Search Results for: China

A GLOBAL meeting of senior aluminium executives worldwide has heard calls for a multilateral solution for the problem of overcapacity. The goal would be integrating China and its state-owned enterprises into the world trading system in a way that is acceptable to major market economy regulators.…

CANADA’S minister of international trade today told world aluminium sector leaders how the deplored the imposition of duties by the USA of Canadian exports of the metal, branding it “deeply troubling and unacceptable.” Arguing that the action would “do nothing to address the problem of global over-capacity”, François-Philippe Champagne said the tariffs would harm American and Canadian producers whose integrated aluminium industries “don’t sell to each other, they make things together.”…

Cotton industry analysts have said the clothing industry should not overreact to a major hike in Chinese cotton futures contracts, following years of stockpiling the fibre by China buyers, even though they accept market uncertainty has been driving up prices.

Contracts have been purchased covering more than 361,000 bales of US cotton for 2019-20, according to US Department of Agriculture data which “would be enough to make 400 million t-shirts,” the Wall Street Journal suggested in an article on June 10, adding: “China has never booked that much cotton that far in advance at this time of year, in data going back to 1998” and has now become a “major consumer” of US cotton.…

PAKISTAN’S law enforcers and regulators are on the front line when it comes to fighting terrorist financing, money laundering and financial crime in general, both within the country and from across its borders, notably conflict-riven Afghanistan. But its government and state agencies often send mixed messages over their commitment to fight terror finance.…

The UK Government is to dispute a multi-billion Euro charge handed to it by the European Commission in relation to alleged unpaid duties on Chinese imports of clothing and footwear over several years.

Brussels formally notified the UK of its intention to recover the duties in March this year.…

SOUTH Korean conglomerate Lotte Group has announced a major expansion of production at its plant in Kaluga, western Russia, which will involve building a new manufacturing line and double the capacity of an existing line.

A statement sent to just-food said that the construction and installation work should be completed by this November.…

AMERICA’S pork exporters will be counting the cost of new 25% tariffs announced on Saturday (June 16), by the Customs Tariff Commission of the State Council of China, on USA-made meat and poultry exports. The duties were a response to tariffs announced the day before (June 15) by the USA Trade Representative (USTR), on China-made meat preparation and poultry-keeping equipment.…

EUROPE’S plastics manufacturing and plastics manufacturing machine sectors may be able to increase exports to the USA and China because of the trade war between the two countries that has broken out.

New American tariffs announced (Friday, June 15) by the USA Trade Representative (USTR) involve USD50 billion’s worth of Chinese exports being hit by 25% duties, additional to any other duties already applied, imposed over claims that Chinese companies are filching American intellectual property.…

MALAYSIA has long positioned itself as a higher-tech source of textile manufacturing and so it is maybe no surprise that it has been growing its digital textile printing segment.

That has been to the benefit of key Japan-based digital imaging and printing solution supplier Epson, which currently claims a Malaysian market share of 87% – based on data harvested last year (2017).…

ACHIEVING regulatory convergence in the USD465 billion global cosmetics industry (Euromonitor 2017 figures) is an important long-term goal, industry experts agreed at European personal care product association Cosmetics Europe’s June 13-14 annual conference 2018 in Brussels. Europe is a key market for this industry – providing EUR77.6 billion’s worth of personal care product sales last year, and supporting more than two million jobs, said Cosmetics Europe president Loïc Armand, also president of L’Oréal France.…