Search Results for: China

THE EUROPEAN Union (EU) auto sector, including – for now – the British industry, has criticised new tough targets proposed by the European Commission for lowering average CO2 emissions from new passenger cars and vans in the 28-country bloc. Under Brussels’ new low emission mobility strategy, cars and vans registered in the EU in 2025 will have to emit 15% and in 2030, 30%, less CO2, compared to 2021’s 95g CO2/km for passenger cars and 147g CO2/km for vans.…

EGYPT is trying to develop its upstream textile capabilities to bolster exports and be part of an integrated African continent-wide supply chain, linking its cut-and-sew and quality cotton fibre base. While Egypt exported USD764 million worth of fabric and yarn in 2016 according to the country’s Textile Export Council (TEC), challenges abound regarding Egypt’s efforts to generate more value-added textiles.…

SPECIALITY textile producers in Indonesia are seeking increased investment as demand in the automotive, construction and furnishings sectors is soaring, according to industry experts.

“There’s a lot of demand and more investment is being directed toward that technical textile production,” said Redma Wirawasta, secretary general of the Association of Synthetic Fiber Producers (APSyFI).…

RUSSIAN textile manufacturers aim to double the country’s production of synthetic fabrics from next year with the aim of reducing dependence on imports, according to the government and industry insiders.

Over the past three years, the production of synthetic fabrics has become one of the most promising segments of Russia’s textile sector, due to ever growing domestic consumption.…

CHINA’S imposition of temporary safeguard duties to protect its sugar industry have been challenged at the World Trade Organisation (WTO), with sugar giant Brazil arguing Beijing’s tariffs break global commerce rules. In a signal that Brazil might be considering launching a disputes case against China, diplomats for the South American country told a WTO safeguards committee meeting that the duties broke the WTO agreement on safeguards and the general agreement on tariffs and trade (GATT). …

International police agency Interpol and its European Union (EU) counterpart Europol have
announced what they say is the biggest hit ever against online piracy with law enforcers
taking down more than 20,500 websites selling counterfeit goods seized in 26 countries.
Participating countries were Albania, Austria, Belgium, Bosnia & Herzegovina, Britain,
Colombia, Croatia, the Czech Republic, Denmark, France, Greece, Hungary, Iceland, Ireland,
Italy, Latvia, Moldova, Norway, Peru, Portugal, Romania, Serbia, Spain, Ukraine, the USA
and China special administrative region Hong Kong.…

THE MAURITIUS textile and clothing industry is facing tough times, with exports falling amidst unfavourable currency shifts. Clothing and textile exports by value to all destinations fell by 9% in 2016, according to the Mauritius Export Association (MEXA), which has noted such sales declines have been happening for the last five years in key export markets.…

THE EUROPEAN Chemicals Agency (ECHA) has warned of the major impact on British and other European Union (EU) knitwear companies, especially brands with integrated upstream fabric and finishing units, should the UK quit the EU as planned, on March 29, 2019.…

AS one of the world’s leading financial centres and a traditional bridge to mainland China for international business, Hong Kong has long been in the crosshairs of global money laundering investigations.

Hong Kong featured in the infamous ‘Russian laundromat’ scandal, uncovered by the Organised Crime and Corruption Reporting Project (OCCRP), that saw USD20 billion moved out of Russia between 2010 and 2014 through a web of shell companies.…

LAOS, or the Lao People’s Democratic Republic (Lao PDR), with its population of just 7 million, is the least developed member of the Association of Southeast Asian Nations (ASEAN) and a communist one-party state where corruption is rampant and transparency scarce. …