Search Results for: Dominican Republic

BY KEITH NUTHALL

THE WORLD Customs Organisation (WCO) has launched a crack-down on fraudulent medicines in 16 African countries, seizing more than 82 million doses of illegal pharmaceuticals worth more than USD40 million. A WCO note said: "These results are alarming…" Its officers worked with the Institute of Research against Counterfeit Medicines (IRACM) and 16 national customs administrations in raids called VICE GRIPS 2, targeting seaport containers in Angola, Benin, Cameroon, the Democratic Republic of the Congo (DRC), Congo (Brazzaville), Gabon, Ghana, Guinea, Ivory Coast, Kenya, Liberia, Mozambique, Nigeria, Senegal, Tanzania and Togo.…

BY KEITH NUTHALL

THE WORLD Customs Organisation (WCO) has launched a crack-down on illicit medicines in 16 African countries, which sparked the seizure of more than 82 million doses of illegal pharmaceuticals. The haul included antimalarial and anti-parasitic drugs, antibiotics, cough syrups, contraceptive pills and infertility treatments, worth more than USD40 million.…

BY MJ DESCHAMPS

FOR multinational businesses, comprehensive and precise financial reporting is critical for a company’s success, and such good practice is also essential for companies striving for profits within emerging markets.

Earlier this year, the World Bank’s International Finance Corporation (IFC) released a report ‘Being the Change: Inspiring the Next Generation of Inclusive Business Entrepreneurs Impacting the Base of the Pyramid’, which highlights the IFC’s ‘inclusive business models’ strategy.…

BY LEAH GERMAIN

THE USA Chamber of Commerce and America’s National Association of Manufacturers (NAM) have launched a legal challenge to a Security and Exchange Commission (SEC) rule requiring companies to list the use of "conflict-minerals" in their product supply-chain. Finalised by the SEC in August, the rule requires US-listed companies to disclose if their products contain minerals, such as tantalum, tin, gold or tungsten, originating from the Democratic Republic of the Congo (DRC) or an adjoining country.…

BY LEAH GERMAIN

US textile industry experts are predicting a boost to the country’s thread manufacturing sector following a reform to a loophole in the US-Dominican Republic-Central America Free Trade Agreement (CAFTA-DR) that had left American producers vulnerable.

The new rule comes into force on Saturday (October 13) and corrects a definition that had encouraged the use of non-US (mainly Chinese and other east Asian) sewing threads in American, Central American and Dominican textiles and apparel production.…

BY KEITH NUTHALL

PRESSURE is growing on European Union (EU) ministers to give the EU’s sugar production quota system a stay of execution. MEPs on the European Parliament’s agriculture committee have called for the retention of EU sugar quotas for beet farmers until 2020, rather than follow existing plans to phase them out in 2015.…

BY KEITH NUTHALL

THE CEO of Nestlé has praised the role of international standards in managing his multi-national company, giving it a health-based legal framework within which its specialists can creatively develop new confectionery and other food products.

Speaking within an International Organization for Standardization (ISO) briefing, Paul Bulcke said: “Tastes may differ, but health requirements and minimum standards are the same the world over.…

BY LEE ADENDORFF, IN BOLOGNA

MORE than 110 academics and university administrators met in Bologna, Italy on September 21 for the twenty-fourth anniversary conference of the Magna Charta Universitatum – a declaration on fundamental university principles that has now been signed by over 750 universities worldwide.…

BY ROB STOKES

THE EUROPEAN Commission has launched an anti-trust investigation into Russia’s Gazprom, suspecting it of stifling gas market competition in central and eastern European (CEE). The Commission is investigating whether the energy giant may have: divided gas markets by hindering free flow of gas across member states; prevented diversification of gas supply; and imposed unfair prices on customers by linking gas to oil prices.…

BY ZLATKO CONKAS

THE TURKS used to run the former Yugoslav Republic of Macedonia as colonial overlords – now with the country enjoying its independence since 1991, its government has shown its confidence in welcoming a Turkish company TAV Airports Holding to run its two international airports.…