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A new report from Transparency International has found that only 11 major exporting countries in the world significantly punish companies that pay bribes abroad. The report, called ‘Exporting Corruption’, also found that more than half of world exports come from at least 33 jurisdictions, including several European Union (EU) member states, where companies that export corruption along with their goods and services face weak consequences. …

SPAIN’S personal care product market is continuing to grow after years of post-financial crisis weakness. Spain’s skincare, cosmetic and perfume industry continues to mature, and has turned in solid sales figures for 2017, reflecting the optimistic mood of the economy after the ‘lost’ years of the recession.…

THE INTERNATIONAL Cocoa Organisation (ICCO) has released an ambitious policy plan designed to steer the industry towards sustainability. Called the Berlin Declaration, having been released at the fourth World Cocoa Conference, of governments, farmers, traders, grinders, processors, manufacturers, researchers, trade unions, civil society organisations, trade unions, consumer organisations, it says higher farm gate prices should be paid.…

THE EUROPEAN Union (EU) has launched a wide-range of initiatives to fight fraud, counterfeiting and corruption as it seeks to help law enforcers gain an advantage against cross-border crime.

A key element of this work is the so-called EU ‘security union’, about which proposals were tabled by the European Commission in April.…

EUROPEAN Union (EU) food and drink exporters could be major beneficiaries of a revised EU-Mexico trade agreement which will remove almost all bilateral tariffs left by a year 2000 deal. Under a new agreement struck in principle, Mexican import duties on EU exports of cheeses, such as gorgonzola and roquefort, and pasta (of up to 20%), will be removed, along with duties on chocolate and confectionery, (that can exceed 20%).…

THE NONWOVEN adult incontinence market in Europe is offering hygiene product manufacturers and brands a chance to profit in a wider sanitary segment that has been and remains highly competitive.

Western Europe has a high per capita consumption in sanitary protection and a fiercely competitive retailing environment, according to Miles Agbanrin, an analyst for market researcher Euromonitor International.…

THE DECISION of the European Commission not to propose a harmonised European Union (EU) approach for excise duty on e-cigarettes and other novel tobacco products has been welcomed by the tobacco sector for avoiding punitive taxation on a nascent segment.

But should such rules ultimately be introduced the tobacco sector may not oppose them if they reflect the lower health risks involved in consuming such products by enabling lower excise duty bands.…

SOUTH Korean companies in the digital textile print supply chain are aware that Asian rivals beat them on price, but are managing to stay afloat through better quality, company managers have told Digital Textile.

“Chinese products are very competitive with their prices, but their quality is still not good enough to satisfy global standards,” said Hani Kim, a manager at the overseas sales department of Unitrade, a Seoul-based manufacturer of heat transfer film for digital textile printing.…

THE EUROPEAN Commission has announced its latest funding for helping European Union (EU) member states fight animal diseases, such as bovine tuberculosis, rabies, bovine brucellosis, African swine fever and lumpy skin disease, by allocating more than EUR140 million for 2018.…

OECD SAYS 49 JURISDICTIONS WILL AUTOMATICALLY EXCHANGE TAX INFORMATION THIS YEAR

THE IDENTITY of 49 jurisdictions that will automatically exchange tax information in 2017 under a global standard has been revealed by the Organisation for Economic Cooperation & Development (OECD).…