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Vietnam’s ministry of industry and trade (MOIT) has released a draft amendment to the country’s Law on Chemicals. The draft amendment stipulates that all chemicals, including paint and coating ingredients, must be declared when imported through Vietnam’s National Single Window Information Portal.…

International organisations and academics are warning central banks to take AML/CFT into account as they develop central bank digital currencies (CBDC), although pressures to guarantee privacy might undermine such controls. According to 2023 research from the central banks’ central bank, the Basel, Switzerland-based Bank for International Settlements (BIS), 93% of central banks are now exploring or developing CBDCs (1).…

A new FATF survey has suggested significant advances are being made in imposing AML/CFT on the use of virtual assets (VA) and on virtual asset service providers (VASPs), with 49 out of 58 countries surveyed establishing controls. The survey assessed all FATF members plus 20 jurisdictions with materially important VASP activity, including Russia, which remains suspended from FATF because of its ongoing invasion of Ukraine.…

Smart textile suppliers need to take account of electronics safety rules as well as regulatory controls and standards for regular fabric-based products can be a significant challenge, especially in Asia, where legal regimes may be less familiar to western companies.

But the importance of understanding these rules is clear given the extensive sourcing that continues in Asia, especially should smart textile product makers wish to sell their products in populous and often wealthy Asian markets.…

While the global footwear market is always buoyed by the basic human need for shoes, the supply chain difficulties caused by Covid-19 and Russia’s invasion of Ukraine, and the recent wave of inflation, has challenged the industry, especially high-end brands.

With inflation abating, manufacturers and retailers are starting to relax, however, with market researchers bullish about the footwear industry’s medium-term prospects.…

The European Union (EU) Council of Ministers has given its final approval to an EU directive insisting that EU member states criminalise and impose dissuasive punishments on the deliberate evasion of sanctions (1).

This law has been drafted amidst rising concern that Russia and Russians are effectively bypassing the slew of sanctions ordered following their country’s ongoing full-scale invasion of Ukraine (2).…

New digital and intelligent technologies are creating sweeping changes across the textile and clothing sector, with design being a particular focus of these innovations. Their goal is not to replace design brilliance, but rather to assist the inspiration and bring more popular designs to market in a cost-efficient way.…

The European Association of Sugar Manufacturers (CEFS) have joined with five other European food industry associations to press the European Union (EU) to protect the EU sugar and honey industries against large import flows from Ukraine. Because of Russia’s invasion, Ukraine’s ability to service traditional markets has been impeded – with significant amounts of product entering the EU instead.…

Digital textile printing has been growing significantly in popularity and demand within the Indonesian clothing and textile sector, Rizal Tanzil, the secretary-general of the Indonesian Textile Association (API – Asosiasi Pertekstilan Indonesia). Speaking to Digital Textile, he stressed that it offered more flexibility and customisation for a wide range of textile applications, such as clothing, bags, hats and accessories.…