Search Results for: India

BY JONATHAN THOMSON
CARMAKERS have experienced tremendous growth in the Asia Pacific region recently, as China and India in particular generate new sales and manufacturing opportunities. General Motors recently announced that its 2005 first quarter production figures for the region were up by around 14% compared with 2004, with Ford and other leading manufacturers predicting similar growth.…

BY DEIRDRE MASON
ALTHOUGH the US economy is still somewhat sluggish, there are little signs so far that this is having a serious effect on the overall performance of the American paint and coatings industry. Where changes are likely to be seen over the coming years is within individual markets for these products.…

BY KEITH NUTHALL
CHINA’S competitors in the race to exploit this year’s abolition of clothing and textile import quotas have been holding their own in sales to the European Union (EU), new trade figures show. Released by the European Commission, the statistics illustrate how China has – as expected – grown EU exports sharply: from January to May, it sold Euro 7.3 billion’s worth of clothing and textile products, up from Euro 5.4 billion the previous year.…

BY KEITH NUTHALL
GLOBAL tea production hit a new record high in 2004, growing 2% to reach an estimated 3.2 million tonnes, the UN Food and Agriculture Organisation has reported. The expansion was mainly due to increases in Turkey, China, Kenya, Malawi, Sri Lanka and Indonesia, offsetting declines in other major producing countries, notably India and Bangladesh.…

BY KEITH NUTHALL
THE EUROPEAN Commission has proposed reimposing existing countervailing duties on imports into the European Union (EU) of Indian manufactured broad-spectrum antibiotics amoxicillin trihydrate, ampicillin trihydrate and cefalexin. Brussels fears EU producers would suffer from an abolition of protection, from Indian government production subsidies.…

BY KEITH NUTHALL
THE GLOBAL sugar industry will scrutinise the text of an appeal verdict issued yesterday (28-4) by the World Trade Organisation (WTO), confirming an earlier decision that European Union’s (EU) existing sugar subsidies break WTO rules. The European Commission has already accepted the decision, which is important, because it will on June 22 publish detailed reforms and EU agriculture Commissioner Mariann Fischer Boel has responded: “I will take account of this verdict when I finalise the reform proposals”.…

BY KEITH NUTHALL
BETTER efforts need to be made to ensure a “culture of safety” exists in nuclear power plants worldwide, a meeting of the parties to the United Nations Convention on Nuclear Safety has concluded. Debating the current problems the idea at the International Atomic Energy Agency (IAEA) headquarters in Vienna, the meeting noted “in some instances…safety culture in nuclear power plants should be strengthened as deficiencies were reported in areas of decision-making, even management and internal communications”.…

BY ALAN OSBORN
SUDDENLY accountants are being held in unusually high esteem and it’s all because of their work in connection with the relief effort for victims of the Boxing Day tsunami. To date some Pounds 4.7 billion for the stricken countries has been raised worldwide but nothing like that sum has yet got through to the people affected; some of it stolen perhaps and some of it wasted, but a lot of it bogged down in inadequate financial infrastructures: step forward the big multinational accountancy firms who have provided staff, management and professional advice and training, a good deal of it on a pro bono publico basis.…

Keith Nuthall
THE EUROPEAN Commission has made the case for governments and inter-governmental organisations increasing their influence over cross-border accountancy bodies, such as the International Accounts Standards Board (IASB). In a green paper on financial services, Brussels said that “the debate about the future governance, funding and political accountability of global standard-setting bodies….are…

BY ALAN OSBORN
CHINA’S presence at the meeting of the Financial Action Task Force (FATF) in Paris in February was a powerful reminder of how the world’s great economic, trade and regulatory institutions are changing, with consequences that few people probably fully grasp today.…