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Metal traders will be examining new trade talks between the European Union (EU) and Indonesia, with negotiators targeting non-tariff red tape that has been hindering Indonesian exports to Europe of its key tin reserves.

The talks, announced last month (July) will begin later this year and Indonesian non-ferrous metal exporters could benefit from the abolition of tariffs and other trade barriers.…

The Philippines has been standing accused of passively aiding money launderers and terrorist financers ever since its Anti-Money Laundering Act in 2001 exempted local casinos from the duty of submitting suspicious transaction reports on their operations.. But pressures to revise that decision have been growing markedly since earlier this year Chinese cyber hackers managed to launder USD81 million through banks and casinos in Manila, with only approximately USD6 million of the booty recovered so far.…

OVER the last decade, Colombia has taken significant strides towards establishing a robust anti-money laundering system to detect the billions of dollars of criminal profits that flood its financial system. But one result has been the migration of money laundering networks away from hiding the origins of bank deposits and cash to trade-based money laundering.…

India will start manufacturing fuel components and other equipment for its Russian-designed nuclear reactors within the next 10 years, Indian authorities have told Fuel Cycle Week. “There will be certain range of equipment that could be made much earlier, but others like pressure vessels for a large steam generator could take that period of time [10 years],” Malur Ramaswamy Srinivasan, member of India’s Atomic Energy Commission told Fuel Cycle Week.…

MEXICAN and European Union (EU) officials are negotiating to strike a deal on organic meat standards that will avoid a halt in EU exports of organic meat to Mexico. The talks come as the EU and Mexico are trying to forge a general agreement on trading organic food products.…

THE PERSONAL care product sectors of the European Union (EU) and Japan have welcomed the agreement in principle of an Economic Partnership Agreement (EPA) between the two jurisdictions, saying it will promote and ease trade.

Dubbed by the European Commission as “the most important bilateral trade agreement ever concluded by the EU”, the deal will fully eliminate mutual duties on all cosmetic products, an industrial sector the Commission notes as “very competitive”.…

Vigorous expansion of export-oriented manufacturing and construction in 2015 spurred the fastest GDP growth in Vietnam in seven years, at 6.7% year-on-year, according to the Asian Development Bank. And although coatings consumption correlates generally well with economic growth, in Vietnam the 2015 year-on-year coatings production increase outpaced general economic expansion – it rose 11.1% year-on -year in 2015, to Vietnamese dong VND13 trillion (USD587 million), according to market researcher Euromonitor International.…

WHILE Pakistan prepares to implement some new reforms to corporate governance rules, a leading female business executive hopes this latest round of reform will lead to greater participation of women on corporate boards as directors.

Economist and business executive Sadia Khan has earned recognition as Pakistan’s leading advocate of improved corporate governance for her work over the past two decades in both the public and private sectors.…

Libyan leader Muammar Gaddafi was killed and his regime overthrown in 2011. Billions of dollars in assets and funds stashed away over the years have disappeared. The hunt is still on but with Libya in chaos, there is no effective state to push the investigation and repatriate the cash, while commercial crime in this north African country has reached unprecedented levels.…

Accountants share responsibility with banks to direct their small-and-medium-sized enterprise (SME) clients towards sources of finance, a Brussels conference has been told. Rebecca McNeil, head of SME lending at Barclays, said at a July 13 Brussels conference on ‘Capital Markets Union: delivering new opportunities for SMEs through venture capital’, declared: “We all have the duty of care, banks, accountants … to signpost SMEs to sources of finance.” …