Search Results for: India

Vietnam’s clothing and textile industry may benefit from the accession to power of a former security minister, industry experts have told Just Style – although his closeness to Russia has raised concerns about weakening vital western trade links. To Lam was appointed President of Vietnam in April (2024) and general secretary of the ruling communist party earlier this month (August 3), the most powerful job in this south-east Asia sourcing hub.…

The China National Coatings Industry Association has complained that a European Union (EU) anti-dumping investigation into Chinese exports of titanium dioxide have sparked anti-dumping tariff rates far higher than expected. The provisional anti-dumping rates announced by the European Commission in July were 39.7% for the Longbai Group, 14.4% for Anhui Jinxing Titanium Dioxide Group, 35% for other responding companies, and 39.7% for other non-responding companies.…

The Himalayan state, the Kingdom of Bhutan, has been slowly improving its AML/CFT systems and legislation – while improvements are being made in adopting FATF-compliant policies and laws, there have been no ML or TF prosecutions. A mutual evaluation report (MER) from the Asia/Pacific Group on Money Laundering (APG), released last June (2023), concluded: “Bhutan has made progress in addressing the technical compliance deficiencies identified…” in past assessments.…

The government of the Himalayan republic of Nepal, squeezed between Asian giants India and China, has passed amendments to 20 laws affecting AML/CFT, as it seeks to avoid a re-grey-listing by FATF (1).

Nepal left the FATF grey list in 2014, after a six-year-stay, but a critical mutual evaluation report (MER) from the Asia/Pacific Group on Money Laundering (APG) called for more action (2).…

Major Indian apparel exporters are awaiting sudden increase in orders expected to move from Bangladesh because of that country’s recent political turmoil. However, a significant sourcing shift by western brands will be limited by constraints in Indian manufacturing infrastructure, Just Style has been told.…

The Indian clothing and textile industry is gearing up to adopt artificial intelligence (AI) powered technologies and other high-tech innovative manufacturing processes to remain competitive, a major industry gathering in Delhi saw last week.

Gartex Texprocess India, a textile industry exhibition with 170 exhibitors and about 15,000 visitors, held from August 1 to 3, also highlighted innovations in sustainable fabrics, eco-friendly trims and high-performance accessories.…

Food and drink industry regulators worldwide are tightening rules and guidance on reducing the use of per- and polyfluoroalkyl substances (PFAS), pushing food manufacturers to develop alternatives to this non-stick chemical used notably in microwave popcorn bags, grease-proof paper and plastic sandwich bags.…

Bangladesh’s accounting professionals have faced a challenging two months as political unrest toppled the country’s former government, which had imposed an internet blackout, hindering mobile and broadband communications with international clients and head offices.

Kowsar Ahmed, a Dhaka-based senior associate accountant working for a Big Four accounting firm (NOTE TO EDITOR – IT IS PWC – BUT HE COULD NOT SAY SO – OR HE WOULD HAVE TO GET PERMISSION, WHICH WOULD HAVE BEEN REFUSED) said: “Most of our clients are from abroad.…

As intensifying international trade frictions highlight the need for Chinese textile companies to spread their risk by investing in production capacity within diverse global markets, Chinese textile companies are indeed expanding their global footprint. That includes downstream as well as upstream segments.…