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TPP REGULATIONS COULD HINDER ACCESS TO MEDICINE FOR EVOLVING ECONOMIES



INTELLECTUAL property regulations proposed during the ongoing Trans-Pacific Partnership (TPP) negotiations could hinder access to medicine in developing countries, a law professor at the University of Sydney, Australia, who specialises in trade agreements and intellectual property (IP) issues has told Manufacturing Chemist.…

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BANGLADESH KNITWEAR INDUSTRY INNOVATES WITH ‘FAKE’ HEAVY KNITS



A MAJOR Bangladesh knitwear company has launched an innovation that may inspire a new segment in this key outsourcing industry – ‘fake’ heavy knitwear.

DBL Group, based north of Dhaka, has developed this fabric for jerseys made from cotton or a blend of cotton and synthetic fibres. …

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STAGNATION IN AIR FREIGHT INDICATES WEAKNESS IN WORLD ECONOMY, SAYS OECD



STAGNATION in international air freight traffic is not good news for the world economy, according to a new report from the Organisation for Economic Cooperation & Development’s (OECD) International Transport Forum.

This ‘ITF Transport Outlook 2015’ noted that air freight tonnes transported to and from the EU and the United States declined strongly after the shock of 2008, then rebounded quickly reaching pre-crisis peak by early 2010.…

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REGULATORY ROUND UP - EU MINISTERS AND MEPS STRIKE DEAL ON REFORMS TO FIGHT CUSTOMS FRAUD



EUROPEAN Union (EU) governments and MEPs have struck a deal over creating two EU databases containing information on the trade in goods into and out of the EU, to help fight customs fraud. These would be run by the European Commission: one would be a central database for import and export data; and the other, a centralised repository for transit-related data.…

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ITALY’S BPC MARKET RESILIENT DESPITE CONSUMER SPENDING CRUNCH



The days of Italian consumer spending extra Euro on a high performing hydrating face cream or premium fragrance may be on hold as the majority of Italian consumers are currently seeking better value for money in their beauty and personal care (BPC) purchases.…

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FEARS GROW OVER IMPACT OF EU DAIRY QUOTA ABOLITION



SERIOUS concerns were raised today at the European Parliament over the impending abolition of European Union (EU) milk production quotas, as dairy prices continue to fall. A special hearing on the future of the industry heard (on Tuesday January 27) how the sector had been taken by surprise in the past year by production increases and export market losses through Russia’s embargo.…

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COMPREHENSIVE PRO-DIVERSITY POLICIES ARE NEEDED TO PROMOTE FEMALE CAREERS IN GULF BUSINESS AND GOVERNMENT



COMPREHENSIVE pro-diversity company policies are needed to encourage women in business, participants of the January 21 fourth Association of Chartered Certified Accountants (ACCA) Middle East ‘Women in Finance’ roundtable heard at the Al Murooj Rotana hotel in Dubai. The event was attended by more than 30 female financial executives.…

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TERRORIST FINANCING IN IRAQ AND SYRIA



Iraq and Syria are major hot spots in the fight against terrorism financing. Numerous militant Islamist groups are in operation, most notably the Islamic State (IS), with revenues derived from multiple sources, including extortion, seizures of grain, sales of oil, private donations and charities.…

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EU FOURTH AMLD TO INTRODUCE NATIONAL COMPANY REGISTERS ON BENEFICIAL OWNERSHIP



NATIONAL authorities in the member countries of the European Union (EU) will be obliged to create central registers listing the ultimate owners of companies on their territory following a deal on the fourth EU anti-money laundering directive (AMLD) agreed on Tuesday (Dec 16) in Brussels.…

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HIGH TIME FOR CAMBODIAN TEXTILE INDUSTRY TO UPGRADE, ADB SAYS, BUT LACK OF INDIGENOUS SKILLS POSES CHALLENGE



THE MANILA-based Asian Development Bank (ADB) has urged Cambodia to upgrade its manufacturing sector, including by developing textile production and finishing, to successfully transition from a low-income to a middle-income country, according to the bank’s November report.

In its ‘Cambodia: Diversifying beyond garments and tourism – country diagnostic study’, the bank noted the key challenge in the survival of the country’s garment sector was the country’s focus on low-value, labour-intensive cut-make-trim activities.…

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