Search Results for: Czech Republic

The European Union (EU) food and drink industry is preparing to lobby to improve reforms proposed by the European Commission to EU packaging and packaging waste legislation. Industry association FoodDrinkEurope has said they will “require significant improvements to be workable”. In particular, the association is concerned about mandates within a proposed regulation that food and drink companies ensure growing proportions of their packaging be made refillable or reusable.…

The unanimous approval of a European Union (EU) directive (1) by the EU Council of Ministers on December 12, that will write pillar 2 of the OECD’s BEPS model (2) into European law – will force accountants to reassess the tax liability of their largest clients.…

US imports of textiles and apparel continue to grow as the strong dollar makes it cheaper for American companies to purchase garments overseas, but this growth trajectory does not reflect the realities of the market, according to industry experts.

Data from the US Office of Textile and Apparel (OTEXA) (1) shows that US imports of textiles and apparel increased by 22.76% to USD114.787 billion in the first 10 months of 2022, compared to USD93.505 billion in the same period of 2021.…

The European Union (EU) Council of Ministers has told its member states that it expects their governments to actively combat fraud in spending under the EU Common Agricultural Policy (CAP). That this is an ongoing problem was highlighted in a report for the EU’s financial watchdog the Court of Auditors issued in July (1).…

Global progress on tackling the risks posed by money laundering and terrorist financing (ML/TF) is “paralysed” according to the latest annual index report (1) from the Basel Institute on Governance. Over the 11 years since the first report, AML risks “have changed depressingly little”, said Basel AML Index project manager Kateryna Boguslavska on October 4.…

FATF has acted against Russia, further squeezing it from the international AML/CFT system over its invasion of Ukraine, that as of October 17 had killed 6,306 civilians (UN figures). The global AML body’s latest plenary meeting highlighted the “needless loss of life, suffering and destruction” caused by the invasion, with Russia violating “FATF’s core principles [on] the security, safety and the integrity of the financial system”.…

The political and human rights crisis in Nicaragua is worrying the international textile industry, given the serious chance the United States suspend the privileged access to American markets that Nicaraguan clothing and textile exporters have thus far enjoyed.

Just two months before the upcoming Nicaraguan municipal elections (November 6), more than 195 human rights defenders, journalists, clergy members, and actual or perceived political opponents have been accused and detained for allegedly committing actions against national sovereignty.…

Honduras is strengthening its position as an outsourcing partner for the US clothing industry, with the central American country generating the second highest receipts from sales of textiles and finished garments under free trade agreements to the United States, just behind Mexico.…

 
The European Union’s garment and textile industry pushed this Thursday, October 13, in Oporto, Portugal, for global rules to fight climate change to ensure fair competitiveness, with more international harmonisation of sustainable standards.
These wishes were expressed in the conference ‘Sustainability meets Competitiveness – how to square the circle?’,…

In early September (2022), Serbia faced a serious domestic milk crisis, with empty or half-empty store shelves, with consumers relying significantly on imports of foreign milk from Poland and the Czech Republic. The domestic supply squeeze was not a surprise for Serbia’s dairy farmers, however.…