Search Results for: World Trade Organisation

The wool and textile sectors of Australia and the UK will be closely assessing the impact of the UK-Australia Free Trade Agreement (FTA), which came into force on May 31 (1). The agreement, one of the first major trade deals stuck by the UK following its Brexit from the European Union (EU) in 2020, includes a significant reduction and removal of tariffs in trade between the two.…

AML vendors are keen to promote the benefits of artificial intelligence (AI) in fighting ML and TF, helping obliged entities detect and block dirty money flows. But every technology can also be wielded by bad actors, and AI is no different.…

Cloud PLM (product lifecycle management) software solutions are growing in number and functionalities to meet fashion clients’ needs as brands strive to improve their cost savings, sustainability and transparency. 
PLM software helps to manage goods and associated data from production to disposal.…

Kenya’s government has proposed imposing a 25% tariff increase on imported clothing and textiles, a move designed to wean Kenyans off luxury imported clothes, supporting a domestic clothing and textile industry that has been harmed deeply by foreign-made garment sales.

Confirming the intention to introduce the new tax measures, investments, trade and industry cabinet secretary (minister) Moses Kuria said the new taxes would help Kenya’s textile and clothing industry: “The country has a rich textile sector that should be expanded,” said Kuria on August 14, while addressing Kenyan textile investors.…

In the wake of the European Union’s (EU) impending sustainability-focused textile regulations and guidelines (1), Peru stands uniquely poised to amplify its exports of alpaca, camelid fibers, and cotton. This South American nation’s key to unlocking European markets lies in aligning its sustainability initiatives with the EU’s visions.…

The Indonesian government is looking to actively support the country’s textile and clothing industry as it faces a downturn in exports, depressed by soft economies in overseas markets facing high inflation and interest rates.

Trade has indeed fallen, said the Indonesia industry ministry, which told Just Style of a decline in both exports and imports in the first half of this year (2023), with clothing and textile exports dropping by 18.7% and imports by 19.8%.…

Fraud investigators are often meticulous and driven, building a case for their employers that may end up in court – but what red flags might spark an initial inquiry?

Written advice is widely available – from the Association of Certified Fraud Examiners (ACFE) and government agencies responsible for white collar crime.…

Digital textile printing could grow in Argentina, but successive international and national crises are hindering the trust needed for the industry to invest in this critical technology, especially as the country heads to October presidential elections that may lead to major economic changes.…

Businesses and public authorities across the European Union (EU) are facing tougher laws on late payments, with the European Commission proposing a new regulation that would insist on maximum 30-day terms. Under the legislation, if approved by the European Parliament and the EU Council of Ministers, later payments would automatically accrue interest payable to the creditor, at 8% above European Central Bank (ECB) base rates.…

UN member states have been urged to create solid national policy and spending commitments to achieve the body’s Sustainable Development Goals (SDG) by 2030, including the key SDG4 on education. https://sdgs.un.org/goals/goal4 Its aim is inclusive and equitable quality education, delivering lifelong learning opportunities for all.…