Search Results for: World Trade Organisation

Decentralised finance – DeFi for short -is a growing variety of blockchain-based financial services, such as loans and insurance, that can operate without central control from an intermediary. While some say DeFi will democratise finance and liberate the under-banked, it is also an increasing area of interest for anti-money laundering (AML) authorities, who rely on the existence of intermediaries to enforce AML procedures.…

Australia’s development of biofuel and bioenergy production and consumption has been hampered by the Covid-19 pandemic and some diversion of effort into researching and manufacturing renewable hydrogen in the past few years. However, this is about to change with the Australian government working on a Bioenergy Roadmap, which, as Petroleum Review went to press, was about to be released.…

While FATF’s mutual evaluation reports continue to show growing compliance with the organisation’s recommendations, concerns remain that the global AML/CFT system continues to fail in either preventing ML and TF or detecting and punishing such crimes after they are committed.

With FATF undertaking a strategic review since 2018, launched by the former China presidency and continued by the German presidency under Dr Marcus Pleyer, change in how the world fights ML and TF may emerge.…

The question of how to deliver human rights and self-determination to the Palestinians has been debated in many ways and forums, from the establishment of the State of Israel in 1948, through the Oslo Accords of 1993, until the present day.…

The Ethiopian government has attached the US decision to suspend its country from the African Growth and Opportunity Act (AGOA) from January 2. The Ethiopia ministry of trade and regional integration (MoTRI) today said it was disappointed by the move: “We’re currently disappointed by the threat of AGOA withdrawal currently under consideration by the US government,” it said in a formal statement. …

Madagascar’s textile and clothing sector is recovering from the heavy toll taken by the Covid-19 pandemic, initially causing the loss of 11,384 jobs according to government figures released in September 2020, reflecting a steep loss in output. According to Madagascar business association the Groupement des Entreprises Franches et Partenaires, this initially resulted in a drop of 47% in apparel turnover in an island nation whose economy was already under pressure before being hit by a Covid-19-led recession.…

While in recent years, the peaceful approach to progress associated with Islam has not been given a high-profile, because of the activities of extremists, the truth is that there is much to be learned from the Noble Prophet Mohammed about the value of incremental negotiation.…

The Kenyan government is being urged to strengthen the country’s backward linkages in clothing and textile production to ease poorer Kenyans’ reliance on imports of commercial second-hand clothing, factory and shop rejects.
Phyllis Wakiaga, chief executive officer at the Kenya Association of Manufacturers (KAM),  stressed to just-style how the textile, apparel and cotton sub-sector has been identified as a key priority, with the potential for high growth and economic impact.…

The executive director of the Chamber of the Textile and Apparel Industry, of El Salvador (CAMTEX – Cámara de la Industria Textil) has told Just Style how her manufacturing hub is seizing market opportunities growing as Covid-19 ebbs.

Patricia Figueroa, who has been in her job since 2015, also highlighted the challenges the Salvadoran clothing and textile industry will tackle in 2021-22, with CAMTEX’s help.…

THE INTERNATIONAL Sustainability Standards Board (ISSB) will start work in early 2022, based in Frankfurt, Germany, and Montréal, Canada, the IFRS Foundation Trustees have announced at the COP26 climate change meeting in Glasgow, Scotland. The trustees added that the new body would by next June (2022) incorporate the work of the Climate Disclosure Standards Board (CDSB) and the Value Reporting Foundation (VRF), which itself includes the Integrated Reporting Framework and the Sustainability Accounting Standards Board (SASB).…