Search Results for: Mauritius

THE EUROPEAN Chamber of Commerce in Vietnam (EuroCham) is predicting that trade in clothing and textile products between Vietnam and the European Union (EU) will grow significantly once the free trade agreement struck between the two jurisdictions comes into force next year (2018).…

MAURITIUS has embarked on a comprehensive reform of its national corporate governance code, the island state’s first such change in almost 13 years. This programme has been welcomed by accounting and law professionals as an important milestone by the local business community.…

Sri Lanka’s cosmetic and beauty product manufacturers are becoming increasingly anxious over the lack of sales regulations, promoting significant volumes of lower grade cosmetic imports, putting local manufacturers at risk. 

Until July 2015, there was a specific authority to oversee cosmetic products being imported as well as distributed in the country.…

AFRICA’S economic growth means it does not just have more banks than before, banking groups are spreading across national borders. And while this can boost banks’ lending and savings security, it also complicates the job of regulators charged with ensuring such institutions are honest and solvent.…

The emergence of Brazil as a major economic power and highly promising market of 200 million inhabitants is luring Mauritian textile producers to foray further in Latin America’s largest national market. Indeed, despite Brazil’s ongoing economic recession, Mauritian textile and clothing exports to the country have more than quadrupled since 2012, according to trade promotion body Enterprise Mauritius.…

A MEETING of the European Parliament’s special committee on tax rulings has grilled multinationals over European Union (EU) member state tax rulings. The European Commission fears they have been abused by governments giving companies low tax rates in return for registering businesses in their jurisdictions.…

Regardless of the debate about whether China is losing its shine as a clothing source, brands will always be looking for a competitive edge in new manufacturing hubs.

Myanmar’s low wage garments sector, for instance, is poised for rapid growth. The country’s first democratically elected government in 50 years is set to assume power in April and several reforms have already been made to bolster the country’s appeal as a sourcing destination for international clothing brands.…

ONCE clothing sourcing was all about China. No longer. Recent years have seen a continuous decline in China’s export industry, especially in labour-intensive sectors such as clothing and shoe manufacturing, because of rising labour costs and an appreciating Chinese Yuan Renminbi (CNY or RMB).…

While many economies in Africa are growing fast, there is a consensus amongst accountants that the continent has to build its business reporting and administration to make sure this growth is sustainable. Indeed, the third African Congress of Accountants (ACOA), staged in Port Louis, Mauritius, from May 11 to 14, heard that this essential work is needed now, even as some countries remain marred by severe socio-political unrest, economic instability, poverty, famine and disease.…

Although Morocco’s garment production industry is well established, supplying giants such as Inditex, it is investing in capacity to compete with Asian rivals and new African competition, such as from Ethiopia and Mauritius.
As part of the 2014-2020 Accelerated Industrial Plan, the Moroccan government has assigned Moroccan Dirham MAD3 billion (USD304 million) for grants between these years for industrial small-and-medium sized enterprises (SMEs) with established supply chains and sales networks.…