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The subject‐matter of this article is the recently altered trade policy and practice of Australia and their consistency with the WTO multilateral trading policies and principles. Following its unhappy experience with the power and politics driven trading under GATT, Australia unequivocally supported the legalistic approach of the WTO trading system during the Uruguay Round. Its active participation in the WTO has given it a fair share of global free trade. The rule‐based trading framework of the WTO protects, more often than not, Australia from powerful trading states and blocs using their economic clout to gain unfair terms of trade. Australia has recently opted to pursue its multi‐track trading together with its commitments to WTO multilaterial trade liberalization. Since 2002, it has been negotiating a preferential bilateral free trade agreement with its preferred trading partners. The flurry of such negotiations has resulted in the conclusion of a preferential bilateral free trade agreement with Singapore in 2003. Negotiation towards a similar agreement with the U.S. is ongoing. A preferential trade agreement (PTA) is by nature discriminatory and as such inconsistent with the Most Favoured Nation (MFN) rule under GATT Article I. Despite this apparent contradiction, GATT Article XXIV permits bilateral PTAs as an exception to the MFN rule under certain explicit conditions, which militate against discriminatory, differential and unequal trading deals among WTO members. This article examines the extent to which the existing and potential PTAs of Australia comply with the conditions of GATT Article XXIV. It concludes that these PTAs are not complementary, if not obstructive alternatives, to the WTO multilateral free trading system. They are not in the best long‐term trading interest of Australia either.

This paper aims to investigate the marine vehicle accident characteristics in the inland waterways of Bangladesh, with particular emphasis on collision type accidents.

Accident data were collected from different sources such as the daily newspapers, reports of Department of Shipping (DOS) and Bangladesh Inland Water Transport Authority (BIWTA). The accidents are analysed according to different variables such as vehicle type, time distribution, spatial distribution, weather condition, nature of casualties, and others.

The study revealed that the leading causes of accidents were collision between ships, trawlers and country boats and loss of stability due to Nor'wester (a seasonal storm that appears from the north and western directions). Of the accidents, 80 per cent involve cargo vehicles hitting other vehicles. Collisions have increased dramatically over the last decade and the number of fatalities has increased significantly.

Many accidents in Bangladesh often remain under‐reported owing to limited exposure to the media, which is probably because the victims represent the poorer segment of society. This under‐reporting appears to be a major barrier for accident analysis and prevention.

The paper provides an explicit idea on the characteristics of accidents, so that the problem can be easily comprehended and necessary action can be taken by different stakeholders, such as operators, law enforcement agencies, designers, users and others concerned in order to come up with a coordinated action plan to stop these severe incidents.

The multilateral liberalisation of trade in education under the General Agreement on Trade in Services (GATS) has achieved little progress. In a bid to overcome this lacklustre education trade liberalisation under the World Trade Organization (WTO), the purpose of this paper is to examine education trade bilateralism between Australia and India as an alternative to multilateralism. The end is to maximise bilateral trade liberalisation in education as a means to facilitate dynamic productivity gains, export opportunities, market competition, and FDI in the sector. The combined effect of this bilateralism would help accelerate economic growth in both countries, which is likely to generate domino effects on other WTO members, thereby contributing to the multilateral liberalisation of trade in services under the WTO.

The research methodology is analytical, based on pertinent empirical and secondary information.

Strong complementarities and synergies are found for the integration of trade in education services between Australia and India. Of the major exporters of education services, Australia enjoys the most competitive edge and comparative advantage in the Asia‐Pacific. India faces strong demands for quality education services due to its economic reforms and expansion requiring knowledge‐based workforce for high efficiency and productivity and has become a major importer of education services in the region.

The paper identifies new means of consolidating Australia and India's existing trade, niche areas of further opportunities, and potential challenges to be confronted for greater economic integration through trade in education. The originality of the paper lies in its core message that education trade bilateralism can be a valuable stepping stone, in many instances, to multilateral trade in education.

The properties of polyester/cotton (PC) fabric after chemical treatments as lining in woolen suits has been investigated, as the purpose of this paper is to study the influence of different finishing agents and their concentration on the properties of PC fabrics.

Three different chemical finishes such as anti-slip finish, softener and moisture management finish were applied to currently popular 80/20 PC pocketing fabric at three different concentration levels. A total of 60 seams were produced from 2/1 twill woolen shell fabric and chemically treated lining. Six important tests defining comfort and seam’s quality of lining fabric were chosen, namely, seam strength, seam slippage, stiffness, drape, water vapor transmission (WVT), abrasion resistance to study its properties and testing were done as per standardized test methods.

Chemical treatments affect the properties of PC fabric used as lining significantly in terms of seam strength, seam slippage, WVT and abrasion resistance. Among the three applied chemical finishes softener, at 20, 40 and 60 g/l, was found to be the best choice to make PC fabric suitable in terms of seam performance, durability, drape and comfort for use lining in suits with economic advantage.

The paper contributes to understanding the properties of relatively cheap 80/20 PC pocketing fabric used as lining in a suit.

