Search Results for: united nations

WHILE Jordan usually has a reputation for reliability, security and stability, the truth is that the Hashemite Kingdom is behind the compliance curve as regards anti-money laundering (AML) and combating the financing of terrorism (CFT) compared to many of its Middle Eastern peers.…

THE DIAMOND trade is still one of money launderers’ best friends due the precious stone’s high value to mass ratio, akin to the highest value banknotes that can be obtained. Indeed, it is maybe harder to trace diamonds than numbered banknotes, there is no reliable means by which the point of origin of a particular diamond can be ascertained just by examining it.…

AS the international glass market continues to recover from the global recession, experts predict emerging markets might be tempted to invest in plant development to manufacture their own flat glass rather than paying expensive import fees buying from one of the handful of major suppliers.…

Continued uncertainty over the legal and fiscal regulations governing Myanmar’s metal ore mining industry is deterring substantial foreign investment from medium-and-large western mining companies, although industry insiders remain positive about the sector’s medium and longer-term potential.

Since Myanmar’s previous military-supported government amended the country’s 1994 mining law in December 2015, in an attempt to modernise the sector’s rules and kickstart the industry, the National League for Democracy government (which took power last April) has been slow to address concerns raised by potential investors.…

SWEDISH public institutions have been buying substantial and growing amounts of Sweden-made meat between 2012 to 2016 and this trend is projected to continue, a survey has said.

The share of Sweden-produced product of meat bought by Swedish local authorities for schools and other services increased to 42.6% to Swedish Krona SEK3.4 billion (USD379 million) in 2016 from 33.2% in 2012, the Federation of Swedish Farmers (Lantbrukarnas Riksförbund – LRF) agribusiness developer Pirjo Gustafsson told GlobalMeatNews, quoting from a latest LRF survey.…

AMERICA may have scrapped its major sanctions against emerging outsourcing centre Myanmar, and brought back the southeast Asian country’s GSP (Generalised System of Preferences) access to USA markets, but the impact on the clothing trade has so far been underwhelming.

Apparel factory owners in Myanmar say American buyers have simply not materialised in the numbers that some expected.…

South Korea’s Lotte is to create a new united investment wing, under a major restructuring of the Lotte group. This separate division will assume control of the investment business of Lotte Food Co, Lotte Shopping Co, Lotte Chilsung Beverage Co and Lotte Confectionery Co – although it will formally be owned by Lotte’s confectionery wing.…

THE EUROPEAN Chamber of Commerce in Vietnam (EuroCham) is predicting that trade in clothing and textile products between Vietnam and the European Union (EU) will grow significantly once the free trade agreement struck between the two jurisdictions comes into force next year (2018).…

Cambodia’s garment industry is in a curious situation, with statistics indicating that export earnings from this key Asian fabric and yarn buyer are on the rise, despite evidence that overseas sales should actually be falling. According to one industry insider, this makes it difficult to project how the Cambodian clothing sector will perform in 2017 and hence how much it will spend on supplies.…

Europe’s auto suppliers are pushing the European Union (EU) work harder to secure a free trade deal with the Mercosur bloc to end tariff barriers restricting the current EU exports of vehicles and parts to its South American member countries.

At present this trade with the four founding members of Mercosur – Argentina, Brazil, Paraguay, and Uruguay – is worth a mere USD8 billion.…