Search Results for: China
10 results out of 3991 results found for 'China'.
INTERNATIONAL BODIES COMBINE WITH TECH DEVELOPERS TO FIGHT FOOD FRAUD
Fraud is sometimes downplayed as a ‘victimless crime’, especially when companies are the direct victims. While that is obviously untrue, frauds associated with food that can directly harm consumer health give the lie to this statement. It is one reason why food fraud is a clear priority problem for international policy makers.…
INTERNATIONAL REGULATORY ROUND UP – CAOBISCO TELLS EU TO PLAY SMART ON CORPORATE SUSTAINABILITY RULES
European Union (EU) confectionery, chocolate and biscuit industry association CAOBISCO has called on the EU to take a smart and integrated approach when amending and approving a planned EU directive on corporate sustainability due diligence. Proposed by the European Commission in February (2022), the law would insist that larger companies identify, prevent, end or mitigate their adverse impacts on human rights, (such as child labour and worker exploitation), and the environment, (such as pollution and biodiversity loss).…
ASIA REGULATORY ROUND UP
The Indonesian government is ramping up its requirement for government-funded construction to use locally-made products by insisting paint and coatings manufacturers seeking to supply such projects use national standardisation and certifications.
This, said the chairman of the Indonesian Paint and Coatings Association, Markus Winarto, is part of a trade ministry directorate general of chemical, pharmaceutical and textile industries campaign to reduce imported products.…
HEAVY FLOODS DISRUPT PAKSITAN TEXTILE INDUSTRY
With ongoing floods and high rainfall in most parts of Pakistan damaging its economy, the country’s textile and clothing sector, accounting for nearly 60% of national exports, is bracing itself for the potential cancellation of export orders by international buyers.
The initial assessment of losses inflicted by the devastating rains and floods especially in Sindh and Balochistan provinces and to a lesser extent in Khyber Pakhtunkhwa (KPK) and Punjab provinces, has already been estimated by the federal government at billions of dollars (it is working on a more precise estimate), with displacement of 33 million people, 1,400 deaths (including children), the destruction of hundreds of thousands of houses, roads infrastructure and communication networks.…
TEMPORARY SUPPORT MEASURES ESSENTIAL TO HELP TEXTILE COMPANIES SURVIVE ENERGY CRISIS
TEXTILE companies will face deindustrialisation, relocation outside Europe and bankruptcy if they do not receive aid, including tax breaks or a gas price cap to help them deal with rising energy costs, European textile companies and governments have told WTiN.
The European Apparel and Textile Confederation (Euratex on September 16 in a statement also signed by Eurocoton (the European Federation of the Cotton and Allied Textiles Industries), CIRFS (the European Man-Made Fibres Association), ETSA (the European Textile Services Association) and EDANA, representing non-wovens producers, welcomed European Commission president Ursula von der Leyen’s announcement of initiatives aimed to tackle the energy crisis.…
US AUTO INDUSTRY EXPORTS RISK BEING HIT BY GREENBACK EXCHANGE RATES
The rising value of the US dollar in international exchange markets is inflating the value of exported US-made vehicles, while reducing the cost of competing imports and parts sourced overseas.
With war and inflation making the US dollar an attractive option to currency traders, the greenback has been appreciating, including against the Euro (EUR), Japanese yen (JPY), Canadian dollar (CAD), British pound (GBP), Swedish krona (SEK) and Swiss franc (CHF) – making up the US dollar index (USDX).…
VAPE COMPANIES INNOVATE TO SURVIVE IN UNCERTAIN MARKETS
Major vaping players are investing in innovative solutions to offer healthier, more pleasant, and more eco-friendly products, trying to reshape a segment facing a growing number of restrictive laws worldwide.
According to the Dublin-based market researcher Research and Markets, “the global e-cigarette market reached a value of USD20.4 billion in 2021” and should reach USD30 billion by 2027 (1).…
TEXTILE PRODUCTION IN RUSSIA DECLINES, LARGER COMPANIES HAVE BEST CHANCE OF SURVIVAL
The Russian textile sector has been struggling to cope with the international sanctions from the US, European Union (EU), UK, Japan and others and the disruption caused by the exit of international companies from Russia, following its invasion of Ukraine.
Russia’s GDP declined 4% in the second quarter and will shrink by 7.8% throughout 2022, predicts the ministry of economic development.…
CARBON EMISSIONS TO PET INNOVATION OFFERS SUSTAINABLE PRODUCTION OF KEY FIBRE INPUT
An environment-friendly development in creating a key component of polyester has been hailed as a “path-breaking innovation that can change the future of the textile value chain and help the industry in moving toward its sustainability goal”.
This was the view of Gurudas Aras, a textile chemical consultant bases in Mumbai, India.…
ZIMBABWE OFF FATF’S GREY LIST – BUT SCEPTICS SAY ITS AML RECORD IS WOEFUL
Zimbabwe was taken off FATF’s grey list in March, but serious issues still abound claim critics of the move – from corruption to large scale gold smuggling, while a controversial law on NGOs may be misused to go after political opponents, they argue.…