Search Results for: Vietnam

BY MARK ROWE
INTERNATIONAL cosmetics companies are increasingly casting an eye over south-east Asia. In the middle of the first decade of the 21st Century it would appear to offer all things to all companies.

With Asia (including nearby China) representing half of the world’s population and an economic growth rate ranging between 5 and 10%, many companies are interested in entering or developing these markets.…

BY KEITH NUTHALL
EUROPEAN Union (EU) anti-fraud agency OLAF has helped uncover three rules-of-origin frauds costing EU coffers millions of Euros. In one case, an OLAF-German police inquiry has uncovered the loss of Euro 50 million in duties by the illicit rerouting of Chinese energy-saving lamps via Vietnam, Pakistan, Thailand, Malaysia, the Philippines, Indonesia, the United Arab Emirates, Sri Lanka and Tunisia to evade 66.1% anti-dumping duties on China-made lamps; Euro 7 million of avoided taxation has been recovered.…

BY KEITH NUTHALL
VIETNAMESE clothing manufacturers have been guaranteed quota-free access to the established members of the World Trade Organisation (WTO) after joining the global trade body on January 11. Its membership, which followed 12 years of negotiations, also means that duty levels for its exports to other WTO countries will henceforth be capped.…

BY KEITH NUTHALL

THE EUROPEAN Union (EU) Council of Ministers has imposed definitive anti-dumping duties on imports into the EU of footwear with uppers of leather made in China and Vietnam. These 16.5% and 10% duties were agreed one day before provisional anti-dumping duties they replace were to lapse, because southern European countries seeking to protect their shoe-makers disagreed over duty levels with northern Europeans wanting cheap shoes for their citizens.…

BY KEITH NUTHALL

THE EUROPEAN Commission has warned of a continued surge in counterfeits of perfumes and cosmetics entering the European Union (EU), with 694,633 fake products seized by customs officials last year. That said, this actually represents a fall in numbers from 2004, being 89% of the number seized in that year.…

BY KEITH NUTHALL

VIETNAM will hope its November approval of accession to the World Trade Organisation (WTO) will improve the access to overseas markets enjoyed by its clothing and textile exporters. Membership means that Vietnam and its trading partners have promised to keep their mutual clothing and textile trades unimpeded by restrictive quotas.…

BY KEITH NUTHALL

VIETNAM will be hoping that the approval this week of its accession to the World Trade Organisation (WTO) will improve the access to overseas markets enjoyed by its clothing and textile exporters. Membership means that Vietnam and its trading partners have promised to keep their mutual clothing and textile trades unimpeded by restrictive quotas.…

BY KEITH NUTHALL

THE EUROPEAN Commission has announced it will spend Euro 28.3 million on research to fight bird flu, which remains a threat to European Union (EU) environmental health. The studies will examine the flu’s microbiological mode of attack, human and livestock vaccine development, better diagnosis and early warning systems.…

BY KEITH NUTHALL

THE LAST minute decision to impose European Union (EU) anti-dumping duties on shoes exported from China and Vietnam has been savaged at the European Parliament. Leading MEPs from the key socialist and liberal groups denounced the move as folly, although the parliament will not be able to reverse the decision.…

BY STEVEN SWINDELLS, in Johannesburg

SOUTH African retailers have been warned by their government that they could be guilty of "treason" if they try to get around quotas placed on Chinese clothing and textile imports.

The bizarre and disconcerting warning from Deputy President Phumzile Mlambo-Ngcuka came after leading retailers warned that an imminent cap on Chinese textile imports would force them to import alternative supplies from other foreign producers – including those in Vietnam, Bangladesh and eastern Europe – whose goods are cheaper than local manufacturers.…