Search Results for: United Nations

THE ELECTION of tobacco magnate Horacio Cartes as Paraguay’s President cy was mired by scandalous accusations of corruption, and now experts say he will do little to confront the country’s flourishing contraband cigarette trade.
Mr Cartes, 56, is a business tycoon and newcomer to politics who owns more than 20 companies, including Paraguay’s largest cigarette manufacturer Tabacalera del Este (Tabesa).…

The vice-chancellor of Cameroon’s English-speaking University of Buea (UB) has declared she is determined to soothe tensions on her campus which have led to a series of violent strikes by students. Buea is one of two public English-speaking universities in majority-Francophone Cameroon.…

PAKISTAN has strengthened its anti-money laundering (AML) and combating the financing of terrorism (CFT) laws and institutions but still faces huge challenges to fight dirty money flows stemming from its large black economy, corruption, tax evasion, smuggling, political conflicts of interest and its role as a conduit for drug trafficking and terrorists.…

THE CHANGES made in 2012 by the Financial Action Task Force (FATF) to global anti-money laundering and terror finance guidance might have been agreed by consensus, but governments are responding in a wide variety of ways. Some jurisdictions considered to be leaders in anti-money laundering (AML) and combating the financing of terrorism (CFT) practice are taking time to respond, while others have taken advantage of the new recommendations to revamp their AML laws and regulations.…

A PUSH by the G8 group of the world’s seven most industrialised nations plus Russia to improve extractive industry transparency and openness can help industrial minerals companies manage the payments they make in developing counties, as they will only have to follow one set of rules, according to Rio Tinto chief executive Sam Walsh.…

THE CANADIAN industrial minerals sector has told its government how it wants upcoming extractive industry transparency rules to be written. Its advice follows a promise by the country’s Prime Minister Stephen Harper to table legislation fighting mining industry corruption, made at the recent G8 summit in Northern Ireland.…

THE TURKISH textile and garment industry body told just-style said that there has been no disruption to its delivery of orders following the civil unrest that has been taking place in the country for more than a week. The anti-government protests, which began on May 31 in Istanbul, extended to a two-day strike in Turkey’s major cities on June 4 to 5 by thousands of trade union members.…

KYRGYZSTAN’S promising textile and garment industry increased “textile and garment exports 17-20% between 2010 and 2011,” a United States Agency for International Development (USAID) official in the Kyrgyz capital Bishtek has told just-style, quoting most recent available figures. Indeed he claimed the Kyrgyzstan government’s goal of increasing garment and textile exports by 60% from 2012 to 2015 is “achievable”.…

THE KENYAN government is pushing for an extension of the USA’s African Growth and Opportunities Act (AGOA), which gives sub-Saharan African exporters special access to American markets. The country’s east African affairs, commerce and tourism minister (cabinet secretary) wants AGOA extended at least 10 years from its current September 30, 2015, expiry date: “If possible, we would like to have the current protocol transformed into a permanent trade agreement,” added Kandie, addressing officials of the African Cotton and Textile Industries Federation in Nairobi on June 24.…

The concept of closed loop supply chains sounds a laudable, if possibly Utopian ideal: a virtuous circle of production from cradle to grave and back to cradle again. However, as Ulf Eriksson, product manager for textiles and shoes at the Sweden-government-owned Ecolabelling Sweden (or Svanen – Swedish for swan), pointed out: “A closed loop is a challenge for the garment industry because this is a fashion business.…