Fashion
Ensuring I-EAEU FTA’s effective implementation a challenge: Indonesia
The agreement is scheduled to be signed during the EAEU Summit in St. Petersburg, Russia, on December 20-21, an EAEU release said.
As Indonesia prepares to welcome the signing of the Indonesia-Eurasian Economic Union Free Trade Agreement, Trade Minister Budi Santoso has said the true challenge is to ensure its effective implementation.
The pact is expected to be signed at the EAEU Summit in St. Petersburg on December 20-21.
Implementation is targeted by late 2026 or early 2027.
The FTA’s initial phase will focus on goods trade.
At the Strategic Forum on International Trade: Indonesia-EAEU FTA in Jakarta, Santoso stressed that without readiness from businesses and strong partnerships, the FTA risks becoming a mere document rather than a driver of trade.
To address this, the Indonesian Ministry of Trade is encouraging the creation of communication platforms and business partnerships between Indonesia and EAEU member states.
Indonesian exports to the bloc reached $1.9 billion in 2024, with total trade valued at $4.5 billion. Over the past five years, bilateral trade has grown at an average annual rate of 21.45 per cent.
The FTA could potentially double total trade, opening access to a vast market of nearly 200 million people, Santoso noted.
The initial phase of the FTA will focus on goods trade, while services, investment and broader cooperation may be included later.
Each EAEU member state is expected to ratify the FTA following the signing. Implementation is targeted by late 2026 or early 2027.
“Over the past three years, the landscape of our foreign trade has been completely renovated. If the EU’s [European Union’s] share of our trade turnover previously exceeded 50 per cent, it now stands at 18 per cent, while the share of BRICS+ countries has increased from 30 per cent to almost 70 per cent,” Andrey Slepnev, Minister in charge of Trade of the Eurasian Economic Commission (EEC), told a recent press conference.
Fibre2Fashion News Desk (DS)
The economy is already at trend growth, and private final demand is running stronger than the RBA anticipated.
The NAB business survey shows that capacity utilisation is elevated and that there is breadth to this dynamic at an industry level. Businesses reported less pressure on margins over recent months.
The National Australia Bank expects the Reserve Bank of Australia (RBA) to raise the policy rate by 25 bps in February, followed by another likely 25-bps hike in May, taking the cash rate to 4.1 per cent.
The economy is already at trend growth, and private final demand is running stronger than RBA’s anticipation.
Inflation accelerated in Q3 2025, and NAB forecast a 0.9-per cent QoQ for trimmed-mean in Q4.
Inflation accelerated in the third quarter (Q3), and NAB has forecast a 0.9-per cent quarter on quarter (QoQ) for trimmed-mean in Q4, suggesting inflationary pressures have persisted.
If realised, this will imply a period of five quarters in which the annual rate of core inflation runs at 3 per cent or higher. Moreover, it would represent a 15 basis points surprise relative to the RBA’s most recent forecast for the Q4 outcome.
Taken in conjunction with stronger growth outcomes and evidence of capacity constraints starting to bind, the bank believes an inflation outcome of this magnitude will force the RBA to execute a modest recalibration of monetary policy in the first half next year, an NAB release said.
Fibre2Fashion News Desk (DS)
Textile fabric and fibre imports also posted decline. Fabric imports stood at £*** million (~$***.** million), *.** per cent lower than £*** million in October ****, while fibre imports slipped to £** million (~$**.** million) from £** million a year earlier. But, month on month, fabric imports rose from £*** million, and fibre imports from £** million.
During the third quarter (Q*) of ****, the UK imported clothing worth £*.*** billion (~$*.*** billion), up **.** per cent from £*.*** billion in Q* **** and **.** per cent higher than £*.*** billion in Q* ****. Fabric imports during Q* were valued at £*.*** billion (~$*.*** billion), while textile fibre imports totalled £** million (~$***.** million), compared with £*.*** billion and £** million, respectively, in Q* ****. In Q* ****, fabric and fibre imports had reached £*.*** billion and £** million, respectively. Quarterly growth suggests stronger order placements by UK brands following improved retail sell-through over the summer.
Published
December 19, 2025
Pacsun announced on Thursday it plans to opens its first Dubai store in early 2026, after the U.S. retailer open nine domestic stores in 2025 with 20-35 slated to open across the U.S. next year.
The debut flagship Dubai store will be Pacsun’s first international location in its 40-year history, and comes after the retailer revealed it had inked a new regional partnership in the Middle East with Majid Al Futtaim, earlier this month.
Under the agreement, Pacsun said it plans to open up to 20 stores across the Middle East over the next five years, including another flagship location in Abu Dhabi.
The Dubai location comes on the back of two recent store openings across the U.S. — in New York City and Westchester — as the Los Angeles-based retailer looks to capitalise on double-digit growth in in-store traffic.
Looking ahead, the brand plans to add 20–35 new stores over the next three years, with nine leases already signed for 2026 — making next year the biggest domestic retail expansion for the company in nearly two decades.
“Our stores have become cultural touch points for a generation that values experience as much as product. What begins on our social channels—inspiration and community—ultimately drives young people to see it in person. Doubling down on brick-and-mortar simply reflects what our community is already telling us,” said Brieane Olson, chief executive officer, Pacsun.
Earlier this month, PacSun launched a curated resale shop, introducing PS Vintage Powered by Springy, a dedicated collection of thousands of one-of-a-kind vintage pieces for men and women.
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