Search Results for: Pakistan
10 results out of 489 results found for 'Pakistan'.
INTERNATIONAL REGULATORY ROUND UP – CAOBISCO WARNS EU CONFECTIONERY EXPORTERS MAY STRUGGLE TO EXPLOIT JAPAN TRADE DEAL
THE EUROPEAN Union (EU) chocolate, biscuit and confectionery industry association CAOBISCO has raised concerns that EU exporters will be unable to exploit the reduction of Japanese tariffs under the EU-Japan Economic Partnership Agreement (EPA), in force since February 1. CAOBISCO is concerned about how the deal includes rules of origin forcing its members to demonstrate how they source specific volumes of ingredients from the EU, rather than their value, which would be easier to demonstrate.…
PAKISTAN TEXTILE EXPORTERS UPSET OVER TENSE SITUATION ON BORDER WITH INDIA
PAKISTAN’S textile manufacturers and exporters appear divided over the possible negative impact on the country’s textile sector arising from prevailing tensions on the Indian border.
According to exporters, concern cause by air strikes by India in Balakot – in Pakistan’s Khayber Pakhtunkhwa province – on February 26 – will affect export volumes as some foreign buyers may have diverted new orders to other countries like Bangladesh and China.…
INDIAN TECHNICAL TEXTILE SECTOR DEVELOPS DOMESTIC STANDARDS AS MILITARY OPENS UP TO PRIVATE SUPPLIERS
INDIA’S large military forces are to start sourcing a significant volumes of technical textile products from private companies from next year (2020), opening up a new market for local and international manufacturers, delegates at a recent conference were told in New Delhi.…
PAKISTAN TEXTILE EXPORTERS WELCOME NEW TAX CONCESSIONS
GOVERNMENT moves in Pakistan to rationalise taxes, duties and other levies for exporting manufacturers have been widely welcomed by the country’s textile sector.
The government has withdrawn a 3% customs duty, 2% additional customs duty and 5% sales tax on imports of raw cotton, meeting a further long-standing demand of the textile industry, besides allowing a five-year tax break for new textile manufacturing plants.…
EU PLANS BLACKLISTING OF AMERICAN TERRITORIES OVER AML/CFT FAILURES
THE EUROPEAN Commission has included four American external territories – Puerto Rico, the US Virgin Islands, Guam and American Samoa – on a proposed blacklist of weak AML/CFT jurisdictions released today (Feb 13).
Brussels’ updated list includes 12 countries that are viewed with concern by the Financial Action Task Force (FATF) – the Bahamas, Botswana, North Korea, Ethiopia, Ghana, Iran, Pakistan, Sri Lanka, Syria, Trinidad & Tobago, Tunisia and Yemen. …
ADDITIVES MANUFACTURERS SEEK TO GIVE ASIAN COATINGS BRANDS EDGE IN COMPETITIVE REGIONAL MARKET
WITH the Asia-Pacific coatings market and industry being one of the most dynamic worldwide, experiencing continuous robust growth, the potential for additives to give brands an edge in seizing market share is increasingly important.
Backed by buoyant construction, automotive and marine industries across the Asia Pacific, the region’s paint and coatings additives market is showing promising growth, analysts say.…
MALAYSIA’S NEW GOVERNMENT IS NEW BROOM ON BOOSTING AML ENFORCEMENT
Malaysia’s money laundering regulation and policies may be on par with international best practice, but their implementation has been tested of late, experts say. These concerns have been sharpened by the scandal related to Malaysia’s sovereign wealth fund 1 Malaysia Development Bhd or 1MDB, with Malaysia’s former Prime Minister Najib Razak accused of channelling more than Malaysian Ringgit MYR 2.67 billion (USD700 million) from the fund to personal bank accounts.…
INTERNATIONAL REGULATORY ROUND UP - RETALIATORY DUTIES ON USA CONFECTIONERY AND INGREDIENTS EXPORTS CHALLENGED AT WTO
THE WORLD Trade Organisation (WTO) Disputes Settlement Body (DSB) has approved establishing disputes settlement panels ruling sought by the USA on whether retaliatory duties imposed by the European Union (EU), Canada, China, and Mexico on US confectionery and sweet bakery and associated ingredient exports, imposed in response to America’s controversial steel and aluminium tariffs, break WTO rules.…
PAKISTAN TEXTILE INDUSTRY URGES GOVERNMENT TO FURTHER IMPROVE COMPETITIVENESS
PAKISTAN’S textile sector has been encouraged by the country’s new government’s reforms to gas pricing to request exemptions from duties and taxes on imports of raw materials – and the long-awaited release of refunds by the Federal Board of Revenue (FBR).…
PAKISTAN’S TEXTILE INDUSTRY DIVIDED OVER IFC ASSISTANCE TO REDUCE ENERGY CONSUMPTION
PAKISTAN’S textile and clothing sector representatives have expressed conflicting views over an International Finance Corporation (IFC) initiative aimed at supporting textile industry efforts to reduce energy consumption with a view to improving sustainability.
The All Pakistan Textile Mills Association (APTMA) termed the IFC move a very positive step for Pakistan’s ailing textile sector while the Pakistan Readymade Garments Manufacturers and Exporters Association (PRGMEA) thought otherwise, claiming the plan would not work because it doesn’t provide remedies for the real issues of the textile sector.…