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Wenn es um nachhaltige Markeninszenierungen geht, zeigt sich aktuell: Thema ist längst nicht mehr die Frage, ob wir Ressourcen schonen und umweltfreundlich bauen können, sondern wie! Nachhaltigkeit ist ein absolutes Muss geworden. Doch um kreislauffähige Markenräume möglich zu machen, müssen alle Beteiligten an einem Strang ziehen: von den Ausstellenden über die Gestaltenden bis hin zu den Besuchenden. Gelungene Beispiele finden sich in der neuen Ausgabe des Brand Experience & Trade Fair Design Annuals – Beispiele, die den bewussten Umgang mit Mensch und Umwelt schärfen und dabei gleichzeitig begeistern.
Early 20th-century technical analyst Richard D. Wyckoff invented the Wyckoff technique. It holds that basic supply and demand dynamics drive markets and may be traded in repetitive patterns. The…
We highlight seven key U.S. trade partners and their changing share in the sources of U.S. imports from 1989–2023.
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Textiles China-Ecuador FTA to be effective from May 1 29 Apr '24 1 min read Pic: Adobe Stock Insights The China-Ecuador free trade agreement (FTA) will become effective from May 1 as domestic approval processes are over on both sides, China has announced. According to the FTA signed in May 2023, nearly nine-tenths of the products traded between both countries will be exempt from tariffs, while about 60 per cent of them will immediately enjoy zero tariffs. The China-Ecuador free trade agreement (FTA) will become effective from May 1 as domestic approval processes are over on both sides, the Chinese commerce ministry announced recently.The FTA signed in May 2023 is expected to promote comprehensive upgrading of bilateral economic and trade cooperation, and benefit enterprises and people on both sides, the ministry said.According to the FTA, nearly nine-tenths of the products traded between China and Ecuador will be exempt from tariffs, while about 60 per cent of them will immediately enjoy zero tariffs, a state-controlled news outlet reported.The China-Ecuador free trade agreement (FTA) will become effective from May 1 as domestic approval processes are over on both sides, China has announced. According to the FTA signed in May 2023, nearly nine-tenths of the products traded between both countries will be exempt from tariffs, while about 60 per cent of them will immediately enjoy zero tariffs. Fibre2Fashion News Desk (DS) More Textiles News - China...
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Early 20th-century technical analyst Richard D. Wyckoff invented the Wyckoff technique. It holds that basic supply and demand dynamics drive markets and may be traded in repetitive patterns. The…
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International trade refers to the exchange of goods and services between countries. In simple words, it means the export and import of goods and services. Expor
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Textiles Cambodia's economy projected to have grown by 5.3% in 2023: IMF 03 Feb '24 2 min read Pic: Adobe Stock Insights Cambodia's economy is projected to have grown by 5.3 per cent in 2023, the IMF said recently. Its fiscal deficit is expected to have widened last year and may narrow this year. Risks are skewed to the downside, with near-term threats including demand weakness from developed trade partners, recovery slowdown in China and tighter global financial conditions. Cambodia’s economy is projected to have grown by 5.3 per cent last year, fuelled by a resurgence in tourism and strong performance in non-garment exports, according to the International Monetary Fund’s (IMF) executive board, which recently concluded the Article IV consultation with the country.However, risks are skewed to the downside. Weaker-than-expected growth in the US, accounting for over 40 per cent of Cambodia's exports, and China pose significant risks, IMF noted.Additionally, US monetary tightening and high levels of private debt in Cambodia could affect the country’s growth.Cambodia's economy is projected to have grown by 5.3 per cent in 2023, the IMF said recently. Its fiscal deficit is expected to have widened last year and may narrow this year. Risks are skewed to the downside, with near-term threats including demand weakness from developed trade partners, recovery slowdown in China and tighter global financial conditions.The country’s fiscal deficit is expected to have widened last year due to a combination of factors: extended targeted social supports to households and firms affected by the COVID-19 pandemic and the cost-of-living crisis; increased spending associated with the 2023 South-East Asia Games and the general election; and the finalisation of incomplete infrastructure projects from 2022.Starting from this year, the deficit is projected to narrow in line with the authorities’ commitment to scaling back temporary support measures, while retaining targeted fiscal support to the poor through social protection system reform.Public debt to gross domestic product (GDP) is projected to increase moderately during the next decade and the risk of debt distress remains low, although there are vulnerabilities from shocks to exports and growth, the IMF executive board observed.The near-term threats to growth include continued demand weakness from advanced-economy trade partners, recovery slowdown in China, high level of private debt domestically and tighter global financial conditions.Over the medium term, geopolitical tension and trade fragmentation, structural decline in growth from China, as well as climate change may pose important challenges to growth, the IMF said in a release.To ensure sustained progress in elevating living standards over the medium term, substantial reforms are needed. Governance and anti-corruption reforms are important to attract fresh foreign direct investment and sustain high growth, the IMF added. Fibre2Fashion News Desk (DS) More International Monetary Fund News... More Textiles News - United States Of America...
With Washington's sanctions against Moscow, the volume of trade between the two countries is shrinking.
