Search Results for: united nations

Brazil, which is among the countries with the highest alerts (1.36 million in 2023) for financial crimes involving shell companies, as per the Moody’s Shell Company Indicator quoted by CNN (1), “has made important strides to improve” its  Anti-Money Laundering and Counter-Terrorism Financing (AML/CFT) system and “is achieving some positive results”, but still “needs to strengthen cooperation and coordination between certain authorities and improve prosecution”, warned the Financial Action Task Force (FATF) in 2023 (2).…

The Peruvian alpaca textile and clothing sector is trying to increase formal exports to the United States, despite some trading problems undermining its position. 
Peru’s minister of foreign trade and tourism, Úrsula Desilú León Chempén promoted these sales at garment fairs Sourcing at Magic New York and Coterie New York, in September (2024), stressing Peruvian fabric’s “wide range of materials that are of excellent quality, high durability, and sustainable”, promising to “continue strengthening” the industry (https://efecomunica.efe.com/en/peruvian-textile-companies-look-to-increase-exports-to-us-market/…

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 World Bank study released in October revealed that 58% of Indonesian households with visible interior paint still use products containing lead, posing significant health risks, especially to children under five. An estimated 10.2 million young Indonesian children live in homes with lead-based paint, with 14% of them at heightened risk from deteriorating paint conditions, according to the report.…

Jordan’s textile and leather industries have made impressive strides over the past six months, driven by a robust increase in exports and greater investment in raw materials, despite ongoing conflicts in neighbouring Lebanon and Israel.

Indeed, Jordan’s combined textile and leather industry achieved remarkable year-on-year growth of 11.8% in the second quarter of 2024, said Ihab Qadri, representative of the leather and textile industry at the Jordan Chamber of Industry (JCI).…

Member companies of the Foreign Buyers Association of the Philippines (Fobap) fear failing to reach a USD1 billion-mark in apparel export revenue in 2024, but they hope for improvement next year, as a free trade agreement (FTA) between the Philippines and South Korea is expected to enter into force.…

Fashion retailers worldwide have publicly committed themselves to achieving ambitious sustainability goals, ranging from reduced emissions to greater circularity of materials through more effective recycling. Some of these goals have been adopted from external sources, such as the United Nations Sustainable Development Goals (UN SDGs) (https://sdgs.un.org/goals…

The Biden administration’s September 6 (2024) decision to renew the suspension of Ethiopia from membership of the African Growth and Opportunity Act (AGOA), which once granted the Horn of Africa duty-free access to the USA, is forcing Africa’s second most populous country to look east for alternative textile and clothing investment and export sales.…

The global cotton supply chain is expected to be impacted by extreme weather events, trade disputes, geopolitical tensions, increasing regulation and more complex shipments in 2025, but traceability and innovation might help to reinvent the sector, experts have said.
According to the US department of agriculture, “2024/25 global cotton consumption is forecast at 115.2 million bales (…) more than 9 million bales below the record level witnessed four years ago”, thanks to more production and consumption of man-made fibres (1).…