Search Results for: japan

AFTER culling more than 500,000 chickens in late November and early December 2016 due to a bird flu outbreak, poultry farmers in Japan have been encouraged by Japanese consumers’ loyalty to a long-held Christmas tradition: eating fried chicken. Data released by Kentucky Fried Chicken (KFC), which has strong market share in Japan, has shown that sales continued to rise this past festive season, with the firm achieving 7.9% sales growth over December 23–25 year-on-year, with sales of Japanese Yen JPY5.92 billion (USD51.4 million).…

THE US Fashion Industry Association (USFIA) has called on the new American administration of President Donald Trump to work hard to negotiate new bilateral trade deals with Asian markets now he has formally pulled his country from the Trans-Pacific Partnership (TPP) trade deal.…

As US President Donald Trump has been wasting no time carrying out his campaign pledges to undo long-standing American trade ties, the Asian apparel industry and the US retailers it supplies have ample reasons to be on edge.

Signs are particularly worrisome for apparel players sourcing from Vietnam, a member of the Trans-Pacific Partnership (TPP), the unratified 12-nation deal that will now not include the USA after Trump extracted America from its commitments via a January 23 presidential memorandum.…

ELECTRONICS and gadgets such as smart watches may have reached their technological and popularity limits, but smart textiles – materials, for example anti-bacterial, that react to environmental or physical stimuli – are here to stay, industry experts argue.

Speakers at this year’s FUTEX – the 7^th Innovative Textile European Convention on ‘interactive textiles for health, sport and the home’ emphasised the bright future for ‘wearable’ technology.…

UNITED States (US) President Donald Trump’s decision on January 26 to sign an executive order to withdraw from the Trans-Pacific Partnership (TPP) should provide opportunities for European Union (EU) dairy exporters, according to European dairy experts.

“From an EU dairy perspective, we would hope that the European Commission will continue to make an effort in our European trade negotiations, especially with Japan,” Alexander Anton, secretary general of the European Dairy Association, told Food & Drink Technology News.…

EUROPEAN Union (EU) food exporters will in 2017 be offered an increased amount of money by the European Commission to better promote their products, especially in non-EU markets. The Commission has said that EUR133 million will be available this year to co-finance at 70%-85% such marketing campaigns, compared to EUR111 million in 2016.…

The January 23 presidential memorandum from President Donald Trump, puling the USA from participation in the Trans-Pacific Partnership (TPP) trade deal has disappointed the American cosmetics and personal care products sector. This is not only because of the tariff barriers it would have eliminated but also because the TPP would have pushed regulatory controls in all TPP countries in the same direction.…

SHIPPING container manufacturers in China have been struggling to deal with the country’s new string of environmental regulations aiming to reduce volatile organic compounds (VOC) emissions – effectively forcing them to switch from solvent-based to water-based paints.

The changeover, proposed by the China Container Industry Association and endorsed by the government is occurring in two stages, with container factories located in southern China required to only use water-based products for all containers, other than certain specialised containers, since July 1, 2016; this to be followed by factories in the rest of China from April 1 this year.…

CHINA’S central bank, the People’s Bank of China (PBC), has issued a new anti-money laundering and terror finance reporting requirements for all financial institutions inside the country. The rules come into force July 1. They cover banks, brokers, foreign exchange, online and mobile payment systems and insurance companies, who will have to file reports to the central bank, via their headquarters or via representative institutions, if a client requires daily cash transactions exceeding Chinese Yuan Renminbi CNY50,000 (USD7,261) or a larger amount of USD10,000’s worth in foreign currency.…

THE HONG Kong and Pakistan government have signed a comprehensive agreement on avoiding double taxation. Pakistani tax paid by Hong Kong companies will be credited against Hong Kong taxes on the same profits, with the reverse applying for Pakistan companies. Pakistan’s withholding tax rates for Hong Kong residents on royalties and fees for technical services (both currently 15%) will be capped at 10% and 12.5% respectively.…