Search Results for: Chile

Sourcing trends in fast fashion in Europe and north America are in flux, being affected by the economic downturn, changes in consumer behaviour and growing awareness of industry practices, especially in the wake of the Rana Plaza collapse in Bangladesh last year.…

THE ORGANISATION for Economic Cooperation & Development (OECD) has concluded that five jurisdictions need to improve their tax information exchange standards – Andorra, Anguilla (a UK dependent territory), Antigua & Barbuda, Indonesia and Saint Lucia. The OECD’s Global Forum on Transparency and Exchange of Information for Tax Purposes said these jurisdictions were “partially compliant” with its standards.…

IN the 1970s and 1980s, the governments of Latin America and the Caribbean did not have a comprehensively robust reputation for sound financial management. Many Caribbean island states had newly emerged from colonialism, finding their way as independent countries. And many Latin American countries were riven by social discord, even civil war, with many under military rule.…

Latin America’s cosmetics and personal care products sector has boomed as consumers take advantage of their rising disposable incomes. The region (including Mexico) accounted for 17% of global sales in the beauty and personal care industry, according to market analysts Euromonitor International in 2013. …

THE EUROPEAN Commission has revised guide prices for a range of poultry imports – if the value of exports exceed these levels, the European Union (EU) can impose additional duties on their sale.

Under the new rules, which should come into force in July, the EU has set a representative price for 100 kilograms of frozen chicken legs coming from Brazil at EUR135, while 100 kg of frozen boneless cuts coming from Argentina have been given a guide price of EUR294; from Brazil EUR220.50; Chile EUR315.70; and Thailand EUR254.60.…

Even during the desperate economic times currently afflicting Venezuela, quality personal care products remain vital to its consumers: “Beauty is part of the culture,” said Jean Clauteaux, president of L’Oréal’s Venezuela section. Unlike neighbouring markets, he said a key characteristic of Venezuelan consumers is their strong demand for high-end products.…

CHINA has announced that it will re-admit pork and poultry imports from Chile, having suspended them last July (2013) over concerns about dioxin contamination.

China’s General Administration of Quality Supervision, Inspection and Quarantine (AQSIQ) has however posted a statement insisting that importers submit animal health documents and no–doxin-contamination test reports from Chile’s Agricultural and Livestock Service (SAG).…

THE EUROPEAN Union (EU) is strengthening its commitments for member states to criminalise financial frauds that have an impact on the EU EUR135 billion annual budget. The European Parliament’s budgetary control and civil liberties committee have now approved a draft of a new directive on the ‘fight against fraud to the Union’s financial interests by means of criminal law’.…

BANGLADESH’S readymade industry expects a 10-15% growth in exports for the current fiscal year ending June, Bangladesh Knitwear Manufacturers and Exporters Association (BKMEA) acting president Mohammad Hatem has told just-style.

The first eight months of the fiscal year fetched a “morale- boosting” 16.68% rise to USD16.13 billion compared to last year’s USD13.83 billion.…

CANADIAN meat exporters have welcomed a Canada-South Korea free trade agreement announced yesterday (March 11), saying it will boost trade and help them compete for sales in South Korea’s often wealthy markets.

“The absence of an FTA [free trade agreement] with Korea was causing substantial and growing prejudice to the Canadian pork industry due to the tariff rates since all of our key competitors in South Korea have FTAs in place,” said Jean-Guy Vincent, chair of the Canadian Pork Council.…