Search Results for: World Trade Organisation

Honda announced this morning (March 16) that it would be investing CAD1.4 billion (USD1.09 billion) into retooling its plants in Alliston, north of Toronto, so they can make hybrid vehicles and engines.

“This represents an important milestone for Honda as we move forward in our ambitious vision to make battery electric vehicles represent 100% of our North America vehicle sales by 2040,” said Jean Marc Leclerc, president and CEO of Honda Canada Inc.…

Mumbai-based home textiles manufacturer and exporter Welspun India is upgrading and diversifying the use of an innovative technology system – ‘Wel-Trak’ – which tracks cotton through various stages of manufacturing. Patented in 2017, this digital solution provides complete traceability of the raw material’s processing and manufacturing history, from its country of ginning to, weaving and manufacturing, including shipping details.…

United Arab Emirates (UAE)-based halal fast-food chain Chicking is planning to expand its geographic footprint with up to 30 new outlets across Canada by 2023.

The company opened its first ChickQueen branch in the multi-cultural city of Mississauga, Ontario, in May 2021, as part of a plan to expand to all major Canadian cities, AK Mansoor, founder and chairman of Chicking, told Salaam Gateway.…

Cigar sellers are exploring the potential offered by southern Africa’s two Portuguese-speaking countries, Angola and Mozambique, not only as sustainable growth markets, but also as African cigar production centres. Both countries have tobacco production and growing traditions that date back well into the Portuguese colonial times that ended with independence in 1975.…

Many Muslim countries, their governments and businesses, have adopted an uneasy neutrality towards Russia, as it continues its invasion of Ukraine.

Malaysia is a case in point – its close relations with European, north American and Asian countries (such as Japan and South Korea) means it will not want to breach their sanctions on Russia.…

The Australian food export sector is targeting Malaysia’s rapidly growing certified halal food market. A new memorandum of understanding (MoU) signed by the Australian Trade and Investment Commission (Austrade) and Malaysia’s Halal Development Corporation in February should benefit Australian exporters. Both organisations have agreed to share information and collaborate actively in developing commercial partnerships between Malaysian and Australian companies.…

The invasion of Ukraine by Russia risks undermining AML/CFT, said FATF in its post-plenary communiqué issued in March. (1) But how this unprovoked military action will disrupt the policing and detection of dirty money remains to be seen, noted Carol Van Cleef, chair of the blockchain and digital assets practice, at Bradley Arant Boult Cummings, Washington DC.…

To go after the money launderers, should law enforcement efforts be more oriented towards intervention in laundering networks to disrupt the movement and hiding of dirty money? Many AML specialists say yes – absolutely.

There is so much money to target.…

Turkey’s clothing manufacturing sector, the world’s fifth largest garment exporter, after China, the European Union, Vietnam and Bangladesh has (1) rebounded from the Covid-19 pandemic and has set its sights on overtaking its rivals. The industry has been investing in new machinery and capitalising on the trend for near-shoring.…

The Vietnamese apparel sector is a great success story, but to maintain its strong position, the country will have to build backward linkages, while mitigating some deep-rooted cost and labour challenges. Data from the World Trade Organisation (WTO) shows that from the 1990s, the country’s garment industry has risen from a low base to overtaking Bangladesh’s exports’ sales in 2020, with USD29 billion overseas sales revenues, ranking second worldwide.…