Search Results for: Brazil

The US auditing watchdog the Public Company Accounting Oversight Board (PCAOB) has fined Deloitte Brazil (Deloitte Touche Tohmatsu Auditores Independentes) USD8 million for falsifying audit reports, then trying to cover up the violations through more false documents and testimony. The PCAOB also banned Deloitte Brazil from taking on new audit work with in the United States until the independent monitor it appointed confirms progress on remedial benchmarks.…

THE INTERNATIONAL Confederation of European Beet Growers (CIBE) and the European Association of Sugar Producers (CEFS-Comité Européen des Fabricants de Sucre) have jointly called on the European Union (EU) to continue protecting producers with import tariffs, even as the EU negotiates 12 trade deals affecting the food industry.…

Brazil’s tumbling textile exports to Venezuela may fall further if the country is suspended from the south American trading bloc, Mercosur next month. (December, 2016) 

According to World Bank data, Brazil’s textile and clothing exports to Venezuela peaked in 2011 at USD90.3 million but have been falling steadily ever since.…

PROPOSED reforms to European Union (EU) rules on setting anti-dumping and countervailing protective duties could improve the ability of the EU to defend its auto industry and local suppliers from unfair cheap imports.

The changes would amend how the EU executive, the European Commission, calculates whether it can and should impose such duties, and if so – how high they should be.…

The Brazilian meat industry has welcomed a commercial agreement struck by their country’s government with Malaysia, that will encourage and enable Brazilian beef and chicken exports to this south-east Asian country.

Brazil’s ministry of agriculture, livestock and supply (ministério da agricultura, pecuária e abastecimento – MAPA) is now awaiting the result of a November visit of a Malaysia technical team who have inspected the country’s slaughterhouses and operators.…

A SENIOR scientist warned an international trade conference in Geneva this afternoon (Oct 24) on anti-microbial resistance that rich countries will increasingly ban the import of meat from livestock fed antibiotic growth promoters. Jørgen Schlundt, Professor of Food Science and Technology, Nanyang Technological University, Singapore, noted the upcoming January 1 introduction of a ban on the use of most antobiotics as growth promoters within the United States meat and livestock sector, while the EU already has a comprehensive ban.…

PERSONAL care product and cosmetics manufacturers are continuing to invest in sustainable materials – such as responsibly-sourced cardboard and bio-plastics. Indeed, such green alternatives can boost sales in markets where consumers are increasingly concerned with the environmental impact of products. But packagers still face challenges in ensuring these meet the standards of their clients, particularly in premium sectors.…

Brazil’s Lavo Jato investigation, the biggest corruption probe in the world today is at serious risk of ending in frustration, at least to observers wanting to see Brazilian politics and business cleaned from top to bottom. Mauricio Savarese reports from São Paulo.…

Japan’s automobile manufacturers are increasingly looking to set up plants in – or, at least, very close to – their target markets, and paint companies with expertise in the auto coatings sector are following their lead.

“In 2015, the overall Japanese paints and varnishes market recorded 0.3 per cent growth, with producers struggling to remain competitive because production in Japan is pricier due to environmental requirements and higher labour costs,” said Andrius Balsys, a research analyst who monitors the paints sector for London-based market researcher, Euromonitor International.…

BRAZIL’S textile industry is upset that the summer Olympic Games in Rio de Janeiro, and custom from its 500,000 foreign visitors, has failed to give its producers a significant shot in the arm, despite needing help during the country’s ongoing recession.…