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CANADIAN automobile dealers are looking out for a potential increase in the price of vehicles that they sell on account of the United States-Mexico-Canada Agreement (USMCA), which came into force on July 1 (2020).

This is likely to be fuelled by the new deal insisting that Canadian (as well as American and Mexican) auto-manufacturers may have to increase their USMCA-bloc sourcing to ensure that 75% of a vehicle’s parts are made a signatory country.…

THE FOOD industry is one sector that has performed well during the Covid-19 crisis, but like others, it has become more vulnerable to crime during the pandemic. Brenda Dionisi and Keith Nuthall examine these commercial crime trends in Italy.

THE REPUTATION of Italy contains many remarkable feats – and amazing food is one of them.…

A RESEARCH consortium in Canada is developing an open source model to create data-rich digital maps that can improve the operations of autonomous vehicles (AVs). The inspiration behind ‘Open HD Maps’ is to enable the holders of mapping data outside existing proprietary mapping services to contribute their information to a collaborative platform on a profit-sharing basis.…

USA automotive manufacturers are facing some tough choices when implementing the United States-Mexico-Canada Agreement (USMCA), which entered into force on July 1, to avoid its pressure on costs being reflected in showroom price increases.

The new deal, which replaces the North American Free Trade Agreement (NAFTA), requires US, Mexican and Canadian auto manufacturers to increase their USMCA-bloc sourcing to ensure that 75% of a vehicle’s parts are made in a signatory country to benefit from the free trade provisions.…

The Mexican auto industry should be able to preserve its critically important USA export sales if it implements the new labour wage and origin components of the United States-Mexico-Canada Agreement (USMCA) slowly and steadily, allowing time to invest in technological efficiencies, experts predict.…

Mavi, the Turkish denim giant, sold 9.7 million pairs of jeans worldwide in 2019, and, its chief executive has told just-style, has rebounded from the shuttering of the garment sector earlier this year with e-commerce sales doubling in its major markets.…

AMIDST the partial withdrawal of Cambodia’s tariff-free access to the European market that came into effect in August, the Covid-19 pandemic could not have come at a worse time for the country’s garment sector. Its clothing sales to the European Union (EU) – including the UK – alone plummeted 31% or USD403 million within the first six months (January-June) this year compared with the same period in 2019.…

Governments and banks around the world are doing too little to tackle tax abuses, money laundering and corruption, according to a United Nations report. A September 24 interim assessment from the High-Level Panel on International Financial Accountability, Transparency and Integrity for Achieving the 2030 Agenda (FACTI Panel) found that outmoded financial controls have failed to keep pace in a globalised, digitalised world.…

Countries exporting the most goods and services are also the worst at foreign bribery enforcement, according to the latest report from anti-graft group Transparency International. ‘Exporting Corruption Progress Report 2020: Assessing Enforcement of the OECD Anti-Bribery Convention’ finds that most countries assessed (34 out of 47), conducted weak or no enforcement of their foreign bribery laws, in part hindered by a lack of public information on beneficial ownership. …

The director of the UK Serious Fraud Office (SFO), Lisa Osofsky, has called for the introduction of new British offences criminalising failures to prevent fraud and tip off law enforcement about such crimes. In an October 8 speech on ‘Future Challenges in Economic Crime: A View from the SFO’ at the Royal United Services Institute (RUSI) in London, Osofsky ran through her “wish list for the SFO, if I had a magic wand”.…