Search Results for: Brazilian
10 results out of 411 results found for 'Brazilian'.
CARS AND AUTOPARTS MAKERS HOPE EU-MERCOSUR TRADE TALKS WILL BREAK THROUGH
EUROPEAN Union (EU) and Mercosur negotiators went into crucial trade talks in Uruguayan capital Montevideo September 10-14, cheered on by automakers on both sides who want a deal, even though there are tough technical issues to resolve. The round is another bid to smash the deadlock over a future trade pact between the EU and the four founding Mercosur nations – Argentina, Brazil, Paraguay and Uruguay. …
BRAZIL’S PETROBRAS SETTLES BRIBERY CHARGES
BRAZILIAN state energy giant Petróleo Brasileiro SA (Petrobras) has settled bribery charges with USA and Brazilian law enforcement agencies, agreeing to pay an eye watering USD1.78 billion to resolve outstanding accusations.
However, USD933.4 million of this will be credited by the USA’s Securities & Exchange Commission (SEC) to Petrobras, taking into account money disgorged under a previous settlement of a securities class action lawsuit in the United States.…
INTERNATIONAL REGULATORY ROUND UP – CHINA PLANS TO HIT AMERICAN CONFECTIONERS WITH TARIFFS
THE CHINESE government has directly targeted the American confectionery and related ingredients sector in its latest tit-for-tat response in the trade wars launched by US President Donald Trump. Beijing has highlighted these goods as products that may become subject to retaliatory tariffs, should the USA impose a threatened third list of duties on Chinese tech, drafted over alleged thefts of American IP.…
INVESTMENT GROWS IN EMERGING MARKET NONWOVENS AS GLOBAL GROWTH EXPECTATIONS RISE
THE NONWOVENS sector has always been at the cutting edge of materials production, and so established developed economy manufacturers have often had the edge. But with global markets integrating, and emerging economies becoming increasingly sophisticated, new nonwovens manufacturing bases are growing all the time.…
CHINA COTTON FUTURES PURCHASES PUSH UP MARKET PRICES AMIDST GLOBAL MARKET UNCERTAINTY
Cotton industry analysts have said the clothing industry should not overreact to a major hike in Chinese cotton futures contracts, following years of stockpiling the fibre by China buyers, even though they accept market uncertainty has been driving up prices.
Contracts have been purchased covering more than 361,000 bales of US cotton for 2019-20, according to US Department of Agriculture data which “would be enough to make 400 million t-shirts,” the Wall Street Journal suggested in an article on June 10, adding: “China has never booked that much cotton that far in advance at this time of year, in data going back to 1998” and has now become a “major consumer” of US cotton.…
BEAUTY AND PERSONAL CARE TAKES A BACK SEAT AS LATIN AMERICAN ECONOMIES STRUGGLE OUT OF RECESSION
THE LATIN American personal care product market, buffeted in recent years by economic and political instability, looks back on track, with trouble-spots such as Venezuela being very much an exception to overall progress.
Data released by market researcher Euromonitor International has said that the region’s beauty and personal care product sales in 2017 topped USD65 billion in 2017, growing by 42.5% between 2012 and last year.…
INTERNATIONAL REGULATORY ROUND UP – TRADE WARS THREATEN CONFECTIONERY AND SWEET BAKERY SECTOR
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.…
BRAZIL TO DISPUTE EU RESTRICTIONS AGAINST POULTRY MEAT AT WTO
BRAZIL’s agriculture minister Blairo Maggi has announced his country, “the world’s second-largest producer and largest poultry exporter” wants to contest the European Union (EU)’s restrictions on poultry meat exports at the World Trade Organisation (WTO). The case could set an important world trade law precedent for poultry imports, regarding the extent to which importing countries can block trades over salmonella contamination.…
BRASILIA UNHAPPY AS EUROPEAN COMMISSION DRAFTS BAN ON EU MEAT EXPORTS FROM BRAZIL
THE EUROPEAN Commission has proposed stopping 20 Brazilian companies exporting meat products into the European Union (EU), following a unanimous vote at the April 18-19 European Commission special committee of member state experts on plants, animals, food and feed.
A Commission spokesperson told GlobalMeatNews the measure delisting companies from those allowed to export poultry meat “relates to deficiencies detected in the Brazilian official control system”.…
BRAZILIAN AND ARGENTINIAN TEXTILE TRADE STEADY DESPITE HIGH COSTS
TRADE in clothing and textiles between Brazil and Argentina has been growing, as manufacturers in these neighbouring South America countries rein in their comparatively high costs, according to international trade data. Brazilian textile and apparel exports to Argentina rose 4.9% to USD251 million in 2017 from USD239 million in 2016, while Brazil’s imports from its southern neighbour shot up 22.6% to USD86.9 million from USD70.9 million over the same period. …