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 April–June 2026 quarter marks a shift from price volatility to supply insecurity, with material availability becoming the key risk.
Synthetic fibres and chemicals are most exposed due to oil-linked costs and gas shortages, while freight is sharply raising landed costs.
Cotton is adding margin pressure, particularly impacting smaller manufacturers.
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The move follows Lulus’ recent rollout across all Nordstrom stores nationwide and reflects a broader strategy to expand reach and drive incremental revenue. As stated in the press release, each partnership offers curated assortments tailored to platform-specific customer behaviour.
Lulus has expanded its wholesale strategy with a new Amazon storefront and an online partnership with Victoria’s Secret.
Building on its Nordstrom rollout, the move enhances reach and revenue potential.
Curated assortments tailored to each platform aim to engage modern shoppers, supporting scalable growth and strengthening the brand’s presence across key retail channels.
“Today’s customer shops across platforms, and our goal is to show up for her in each of those moments with intentional, elevated product, that is distinctly Lulus,” said Crystal Landsem, CEO at Lulus. “By offering curated assortments across Amazon and Victoria’s Secret, we’re expanding access to our brand in a way that’s thoughtful, strategic, and aligned with how women shop now.”
The Amazon storefront features a curated dress assortment, including many exclusive styles, while the Victoria’s Secret collaboration introduces an online-only range targeting digitally engaged shoppers. The company noted in the press release that these initiatives support scalable growth and strengthen brand relevance.
As Lulus enters its 30th year, it is focusing on disciplined growth, scalable distribution, and long-term brand building. Alongside its Nordstrom expansion, launches on Amazon and Victoria’s Secret strengthen its position as a digitally driven brand with rising influence in modern fashion retail.
Fibre2Fashion News Desk (JP)
Support will be provided through two-way contracts for difference, where a competitively determined strike price ensures revenue stability. If alternative fuel prices fall below this level, the Italian government will compensate producers; if they exceed it, producers will repay the difference. The scheme will run until 31 December 2029.
The European Commission has approved a €6 billion (~$6.5 billion) Italian state aid scheme to produce 200,000 tonnes of renewable hydrogen annually.
Using contracts for difference, the programme will support decarbonisation in transport and industry by ensuring price stability, while promoting investment, competitiveness, and emissions reduction across high-impact sectors.
The Commission concluded that the measure is necessary, proportionate, and incentivises investment that would not occur without public support. It also found that the environmental benefits, particularly in reducing emissions from hard-to-abate sectors, outweigh potential competition distortions.
Fibre2Fashion News Desk (JP)
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