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*The European Union (EU) Council of Ministers has published a blacklist of jurisdictions it thinks do not cooperate sufficiently with international efforts to reduce tax evasion. They are American Samoa, Bahrain, Barbados, Grenada, Guam, South Korea, Macau, the Marshall Islands, Mongolia, Namibia, Palau, Panama, Saint Lucia, Samoa, Trinidad & Tobago, Tunisia and the United Arab Emirates (UAE).…

THE EUROPEAN Union (EU) Council of Ministers today (December 5) adopted a money laundering blacklist, bringing widespread criticism because the listing – designed to prevent tax fraud and evasion – only covers countries outside the 28-nation bloc. Despite the European Commission screening 92 jurisdictions worldwide, the final list of non-cooperative jurisdictions in taxation matters only contains 17 jurisdictions: American Samoa, Bahrain, Barbados, Grenada, Guam (another US territory), South Korea, Macau (a China special administrative region), the Marshall Islands, Mongolia, Namibia, Palau, Panama, Saint Lucia, Samoa, Trinidad & Tobago, Tunisia and the United Arab Emirates (UAE).…

EUROPEAN Union (EU) ministers finally committed, on December 18, (2017), to a target of reaching at least 27% renewable energy out of overall energy consumption by 2030. While lower than the 45% or 30% demanded by green groups and the European Commission respectively, the biofuels industry has declared that its output should be instrumental in meeting this goal.…

THE EXECUTIVE secretary of the Indonesian Textile Association (API – Asosiasi Pertekstilan Indonesia) has said that he hopes his government will make progress next year in forging trade deals with the USA and European Union (EU), boosting textile exports to these key markets.…

THE TURKISH garment sector has responded to criticism that it has been illegally employing Syrian refugees, including children, by launching awareness programmes, sharing best practice models and initiating training schemes to reduce the commission of such unethical practices.

Most companies have also drawn up specific child labour remediation policies and human rights activists have noticed a marked improvement in the situation since it was first highlighted two years ago, with brands working in conjunction with manufacturers to ensure an ethical environment for workers.…

NEW Free Trade Agreements (FTAs) signal a promising outlook for the Vietnamese textile industry with tariff concessions providing the biggest stimulus to figures, according to the country’s trade officials.

Attendees at the 17^th Vietnam International Textile & Garment Industry Exhibition, held late last month (November 22-25th) in Ho Chi Minh City, heard the deals will impact significantly on the national textile sector.…

The programme called ‘”From School To Work” Buddy Programme’, initiated by the Hong Kong Institute of Human Resource Management (HKIHRM), is set to be rolled out in January 2018 – marking the institute’s 40^th anniversary.

The six months long programme will offer “one-on-one, peer-to-peer mentoring and coaching for HR students in their final year of study in universities and academic institutions about career aspirations and goals,” HKIHRM president David Li said.…

THE EUROPEAN Chemicals Agency (ECHA) has warned of the major impact on British plastics chemical suppliers and their trading partners in Europe, should the UK push ahead with quitting the European Union (EU) as planned, on March 29, 2019.

It has released a database seeking to advise chemical producers of how their legal obligations will change.…

SUB-SAHARAN Africa continues to grow as a key market for personal care product brands, with enlarging middle classes providing more spending power – however, the region’s most mature market – South Africa – has been experiencing some stagnation.

The rest of the region still is performing as emerging markets should – with growing sales, even when uneven across categories, giving brands much hope for the future.…

OECD SAYS 49 JURISDICTIONS WILL AUTOMATICALLY EXCHANGE TAX INFORMATION THIS YEAR

THE IDENTITY of 49 jurisdictions that will automatically exchange tax information in 2017 under a global standard has been revealed by the Organisation for Economic Cooperation & Development (OECD).…