers. Indeed, the biggest challenge will be reintegrating Iran’s financial institutions back into the international system after their years’ long experience of dealing with, and circumventing, sanctions.…

THE AMOUNT of fraud committed in the UK appears to be rising, according to a detailed report from the Office of National Statistics (ONS) – although the agency accepts the many difficulties in gathering reliable data on the topic. A headline figure generated by the ONS based on data from the Crime Survey for England and Wales (CSEW), UK fraud reporting body Action Fraud (which feeds information into the crime survey), plus industry bodies Cifas and Financial Fraud Action UK (FFA UK) suggest that in the year ending September 2015, 604,601 fraud offences were recorded in England and Wales – 11 offences per 1,000 population.…

The European Union’s (EU) Energy Roadmap 2050 project is certainly ambitious – looking to decarbonise Europe’s energy sector – and it anticipates that carbon capture and storage (CCS) technology will play an important role. Yet, it is clear that this technology is far from ubiquitous and significant efforts will be required to enable CCS to play a key part in Europe’s CCS future.…

PRIVATE label brands for cosmetics and personal care products are attracting consumers with an increasingly wide range of offerings that stress their value-added nature, as well as affordable prices. Reflecting private labels’ innate reliance on quality and function rather than image, manufacturers supplying these products have been especially focusing on using scents to add value, from traditional florals to more adventurous notes.…

The cosmetics industry and market in Croatia is starting to benefit from the country’s nascent economic recovery, although it is still facing a number of challenges. The economy in Croatia, which joined the European Union (EU) in 2013, was forecast by the World Bank to grow by 1% in 2015, following six years of recession.…

Flushable wipes range from adult moist toilet tissue to feminine hygiene wipes, and the sector has been steadily growing for years. According to UK-based market researcher Euromonitor International, the global retail volume for personal care wipes nearly doubled between 2003 and 2013, from 93 billion units to almost 170 billion units sold, respectively.…

EUROPEAN Union (EU) regulation on virtual currencies such as Bitcoin should not go beyond preventing and fighting crime such as money laundering, experts told the European Parliament’s economic and monetary affairs committee at a hearing on Monday (January 25). Participants discussed the benefits and risks of these products as the parliament prepares a report on virtual currencies, according to a parliament note on the meeting.…