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THE EUROPEAN Commission has hailed a 272% increase in liquified natural gas (LNG) exports from the United States to the European Union (EU) since a landmark meeting last July (2018) between President Donald Trump and Commission president Jean-Claude Juncker.

Releasing trade data at a High-Level Business-to-Business Energy Forum staged in Brussels, where LNG executives from Europe and America discussed increasing this trade, the Commission said EU imports of US LNG in March hit a record 1.4 billion cubic metres.…

The US paint and coatings industry is set to experience pain as “the spectre of significantly reduced profits looms large” because of the ongoing trade war over tariffs with China, a trade think-tank has warned.

And American industry representatives have indicated job losses and “negative financial impacts” could result from the tariffs increasing the cost of chemicals and other raw materials imported by the sector.…

CHINESE tobacco exporters are facing stiff additional duties of 25% imposed by the US government on a wide range of tobacco products imported into the USA, as the two countries’ trade war worsens.

Washington has increased previous 10% additional duties on manufactured lines, leaf and tobacco waste from China to 25% from May 10, citing a lack of progress on ongoing trade talks.…

MONEY service businesses (MSBs) are having a tougher time operating in compliance with international AMF/CFT rules, especially those in emerging market countries, where they have to deal with a double challenge of tighter controls and derisking by banking partners.

MSBs throughout the Middle East, for instance, have been hit by derisking from correspondent banks as well as designations by the US Department of the Treasury’s Office of Foreign Assets Control (OFAC).…

THE INDUSTRIAL minerals mining and processing sector and its customers has an increasingly complex and global supply chain and as a result, international technical standards are growing in utility and importance. Where suppliers and retailers follow and require the use of international standards to guide their operations and products, there will be fewer nasty surprises, in orders and purchases.…

THE INDIAN clothing and textile industry thinks it is better able to score export orders internationally since March when the central government announced new tax benefits for the country’s garment exporters. Rahul Mehta, president of Clothing Manufacturing Association of India, told just-style, that the combined reduction in costs delivered by a refund of the central and state taxes, new benefits under the Merchandise Exports from India Scheme (MEIS), and renewed 2% duty drawbacks, is 9% to 10%, and that “makes us more competitive”.…

This July is the 30th anniversary of the Financial Action Task Force (FATF), which developed its 40 recommendations on anti-money laundering (AML) and nine special recommendations on combating the financing of terrorism (CFT) – but the jury is still out on whether the AML/CFT system it has created is really working.…

WITH decent working conditions eluding Bangladesh’s booming leather industry, an advocacy group has suggested forming a tripartite body involving the government, manufacturers and unions to help improve the sector’s health and environmental safety standards. Modelled after the efforts that have been made in the country’s textile and fabric-based garment industry, such a tri-party consultation committee would discuss the development of a leather sector whose safety and environmental records remain patchy, except for export-oriented units.…

Trade negotiators from the United States and China will meet for the second week in a row this Wednesday or Thursday, in what the American clothing sector hopes could be the final round of talks to resolve the trade war.

US Treasury Secretary Steve Mnuchin told Fox Business last week they hope to get to “the point where we can either recommend to the president we have a deal, or make a recommendation that we don’t,” emphasising the United States wants to “rebalance” the trade relationship.…

AFRICA is without doubt the continent to watch for airport and air traffic control investment in the future. It is the world’s second most populous continent (home to more than 1.2 billion people), and according to Airports Council International (World) – ACI World – Africa was the fastest growing region for air passenger traffic in 2017 and 2018, which rose 6.3% in 2017 year-on-year and 10.8% in 2018 to June year-to-date, year-on-year.…