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India’s petrochemicals industry is preparing to exploit its growth potential and can benefit from lessons learned in Europe. Indeed, India’s intertwined petrochemicals and refining sectors received a significant endorsement of their future potential in April 2018 in the shape of major foreign investment in what will be one of the world’s biggest integrated sites for these twin purposes.…

THE TEXTILE sector looks likely to become a major casualty of a new trade war brewing between the USA and China, unless the two governments step back from the brink and strike a deal rather than impose tit-for-tat duties.

Upset about alleged thefts of American intellectual property by Chinese industrialists, the USA has proposed imposing 25% duties on a wide-range of China-made manufactured goods.…

WILL Brexit increase money laundering through the UK, or will the British government’s October 2017 Sanctions and Anti-Money Laundering Bill (SAMLB) and the UK money laundering regulations 2017 adequately replace the European Union’s (EU) anti-money laundering directives (AMLD)?

British Labour member of the European Parliament (MEP) Claude Moraes has his doubts.…

THE USA has threatened to impose 25% duties on China-made exports of parts for offshore oil and natural gas, drilling and production platforms, including for boring and sinking machinery, to protest against alleged Chinese thefts of American intellectual property.  

These oil and gas sector technologies have been included on a draft US Trade Representative (USTR) list of China-made goods that would attract these duties – https://assets.documentcloud.org/documents/4430282/Office-of-the-United-States-Trade-Representative.pdf.…

HONG Kong’s Financial Services and the Treasury Bureau (FSTB) has released a detailed risk-based action plan for boosting the ability of the special administrative region (SAR) to fight money laundering and terror finance (ML/TF). A risk assessment report has concluded that this key Asian financial centre’s banking sector faces “high ML/TF risks”, including fraud, tax evasion, corruption and sanctions evasion, with private banking, trade finance, international funds transfer, and retail and corporate banking all vulnerable.…

THE INTERNATIONAL knitwear sector has found itself at the centre of the ongoing turmoil in global trade relations, with major jurisdictions considering imposing tariffs on knitted products, inputs and related machinery.

One concern focuses on how the USA has proposed imposing 25% duties on a wide-range of China-made manufactured goods over alleged thefts of American intellectual property by Chinese industrialists.…

The United States Fashion Industry Association (USFIA) has raised significant concerns about the risk of 25% duties being imposed on imports into China of American-produced cotton, as the latest trade row between Washington and Beijing ramps up.

Stung by the announcement of the USA’s planned imposition of 25% duties on a wide-range of Chinese manufactured goods (among them clothing-making machinery, such as knitting machines and finishing equipment), over allegations of intellectual property theft, China has announced possible retaliatory duties.…

Word from US President Donald Trump that he may reverse a longstanding position and explore the possibility that the country may join the Trans-Pacific Partnership (TPP) after all, has left the fashion industry – along with much of the American business community – somewhat sceptical, while being supportive.…

The uncertainty of potential tariffs affecting the clothing and textile sector — and a Trump administration that appears poised to levy more of them — loomed large over a meeting held by the American Apparel & Footwear Association, in Washington DC, on April 25.…

The American Apparel & Footwear Association (AAFA) conference in Washington DC, on April 25, has heard how the clothing sector needs to boost innovation to sharpen its competitive edge in commercially uncertain times.

Whether creating prototypes from designs within minutes through 3D printing, fabrics being dyed as completed pieces and introducing wearable technology throughout wardrobes, speakers stressed how new concepts could all become mainstream in the clothing industry’s future.…