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UNDER the current Chinese presidency, global anti-money laundering body FATF has had strong support for its desire to boost the implementation of the AML/CFT policies and laws included in its recommendations. Money Laundering Bulletin interviewed FATF’s executive secretary David Lewis to explore how his organisation and been pushing improvements to supervision of AML/CFT to ensure its expert advice delivers on stemming dirty and terror money flows.…

SALES of Indian apparel exports continue to be sluggish even after registering a 11% growth in July compared to June this year, after three months of continuous decline. According to a monthly newsletter issued by the Clothing Manufacturers Association of India on October 5, India exported USD1.36 billion’s worth of apparel in July, which was also 7% more than July 2018.…

Nicaragua, a leading apparel producer in Central America, has been suffering a decline in revenue on exports to the European Union (EU) this year, expect for one category that is bucking the trend: T-shirts.
According to the EU statistical office Eurostat, total revenue from the country’s apparel and footwear exports to the region dropped 6.8% to EUR178.2 million in the first half of 2019 from EUR191.2 million in the same period in 2018.…

Japan’s sluggish paint and coatings industry is showing little indication of a dramatic up-tick in its fortunes, despite domestic giants looking to innovative new products and acquiring some major players in overseas markets to drive future growth.

And with a worsening trade war between China and the United States threatening to tip the global economy into recession, on top of a deepening bilateral dispute with South Korea, a major market for Japanese paint, analysts suggest the next few years may be challenging for the sector. …

THE PHILIPPINES and Thailand cigarette industries are still fighting a long trade dispute that has seen litigation rumble through the World Trade Organisation (WTO) since 2008. That year, the Philippines government lodged a series of complaints with the WTO’s disputes settlement body (DSB) that the Thai Customs Department had imposed unjust restrictions on imports of cigarettes from the Philippines.…

While the USA-China trade war currently dominates headlines, nonwovens analysts predict it will be a “relatively short-term” issue and not harm north America’s growing nonwovens market in the longer term.

With smart applications and sustainability driving the sector worldwide, the north American nonwovens market looks set to capitalise on these growth areas, aiding recovery from a past 10 years marred by economic weakness and volatile crude oil prices.…

THE UNITED States government has started funding projects designed to create a commercial-scale hydrogen energy sector, with the federal department of energy announcing USD40 million in spending designed to lower production costs. These 29 grants will be made during the 2019/20 financial year, promoting affordable and reliable large-scale hydrogen generation, transport, storage, and utilisation across multiple sectors.…

THE APPOINTMENT of a Chief Trade Enforcement Officer should ease trade problems in the steel and aluminium sector and help tackle Chinese excess capacity, industry experts have told a meeting of the European Parliament Committee on International Trade (INTA) on September 25 in Brussels.…

India’s new mandatory requirements for corporate social responsibility (CSR) programmes is forcing country’s garment exporters to refocus on their community development schemes and make special provisions to record all the spending.

A Companies (Amendment) Act 2019, adopted by the Indian parliament in July, mandates three-year imprisonment for the officers of the company found to be defaulting on CSR regulations.…

Described by environmental campaigners as “the elephant in the COP21 negotiations room” when climate change proposals were agreed in Paris during 2015, today – the electrification of shipping is moving ahead apace.

From inland ferries to cargo barges and cruise ships, vessels are being built or retrofitted with renewable power propulsion sources, curbing the shipping industry’s major emissions.…