Search Results for: China

CHINA’S ministry of finance has responded swiftly to the announcement that America will be imposing 10% tariffs on food exports from China from September 24, with Beijing imposing retaliatory tariffs.

Some of these tariffs are higher than the US rates – to be imposed the same day – at 25% on a wide range of food products, including US-made fresh or cold boned lamb; dried, smoked and salted beef; frozen peas and frozen spinach; pepper; a range of starches, including from potatoes; a wide range of edible oils; mustard; sugar; cocoa powder; milk powder; stuffed pasta; jams; and more –

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A FAILURE to embrace and adopt science and technology is hurting the clothing, textile and cotton industries of Africa, delegates attending an International Textile Manufacturers Federation (ITMF) three-day conference in Nairobi, Kenya, from September 7-9. The annual conference, staged this year in a sub-Saharan African country for the first time in the ITMF’s 114 years of existence, heard experts commenting that a reluctance by African companies to adopt new technology had not only slowed growth in the apparel and textile sector, but was also potentially pushing companies towards stagnation.…

GREENLAND’S coalition government has lost its parliamentary majority after accepting that the Danish state could pay Danish Krone DKK700 million (USD109 million) to secure a 33% share of Greenlandic airport operator Kalaallit Airports A/S. Partii Naleraq, a pro-independence party, quit the ruling bloc because it would give Denmark, which controls Greenland defence and foreign policy, control over island transport policy.…

THE US meat industry will be counting the cost of retaliatory tariffs announced today (Sept 18) by the Chinese government on American meat exports. This follows the US Trade Representative (USTR) today confirmed that America will be imposing 10% tariffs on a wide range of products, including meat exports, from China.…

THE US Trade Representative (USTR) today confirmed that America will be imposing 10% tariffs on drinks exports from China from September 24, rising to 25% on January 1 (2019), with the Chinese government responding immediately with retaliatory tariffs. The US action covers a wide range of drinks imports from China, including beer, wine (sparkling, still and including rice wine), and alcoholic spirits used for fortification – undenatured ethyl alcohol of 80% abv or higher.…

THE COLOSSAL potential of Myanmar’s tourism industry combined with a severe lack of transport infrastructure has prompted the government to undertake a countrywide overhaul of its airport network.

Plans range from connecting remote regions using single runway sites to a new international airport for the commercial capital Yangon, but progress on all fronts has been slow and the future of key projects is highly uncertain.…

AMERICAN meat exporters are hoping that the Trump administration aggressive trade policy approach towards China will force Beijing to remove non-tariff bureaucratic barriers that depressed sales before this year’s trade war between the two economic giants.

“We’ve already had Chinese tariffs [in the past] and the conversation is about more than just discussion of tariffs,” said Colin Woodall, vice president of government affairs at the National Cattlemen’s Beef Association.…

The latest edition of the biannual China International Trade Fair for Technical Textiles and Nonwovens (Cinte Techtextil China), held September 4-6, in Shanghai, showed how Chinese manufacturers are more than holding their own in these technically demanding markets.

The fair, a spin-off from the Techtextil show in Germany, attracted a diverse range of some 500 exhibitors from around 20 countries, covering 12 different application areas with protech, mobiltech and geotech, spanning wovens, knits and nonwovens, arguably being most prominent. …

WITH the old certainties that the world would move steadily towards ever freer trade now crumbling, the technical textile sector is closely monitoring shifts in trade policy by key governments and international organisations.

This industry depends on the free flow of materials and finished goods – and unlike many textile segments – still has a significant manufacturing presence in mature markets, making the impact of trade policy changes complex and hard to predict.…

A new report from Transparency International has found that only 11 major exporting countries in the world significantly punish companies that pay bribes abroad. The report, called ‘Exporting Corruption’, also found that more than half of world exports come from at least 33 jurisdictions, including several European Union (EU) member states, where companies that export corruption along with their goods and services face weak consequences. …