Search Results for: World Trade Organisation

The South Korean aesthetics market is regarded by UK-based market researcher GlobalData as the fastest growing in the Asia-Pacific region, with an anticipated compound annual growth rate (CAGR) of approximately 7% between 2022 and 2030, displayed remarkable resilience during the pandemic.…

Caribbean islands offering offshore financial services have been named on a European Union (EU) blacklist that claims to target jurisdictions who give companies unfair tax breaks when parking their money in local bank accounts. The EU Council of Ministers on October 4 added the Turks & Caicos Islands, a UK overseas territory (OT), to the list, while re-listing another UK OT, Anguilla, which had been removed as recently as last October (2021) and The Bahamas, which had been removed in 2018.…

The International Sustainability Standards Board (ISSB) has started detailed work on helping smaller companies apply its draft standards on general disclosures and climate reporting. A board meeting in Frankfurt, Germany, “discussed how it could give more consideration to the range of capabilities and preparedness of entities around the world to apply the proposals…”, said its minutes.…

THE Gujarat Cooperative Milk Marketing Federation, owner of India’s leading dairy brand Amul, could become the leader of a planned multi-state association of five major Indian cooperative bodies promoting organic Indian food products.

The other cooperatives are the Indian Farmers Fertiliser Cooperative Limited (IFFCO), the National Agricultural Cooperative Marketing Federation (NAFED), the National Cooperative Development Corporation (NCDC) and Krishi Bharatiya Cooperative Limited (KRIBHCO).…

China’s nonwovens industry is preparing for ongoing long-term growth, bolstered by increasing demand for nonwovens globally and inspired by the drive for digitisation within the country, to improve manufacturing productivity and efficiency. With support from national government policy and initiatives to boost digitisation in nonwovens manufacturing, industry majors and small-and-medium-sized business owners alike are pursuing greater use of industry 4.0 tech, noted the Europe-China Eco Cities Link Project, a project backed by the European Union (EU) and the Chinese government [1].…

The Germany-based Saxon Textile Research Institute (STFI – Sächsische Textilforschungsinstitut) (1) has been working hard on developing textile grippers as tools that replace the human hand as the industry increasingly adopts automation. (2) STFI analysis sent to Textile 4.0 stressed the need for a wide variety of grippers given the large variety of fabric workpieces in clothing and textile manufacture.…

The exchange of intelligence is a key element of AML/CFT, with FATF’s recommendations 36 to 40 focusing on international cooperation. The Egmont Group of FIUs also continues to hone how it securely delivers exchanges of sensitive AML/CFT information between its 167 members.…

Professional money launderers are exceedingly hard to catch, and – if convicted – are invariably replaced by other pros waiting in the wings. What more can be done to go after professional launderers?

Going by the estimates of the global scale of money laundering, and the low seizure rates – by some accounts 1%, by others (such as New Zealand AML specialist Ron Pol) less than 0.1% – efforts to curb the amounts of dirty money sloshing around the financial system are proving ineffective.…

Pakistan’s clothing and textile industry fears that the value of its exports may tumble at least 30%, after the recent floods wiped out much of the country’s usually plentiful cotton crop. To keep running, the sector is looking for strategies to buy cheaper cotton abroad and is asking for government aid to finance this task.…

India’s nascent wine market is dominated by domestic brands trying to overcome low awareness about wine among Indian consumers, while dealing with high taxation and cumbersome trading regulations. However, these wine companies are confident of achieving high sales growth in the short and medium term, with market projections looking healthy, even if they vary widely.…