Search Results for: united nations
10 results out of 4207 results found for 'united nations'.
CHINA TOBACCO EXPORTERS HIT BY USA TARIFF INCREASE THAT LOOK LIKELY TO STAY IN PLACE
CHINESE tobacco exporters are facing stiff additional duties of 25% imposed by the US government on a wide range of tobacco products imported into the USA, as the two countries’ trade war worsens.
Washington has increased previous 10% additional duties on manufactured lines, leaf and tobacco waste from China to 25% from May 10, citing a lack of progress on ongoing trade talks.…
MONEY SERVICE BUSINESSES IN EMERGING MARKETS FACE TOUGHER COMPLIANCE AND DERISKING DEMANDS
MONEY service businesses (MSBs) are having a tougher time operating in compliance with international AMF/CFT rules, especially those in emerging market countries, where they have to deal with a double challenge of tighter controls and derisking by banking partners.
MSBs throughout the Middle East, for instance, have been hit by derisking from correspondent banks as well as designations by the US Department of the Treasury’s Office of Foreign Assets Control (OFAC).…
INDIAN CLOTHING AND TEXTILE TAX BREAKS SHOULD BOOST GLOBAL COMPETITIVENESS, SAY INDUSTRY LEADERS
THE INDIAN clothing and textile industry thinks it is better able to score export orders internationally since March when the central government announced new tax benefits for the country’s garment exporters. Rahul Mehta, president of Clothing Manufacturing Association of India, told just-style, that the combined reduction in costs delivered by a refund of the central and state taxes, new benefits under the Merchandise Exports from India Scheme (MEIS), and renewed 2% duty drawbacks, is 9% to 10%, and that “makes us more competitive”.…
GLOBAL AML/CFT REGIME’S EFFECTIVENESS IN DOUBT AS ITS 30TH BIRTHDAY APPROACHES
This July is the 30th anniversary of the Financial Action Task Force (FATF), which developed its 40 recommendations on anti-money laundering (AML) and nine special recommendations on combating the financing of terrorism (CFT) – but the jury is still out on whether the AML/CFT system it has created is really working.…
VIETNAM SEEKS TO BOOST FABRIC PRODUCTION SO GARMENT-MAKERS CAN PROSPER FROM CPTPP DEAL
The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) took effect in December 2018, incrementally bringing down import tariffs for Vietnamese garments in a market with 495 million consumers across 11 countries.
But Vietnamese garment-makers are struggling to reduce costs to deliver pricing that is competitive enough to make the most of CPTPP.…
BANGLADESH LEATHER INDUSTRY NEEDS MORE HEALTH AND SAFETY ATTENTION SAY EXPERTS
WITH decent working conditions eluding Bangladesh’s booming leather industry, an advocacy group has suggested forming a tripartite body involving the government, manufacturers and unions to help improve the sector’s health and environmental safety standards. Modelled after the efforts that have been made in the country’s textile and fabric-based garment industry, such a tri-party consultation committee would discuss the development of a leather sector whose safety and environmental records remain patchy, except for export-oriented units.…
AS THE US-CHINA TRADE WAR DRAGS ON, BRANDS AND RETAILERS CAN TURN UNCERTAINTY INTO OPPORTUNITY
Trade negotiators from the United States and China will meet for the second week in a row this Wednesday or Thursday, in what the American clothing sector hopes could be the final round of talks to resolve the trade war.
US Treasury Secretary Steve Mnuchin told Fox Business last week they hope to get to “the point where we can either recommend to the president we have a deal, or make a recommendation that we don’t,” emphasising the United States wants to “rebalance” the trade relationship.…
USA UPDATES ITS NATIONAL POULTRY IMPROVEMENT PLAN
THE US Department of Agriculture’s (USDA) Animal & Plant Health Inspection Service (APHIS) is set to release proposed reforms to the country’s National Poultry Improvement Plan (NPIP), a decades-old cooperative federal-state-industry mechanism for controlling poultry disease threats.
APHIS said the revisions were discussed at the NPIP biennial conference held last June (2018) and will incorporate the latest science, technology and best practices in the sector.…
USA UPDATES ITS NATIONAL POULTRY IMPROVEMENT PLAN
THE US Department of Agriculture’s (USDA) Animal & Plant Health Inspection Service (APHIS) is set to release proposed reforms to the country’s National Poultry Improvement Plan (NPIP), a decades-old cooperative federal-state-industry mechanism for controlling poultry disease threats.
APHIS said the revisions were discussed at the NPIP biennial conference held last June (2018) and will incorporate the latest science, technology and best practices in the sector.…
MEAT HAZARD ALERTS ROSE FAST WORLDWIDE IN 2018 SAYS REPORT MONITOR
FOOD hazard reports relating to meat and meat products have been rising fast worldwide, according to data released by HorizonScan, a global food safety database which gathers food safety and inspection alerts from more than 115 sources in more than 70 countries.…