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NEW Free Trade Agreements (FTAs) signal a promising outlook for the Vietnamese textile industry with tariff concessions providing the biggest stimulus to figures, according to the country’s trade officials.

Attendees at the 17^th Vietnam International Textile & Garment Industry Exhibition, held late last month (November 22-25th) in Ho Chi Minh City, heard the deals will impact significantly on the national textile sector.…

OECD SAYS 49 JURISDICTIONS WILL AUTOMATICALLY EXCHANGE TAX INFORMATION THIS YEAR

THE IDENTITY of 49 jurisdictions that will automatically exchange tax information in 2017 under a global standard has been revealed by the Organisation for Economic Cooperation & Development (OECD).…

It has been weeks since quotas limiting European Union (EU) sugar production were scrapped on September 30, and while its impact has yet to become clear, experts agree that EU output will rise, at least in the short term. The EU executive, the European Commission is predicting that EU sugar production will increase 20% in the coming year.…

AIRPORTS Council International (ACI) is to launch in the New Year a pilot programme designed to boost environmental good practice in airport management. The organisation’s director general Angela Gittens told a seminar on green airports, at the International Civil Aviation Organisation (ICAO), in Montréal, Canada, that the roll out would begin at Mariscal Sucre International Airport, Quito, Ecuador.…

Prospects for trade deals that have underpinned the growth in American clothing and textile imports and exports appear increasingly precarious as the administration of President Donald Trump passes the 300-day mark, participants at a clothing industry conference heard this week.

Concern is especially severe regarding the North American Free Trade Agreement (NAFTA), as indicated by ‘SaveNAFTA’ being the password to access a mobile app provided to attendees at the 29^th annual Apparel Importers Trade & Transportation Conference held by the American Import Shippers Association (AISA) and the United States Fashion Industry Association (USFIA) on November 15, in New York City.…

The lure of banking bonuses, lack of dedicated resources, ineffective implementation of compliance mechanisms and whistleblower protection schemes have all been blamed for incidents of financial organisations turning a blind eye to money laundering.

But it seems that regulators are increasingly unimpressed – a fact that money laundering reporters need to heed.…

THE WORLD Trade Organisation (WTO) appellate body is considering an appeal by Brazil against a WTO disputes panel ruling that a wide range of Brazilian tax systems, designed to promote domestic production and exports, breach global trading agreements. The WTO backed Japan and European Union (EU) complaints that these discriminate unfairly against non-Brazilian competitors.…

THE IDENTITY of 49 jurisdictions that will automatically exchange tax information in 2017 under a global standard has been revealed by the Organisation for Economic Cooperation & Development (OECD). Among the major countries included in this list are Britain, Mexico, Germany, France, South Africa and Argentina.…

THE EUROPEAN Union (EU) planned trade deal with Japan – its sixth most important trading partner – struck in principle at the July 6 EU-Japan Summit in Brussels and set to be operational in 2019, will benefit the EU dairy industry greatly, experts say.…

THE BRAZILIAN arm of Brussels-based speciality chemical firm Solvay says that it is prospering in Brazil though sales of biodegradable polyamide yarn Amni Soul Eco, reflecting the demand for bio-based materials and products in Latin America’s largest country.

Renato Boaventura, CEO of the Brazil Rhodia Solvay Group’s ‘fibras global business unit’ told WTiN.com…