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THE EUROPEAN Automobile Manufacturers’ Association (ACEA) welcomed the automotive negotiating position put forward by the European Commission, the European Union’s executive body, ahead of the fifth round of negotiations for a free trade agreement with the US taking place on 19-23 May in Washington DC.…

THE INTERNATIONAL Trade Centre (ITC) and the Cambodian ministry of commerce are trying to revive Cambodia’s silk production sector, as the country is importing almost all its total 400 tonnes annual raw silk requirement.

Currently, only five tonnes of Cambodian silk, which is noteworthy because of its natural yellow colour, is produced in the country each year.…

Investment in the Indonesian textiles industry is set to remain stable this year, but with expansion in technical textiles, according to Ade Sudrajat Usman, chairman of the Indonesian Textiles Association (API).  Technical textiles – including medical textiles, geotextiles and agri-textiles – are a growing market and industry within Indonesia, with USD150 million worth of investment anticipated for 2014, according to Ade.…

CAMBODIA’S thriving garment industry could double its exports if the country’s local textile production is ramped up, Garment Manufacturers Association of Cambodia (GMAC) chairman Van Sou Ieng has told WTiN.

“The industry could expect an increase in export figures by 100%” if local textile and yarn production was expanded, Mr Ieng said.…

Colombia’s struggling automobile sector is anticipating the April 15 launch of a new government program designed to help it follow the successful tactics of its principal competitors abroad.

The primary objective of the scheme, PROFIA, (Development Program for the Automotive Industry) is to help the sector recover market share from cheap imports, notably by imports by slashing tariffs on parts and materials imported for vehicle assembly.…

INDIA’S holy city of Varanasi is also a traditional centre for the luxurious ‘Banarasi’ silk weaving industry. After securing Indian geographical indication rights for its products under a ‘Banaras Brocades and Sarees’ registration in 2009, the largely cottage-based industry is now gearing up to enter the international branded luxury market.…

A detailed memorandum of understanding has been signed by the International Maritime Organisation (IMO) and the Bangladesh government, aimed at improving safety standards in the south Asian country’s shipbreaking sector.

While scrapping 8.8 million tonnes of materials – mostly steel – annually for re-use, this Bangladeshi industry has been criticised to failing to impose effective safety and environmental standards, with chemicals spilling onto beaches, sometimes harming workers.…

Bangladesh steel makers are anticipating a rush of orders with the country beefing up efforts to implement new generation infrastructure projects involving billions of dollars. Government data indicates that more than USD13 billion will be invested in projects whose construction is planned over the next 10 years, ranging from a metro railway in the capital Dhaka, to elevated expressways, a deep-sea port and an underwater road tunnel in the southeastern port city of Chittagong.…

TURKEY is the Middle East’s largest oilseed producer, but domestic demand outstrips supply despite efforts to boost production. In olive oil, Turkey is increasing production and exports, being the fifth largest producer globally, with the sector valued at USD500 million, according to Tariş Zeytin ve Zeytinyağı – the union of olive and olive oil co-operatives.…

A FREE trade agreement signed between Canada and South Korea could see increased investment by the nuclear fuel hungry Korea in Canada’s abundant uranium resources.

The agreement – inked on March 11, and Canada’s first with an Asian country – lays down rules on how South Korean investments should be made in Canada, with a focus on boosting transparency and predictability, according to a note from the Canadian government Prime Minister’s Office (PMO).…