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THE EUROPEAN Union (EU)-Vietnam Free Trade Agreement (FTA), on which negotiations concluded December 2, 2015, will open up “huge business opportunities” for Vietnamese garment companies, business experts agreed last month (September). They were speaking at an event jointly organised by EU business federation BusinessEurope, EuroCham [European Chamber of Commerce] Vietnam and the EU-Vietnam Business Network.…

VIETNAM’S textile and clothing and textile sector is looking to sell more product into Asian markets such as South Korea, Taiwan, Singapore and Japan, while solidifying its traditional export bases like the US and EU, the latest trade data indicates. 

Last year, Vietnam exported USD2.28 billion’s worth of clothing and textiles to South Korea – a 7.45% gain compared with 2015, according to Vietnam customs data analysed by the Vietnam Textile and Apparel Association (VITAS). …

SOUTH AFRICA MULLS REMOVING OVERSEAS WORK TAX EXEMPTION

The South African National Treasury and the South African Revenue Service (SARS) have proposed a 2017 Draft Tax Administration Laws Amendment Bill that would remove a tax exemption for South African residents working overseas for more than 183 days (at least 60 days continuously).…

A new industry roadmap to advance the development of power-to-gas in Europe is just one reason advocates of hydrogen production and storage are optimistic about the next decade. The laying of foundations for larger-scale developments of power-to-gas (P2G) in Europe have gathered momentum throughout 2017, with the European Association for Storage of Energy (EASE) and the Joint Programme on Energy Storage under the European Energy Research Alliance (EERA) laying plans.…

Upgrades and advancements in airport winter management technologies and techniques, especially regarding wet snow, were highlighted at this year’s SWIFT Airfield Operations Conference & Equipment Expo, which was staged at Halifax, Nova Scotia, Canada, for the first time.

The largest city in Atlantic Canada has a reputation for receiving large doses of such snow at Halifax Stanfield International Airport, with high humidity from the Atlantic Ocean combining with the intense cold of eastern Canadian winters.…

A FEDERAL US government review has been ordered into the potential link between talc and ovarian cancer following “the continuing influx of adverse event reports”, as the minerals and cosmetics sector considers implications of a high-profile ruling over the issue. A jury in the Los Angeles Superior Court ordered personal care product manufacturers Johnson & Johnson to pay USD417 million to Eva Echeverria who claimed she developed the disease after using their talc-based products for feminine hygiene purposes.…

THE EUROPEAN Union (EU)-Vietnam Free Trade Agreement (FTA), on which negotiations concluded December 2, 2015, will open up “huge business opportunities” for Vietnamese garment companies, business experts agreed earlier this month at an event jointly organised by EU business federation BusinessEurope, EuroCham [European Chamber of Commerce] Vietnam and the EU-Vietnam Business Network.…

JAPAN’S paint and coatings sector is putting on a positive face and playing up overseas expansion efforts, as well as its traditional strength in innovation, but analysts are concerned about the longer-term outlook for domestic companies.

Sales of paint in Japan came to Japanese Yen JPY 675 billion (USD6.10 billion) in 2016, a marginal increase of around 1% on the previous year’s figure, according to the Japan Paint Manufacturers Association.…

CONFECTIONARY manufacturers in India are having to grapple with their products and ingredients attracting a wide range of tax rates under the country’s new goods and services tax (GST), which started to be levied from July 1.

India’s GST Council, a body representing the central and state governments, has been deciding which goods will be covered by the zero, 5%, 12%, 18% and 28% tax rates allowed under India’s GST legislation. …

RUSSIA plans to become one of the world’s largest producers and exporters of tin in the coming years, expected to take place through the investment of up to USD250 million developing some of the country’s largest tin fields.

According to officials at Russia’s energy ministry, some of these funds will be provided directly by the state, with the remainder allocated by private investors, who will be responsible for the implementation of the project.…