Search Results for: China

The invasion of Ukraine by Russia has sparked an unprecedented level of international sanctions. However, it has also caused an unprecedented wave of sanctions evasion.

June’s (2023) plenary of the Financial Action Task Force (FATF) had a clear message for the global anti-money laundering community, which includes organisations fighting sanctions evasion: “FATF reiterates that all jurisdictions should be vigilant to current and emerging risks from the circumvention of measures taken against the Russian Federation in order to protect the international financial system.”…

Sales in Europe of China-built electric vehicles (EVs), such as Tesla Models 3 and Y, BMW iX3 and Renault Dacia’s Spring, could all be hit if the European Union (EU) slaps proposed countervailing duties on cheap battery electric vehicles (BEV) made in China.…

Kenya is being opened as a potential outsourcing centre for European Union (EU) knitwear brands by a new EU-Kenya Economic Partnership agreement, now being considered for ratification by the EU Council of Ministers and the European Parliament (1). Once implemented, the deal will remove 12% and 9.6% EU duties charged on many knitted apparel exports from Kenya, potentially boosting a knitted apparel and accessory trade, growing in recent years.…

The textile and clothing industries of the European Union (EU) and India are closely monitoring negotiations to forge a free trade agreement (FTA), making steady progress since being relaunched last year (2022). Detailed talks were staged in New Delhi between June 17 and 23 (2023), with the EU seeking to reduce tariff barriers for India’s often protected market of 1.4 billion people.…

Gorpcore’ fashion, wearing outdoor functional clothing as fashionable streetwear, is rising in popularity, so much that much specialist apparel specifically designed for mountain environments will “never see a mountain,” a performance clothing designer has told WTiN.

Their expensive materials and complex designs have “attracted fashion and streetwear to outdoor clothing,” Richard Dannah, an outdoor performance designer with more than 20 years’ experience in the field, told WTiN.…

Thailand has often been overshadowed as a clothing and textile outsourcing hub, given the high profile of the industries in neighbours Vietnam and Cambodia – but its output is significant and a free trade agreement (FTA) now under negotiation with the European Union (EU) could boost its exports.…

Risk specialists predict that the current instability in China’s trust sector and China’s slowing economic growth will lead to a massive outflow of capital from China, breaching Chinese money laundering laws. That will include both the export of legally earned money in excess of Chinese capital export caps of USD50,000 per year and illicit movements of criminal proceeds.…

With western clothing brands and retail outlets quitting Russia following the country’s invasion of Ukraine – killing 9,614 civilians (UN figures) and killing or wounding almost 500,000 soldiers (US government estimates) – clothing exports to Russia from nearby Türkiye have been growing steadily, with some increase in Russian production.…

Chinese textile and clothing manufacturers are increasingly relying on Egyptian cotton, over the past two seasons becoming Egypt’s second largest buyer of cotton, driven by the US ban on Xinjiang cotton, competitive pricing, and strong demand for luxury fibres.

“China has always been a player in Egyptian cotton, but they were never on top of the list.…

A Peru university has been honoured by the UN for a groundbreaking sustainability programme, that imparts practical environmental skills to students, which they then practice in the community. Universidad San Ignacio de Loyola (USIL), Peru, based in the capital Lima, was a winner of the Next Generation Learning and Skills section of the International Green Gown Awards 2023, supported by the UN’s Higher Education Sustainability Initiative (HESI).…