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New Zealand’s major wool producers and exporters have welcomed the free trade agreement struck between their country and the European Union (EU) in June, which will lower international supply chain costs for this key yarn and fabric input.

EU imports of New Zealand wool were already duty free, except for some low duties on more processed items, such as carded wool – 2%, whose smaller duties will now be removed, however.…

There is a growing global movement to align Islamic social finance with the United Nations’ Sustainable Development Goals (SDGs) (https://sdgs.un.org/goals), which are designed to address global environmental, social and economic challenges by 2030. These include combating poverty, inequality, climate change and environmental degradation and ensuring social justice.…

Time was when modest Muslim fashion was about being unseen – practicing piety without giving as much as a nod to style or fashion. But female consumers around the Muslim world are increasingly combining their desire to proclaim modesty and religious identity without discarding elegance and sophistication in their clothing choices.…

Textile businesses in the European Union (EU) will need to reinforce checks on the safety of chemicals used in textile finishing and the amount of chemicals used, following the entry into force of new EU product safety rules under a revision of the EU’s general product safety directive (1).…

The European Union (EU) has sanctioned Russia’ largest bank – Sberbank – which is majority-owned by the Russian state, preventing it from trading and operating in the EU, freezing its accounts.

The EU has also banned EU companies, public agencies and individuals from importing or transferring (directly or indirectly) Russian gold and jewellery.…

THE BRITISH Coatings Federation (BCF) has continued to press the UK government to mitigate the problems caused by Britain’s Brexit withdrawal from the European Union (EU), as the country’s industry fights to preserve its income.

Both imports of raw materials and packaging supplies, as well as exports of finished products to and from the EU have been hindered by the red tape imposed on trade under the EU/UK Trade and Cooperation Agreement (TCA) that underpinned Brexit, says the BCF.…

European Union (EU) member states are lagging in compliance with a requirement in the fifth anti-money laundering directive (5 AMLD) (1) to create public ultimate beneficial ownership (UBO) registers by January 10, 2020. A European Commission webpage (2) on 5AMLD compliance last updated June 2 (2022) shows 12 governments are facing infringement proceedings either because they have not adopted legislation writing the directive fully into national law or because they have implemented it incorrectly.…

Suspicious transaction reports (STRs) often receive bad press in AML circles, experts claiming they are too expensive, numerous and often containing little value for law enforcement investigations. However, the truth is that STRs are widely used to investigate and prosecute money laundering and associated predicate offences, even if the debate continues over their cost effectiveness.…

The striking of a political agreement over a European Union (EU) directive that will guide how its 27 member states set minimum wages, with the goal of increasing pay in low salary sectors such as clothing and textile manufacturing, is being watched closely by the fashion industry.…