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The Chinese textile industry’s overseas investment has been on an upward trajectory since the Covid-19 pandemic, with a focus on countries involved in China’s Belt and Road Initiative, particularly in southeast Asia, but also further afield; the Chinese textile company Shanghai Jingqingrong Garment, for example, in January announced it will open its first production plant outside China in Catalonia, Spain (1).…

As Russia continues its invasion of Ukraine, the European Parliament has approved extending temporary trade access to the European Union (EU) for Ukraine food and drink exports. However, conscious of EU concerns about competition from these supplies, a new regulation allows the EU executive European Commission to impose controls when Ukraine exports disrupt markets of one or more EU member states.…

The fashion and textile industry is undergoing a major evolution, moving in just a few years from no legal framework to myriad sustainability regulations worldwide. And if clothing manufacturers want to meet legislative demands, the ability to trace all stages of their value chain is key.…

Vietnam’s ministry of industry and trade (MOIT) has released a draft amendment to the country’s Law on Chemicals. The draft amendment stipulates that all chemicals, including paint and coating ingredients, must be declared when imported through Vietnam’s National Single Window Information Portal.…

Bio-based oils and fats producers have an increasing business opportunity to supply feedstock to a booming bioplastics industry. While governments are proactively encouraging biodegradable bioplastics, following the United Nations’ Sustainable Development Goals’ (SDGs) policy of reducing standard plastics pollution (1), this green industry is still nascent.…

The government of Ukraine, struggling against a Russian offensive near its second city Kharkiv, has joined the European Union’s (EU) Union Anti-Fraud Programme (UAFP), as it seeks to shore up EU support through anti-graft and financial crime efforts. Indeed, Ukraine is the first non-EU country to formalise participation in the European Commission-run scheme, which has a budget of EUR181 million and will run until 2027 (from 2021) (1).…

The European Union’s (EU) new Anti-Money Laundering Authority (AMLA) is being hailed as a ‘game changer’ in the battle against dirty money by Europe’s lawmakers, even before it officially starts work at its Frankfurt base on July 1, 2025. But it will be a long road to get to full cruising speed, as planned for 2028, when AMLA is projected to directly supervise Europe’s 40 most ML-risky banks and other financial institutions that operate in six or more EU countries.…

The global metal packaging industry is assessing the potential impact on aluminium supplies of US, European Union (EU) and British sanctions against imports of Russian aluminium, which continue to be tightened as Moscow intensifies its invasion of Ukraine.

These sanctions are more serious for Russia and its metal producers than they look, writes Russian economist Yevgeny Kogan on his Telegram channel.…

The International Federation of Accountants (IFAC) has unveiled proposed changes to its International Education Standards (IES) to embed sustainability analysis, reporting and assurance within professional accountants’ training. Key proposals include working with experts and in multi-disciplinary teams; introducing key sustainability reporting concepts, such as systems thinking, value chains and scenario analysis; and referencing relevant sustainability reporting and assurance standards.…