Search Results for: United Nations

THE CHAIRMAN of the Indonesian Textile Association (API – or Asosiasi Pertekstilan Indonesia) has told WTiN.com that it is anticipating steady growth in exports of Indonesian textiles and garments over the next few years. Expansion in Japan, the Middle East and other Association of Southeast Asian Nations (ASEAN) markets would prove increasingly important, he predicted.…

INDIA’S nonwoven technical textile industry is facing mixed fortunes as various different segments face diverging growth patterns. While the companies involved in the manufacturing of hygiene and baby care-related products are expanding their operations, those involved in low-end packing materials are barely recovering their costs.…

The ongoing investigation into Swedish telecoms group TeliaSonera’s involvement in suspected money laundering (ML) and bribery in Uzbekistan has prompted a fresh push by government to introduce tougher reporting rules for a broader range of ML offences in 2014.

Significantly, the new measures will give law enforcement agencies greater powers of arrest and asset seizures where money laundering is suspected.…

THE MALDIVES may best be known a tropical paradise with rare beauty, but this south Asian archipelago is also a hotbed for terror financing and money laundering, analysts fear. The country is now attempting to strengthen weak anti-money laundering and combating the financing of terrorism (AML/CFT) laws that have created a “magnet effect for foreign organisations to pour money into local extremist groups,” warned Jean-Charles Brisard, US based terrorism financing expert and former chief investigator for the 9/11 families’ lawsuits against Al Qaeda financiers.…

Given its location, political actors and recent history, Lebanon has long been under the international regulatory spotlight. The US Treasury’s fingering of the Lebanese Canadian Bank in 2011 for money laundering concerns rocked its financial sector. Beirut has since been scrambling to address any short-comings, while at the same time dealing with sanctions on neighbouring Syria.…

MEXICO’S new president Enrique Peña Nieto, who came to office in December 2012, promised a less militaristic fight against the country’s increasingly violent drug trade, so his government’s implementation of a new anti-money laundering (AML) law will be watched closely.

Past president Felipe Calderón launched a severe military-led crackdown against the country’s drug cartels towards the end of 2006, around 80,000 people have since been killed in drug-related violence since.…

World fibre production, especially for cotton, is strong, with cotton prices stabilising after experiencing a few years of high prices. Yet, the apparel and textile trade landscape is shifting as production moves away from China and domestic demand in Asia is set to boom, which will put more pressure on existing fibres and fabrics production worldwide.…

International and major domestic food companies who want a share of India’s fast growing branded food consumer markets have one major difficulty especially – dealing with the country’s underdeveloped and fragmented distribution networks.

These are especially complex given India’s cultural diversity.…

EUROPEAN AND Canadian meat traders are looking to boost overseas sales after today’s formal announcement of the widely anticipated Canada-European Union (EU) Comprehensive Economic and Trade Agreement (CETA).

Speaking in Brussels, European Commission president Jose Manuel Barroso said: “We were able to strike a very good balance between our offensive and defensive interests [in agriculture],” while noting that this area was particularly sensitive during the negotiations.…

In the 1950s, Japanese companies’ technical and industrial expertise put them at the forefront of the textile innovation, leading the move from the ‘rayon era’ to the polyester, nylon and acrylic of the ‘synthetic fibre era’. While the industry is a lot smaller than it was, it is now focused on specialist products and quality over quantity.…