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AS China’s retreat from mass market clothing production continues, Bangladesh knitters are eyeing another added value knitwear niche – sportswear. Following the industry’s success in boosting sales within the profitable lingerie segment, Bangladesh manufacturers are ramping up production in sports apparels, although some experts say that work is needed on boosting its supply chain, particularly of manmade fibres.…

Unlike the limited range of minerals used in fossil fuel production, many minerals, metallic and nonmetallic, are used in renewable energy technologies. However, production is often low and concentrated in a limited number of countries – creating potential strategic supply problems.…

WITH a new European Union (EU)/New Zealand customs agreement coming into force this week (May 1), EU farm body Copa-Cogeca secretary-general Pekka Pesonen has warned that anticipated follow up trade talks should not boost NZ access to EU meat markets.

“The EU has a big export market with up to 500 million consumers and we do not see that we can benefit or have a balanced trade deal from an agreement with New Zealand which has up to five million consumers,” Mr Pesonen told GlobalMeatNews.…

Prospects for US beef sales in Taiwan are looking rosy, buoyed by a good economy and greater demand from Korean BBQ and hotpot restaurants sourcing high quality cuts, according to the US Meat Export Federation (USMEF). Joel Haggard, the association’s senior vice president of its Asia-Pacific office, in Hong Kong, told GlobalMeatNews: for the past year or so “there’s a kind of a ‘meat boom’ happening; what we’re seeing is more outlets trying to do business with beef on their menus,” and adding that a “robust” economic growth was fueling diner interest.…

After the USA, UK, Australia and others, Canada could become latest country to introduce deferred prosecution agreements (DPAs). The government has proposed legislation to create a scheme, to be known as the Remediation Agreement Regime (RAR), which would involve voluntary agreements between prosecutors and corporations accused of committing a criminal offence. …

EXPERTS have expressed mixed reactions on how a proposed Regional Comprehensive Economic Partnership (RCEP), now years in the making, could help revive the garment and textile sector in South East Asia.

The 16-member bloc that includes the 10 ASEAN member countries (Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand and Vietnam) and six other countries – Australia New Zealand, China, India, Japan and South Korea – have been negotiating the deal since November 2012.…

THE SOUTH Korean cosmetics market, currently evaluated by Frost & Sullivan at USD12.4 billion and growing at 7% year-on-year, is leaving behind the negative effects of a de facto boycott by Chinese tourists. The travel freeze, sparked by Seoul’s decision to install a US-made anti-missile system to protect itself from North Korea, has been in place since early 2017.…

The South Pacific’s Cook Islands (population: 11,700) and Niue (population: 1,600), both largely autonomous jurisdictions in free association with New Zealand, have in the past been accused by international AML experts as being tax havens that facilitate money laundering. But reforms indicate that AML/CFT controls are tightening.…

DEFERRED Prosecution Agreements (DPAs), that allow companies and individuals that admit to wrongdoing and cooperate with investigators and avoid prosecution, are becoming increasingly common worldwide, including for money laundering offences. The systems are particularly useful sticks to force erring financial and other corporate institutions to improve their anti-money laundering and combating the financing of terrorism systems (AML/CFT), with prosecuting agencies deferring criminal cases on condition of sustained AML/CFT reforms.…

PAPUA New Guinea (PNG) left the Financial Action Task Force’s (FATF) grey list in 2016 and is taking steps to stay that way. The Pacific island state has established new anti-money laundering/combating the financing of terrorism legislation and associated controls. Opportunities for money laundering in this culturally diverse country are limited given 85% of its 8.5 million people are subsistence farmers.…