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The steel industry has again told European Union (EU) officials is opposes giving ‘market economy status’ (MES) to China, arguing this would weaken EU anti-dumping measures. Industry representatives raised their concerns at yesterday’s (April 5) public hearing at the EU European Economic and Social Committee, in Brussels.…

Turkish denim firms have roared onto the global market in recent years, impressing consumers, terrifying the competition.

These companies are aided by Turkey’s high quality cotton – particularly that produced in the country’s Aegean region on the west coast. Aegean premium cotton is renowned for its ability to retain paint and for its softness and absorbency, all without genetic modification.…

THE EUROPEAN Commission is taking Greece to the European Court of Justice (ECJ) after the Greek government refused to comply with an order from Brussels that it recover EUR37 million’s worth of illegal subsidies and tax breaks from Athens-based manufacturer United Textiles.…

A group of non-governmental organisations (NGOs) is calling on the Organisation for Economic Cooperation & Development (OECD) to draw up global standards for deferred prosecution agreements (DPAs) based on best practice. Corruption Watch UK, Global Witness, Transparency International and the United Nations Convention against Corruption Coalition warn in a letter to OECD secretary general Angel Gurría that their current use to resolve 69% of foreign bribery cases may not offer the “effective, proportionate and dissuasive” sanctions the Convention requires.…

ITALY’S textile, finishing and clothing sectors have been given detailed guidance on reducing the toxicity of its manufacturing processes, with advice being released by the Camera Nazionale della Moda Italiana (the National Chamber for Italian Fashion), following wide industry consultation.…

MEXICO and central America are often regarding as manufacturing centres for the USA, the world’s largest personal care product country. And while it remains true that brands take advantage of lower costs in these countries to make competitive exports, Mexico (population 122 million) and the seven countries of central America (Belize, Costa Rica, El Salvador, Nicaragua, Guatemala, Honduras and Panama – population 45 million) are significant markets in their own right.…

With the desire for packaging beauty being an integral part of north-east Asian consumer culture, it is perhaps no surprise that Japanese and South Korean cosmetics companies have led the way with compacts – whose popularity is spreading worldwide.

The ultimate combination of utility and design, when Japanese cosmetics companies start developing a new compact product, its packaging needs to meet two basic requirements: it has to delight the user with the way it looks, and it must be easy and convenient to use.…

THE COMMITTEE of European Sugar Users (CIUS) has called on the European Union (EU) to take urgent action to prevent EU confectionery and sweet bakery manufacturers facing a sugar supply crunch this summer. In a strongly worded message, the industry group has said that duties and levies should not be imposed on supplies of beet and cane sugar and the EU’s cane sugar ‘CXL’ duty should be scrapped immediately.…

ACCOUNTANTS are starting to tangle with the knotty question of whether to support Britain remaining in or quitting the European Union (EU) after the scheduled in-out referendum on June 23. While many UK captains of industry and business have publicly called for Britain to stay in, citing the advantages of freely accessing the EU’s 503 million person market and its trained labour pool, the question for accountants is not that simple.…

CAPITAL markets and their traders within Malaysia may be forced to forge defences against cyber-crime amidst growing concern that hackers could damage the country’s financial services. The Securities Commission Malaysia (SC) is seeking comments from accountants and other financial specialists about planned regulations saying capital market participants should have cyber-security programmes and policies, including contingency plans for dealing with associated risks.…