Search Results for: America

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.…

VIETNAM’S textile sector faces significant challenges as it seeks to profit sustainably from new commercial opportunities offered by international trade deals, such as the Trans-Pacific Partnership (TPP), a major industry conference has been told. The Vietnam Textile Summit 2016 was held from June 29-30, at The Reverie Saigon, an upscale hotel in downtown Ho Chi Minh City (HCMC).…

SHANGHAI-based microfibre and fabric accessories maker Pactics Group is set to open a new factory in Cambodia using innovative digital heat-transfer ‘sublimated’ printing – that allows brightly-coloured high quality prints on fabric.

The new factory, under the company’s ‘Raytecs’ division, will be located in Cambodia’s capital Phnom Penh-based produce women’s activewear, swimwear, apparel and other sublimated printed premium products: “We are a boutique manufacturer of sublimated activewear, apparel and premium sublimated products,” the group’s president and owner  Piet Holten told WTiN.…

Automobile manufacturers based in Britain face a risk that their exports to the European Union (EU) will attract duties now the UK government has confirmed it will push ahead with leaving the EU following the June 23 Brexit referendum result. These could be imposed after the two years of mandated talks on a future relationship with the EU following a UK decision to trigger Article 50 under the Treaty on European Union.…

China is keeping alive unproductive “zombie” steel plants then dumping the products on the European Union (EU) market, the Spanish author of two key reports adopted in the European Economic and Social Committee yesterday (July 14) told Steel First. “Not only the steel industry, but the whole European industry, will suffer if the market economy status is unconditionally granted to China,” said Andrés Barcelό Delgado, referring to the debate over anti-dumping calculations for Chinese exports that is ongoing in Brussels.…

MOBILE money transactions surged in 2015 across the world – increasing by 31% to reach 411 million mobile money accounts, and this is a critical platform for expanding financial inclusion globally, according to GSMA, a UK-based global mobile industry association, in its February 2016 annual report on the ‘State of the Industry Report on Mobile Money’. …

THE UK’s vote on June 23 to quit the European Union (EU) creates deep uncertainty over the shape of future electricity industry regulations in Britain, and the UK’s regulatory relationship regarding power supplies with countries remaining in the EU.

Victory by the ‘Leave’ side in Britain’s in-out referendum enables the UK government to kick off an exit process by invoking Article 50 in the Treaty on European Union, which gives notice that member state wishes to leave.…

A DRAMATIC year for Pyrenees micro-state of Andorra has highlighted a debate over whether the US Treasury Department’s Financial Crimes Enforcement Network (FinCEN) has excessive power over financial institutions outside America.

The American financial intelligence unit (FIU) issued a Notice of Finding (NOF) in March 2015, saying Banca Privada d’Andorra (BPA), one of only five banks in the principality, was a financial institution of “primary money laundering concern.”…

The United States has launched World Trade Organisation (WTO) disputes proceedings against China, alleging that it breaches global trading rules by imposing export duties on certain non-ferrous metals sold to America. The US claims these range between 5% and 20%, and are levied on exports of antimony, cobalt, copper, lead, magnesia, tantalum and tin.…

South-east Asia is a region that has sharp contrasts in economic development, from between the wealth of Singapore to countries such as Myanmar, where poverty is endemic and consumer markets are relatively undeveloped.

Such contrasts pose challenges for personal care product companies seeking regional strategies to tap the markets of the Association of Southeast Asian Nations’ (ASEAN) 10 countries, whose cosmetics suppliers have to comply with the standards of the ASEAN Cosmetics Directive, which was modelled on European Union legislation.…