Search Results for: South Africa

TIME was when dairy farming in Ireland was a family affair, with smallholdings and local dairies predominant. But those days are long gone. The Irish dairy sector is now big business, not just on Republic of Ireland’s 4.8 million population, but also overseas, with big brands targeting foreign markets.…

SOUTH Korea’s textile exports to Vietnam and the south-east Asian country’s garment exports to South Korea are forecast to register continued robust growth on the back of a range of free-trade agreements linking the two countries.

Data compiled by the department of fashion and apparel studies at the University of Delaware in the USA, stressed how South Korea has for a long time been a leading supplier of textiles for Vietnam, last year (2017) accounting for 17.8% of Vietnam’s total textile imports in value terms, whereas Vietnam is quickly becoming the second-largest garment supplier for South Korea after China, with 30.9% of all imports in 2017 in value terms, up significantly from just 1.7% in 2007.…

Indonesia is seeking to open new markets for its textile and garment products – not only are free trade agreements with Australia and fellow Asian countries are on the cards, the industry’s association and the government has announced, but the industry is also targeting African export sales.…

IN its trade war against China, the Trump administration in the USA has added tariffs on a wide range of upstream textile inputs and fashion-related consumer products, raising the spectre of fraudulent rerouting of Chinese textile-garment products through neighbouring regions, notably south-east Asia.…

CHINA’S State Tobacco Monopoly Administration (STMA) aims to between 2016 and 2020 double domestic sales of premium cigarettes whose retail prices exceed Chinese Yuan Renminbi CNY200/carton of 10 packs (USD29.10), or CNY20 per pack, (‘category one’ in Chinese language), compared to 2011-2015 sales.…

Egypt’s anti-money laundering AML regime is being undermined by the lack of an independent judiciary and the economically-active military increasingly above the law, despite reforms to the law governing an Administrative Control Authority charged with curbing corruption.

Another concern voiced by AML experts is the weakening of Central Bank of Egypt’ independence under the government of strongman President Abdel-Fattah Al Sisi, a former field marshal.…

Cryptocurrencies have made a big splash across Asia, and governments have taken very different regulatory approaches to curb associated financial scams and money laundering.

While there is one group of countries that has banned the operation and use of cryptocurrencies entirely, including China, India and Vietnam, a second category spans countries that see cryptocurrencies as potentially boosting their own financial sectors.…

THE UNITED States Trade Representative (USTR) today branded the Global Forum on Steel Excess Capacity a failure, claiming its efforts have not delivered the production cuts that markets need to stabilise prices.

In a strongly worded statement released after a forum ministerial meeting was staged today (Sept 20) at the Organisation for Economic Cooperation & Development (OECD), in Paris, the USTR argued that the group’s results to date “leaves us questioning whether the Forum is capable of delivering on these objectives”. …

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. …

SUB-SAHARAN Africa may not have been the most fertile ground for technological innovation in the clothing, textile and fibre sectors but speakers at an International Textile Manufacturers Federation (ITMF) conference in Nairobi, Kenya, September 7-9, stressed the best way ahead.…