Today'S International Clothing And Textile Industry Information Collation Report

< p > < strong > the Bangladesh government released the salary of garment and garment workers to raise the communique < /strong > /p >

< p > the Bangladesh government has issued a communiqu notice on the improvement of the minimum wage for garment and garment workers. The notice can be obtained on the website of Bangladesh Ministry of labor and employment and Bangladesh garment manufacturing and < a href= "//www.sjfzxm.com/news/index_c.asp" > export /a Association (BGMEA).

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< p > the new minimum wage will take effect from December 1, 2013, and workers will receive new wages starting next January.

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< p > according to the new wage structure, the 7 level workers of a garment factory will receive 3000 Taka basic salaries, accelerate the rental benefits of 1200 Taka, 250 Taka medical subsidies, 200 Taka traffic subsidies and 650 Taka food subsidies.

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< p > however, an intern or apprenticeship will receive 4810 Tucker minimum monthly wages in the first three months, which can be extended for three months, but will be appointed as a fixed worker below 7 after the end of the internship.

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< p > in addition, the workers will receive an annual increase of 5% of the basic wage from now on, which is not in the previous wage structure.

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< p > in addition, the communique also stated that the wages of a worker could not be reduced compared to the current level, even though he (she) had a higher salary than the salary applied in the new wage structure.

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In the same way, if a garment factory pays more food subsidies than the new wage structure, this kind of food subsidy can not be reduced in this case, P >.

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< p > < strong > Australia and South Korea complete free trade agreement negotiation < /strong > < /p >

< p > Australia has completed consultations with South Korea's "a href=" //www.sjfzxm.com/news/index_c.asp "free trade < /a > agreement. South Korea is Australia's third largest commodity export market, the fourth largest trading partner, Australian Prime Minister Toni Albert and trade and investment minister Andre rob at a joint press conference.

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< p > the news release said: "as a result of the agreement, Australia's tariffs on major export products to Korea will be abolished, and there will be obvious new markets in terms of services and investment.

This free trade agreement can plate into higher economic growth and bring more employment to Australians.

The benefits of this free trade agreement can be seen immediately and for a long time.

The independent model shows that the agreement will reach 5 billion Australian dollars over the next 2015-2030 years, and will boost the Australian $650 million every year in the next 15 years.

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< p > however, some sectors, such as textiles and clothing, may face competition growth from Korean imports, the Australian government's foreign affairs and Trade Department said.

This impact will be consistent with the liberalization process that has already been carried out in the Australian economy.

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The P Australia Australia free trade agreement was held by Australian Trade Minister Andre rob and South Korean trade minister Yin Xiangzhi. The agreement will be signed soon, and will be implemented after Australian and Korean domestic approval procedures have been obtained respectively.

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The P Korea and Australia free trade agreement has ensured that Australia is in the main market position, while competitors such as the United States, the European Union and ASEAN countries have benefited from preferential imports.

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< p > in 2012, bilateral trade between Australia and South Korea reached 31 billion 900 million Australian dollars.

Among them, Australia's exports to Korea amounted to 21 billion 600 million Australian dollars, accounting for 7% of Australia's total exports, while Australia's imports from Korea reached 10 billion 300 million Australian dollars.

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In the past 10 years, Audi's direct bilateral investment with Korea has increased significantly, P.

By the end of 2012, South Korea's total investment in Australia reached 12 billion Australian dollars, an increase of 637 million Australian dollars in 2002.

Over the same period, Australia's investment in Korea increased by more than three times, from 3 billion Australian dollars in 2002 to 10 billion 400 million Australian dollars in 2012.

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< p > < strong > the Egyptian government is considering the injection of 5 billion pounds to save the textile industry < /strong > /p >

< p > the Egyptian government is considering the injection of 5 billion pounds to save the state-run a href= "//www.sjfzxm.com/news/index_c.asp" > the textile industry < /a >, a senior government official told the Turkey news agency.

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"P > negotiations with many banks, including the Egyptian National Bank, are currently in progress to form an alliance to raise some of the capital needed for 10000 textile factories," says mot Saeed, a member of the board of state investment bank of Egypt's Ministry of planning.

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(P) Egypt set up a ministerial committee to reorganize the textile sector and liquidate wasteland and corporate assets as a prelude to the sale and reorganization of some funds to replace these wasteland and assets with government agencies, including the national investment bank and the state investment bank, the largest creditor of these textile companies.

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< p > the rescue plan includes replacing and updating all the machinery and equipment of the factory to ensure quality production, Saeed said.

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< p > textile industry is one of the labor-intensive industries, employing over 60 thousand workers, according to the statistics of spinning and weaving holding company.

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< p > spinning and weaving holding company operates 32 factories, which owe 4 billion 500 million of Egypt's state investment bank's debt.

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