Search Results for: Argentina

Confectionery and related ingredient sales between the European Union (EU) and the Mercosur countries of south America are set to rise after a trade agreement between the two blocs was finalised. A deal in principle had been held over since 2019 while details were ironed out, but these have now been resolved.…

The international can making and filling industry is assessing the impact of a second Donald Trump presidency in the USA, given he has threatened to impose universal tariffs on all imports.

Trump has floated imposing 10%-20% tariffs on all US imports, including trades with countries having free trade agreements with America.…

A new European Union (EU) Commissioner for agriculture and food has been told to draft an EU Vision for Agriculture and Food within 100 days of taking office, expected on December 1. Luxembourger Christophe Hansen takes on this key role in the second European Commission of president Ursula von der Leyen, which will work until 2029.…

The first FATF plenary under the presidency of Mexico’s Elisa de Anda Madrazo has launched the AML body’s fifth mutual evaluation round, while taking initial steps towards boosting inclusivity. For the first time, two external jurisdictions – Cayman Islands and Senegal – were invited to participate in the FATF plenary and working groups as guests, to “broaden the diversity of perspectives at the FATF,” said a post-meeting communiqué.…

New members of the European Commission have been proposed for the next 2024-29 term, starting November 1, with knitwear lobbyists facing experienced hands in the key trade and economy/de-regulation portfolios. Re-appointed Commission president Ursula von der Leyen has nominated Maroš Šefčovič, of Slovakia, as trade and economic security; interinstitutional relations and transparency Commissioner, for example.…

The Ghanaian government has welcomed an “unprecedented increase” in cocoa prices in the 2023/24 season of 129.36% year-on-year as the market responded to production declines worldwide – costing chocolate manufacturers dear. Ghana’s food and agriculture minister Bryan Acheampong said Ghanaian cocoa prices had risen from Ghanaian Cedi GHS20,928/tonne (USD1,325) and GHS1,308 (USD82.80) per 64kg bag in September 2023 to GHS48,000/tonne (USD3,030) or GH3,000 (USD190) per 64kg bag as the season wrapped last month (September 2024).…

A landmark ruling in a Swiss court has clawed back the more than USD1.8 billion two dual nationals defrauded from the fraud and graft-wracked Malaysian investment fund, 1 Malaysia Development Berhad (1MDB). 

The Swiss Federal Criminal Court, in Bellinzona, southern Switzerland, August 28 convicted two former PetroSaudi executives over their role in embezzling money from 1MDB for over six years starting in 2009.…

New members of the European Commission have been proposed for the next 2024-29 term, starting November 1, with paint and coating industry lobbyists facing experienced hands in the key trade and economy/de-regulation portfolios. Re-appointed Commission president Ursula von der Leyen has nominated Maroš Šefčovič, of Slovakia, as trade and economic security; interinstitutional relations and transparency Commissioner, for example.…

The Argentina tobacco leaf sector is optimistic about its 2025 season (February to April), thanks to the policies launched by the government of the libertarian and right-wing outsider President Javier Milei, who took office last December (2023), and growing international demand.…

China’s tobacco consumption has been growing despite its sluggish economy, increasing its import of leaf worldwide. In 2023, China’s tobacco industry generated receipts of Chinese Yuan Renminbi CNY1.5 trillion (USD206 billion), up 4.3% from 2022, according to the China National Tobacco Corporation (China Tobacco).…