Search Results for: united nations
10 results out of 4207 results found for 'united nations'.
PAKISTAN APPAREL INDUSTRY IN DEEP CRISIS DUE TO RISING INPUT COSTS AND GLOBAL RECESSION
In the wake of devastating floods in three of Pakistan’s provinces – Sindh, Punjab and Balochistan – the country’s textile and garment industries are facing multiple challenges compounding the destruction of cotton crop at a large-scale.
The country’s textile and apparel industries fear a major dent in export volumes, with competitiveness harmed by them having to import raw materials as a result.…
AML PERFORMANCE METRICS REMAIN WEAK – UNABLE TO MEASURE PERFORMANCE
How effective is the ongoing fight against money launderers and terrorist financers? AML experts are arguing that despite FATF’s increasing focus on effectiveness in mutual evaluation reports and its extensive data on jurisdictional compliance with its recommendations, more statistical indicators would be valuable.…
CHANGING REGULATORY PRESSURES FORCE OBLIGED ENTITIES TO HONE THE MANAGEMENT OF AML TEAMS
While FATF assessments focus on the policy and regulatory response of governments, law enforcement and AML agencies in fighting dirty money, the fact remains that these efforts are undertaken by teams – and how these groups’ staff members work together and are managed underscores their effectiveness.…
TOBACCO – HALAL OR HARAM? THE RELIGIOUS CHALLENGE OF SELLING INTO MUSLIM MARKETS
The tobacco industry is a global sector, with supply chains spanning the world. Muslim consumers – and there are 1.97 billion if them – are an important part of any tobacco major’s market portfolio, not to mention local Muslim companies. But a key challenge for tobacco companies targeting Muslim smokers, vapers and other consumers is religion – some Muslim scholars say tobacco is haram, and not in keeping with Islamic guidance, because of mental and physical impact on smokers.…
SRI LANKA CLOTHING SECTOR WEATHERS RECENT POLITICAL AND ECONOMIC STORMS – TARGETS SUSTAINABLE GROWTH
The UN Human Rights Council passed a resolution on Sri Lanka on Thursday October 6 calling for accountability, human rights and reconciliation in this important clothing manufacturing outsourcing centre that has suffered from intense political and economic turmoil. There is growing international pressure on the new Sri Lanka government of President Ranil Wickremesinghe to promote calm (1) as the country grapples with financial shortages, logistical disruption and political legitimacy problems, worsened by widespread government corruption.…
NICARAGUA LIKELY TO FACE NEW ECONOMICAL SANCTIONS AMID POLITICAL AND SOCIAL INSTABILITY
The political and human rights crisis in Nicaragua is worrying the international textile industry, given the serious chance the United States suspend the privileged access to American markets that Nicaraguan clothing and textile exporters have thus far enjoyed.
Just two months before the upcoming Nicaraguan municipal elections (November 6), more than 195 human rights defenders, journalists, clergy members, and actual or perceived political opponents have been accused and detained for allegedly committing actions against national sovereignty.…
HONDURAS STRENGTHENS POSITION AS US NEAR-SOURCING PARTNER, EVEN AS RECESSION CLOUDS LOOM
Honduras is strengthening its position as an outsourcing partner for the US clothing industry, with the central American country generating the second highest receipts from sales of textiles and finished garments under free trade agreements to the United States, just behind Mexico.…
ENFORCEMENT OF FOREIGN BRIBERY BANS SINKS, SAYS TI
Enforcement action to tackle foreign bribery in compliance with the OECD Anti-Bribery Convention (1) declined from 2018 to 2021, according to Transparency International (TI), after reviewing 47 leading export economies. These were 43 convention signatories plus China, India, Hong Kong and Singapore.…
EU SECTOR WANTS GLOBAL SUSTAINABLE RULES AND STANDARDS TO STAY COMPETITIVE
The European Union’s garment and textile industry pushed this Thursday, October 13, in Oporto, Portugal, for global rules to fight climate change to ensure fair competitiveness, with more international harmonisation of sustainable standards.
These wishes were expressed in the conference ‘Sustainability meets Competitiveness – how to square the circle?’,…
IRAN’S ROCKY BUT REWARDING COSMETICS MARKET
In recent years, Iranians have been driving growth in the Middle East’s cosmetics market, but worsening economic and political developments in Iran have restricted this growth. That has not deterred some personal care product companies, however, who continue to prosper in the country, whose market of 84 million people has significant potential.…