Search Results for: China

As Syria enters its 10th year of civil conflict, the economy is in tatters, foreign currency is in short supply, and sanctions have not only been renewed, the USA has introduced new secondary sanctions. Illicit crime and sanctions busting abounds.

In May (2020), the USA issued further guidance on Syria, while the European Union (EU) extended its sanctions on Syria for a further year, to 1 June 2021.…

The UK’s automotive sector is sufficiently “resilient, agile and competitive”, the country’s Society of Motor Manufacturers & Traders (SMMT) said today (June 23), to ensure the double whammy of Covid-19 and Brexit do not cause permanent damage in UK motor manufacturing.…

THE NEED to actively recharge electric vehicles makes them less attractive to consumers, especially when batteries can take eight hours to charge. So, the development of ambient technologies that enable EVs to charge themselves as they operate has been a key focus of automotive R&D.…

Tunisia’s textile and clothing industry association, the FTTH (Fédération tunisienne du textile-habillement) has commissioned a report on the impact of Covid-19 on this outsourcing centre, including policy options to enable its companies to recover. It will work with the Middle East and north African wing of the Global Textiles and Clothing Programme (GTEX/MENATEX) over two months to generate a post-pandemic plan.…

COVID-19 has taken its toll on Sri Lanka’s textile and clothing sector, with exports forecast to plummet for 2021 (the financial year ending March) from a target of USD5.6 billion, by USD1.7 billion to USD3.9 billion, falling 30% year-on-year for April 2020 to March 2021, the country’s national clothing industry told just-style.…

HONG Kong textile industry leaders have tried to reassure clothing traders and manufacturers operating from the territory they will not face serious harm by any change of diplomatic recognition prompted by the passage of a new HK security law. Speaking to just-style, Louis Chan, assistant principal economist (global research), for the Hong Kong Trade Development Council (HKTDC), claimed that sourcing offices in HK would continue to operate smoothly: “As long as the subject merchandise is not made in Hong Kong, the possible revocation of the special trading relationship or any suspension of HKCO (Hong Kong country of origin) recognition should have little or even no direct impacts on HK’s re-exports (of those items),” he argued.…

KENYA’S clothing manufacturing industry, which had been growing at the cutting edge of sub-Saharan Africa’s expanding outsourcing sector, has been punched hard by Covid-19’s devastation of the garment markets within the United States and the European Union (EU).

The London-based Overseas Development Institute has noted that “garment factories in Sub-Saharan Africa have started laying off workers,” and Kenya is no exception.…

Representatives of international food brands and analysts have told just-food that China’s State Council’s approval of 46 new pilot zones for companies conducting cross-border e-commerce, a move designed to help the country’s economy withstand the blows landed by the Covid-19 epidemic, also present opportunities to foreign food brands selling to Chinese consumers. …

Indian apparel exporters are fearing missed deadlines, with key inputs from China having either been stuck at Indian customs for the past 10 days or not been shipped at all, following military tensions between the two neighbours.

“One or our [export] shipment has to leave in 10 days but its accessories [from China] are stuck at the Mumbai port,” Rajesh Malhotra, director, IR Accessories (part of IR Apparel & Accessories), in Gurgaon, near New Delhi, told just-style.…

EUROPEAN sugar users’ association CIUS has warned about slow progress within the talks between the European Union (EU) and the UK over a permanent relationship after the current transitional Brexit period expires on December 31. The CIUS wants this period extended – a step that the British government is currently refusing to take.…