This paper aims to examine whether the Sharīʿah indices outperform the conventional indices as evident from Dhaka Stock Exchange (DSE). To achieve the objective, the study, first, assesses the risk adjusted returns of the Sharīʿah and conventional indices and compares the same between the two indices. Second, it examines the short-run and long-run associations between the two indices.

The DSEX Sharīʿah index and DSE broad index of the DSE are used as representatives of the Sharīʿah and conventional indices, respectively. The study uses monthly data for the period 2014–2018 and applies a number of techniques such as risk adjusted returns, Johansen’s cointegration test, vector error correction model, Granger causality test, forecast error variance decomposition and impulse response functions techniques.

The study reveals that albeit there is no significant difference in simple mean between the two indices, the Sharīʿah index outperforms its conventional counterpart based on the risk adjusted returns. The two indices are associated only in the long-run, while no causal relationship is spotted between them. The overall results show that the Sharīʿah index has dominance over the conventional index in Bangladesh.

The study could use more pairs of indices, including additional variables such as financial crisis and macroeconomic variables.

The study has important implications to investors, especially the religious Muslims and ethical ones, who are suggested to invest their funds in the Sharīʿah index without sacrificing returns, rather be monetarily more benefited. Moreover, the other investors can generate diversification benefits by adding both Sharīʿah and conventional indices in their portfolios in the short-run.

Unlike previous studies, this study endeavors to use a comprehensive methodology to conduct its analysis. Moreover, this is supposedly the first ever effort to conduct such a study in the context of Bangladesh.

This article examines the application of "resource dependency theory" to transnational corporations (TNCs) operating in host countries like Bangladesh to explain the relationship between the TNCs and Bangladesh. Data indicate that while the TNCs' participation in a third world host country is encouraged primarily for promoting its economic development, TNCs are mainly attracted by market size, purchasing capacities (determined mainly by GNP) of the population, and stable political condition of the country. Although examination of the application of resource dependency theory provides some insights into understanding the complicated relationship between TNCs and Bangladesh, several other factors, not explained by resource dependency theory, help explain the behavior of TNCs in a host country

This paper analyzes the perceptions of Bangladeshi civil servants towards public procurement and contracting practices in Bangladesh. The interview method was used in the study to analyze the perceptions of the Bangladeshi civil servants towards public procurement and contract-related issues in Bangladesh. The study reveals that civil servants of Bangladesh have diverse and varying perceptions towards public procurement and contracting practices in Bangladesh, even though they share some commonalities. The results of the survey demonstrate that a majority of the civil servants are in general familiar with public purchasing in Bangladesh. While earlier research depicted that almost all the civil servants in the US public agencies were found quite familiar with contracting and outsourcing, this study shows that less than a moderate percentage of the civil servants of Bangladesh is quite or pretty familiar with contracting and/or outsourcing.

This study explores young consumers' motivations for purchasing Virtual Luxury Non-Fungible Token Wearables (VL-NFTs) from luxury brands, which are virtually crafted luxury wearables minted as blockchain-based NFTs. Specifically, it investigates the relationships among consumers' perceived value of VL-NFTs, engagement with NFTs and purchase intention and the mediating effect of consumer engagement with NFTs.

Data were collected via an online survey of 504 young US consumers who had previously considered purchasing luxury fashion products and NFTs. Structural equation modelling was adopted for analysis.

Perceived economic, functional (uniqueness) and experiential (self-directed pleasure and affiliation) values of VL-NFTs directly influenced consumers' purchase intention. While symbolic value (self-presentation and conspicuousness) did not significantly influence purchase intention, it facilitated consumer engagement with NFTs. Moreover, consumer engagement mediated the relationship between economic and functional values and purchase intention.

The sample was only comprised of young consumers, limiting the generalizability. Additionally, consumers may perceive VL-NFTs differently because of differences in past experiences and the varying VL-NFT types, necessitating further investigation on consumers' motivations across different types of VL-NFTs.

This study contributes to the existing literature by examining the importance of multifaceted perceived-value dimensions and engagement with NFTs in consumers' motivation for purchasing VL-NFTs through the lens of the customer value framework.

This study investigates the relationships between knowledge management capabilities (KMC), supply chain agility (SCA) and disruption mitigation performance (DMP) in the U.S. fashion retail industry (FRI) during turbulent times, such as a pandemic.

An online survey was used to collect 320 responses from U.S. fashion retail professionals. Structural equation modeling was used for analysis.

Among the two KMCs, knowledge infrastructure capabilities act as enabling factors for knowledge process capabilities (KPC) in U.S. fashion retail settings. The KPC were found to be positively associated with SCA, and SCA was positively associated with both pre- and post-DMP of U.S. fashion retailers.

This study adds to the literature on KMC, SCA and DMP from the FRI context and illustrates the impact of effective organizational knowledge management for supply chain (SC) disruption mitigation through agility in a volatile market.

The results inform fashion retail companies on how to transform their organizational dimensions through effective management of knowledge, i.e. digital escalation and innovation, to establish an agile and sustainable SC to mitigate future market disruptions.