Home / Knowledge / News / Apparel/Garments / Australia to decide on S-TCF renewal before year-end
Australia to decide on S-TCF renewal before year-end
18
Jul '11
An Australian delegation visited Fiji to assess and provide a feedback to its Government in view of the upcoming renewal of the South Pacific Regional Trade and Economic Co-operation Agreement (SPARTECA) Textiles, Clothing and Footwear (TCF) scheme, which is due to expire on December 31, 2011.

The visiting team consisted of representatives from the Australia Department of Foreign Affairs and Trade, Department of Innovation, Industry Science and Research, Australian Customs Service and the Australian High Commission.

The team discussed with the Fijian Government, the country's customs department, and the Textile, Clothing and Footwear (TCF) Council of Fiji. The Fiji's TCF industry put forward proposals, both for bringing some improvement to the existing scheme structure, as well as for the extension of the scheme.

The SPARTECA TCF scheme is vital for Fiji's TCF industry as more than 80 percent of Fiji's TCF exports are to Australia. If Australia agrees to suggestions for extension as well improvements in the S-TCF scheme, it will give Fiji an equitable market access that is comparable to countries like Bangladesh.

Least developed countries like Bangladesh, under the revised rule of origin (RoO) agreement are enjoying the benefit of 25 percent local area content clause for the past six months. Under it, any Bangladeshi product that meets the 25 percent criteria gets zero-duty access to the Australian market.

In addition, the increasing local operational cost is another issue that needs to be addressed. The dramatic increase in raw material costs in the international market has negatively impacted Fiji's competitiveness.

The final decision about the extension and improvements in the TCF scheme rests with the Australian Government. While the scheme's objective is to provide Fiji's goods with a preferential duty-free access to Australian market, the actual method of its putting into operation will be the key area of concern to both the parties.

It is expected that the Australian Government would arrive at a decision before year-end or even earlier.

Fibre2fashion News Desk - India


Must ReadView All

Courtesy: Connor Group

Textiles | On 21st Jun 2018

Protectionism top threat to textile sourcing: William Connor

Protectionism is the biggest political factor and threat affecting...

Courtesy: Tintex

Textiles | On 21st Jun 2018

'Price ratio is key factor for knitted fabrics market'

The price ratio is a key factor for the global knitted fabrics market ...

Leisure sneakers lead US footwear sales: The NPD Group

Apparel/Garments | On 21st Jun 2018

Leisure sneakers lead US footwear sales: The NPD Group

Leisure sneakers dominated US footwear sales between May 2017 and...

Interviews View All

Victor Chao
Esmetex

‘In future, clothing boundary lines will become increasingly blurred.’

Viral Desai
Zenitex Mill Pvt Ltd

Full of green energy

Riddhika Shah
SS Homme

'Worsted wool is the ideal fabric for menswear'

Rikesh Mistry

Jupiter Comtex Pvt Ltd, established in 1973, started its textile machinery ...

Hardik Sanghvi

Idealin Fogging Systems has been engaged in designing and manufacturing...

Abhishek Pachauri

Reckon Industries adapts latest systems for manufacturing from designing...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Vaanee Bhatia
Gritstones Clothing

<div>Delhi-based Gritstones Clothing offers quality and exemplary style...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


June 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Advanced Search