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THE WOOL industry worldwide needs to bolster its reputation for sustainability, amidst increasing siren attacks on its marketing position from animal rights and environmental activists, the 2018 International Wool Textile Organisation (IWTO) Wool Round Table, in Buenos Aires, Argentina, heard this month (December 3-4).…

The US and China at the G20 meeting in early December settled for a 90-day suspension of their bilateral trade war including a halt to any additional tariffs, but sourcing patterns are not going to become business-as-usual any time soon for China’s soybean sector.…

It is hard to avoid either a cosmetics store or an advertisement for one in Chinese cities today. A mind-boggling wave of new retailers set up by investment firms to cash in on the cosmetics and personal care boom are eagerly seeking franchisees around the country.…

THE WORLD Trade Organisation (WTO) Disputes Settlement Body (DSB) has approved establishing disputes settlement panels ruling sought by the USA on whether retaliatory duties imposed by the European Union (EU), Canada, China, and Mexico on US confectionery and sweet bakery and associated ingredient exports, imposed in response to America’s controversial steel and aluminium tariffs, break WTO rules.…

THERE are few more complex accounting issues than transfer pricing (TP), and as the world’s economy becomes more integrated and tax jurisdictions impact each other, experts such as the OECD’s Tomas Balco are increasingly in demand.

Heading the OECD’s transfer pricing unit in the organisation’s Centre for Tax Policy and Administration, Balco commands an almost encyclopaedic technical knowledge of tax.…

*Brazil has been told to reform tax breaks given to Brazil-based manufacturers of automobiles and information technology products. The World Trade Organisation’s (WTO) appellate body has ruled that they break WTO rules on giving special tax favours to domestic producers over importers.…

A BUDDY training system has been launched by the International Civil Aviation Organisation (ICAO), enabling countries with significant regulatory capacity to help other states prepare for the upcoming CORSIA (Carbon Offsetting and Reduction Scheme for International Aviation) scheme. ICAO has been training national officials to advise on ensuring CORSIA’s legal requirements are written into local laws and also on building the emissions data monitoring, reporting and verification systems they need to measure their airlines’ carbon footprint.…

MPs in Canada have returned to their House of Commons after the traditional summer break, when they are expected to vote on a draft law, the Cruelty-Free Cosmetics Act, that would ban the testing of cosmetics and their ingredients on annals in Canada and block the sale of personal care products that have been assessed using such techniques.…

AN INDUSTRIAL chemical used to make paints, primers, varnishes and coatings should be regarded as carcinogenic and regulated accordingly, a European Chemicals Agency (ECHA) committee has concluded. Its committee for risk assessment (RAC) said that exposure butanone oxime carried this risk as well as causing drowsiness or dizziness if swallowed and being harmful in contact with skin, could cause damage to the upper respiratory tract after a single exposure and damage to the blood system through prolonged or repeated exposure.…

The recent sight of a Chinese internet celebrity in a milking parlour in Limerick could be a hint of what the future holds for Ireland’s increasingly international dairy industry. Xiao Lu Yu, one of the ‘influencers’ who monetise Chinese social media (see https://m.weibo.cn/status/4279583182420503…