Search Results for: China

BY KEITH NUTHALL, GAVIN BLAIR, and MARK GODFREY

BACK in November 2008, long before the accession of Barack Obama to the US presidency, world leaders gathered together under the G20 banner to forge a common response to the ongoing financial crisis.…

BY KEITH NUTHALL

AGREEMENT has been struck over future European Union (EU) targets for CO2 emissions from cars, with an informal deal being forged by the European Parliament and the EU Council of Ministers. The agreement is a compromise, with energy and automobile companies securing a phase-in between 2012 and 2015 of an agreed 120g/km target.…

BY KEITH NUTHALL

THE CHINESE government has run out of legal options to fight the United States, the European Union (EU) and Canada over maintaining certain import duties it imposes on foreign auto-parts. The tariffs in question are levied when China-based assembly plants fail to use a designated minimum proportion of China-manufactured parts, and they have now been declared illegal once-and-for-all at the World Trade Organization (WTO).…

BY PAUL COCHRANE

BANGLADESH’S knitwear sector is undergoing unprecedented growth: averaging 24% per year over the past 12 years, and an astonishing 45% in the first three months of this fiscal year, with exports projected to reach US$10 billion by 2011.…

BY KEITH NUTHALL

THE EUROPEAN Union (EU) Council of Ministers has authorised definitive anti-dumping duties on imports into the EU from China of two key inputs: monosodium glutamate and citric acid. The decision will significantly raise the price of these imports, which had been so low they sparked complaints from EU manufacturers of these ingredients about unfair competition.…

BY PAUL COCHRANE

BANGLADESH’S clothing and ready made garment sector is undergoing unprecedented expansion, registering an average growth of 20% year on year, and with plans to be one of the top three exporters globally by 2013.

In the first four months of Bangladesh’s fiscal year, from July to September 2008, the sector reported 45% growth in exports of woven and knitwear to US$3.35 billion, according to the Bangladesh Garment Manufacturers and Exports Association (BGMEA).…

BY KEITH NUTHALL

THE UNITED States is claiming victory in a trade dispute with China, after Beijing announced it would scrap subsidies for products including automotive parts and vehicles. Washington had launched formal disputes proceedings at the World Trade Organisation (WTO), where it argued these China-christened ‘famous brands’ handouts were export subsidies banned under WTO rules.…

BY PAUL COCHRANE

BANGLADESH’S fledgling anti money laundering and counter terrorist financing regime faces an uphill struggle, with the country ranked as one of the most corrupt on earth and money laundering equivalent to 13% of the country’s GDP. Furthermore, Abul Barkat, Professor of Economics at Dhaka University told the Money Laundering Bulletin, an estimated US$7 billion flows into Bangladesh through illegal alternative remittance systems, and there is an ‘economy within an economy’ generating some US$300 million in profits every year for Islamist political parties linked to fundamentalist and terrorist activities.…

BY PHILIPPA JONES, DOMINIQUE PATTON and LUCY JONES

The growth in outsourcing within the clothing and textile sector worldwide has highlighted a key issue, and that is the relative merits of running an integrated company that handles basic production and design, or relying on a string of specialist suppliers to deliver the goods, from fibre supplies, to textile manufacture, design, clothing assembly and retail.…

BY DEIRDRE MASON, JAMES BURNS, and JULIAN RYALL

With technological change being forced upon the auto manufacturing industry by high oil prices, plants are being retooled faster than in living memory. At such a time, companies are always looking for new ideas and technology.…