Search Results for: Tunisia

Tunisia’s textile and clothing industry association, the FTTH (Fédération tunisienne du textile-habillement) has commissioned a report on the impact of Covid-19 on this outsourcing centre, including policy options to enable its companies to recover. It will work with the Middle East and north African wing of the Global Textiles and Clothing Programme (GTEX/MENATEX) over two months to generate a post-pandemic plan.…

Paint and coating manufacturers and retailers in North Africa have been struggling with the outbreak of the Covid-19 virus, just as have their counterparts in other regions, however some markets and industries in the region seem better placed to cope with the pandemic’s economic impact than others.…

The vice president of the Tunisian Textile and Garment Federation (FTTH) has warned that this important north African outsourcing hub faces harmful disruption from the Covid-19 crisis, despite the proactivity of the Tunisian government. It and the Central Bank of Tunisia have announced emergency measures to support businesses, such as cutting interest rates, delaying the date of tax payments and supporting banks who lend with delayed repayments.…

AS online food sales boom to aid self-isolation during the Covid-19 outbreak, the risks of counterfeiting and piracy within the food and drink sectors will become more evident. This comes as regulators are mulling tougher action to fight this commercial crime.…

IMPROVING on performance in AML/CFT is never a simple process, and that is especially a case with a country such as Bulgaria which has had a long-standing corruption problem, causing this east European country to be under special monitoring by the European Commission from the day it joined the European Union (EU) in 2007.…

Morocco’s textile and garment industry is undergoing an intense process of development to better meet today’s business challenges and the intense competition within the crowded international garment production sector.  With a mere 10 kilometres of Strait of Gibraltar seawater between Morocco’s key port Tanger-Med and Spain, Morocco should be a natural choice to lead in short ordering and fast fashion for European markets, however things are never just that simple.…

HONG Kong has signed an avoidance of double taxation agreement with its neighbour Macao, designed to boost trade and investment in the Guangdong-Hong Kong-Macao Greater Bay Area of southern China. The deal will ensure that any Macao tax paid by Hong Kong residents earning income from Macao will be a tax credit in Hong Kong and vice versa for Macao residents.…

African garment and textile manufacturers are trying to create more synergy to better integrate the supply chain within the continent, but North African producers still dominate, and are expanding capacity, particularly in Egypt, say participants at a major regional industry meeting.…

African manufacturers are trying to integrate sustainability in their textile and fashion supply chains as retailers demand compliance with increasingly high standards fuelled by consumer pressure. But to do so, manufacturers are asking for assistance from international organisations to implement change.…

The British subsidiary of French engineering giant Alstom has been fined GBP15 million (USD19.37 million) plus GBP1.4 million (USD1.8 million) costs over bribes it paid to win a key contract to build trams to serve the Tunisian capital Tunis. The fine comes more than a year after Alstom Network UK’s April 2018 conviction for bribery and corruption, in a case brought by the UK Serious Fraud Office (SFO). …