Search Results for: China

Indian clothing and textile manufacturers have welcomed a series of policy changes announced in the central government’s national budget that was released on Saturday (February 1). Reforms highlighted by industry representatives include abolition of anti-dumping duty on key polyester raw material PTA (purified terephthalic acid), cheaper loans to small manufacturing units and exporters, a USD200 million investment into developing India’s technical textile industry and a review of principles underpinning future negotiations on free trade agreements (FTA), responding mainly to concerns about cheap imports from Bangladesh.…

European food and drink exporters to China can be expected to face strengthened competition from American rivals in future, after a preliminary ‘phase one’ trade deal between the USA and China included the reduction in non-tariff barriers to exported US products, including for meat, poultry, seafood, rice, dairy, infant formula and food biotechnology lines.…

Airbus is to pay out EUR3.6 billion (USD4 billion) under a trio of deferred prosecution agreements (DPAs) with British, French and United States authorities that were simultaneously agreed by national courts January 31 as part of a global resolution over bribes to clinch civil and military aircraft sales.…

WITH Middle East dairy sales expanding steadily, dairy suppliers from around the world are targeting its consumers, hoping to gain a foothold in an increasingly diverse marketplace that is often open to innovation.

Dairy Industries International attended the 4th Global Dairy Innovation Congress MENA 2020, held in Dubai, the United Arab Emirates (UAE), from January 20-21, where participants were encouraged by sales projections as from market researcher Euromonitor International that the Middle East (and Africa) dairy market should expand at a compound annual growth rate (CAGR) of more than 3% between 2019 and 2023.…

SHOWING consumers that dairy farming is sustainable, while surviving the less than favourable economic situation which all agriculture faces today, are the industry’s biggest challenges for 2020 and beyond, Pekka Pesonen, secretary general of European farming organisation Copa-Cogeca, has told Dairy Industries International.…

ITALY’S cosmetic and personal care product market remained strong through 2019, with major players in the industry focused on strengthening digital retail and production strategies to further connect with consumers, while deepening their presence in foreign markets, particularly in Asia. 

The year 2019 was also dynamic in terms of acquisitions, with a handful of Italian BPC (beauty and personal care) companies buying businesses that specialise in new and different products to extend their reach in new product categories, both domestically and abroad.…

HONG Kong has signed an avoidance of double taxation agreement with its neighbour Macao, designed to boost trade and investment in the Guangdong-Hong Kong-Macao Greater Bay Area of southern China. The deal will ensure that any Macao tax paid by Hong Kong residents earning income from Macao will be a tax credit in Hong Kong and vice versa for Macao residents.…

The challenge to increase the participation of African women in science, technology and innovation (STI) tertiary education jobs and courses could be addressed by increasing the amount of such topics taught to girls in primary and secondary schools, Prof. Alice Pell, the former vice provost at New York state, USA’s Cornell University, told a conference of senior female African academics.…

PAKISTAN’s clothing and textile sector hopes that 2020 will be a big year for Chinese investment – as Chinese companies look to move production to outsourcing centres, such as Pakistan, that have lower labour costs than China, but nonetheless a skilled workforce, and government incentives through reduced taxes and duties.…

THE UZBEKISTAN clothing and textile industry is eyeing a major increase in clothing and textile imports as its government liberalises what was until three-years-ago a largely unreformed post-Soviet state. A key goal is swapping raw cotton exports for overseas sales of added value textiles and clothing.…