Search Results for: Russia

The European Commission has launched a review of whether subsidies promoting electricity generating and distributing capacity breaks European Union (EU) state aid rules. These are designed to make sure member states do not give their industries an unfair advantage in the EU’s single market.…

The Russian Union of Entrepreneurs of Textile and Light Industry, together with some of the country’s leading textile producers have called on Russia’s President Vladimir Putin to suspend the fulfilment of some Russia’s World Trade Organisation (WTO) obligations affecting the textile industry.…

The increasing strength of the home textiles sector in Turkey has been signalled by the growth in a major international trade fair held annually in Istanbul. Exhibitors and delegates from worldwide attended the 21st Evteks International Home Textile Exhibition from May 19 to 23, which attracted approximately 125,000 textile professionals, according to statistics from organisers the Istanbul Fair Organization.…

Uruguay’s meat exports are rising, with growing production, aggressive promotions and wide access to global markets boosting sales despite a slump in Russian sales. Exports of offal, meat and byproducts increased 8.2% to USD659 million in the year through May 9, compared with USD609 million year-on-year and rose 16% in volume terms to 171,401 tonnes from 147,868 tonnes over the same period, according to the country’s National Institute of Meat (INAC – Instituto Nacional de Carnes).…

European Union (EU) beef farmers have called for help finding new markets to make up for the loss of exports to Russia in the wake of the crisis over Ukraine.
Jean Pierre Fleury, chairman of EU farm and livestock producer association Copa-Cogeca’s beef working party, has issued a plea to the European Commission, calling on it “to take urgent action to improve the EU beef market situation.”…

American pharmaceutical industry officials and trade groups remain cautiously optimistic that intellectual property (IP) negotiations with India can be resolved to the benefit of both nations’ medicine sectors. For now, however, India remains on a so-called ‘priority watch list’ of nations the US is urging to address key IP protection concerns.…

World football’s governing body FIFA – Fédération Internationale de Football Association – has claimed it is the victim following the arrests of 14 officials in Zurich on May 27, before its latest annual congress. The Office of the Attorney General of Switzerland (OAG), which made the arrests for its US counterpart, also announced it had opened its own separate case.…

EUROPEAN Union (EU) member states have suffered unevenly from Russia’s ban on EU food exports from last August, according to European Commission data.

While Finnish and Estonian extra-EU food and drink exports fell sharply in August-November 2014 compared to the same period in 2013 (32% and 22% down respectively), other EU food exporters saw only moderate falls in such sales, or even gains.…

The fall of the Russian ruble is pushing leading Russian textile and clothing brands into considering abandoning outsourcing abroad, shifting production back to Russia and away from China and other Asian countries, government officials claim.
According to analysts at the Russian ministry of industry and trade, the decline of the ruble (RUB) (1 ruble now buys 1.9 US cents, compared to 2.9 cents last June) through weak oil prices and western sanctions, has made Russian textile production 15%-20% cheaper than Asian imports.…

GOVERNMENT help in encouraging struggling auto markets can be very effective, but assistance needs to be phased out carefully so that sales booms do not turn into slump, the leader global automotive manufacturer federation OICA has told wardsauto.
In an exclusive interview, OICA (Organisation Internationale des Constructeurs d’Automobiles) secretary general Yves van der Straaten pointed to the phenomenal growth in the Spanish car market as an example.…