Search Results for: Australia

BY MJ DESCHAMPS

UTILITIES in Australia and the European Union (EU) could soon be allowed to buy and sell carbon units from each other’s emissions trading system (ETS). A proposed mutual recognition arrangement between the Australian government’s ETS and the EU-ETS is expected to benefit industries on both sides of the globe and to lower carbon prices long-term.…

BY DAVID HAYHURST, IN PARIS

THREE years ago, the Group of Twenty (G20) finance ministers and central bank governors stated the organisation’s intention was to "rationalise and phase out over the medium term inefficient fossil fuel subsidies that encourage wasteful consumption".…

BY KEITH NUTHALL

THE WORLD’S developed countries are enthusiastically or moderately implementing the Organisation for Economic Cooperation & Development’s (OECD) anti-bribery convention, so that 52.3% of world exports are sold by countries opposing graft. So says the latest Transparency International report that says the leading established economic players are now leading by example: with the USA, Germany, Britain, Italy, Switzerland, Norway and Denmark all praised for actively implementing the convention.…

BY ALAN OSBORN

THE WORLD has been fighting money laundering in more or less the same way for a quarter of a century now and many of those in the thick of the battle are starting to wonder, frankly, whether the game is worth the candle any more.…

BY WANG FANGQING, IN SHANGHAI

THE BEIJING University of Agriculture (BUA) has welcomed the success of a groundbreaking project to develop a more robust domestic meat and livestock industry by using cloned animals China’s first two genetically modified Qingchuan calves carrying adipocyte fatty acid-binding protein were recently born at an experimental base at the university.…

BY WANG FANGQING, IN SHANGHAI

Chinese textile and clothing manufacturers are expecting to struggle for business in the rest of 2012, with the worsening Euro crisis dampening demand in key export markets and improving sourcing rivals from neighbouring countries becoming increasingly competitive.…

BY WANG FANGQING, IN SHANGHAI

The China Alcoholic Drinks Association (CADA) has petitioned the country’s Ministry of Commerce to open up dumping and subsidy investigations against imported wines from the European Union (EU), arguing EU exporters have been behaving anti-competitively.

China spent USD1.27 billion on imported bottled wines in 2011; up 94% from 2010, with wines from France, Australia and Spain the most popular, according to China Customs.…

NEW Zealand used to be known as an exporter of raw materials and food – butter, wool, lamb – but in recent years, its government has been trying hard to boost local entrepreneurs by streamlining business regulation. Ken Warren, the country’s chief accounting advisor to New Zealand’s government, has been front-and-centre in these reforms, providing officials and politicians with the necessary data to make bold decisions.…

BY LEAH GERMAIN, IN EDMONTON

CANADA’S federal food inspection agency has released a new set of standards for biosecurity in beef products, which will aim to minimise the spread of endemic and infectious foreign diseases while strengthening the Canada’s beef industry.…

BY MJ DESCHAMPS

DESPITE the global recession, and volatility in the dairy market as a whole, the international butter industry is anticipating long-term growth. Used as a spread, a condiment, or as an important ingredient in baking and cooking, demand for butter has been a significant constant in the global food industry.…