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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).…

THE MYANMAR government is pushing ahead with developing a textile and clothing industry hub at Myawaddy, just over the border from key Thailand manufacturing zone Mae Sot, which has prospered from access to cheap Burmese labour and Thai tax breaks.

This has long annoyed Myanmar government officials, who decided they wanted to build an industrial zone on their side of the border.…

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.…

A new bid by the European Union (EU) to open up public procurement contracts in world markets to all competitors has run into immediate trouble in the textiles sector where the US industry has launched a swift and forceful (though hardly unexpected) rejection of the idea.…

THE EUROPEAN Commission is incorporating the latest guidance from the European auto industry into its plan for rolling-out connected cars across the European Union (EU), drawing on advice from manufacturers favouring swift, coordinated deployment. A key, stressed a report published in January by the Commission, the EU’s executive, is for the installation of ‘cooperative intelligent transport systems’ (C-ITS) allowing vehicles to communicate with other vehicles, other road users, traffic signals and roadside infrastructure.…

Bangladesh’s imports of scrap metal has risen sharply as local steel millers turn to billet production, bolstering supplies encouraged by growing demand for finished products, Steel First has learnt.

Industry insiders said the south Asian nation imported around 1.5 million tonnes of steel and iron scrap in 2015 and estimates suggest that annual imports could surge to around 2.5 million tonnes by the end of this year.…

JAPANESE development agencies are working to increase the level of textile imports sourced from Pakistan. The Japan International Cooperation Agency (JICA), based in Yokohama, is presently in discussions with the government of Pakistan about ways in which Japanese overseas development aid might be best put to use to assist this sector – of critical importance to the overall Pakistani economy.…

CHINA’S central bank, the People’s Bank of China (PBC), has issued a new anti-money laundering and terror finance reporting requirements for all financial institutions inside the country. The rules come into force July 1. They cover banks, brokers, foreign exchange, online and mobile payment systems and insurance companies, who will have to file reports to the central bank, via their headquarters or via representative institutions, if a client requires daily cash transactions exceeding Chinese Yuan Renminbi CNY50,000 (USD7,261) or a larger amount of USD10,000’s worth in foreign currency.…

MILLENNIAL CONSUMERS ARE SHAKING UP INDIAN MARKET

The emergence of the millennial generation – those born between 1980 and the early 2000’s – is going to drive how consumption, including that of food, takes place in India, according to retail and manufacturing heads at the India Food Forum, which was held in Mumbai between January 19 and 21.…

THE NUMBER of mainland Chinese tourists visiting Hong Kong and Macao is set to fall sharply, and while Chinese travellers are becoming more enamoured with longer-haul destinations such as Australia and the US, worries over safety is weakening demand for visiting France.…