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CUBAN CIGAR SECTOR FACES POTENTIAL EXPORT BOOM TO THE USA, BUT SCALING-UP PRODUCTION MAY BE TOUGH
The gradual opening up of trade relations between Cuba and the United States has sparked a raft of bold predictions about how Cuban cigars are poised to sweep into the US premium cigar market. However, Cuban producers will have to navigate several serious obstacles if they are to lay claim to a significant market share, not the least the potential rolling back of détente by the Trump administration in Washington DC – at present a question being asked by many cigar traders.…
SUDAN AND SOUTH SUDAN RENEW OIL AGREEMENT – BUT EXPERTS DOUBT SOUTH SUDANESE OIL EXPORTS WILL RISE IN 2017
Sudan and South Sudan have agreed to extend an oil deal originally negotiated in 2012, which will enable landlocked and troubled South Sudan to continue utilising a Sudanese pipeline to export its crude. “We have agreed to extend it for another three years,” Sudan’s petroleum and gas minister Mohamed Zayed Awad told local news agencies after signing the deal.…
SYRIA SANCTIONS KEEP GROWING IN INTENSITY AND SCALE, BUT ASSAD CLINGS TO POWER NONETHELESS
The Syria conflict is into its sixth year, as are the multilateral sanctions imposed on the government in Damascus. How effective have the sanctions been, given the Syrian regime’s survival? And where may have funds from members of the regime, and those linked to it, gone?…
UAE PAINT SECTOR STILL ROBUST – BUT LOW OIL PRICES LEAVES IT RELYING MORE ON MAINTENANCE THAN NEW BUILDS
THE UNITED Arab Emirates (UAE) has managed to ride out the economic and political instability that has afflicted much of the Middle East since the onset of the Arab Spring, but low oil prices have impacted the paint sector, with fewer mega developments and infrastructure projects in the pipeline than several years ago.…
EXPERTS URGE MORE GULF STATE ACTION TO CURB TERRORIST FINANCING
Arab Gulf governments are repeatedly accused of aiding terrorist financing on and, more often, off the record. Calls to get tough on these states have been sidelined by political and economic expediency, while Gulf moves to curb terrorist financing have been lacklustre and there may be risks ahead, reports Paul Cochrane, in Beirut.…
MEAT INDUSTRY WELCOMES THE US DECISION TO LIFT EMBARGO ON FRENCH BEEF
THE UNITED States authorities have lifted an embargo on French beef imports after 19 years, the French agriculture ministry has said, and European meat producers are delighted.
France is the fourth European Union (EU) country, after Lithuania, Ireland and the Netherlands, to have its beef re-admitted to the US market after a January 1998 ban imposed because of fears over bovine spongiform encephalopathy (BSE), also known as mad cow disease.…
US GOVERNMENT DETAILS CLAIMS ON HOW CHINA SUBSIDISES ALUMINIUM SECTOR AND BREAKS WTO RULES
The United States has released details of its case against China at the World Trade Organisation (WTO) where it is alleging the country is subsidising its aluminium sector so heavily, this breaks the WTO agreement on subsidies and countervailing measures.
Washington has requested formal consultations with Beijing over the issue, and if these do not deliver a resolution (as is likely), then a WTO disputes panel will rule on this highly contentious and political issue.…
NORTH AMERICAN MEAT INSTITUTE WANTS NEW BILATERAL TRADE DEALS NOW TRUMP HAS AXED TPP
THE NORTH American Meat Institute has called on the new US administration of President Donald Trump to work hard to negotiate new bilateral trade deal with Asian markets now he has formally pulled American out of the Trans-Pacific Partnership (TPP) trade deal.…
INTERNATIONAL REGULATORY ROUND UP – KNITWEAR RETAILERS CALL FOR REPLACEMENT TRADE DEALS AS TRUMP DUMPS TPP
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.…
TRUMPIAN TRADE REVOLUTION SPELLING TROUBLE FOR APPAREL SOURCING IN ASIA
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.…