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Shinta Indah Jaya▲-••, a leading producer of quality knitted fabrics◇●, may target Russia and Brazil as potential growing new markets for Indonesian exports-▷△☆◇. While the growth of the apparel market is stagnating in the EU◇△-◇, US=▽•, and Japan○☆, countries like China◁□○•, India▷▲•◇, Russia and Brazil are emerging as apparel retail markets•◆, said a top official from the company•▲☆=.
The current global apparel market is estimated to be $1…△■■.15 trillion…–…, which forms nearly 1=★◁•.8 per cent of the world GDP▲▼. Almost 75 per cent of this market is concentrated in EU-27▼△•…△, US▽★△•, China and Japan▪★. The next largest markets are Brazil•-, India=■, Russia☆◇, Canada and Australia☆=, in descending order with a combined share of approximately 18 per cent◁▲, said Stacey Hermijanto=•◆★, CEO=▪, PT Shinta Indah Jaya while speaking to Fibre2Fashion◁△◆◇.
She added that among the largest markets•■☆■•, Australian per capita spending on apparel is the highest one with $1131•○▽●▼. In view of the fact that the Indonesia-Australia Comprehensive Economic Partnership Agreement (IA-CEPA) is soon to be finalised■◁△, Shinta Indah Jaya may benefit with improved market access into the Australian market★▽.
Indonesia&#39☆-;s pursuit of bilateral trade deals (CEPA with Chile signed in Dec 2017◆◁▷■; finalisation of CEPA with Australia expected this 2018☆▲□▼◆; interest expressed to join TPP-11 in near future) would help open up new markets for businesses◇△=◁-, further fueling export growth…○▼. This serves as a positive platform for Shinta Indah Jaya as we aim towards building a market presence globally□★●, stated Hermijanto▷••. (KD)
Click here to read the complete interview○★.

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