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APPAREL SECTOR: COUNTRY PROFILE CHINA



Roughly two decades after China entered the World Trade Organisation (WTO) (in December 2001) and nearly two-and-a-half years into the Covid-19 pandemic, the country’s textile and apparel sectors seem healthier than ever. Customs data show that in 2021, the cumulative export value of China’s textiles and clothing reached USD315.5 billion, a year-on-year increase of 8.4%.…

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WESTERN POWERS IMPOSE SANCTIONS ON RUSSIA OVER UKRAINE AGGRESSION



The United States, European Union (EU), Germany and the UK have reacted swiftly against Russian interests following its government’s recognition of independence of two breakaway republics in eastern Ukraine. The sanctions follow the announcement yesterday (Monday Feb 21) by President Vladimir Putin regarding the Luhansk and Donetsk People’s republics, into which he has openly sent Russian troops, as ‘peacekeepers’.

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EXPERTS DOUBT MLB AML EXPENDITURE EFFECTIVENESS – MORE MONEY NEEDED FOR CRIMINAL PROBES



WITH around USD400 billion spent annually on AML compliance and government efforts to curb financial crime according to LexisNexis, AML experts are increasingly calling for more of this money to be spent on in depth and undercover investigations to follow money trails, delivering convictions and dirty money seizures.…

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UNINTENDED CONSEQUENCES OF AML/CFT BEING ASSESSED BY FATF – BUT MORE WORK IS NEEDED, SAY EXPERTS



It would be surprising if as complex an intergovernmental programme as AML/CFT did not spark unintended consequences, but some AML/CFT experts fear that the global system designed and promoted by FATF has caused unwanted and damaging actions that cut across its stated goal – to fight and prevent money laundering.…

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PERU CLOTHING INDUSTRY WELCOMES POTENTIAL NEW TARIFF BARRIER TO BLOCK IMPORT SURGE



THE PERU clothing industry has backed moved by the country’s left-wing government to impose temporary safeguard duties on imports of clothing into this south American country that is a hub for wool production, especially using alpaca fibre.  

The World Trade Organisation (WTO) has reported that Peru has launched an inquiry into what is considers a glut of imports that is undermining the commercial health of Peruvian clothing and textile manufacturers.…

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MUSLIM-FOCUSED MEDIA INCREASES DIVERSITY AND CROSS-BORDER REACH THROUGH APPS AND BROADCASTING



The international growth of media content focused on Muslim cultural and Islamic religious interests is burgeoning, with companies expanding the reach of their output across national borders, developing an increasingly comprehensive ecosystem of programming delivered by broadcasting and internet-based apps.

The opening of the Dubai, United Arab Emirates (UAE) bureau of the Annahar Al Arabi digital news platform in January (2022) is one example of such cross-border growth, highlighting an appetite for regionally-relevant content in the Gulf region.…

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AML PROFESSIONALS HAVE A TOUGH JOB, CAN THE JOB BE MADE EASIER AND MORE EFFICIENT?



Financial professionals involved in AML/CFT are facing a growing set of professional, regulatory and technical pressures, from top AMLO managers to the front-facing staff onboarding customers, and backroom technical staff screening transactions. AML/CFT regulations in most jurisdictions are becoming increasingly broad and detailed, with implementation and enforcement ramping up.…

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HALAL NUTRACEUTICAL SEGMENT SEEKS TO CEMENT COVID-19 INSPIRED GROWTH



The global market for halal nutraceutical products, including vitamins and wellbeing supplements, is set to double over the next 10 years, according to new research. A report from Dubai-based Future Market Insights (https://www.futuremarketinsights.com/reports/halal-nutraceuticals-and-vaccines-market), published last July (2021), predicted sales of these products would increase from USD58.01 billion in 2021 to USD116.38 billion by 2031.…

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INDIA’S MAJOR CLOTHING AND TEXTILE HAS ENOUGH DIVERSITY TO FLOURISH



India’s large and diverse clothing and textile industry is flourishing through sustained domestic sales growth and lucrative government incentives.

Its increased reliance on man-made fibres (MMF), a sharper focus on technical textiles and the construction of mega production units have been major features defining the progress of India’s clothing and textile industry.…

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AMERICAS DIGITAL INKS – DEEP DIVE



INTRODUCTION

The growth in digital textile printing across the Americas has created a surge in demand for a wide range of digital inks, which is spreading into Latin America as well as north America. The adaptability and broad uses of digital inks, for garments, household products, technical textiles, and more, fits the diversity of the textile sector in the Americas, which spans higher wage industries such as US textile production to lower cost manufacture in central America.…

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