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AMERICAN confectioners may suffer from the latest tit-for-tat tariff exchange between the USA and China, with retaliatory duties from China targeting US confectionery exports. Many of these duties are high – at 25% – imposed from September 24 on US-made sugar; cocoa powder; milk powder; honey; jams; and more; plus 20% duties on US-made confectionery without cocoa; chewing gum; some chocolates; and more.…

*EU member states have been given temporary permission to use so-called reverse charge mechanisms to collect VAT, involving shifting liability to pay from suppliers to customers, to fight fraud. The EU Council of Ministers has approved a directive allowing governments to reverse charge VAT on domestic supplies of goods and services above EUR17,500 per transaction until June 2022, when a country is losing 25% or more of VAT to carousel fraud.…

EUROPEAN Union (EU) and Mercosur negotiators went into crucial trade talks in Uruguayan capital Montevideo September 10-14, cheered on by automakers on both sides who want a deal, even though there are tough technical issues to resolve. The round is another bid to smash the deadlock over a future trade pact between the EU and the four founding Mercosur nations – Argentina, Brazil, Paraguay and Uruguay. …

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. …

CANADA’S government has been talking tough about protecting the country’s supply management system, as negotiators conduct what might be the final round of talks to renew the North American Free Trade Agreement (NAFTA), with the United States and Mexico.

Faced with objections from US President Donald Trump about sky-high Canadian tariffs on out-of-quota imports of some foods, including chicken and turkey, Ottawa has stressed that it wants to preserve its supply management of these poultry products within Canada.…

THE ASIA-PACIFIC (APAC) region’s oil and gas sector faces an unprecedented level of decommissioning for which it is under-prepared and lacks experience, analysts have warned. Unclear regional government regulations coupled with a lack of local expertise mean that companies and regulators face a steep learning curve, high initial costs and the potential for mistakes, according to the consultancy group Wood Mackenzie’s latest analysis.…

THE RUSSIAN and European Union (EU) meat industries are beginning to accept Russia’s ban on meat and livestock as a fact, with President Vladimir Putin extending the existing embargo on imports of meat and other food products to Russia from western countries and allies until December 31, 2019.…

THE NEWLY signed 11-member Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) could help Vietnam boost garment and textile exports to the lucrative Australian market significantly. But the Asian clothing makers may still face big challenges in taking market share in this mature market away from China, experts warn. …

THE AMERICAN tobacco industry has had to face up to retaliatory safeguard duties on imports into the European Union (EU) of USA-made tobacco and tobacco products, after US President Donald Trump imposed import duties on EU-made aluminium and steel imports.

The American duties came into force on June 1 and the EU reaction was swift.…