Search Results for: Mexico

THE EUROPEAN Union (EU) meat industry has expressed disappointment over the decision by Russia to extend by 18 months its ban on EU exports of meat and meat products, but is optimistic that producers will continue finding alternative markets.

Leaders of EU farm industry association Copa-Cogeca and the European Livestock & Meat Trading Union (UECBV) stressed to GlobalMeatNews that the European Commission, food industry companies and EU member states had successfully adapted to Russia’s actions.…

International politics and trade relations are set to influence the medium-term future of the US paint and coatings industry, analysts have predicted, highlighting a generally positive outlook with certain caveats.

USA PAINT AND COATINGS SECTOR EXPECTED TO GROW, IF TRUMP DOES NOT TORPEDO TRADE POLICY

The state of the economy and its knock-on effect to the construction and manufacturing sectors (the World Bank is forecasting 2.2% GDP growth for the USA in 2017), is encouraging for paint and coatings producers.…

WITH the Asia-Pacific continuing to be the hub of global industrial growth and also a nexus of technological innovation, the region’s non-wovens sector has been making the most of these benefits, increasing both output and quality.

The Chinese nonwoven fabric sector, for instance, has been growing steadily, with 8-10% year-on-year growth in recent years, surpassing the average growth rate of the country’s entire textile industry.…

The European Commission will press trading partners at this week’s July 7-8 G20 summit in Hamburg, Germany, to remove unfair obstacles to European Union imports, after a EU report detailed such restrictions, many affecting clothing and textile trades.

Referring to the Commission’s latest annual Report on Trade and Investment Barriers (TIBR), EU trade Commissioner Cecilia Malström warned G20 leaders it was prepared to launch World Trade Organisation cases if necessary: “We are taking action.…

THE BURGEONING automotive manufacturing sector of central Europe’s Slovakia is paying close attention to an inquiry by the European Union (EU) executive, the European Commission, into how its government supports the sector. The upcoming decision by the Commission, which has powers to ensure national governments do not distort the EU’s single market by subsidising local industrial champions, could have significant implication for the future of Slovakia’s auto sector.…

LEGISLATION has been proposed in the USA Senate designed to prevent money launderers evade anti-money laundering controls by making a series of transactions each under the USD10,000 threshold sparking regulatory reports by financial institutions. The rule has been abused by launderers and a law proposed by Iowa Republican Senator Chuck Grassley and California Democrat Dianne Feinstein clarifies that USA AML controls should apply to a series of such payments.…

India’s Ready Roti, makers of Harvest Gold bread, is planning a major expansion with new products following a 65% stake sale to Mexico’s Grupo Bimbo. Rajan Makani, deputy general manager, brands, for Ready Roti in New Delhi told just-food that the deal “will be beneficial for Indian consumers”, with the tie up sparking the launch of “many new products”. …

The macro-economic slowdown experienced by Latin America in recent years has thrown the brakes on what had been impressive growth in the beauty and personal care sector since the turn of the century.

Much of the region is now looking for ways to stimulate the sector, tempering ambitions by aiming for more gradual growth rather than runaway success.…

Singapore will review its 80 bilateral agreements on avoiding double taxation to ensure they do not help companies avoid paying tax where relevant business activity took place. This follows its signing the Organisation for Economic Cooperation & Development (OECD)-sponsored Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting.…

While South Korea has not yet ratified the UN’s Paris Agreement dealing with greenhouse gas emissions, its important automobile industry has been making serious commitments to green practices, including the transition from solvent-based to waterborne coatings.

According to New Jersey, US-based coatings consulting firm Kusumgar, Nerlfi & Growney, the South Korean passenger car and light vehicle coating market involved supplies of 60,000 tonnes in 2016, and these are becoming increasingly environment-friendly: about one-quarter of basecoats sold are now waterborne.…