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CHINA IMPOSES RETALIATORY TARIFFS ON USA FOOD SECTOR
THE AMERICAN food manufacturing and production industry has been counting the cost of the latest round of tariffs that will be imposed on its exports to China. The State Council Tariff Commission of China announced (Friday Aug 23) that it would from September 1 and December 15 impose 10% and 5% additional duties – with Chinese government documents clarifying the wide range of products affected.…
INDIAN KNITWEAR EXPORTERS LOOK TO EXPLOIT OPPORTUNITIES CREATED BY US-CHINA TRADE WAR
INDIAN knitwear exporters are hoping for a windfall of orders from the US following a spurt in client enquiries, which industry leaders believe are linked to the US-China trade dispute and the latest tariff hike on Chinese clothing and textile exports to America.…
GROUNDBREAKING INTERNATIONAL STUDENT PROGRAMME DELIVERS INNOVATIVE AND EXPANDABLE COMMUNITY SOLUTIONS TACKLING GLOBAL PROBLEMS
THE EMPATHY, connectedness and flexibility skills taught to students during an innovative international problem solving programme at the USA’s University of Oregon (UO) have manifested themselves in three prize-winning solutions to community problems.
These focused on environmental degradation, social inequality and public health, with students having 10 days this month to develop groundbreaking ideas for action at an Association of Pacific Rim Universities (APRU) Undergraduate Leaders Program.…
NONWOVENS SECTOR IN MIDDLE EAST AND NORTH AFRICA STRUGGLES WITH OVERCAPACITY
THE NONWOVENS industry in the Middle East and North Africa (MENA) is still struggling with over-capacity, while declining purchasing power has hit the mid- and higher-tier segments, prompting global players to reconsider product offerings.
MENA economies have been impacted by low oil prices and regional instability, with growth forecast at 1.5% this year, down from 1.7% in 2018, according to investment bank JP Morgan.…
JAPAN AND SOUTH KOREA CONTINUE TO TIGHTEN AML/CFT CONTROLS, BUT WILL REFORM BE ENOUGH TO SATISFY FATF AND APG?
JAPAN and South Korea have many similarities in AML/CFT terms, being the only countries in north-east Asia with democratic, open societies, who also run their economies according to standard free market principles. They are also both developed industrial economies in which the rule of law is applied consistently and transparently.…
JAPAN FINANCES NEW UN-LED GARMENT DESIGN PROJECT FOR PALESTINIAN TERRITORIES
Japan is financing a United Nations (UN)-led project to bolster employment and garment design in the West Bank of Palestine. The project was officially launched this month (July), with Japan’s ministry of economy, trade and industry (METI) providing USD446,428 for the United Nations Industrial Development Organization (UNIDO) to spend on promoting “employability for women and youth in the State of Palestine through supporting the garment and textile value chain”.…
AUSTRALIAN WOOL PRICES FALL, BUT INVESTMENT IN ADDITIONAL LOCAL PROCESSING UNLIKELY, SAYS INDUSTRY BOSS
THE TRADE war between the USA and China that has seen both sides impose a wide range of duties on each other’s exports has depressed Australian wool prices though a reduction in demand from key Chinese buyers.
Australian Council of Wool Exporters and Processors executive director Peter Morgan told just-style that the Washington-Beijing stand-off has come during other events depressing wool sales: “Events such as the US, China trade wars, US, India trade disputes, the US, Iran political tensions and the negative rhetoric during the recent G20 meeting” have been disruptive and this obviously “effect global economic confidence,” he said.…
BRAZIL BEEF EXPORTS TO UAE BOOM
Brazilian beef exports to the United Arab Emirates (UAE) saw an increase of 439.84% year-on-year in the first half of 2019, according to figures issued by the Dubai-based Arab Brazilian Chamber of Commerce. Brazilian beef sales to all Arab countries were up 47.62%.…
BULGARIA HAS USED LOW COSTS TO BUILD EXPORT SALES – AND LOOKS TO QUALITY TO MAINTAIN THEM
BULGARIA’S plastics industry has been making the most of the growing demand for supplies from major western markets. The sector has been particularly buoyant over the past five years, with Bulgaria’s comparatively low costs and occasional regulatory light touch making its plastics companies competitive with competitors in western Europe.…
LATIN AMERICA’S PERSONAL CARE PRODUCT MARKETS REMAIN IN THE DOLDRUMS AS ECONOMIES PERFORM POORLY
IT has been another subdued year for the beauty and personal care product market in Latin America, as the region’s economy underperforms yet again after six years of deceleration (and in some countries outright recession), keeping a lid on sales growth. …