Search Results for: Switzerland

Last November (2020), the European Court of Justice (ECJ) ruled that cannabidiol (CBD) liquids for e-cigarettes that were lawfully produced in a European Union (EU) member state are not narcotics and can be sold in any other EU country. The ruling was welcomed by the EU CBD sector, which has said it helps open-up the European market to products that often fall into a legal grey zone due to their origins in hemp, or cannabis with little or no intoxication effects.…

INTRODUCTION

In a highly technical textile sector segment such as the manufacture of compressed garments, the use of detailed standards to guide production is not just useful in guaranteeing quality output, it can help manufacturers and brands’ marketing. Where products are associated with international, regional, national and private standards, this builds confidence in consumers, promoting sales.…

A trade war over airplane manufacturing subsidies between the USA and UK, which has led to 25% additional duties being levied on British knitwear exports to America, appears to have been resolved. The EU and the USA have suspended for five years retaliatory duties that both sides have imposed on each other’s exports in the long-running ‘Airbus’ subsidy dispute.…

The International Accounting Standards Board (IASB) will consider allowing the amortisation of goodwill, maintain some harmony with USA GAAP (generally accepted accounting principles). A joint US Financial Accounting Standards Board (FASB)/IASB education meeting discussed FASB plans to allow goodwill amortisation. “Most of those respondents commenting said that convergence on this topic with US GAAP was desirable,” said a meeting note.…

SWITZERLAND and the European Union (EU) will gain nothing by throwing away existing trade rules after long-term negotiations to create a new comprehensive EU-Swiss ‘Institutional Framework Agreement’ collapsed, dairy industry experts have told Dairy Industries International (DII).

Talks ended on May 26, when Switzerland’s Federal Council announced it would not pursue its discussions with the EU, over concerns that a major EU deal would undermine Swiss wages, give EU immigrants social benefit rights and reduce Swiss government powers to subsidise particular chosen industries.…

INTRODUCTION

THE MANUFACTURE of protective masks has been maybe the largest growth area in the international textile and non-wovens industry during the Covid-19 pandemic. Billions of people have donned masks as they seek to avoid catching a disease that by June 11 (2021) had killed 3.7 million people and infected 175 million [1].…

The fight is on to save Swiss textile industry unfettered access to European Union (EU) internal market and research programmes after Switzerland pulled the plug on seven years of talks aimed at a new trade and cooperation treaty. A May 26 Swiss Federal Council statement (1), explaining why it could not support the projected Institutional Framework Agreement (InstA) deal, cited “substantial differences” on “key aspects” of the draft agreement mapped out in 2018.…

The Angolan government has been implementing several measures to improve the weak reputation of its higher education system, such as stricter accreditation and assessment laws, with some experts saying these changes need to be implemented more comprehensively.

Since the current President João Lourenço took office in 2017, after almost 38 years under José Eduardo dos Santos’ command, the country has undergone significant change.…

THE EUROPEAN Commission in June (2021) signalled it was running out of patience with Malta and Cyprus over their ‘golden passport’ schemes which allow people investing in these small island nations to effectively buy citizenship. The European Union (EU) executive has long warned that such policies contain significant ML risks, releasing a detailed report in 2019 that highlighted concerns that governments failed to properly screen the source of funds used to gain golden passports.…

As the world looks upon China’s oppression of the Uyghurs in Xinjiang, clothing companies have been stepping carefully around calls for brands to refuse to handle fabric that includes Xinjiang cotton.

Xinjiang grows 87% of Chinese cotton crop, with 5.16 million tonnes produced in 2020.…