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Textiles China remains Germany's top trade partner; US close behind 14 Feb '24 1 min read Pic: Adobe Stock Insights China remains Germany's leading trading partner for the 8th year, with a trade volume of €253.1 billion in 2023, slightly edging out US at €252.3 billion. Despite China's dominance, the trade gap between the two decreased significantly to just €0.7 billion from €50.1 billion in 2022. However, Germany experienced a 15.5 per cent decline in trade with China. China has maintained its position as Germany's most crucial trading partner for the eighth consecutive year, according to data released by the Federal Statistical Office (Destatis). In 2023, China accounted for a foreign trade volume of €253.1 billion, narrowly surpassing the United States, whose trade volume stood at €252.3 billion. Remarkably, despite China's continued dominance, the difference in trade volume between the two nations was merely €0.7 billion, a significant shift from the €50.1 billion gap observed in 2022.The latest figures reveal a notable downturn in Germany's trade with China, with a 15.5 per cent decline compared to the previous year. In contrast, trade with the United States experienced a modest growth of 1.1 per cent over the same period. The substantial deficit of €58.4 billion recorded in Germany's trade with China is in complete contrast with the export surplus of €63.5 billion in trade with the United States, as per Destatis data.China remains Germany's leading trading partner for the 8th year, with a trade volume of €253.1 billion in 2023, slightly edging out US at €252.3 billion. Despite China's dominance, the trade gap between the two decreased significantly to just €0.7 billion from €50.1 billion in 2022. However, Germany experienced a 15.5 per cent decline in trade with China.Despite these challenges, Germany's trade relationship with the Netherlands remained resilient, with the country retaining its position as Germany's third most important trading partner, albeit with a slight decrease of 5.5 per cent in combined export and import values, amounting to €214.8 billion. Fibre2Fashion News Desk (KD) More Textiles News - Germany...
Textiles | Australian cotton exports to India dive 45% to $107 mn in Jan-Aug 2023 11 Nov '23 2 min read Pic: Adobe Stock Insights Australia's cotton exports to India saw a sharp decline of 45.11 per cent, totalling $107.247 million from January to August 2023. This drop came after a period of significant growth in 2022 when cotton prices soared globally. The ECTA had a substantial impact on cotton trade as India faced a raw material shortage for its textile industry.
Textiles Bangladesh's Customs Act 2023 allows foreign currency floating rates 03 Nov '23 1 min read Pic: Adobe Stock Insights Bangladesh's new Customs Act 2023 recognises floating rates of foreign currencies and imposes a 10 per cent penal tax for delays in releasing goods from ports. Stakeholder consultation has been made mandatory for any changes, amendments or framing any rules related to the new act. Global best practices and trade facilitation steps have been incorporated. Bangladesh’s new Customs Act 2023 recognises floating rates of foreign currencies and imposes a 10 per cent penal tax in case of delays in releasing goods from ports that affect businesses.Under the floating exchange rate, the currency price of a nation is set by the forex market based on supply and demand relative to other currencies. The new law scrapped the previous Customs Act of 1969.Bangladesh's new Customs Act 2023 recognises floating rates of foreign currencies and imposes a 10 per cent penal tax for delays in releasing goods from ports. Stakeholder consultation has been made mandatory for any changes, amendments or framing any rules related to the new act. Global best practices and trade facilitation steps have been incorporated.The customs authority will now determine the rates of penalty on customs-related offences based on gravity and frequency.Stakeholder consultation has been made mandatory for any changes, amendments or framing any rules related to the new act, according to domestic media reports.Best practices and trade facilitation steps as per international agreements and conventions of World Customs Organisation (WCO) have been incorporated in the new act.Authorised economic operators, mutual recognition agreement, electronic declaration, electronic record keeping and payment, risk management, post-clearance audit and non-intrusive inspection are part of the new act.It has also incorporated provisions to check money-laundering, terror financing and import-export of dangerous arms. Fibre2Fashion News Desk (DS) More Textiles News - Bangladesh...
The US has banned the sale of advanced computer chips to China, escalating efforts to contain China’s tech and military ambitions. The moves are designed to
Textiles Italy's exports to non-EU27 countries down 5.1% in April 2023: Istat 30 May '23 1 min read Pic: Shutterstock Insights Italy saw a 5.1-per cent YoY decrease in exports to non-EU27 countries and a 19.5-per cent YoY drop in imports in April 2023.In seasonally adjusted terms, exports decreased by 2.1 per cent MoM and imports increased by 13.9 per cent MoM.The country registered a trade surplus of €1,216 million, marking a significant shift from the deficit seen in April 2022. Italy’s exports to non-EU27 countries decreased by 5.1 per cent year-on-year (YoY) in April 2023, according to preliminary data by the Italian National Institute of Statistics (Istat). The country’s imports decreased by 19.5 per cent compared with the same month of the previous year.In April 2023, in seasonally adjusted terms, exports decreased by 2.1 per cent and imports increased by 13.9 per cent compared with March 2023. Over the last three months, seasonally adjusted data, compared with the previous three months, showed a 2.6 per cent decrease in outgoing flows and a 13.4 per cent decrease in incoming flows.Italy saw a 5.1-per cent YoY decrease in exports to non-EU27 countries and a 19.5-per cent YoY drop in imports in April 2023. In seasonally adjusted terms, exports decreased by 2.1 per cent MoM and imports increased by 13.9 per cent MoM. The country registered a trade surplus of €1,216 million, marking a significant shift from the deficit seen in April 2022.The trade balance with non-EU27 countries registered a surplus of €1,216 million in April 2023, compared to deficit of €2,711 million in April 2022; excluding energy, the surplus was equal to €7,054 million, up compared with a €6,575-million surplus in April 2022. Fibre2Fashion News Desk (DP) More Textiles News - Italy...
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As Phase I of the U.S.-China trade deal goes into effect, our new series of visualizations take a closer look at China’s role in global trade
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Apparel/Garments | Bangladesh year-end review 2023: Taking the policy route 26 Dec '23 22 min read Pic: Adobe Stock Insights Bangladesh dealt with export fluctuations and aimed for a $52.27 billion apparel export goal for FY23-24. Policy changes like revised CIP rules and the National Tariff Policy 2023 sought to enhance industry competitiveness. A substantial wage increase in the RMG sector and efforts to diversify sourcing showcased the country's strategic response to trade challenges.
