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THE EUROPEAN Union (EU) is strengthening its commitments for member states to criminalise financial frauds that have an impact on the EU EUR135 billion annual budget. The European Parliament’s budgetary control and civil liberties committee have now approved a draft of a new directive on the ‘fight against fraud to the Union’s financial interests by means of criminal law’.…

BANGLADESH’S readymade industry expects a 10-15% growth in exports for the current fiscal year ending June, Bangladesh Knitwear Manufacturers and Exporters Association (BKMEA) acting president Mohammad Hatem has told just-style.

The first eight months of the fiscal year fetched a “morale- boosting” 16.68% rise to USD16.13 billion compared to last year’s USD13.83 billion.…

CANADIAN meat exporters have welcomed a Canada-South Korea free trade agreement announced yesterday (March 11), saying it will boost trade and help them compete for sales in South Korea’s often wealthy markets.

“The absence of an FTA [free trade agreement] with Korea was causing substantial and growing prejudice to the Canadian pork industry due to the tariff rates since all of our key competitors in South Korea have FTAs in place,” said Jean-Guy Vincent, chair of the Canadian Pork Council.…

A EUROPEAN Union (EU) scientific committee has sounded an alarm about potential health concerns regarding the use of nano-silver in clothing – the substance often used as an antibacterial in knitted socks.

The EU’s Scientific Committee on Emerging and Newly Identified Health Risks has noted studies indicating that “nanosilver exposure leads possibly to genotoxicity, changes in activity of the immune system and an accumulation of silver in spleen, liver and testes.”…

NEGOTIATIONS for a renewed International Agreement on Olive Oil are intensifying in Madrid. The agreement runs out at the end of this year and its member jurisdictions, of which the European Union (EU) is the biggest, are working to forge a new agreement by December.…

SOURCING in Asia has been a merry-go-round for many buyers in recent years. As the era of low-cost Chinese manufacturing draws more or less to a close, several countries have leveraged their low cost labour to capture a significant volume of the world’s lower end knitwear manufacturing, while others have sought to extend their reach into higher value-added manufacturing by investing in infrastructure and training.…

SOURCING in Asia has been a merry-go-round for many buyers in recent years. As the era of low-cost Chinese manufacturing draws more or less to a close, several countries have leveraged their low cost labour to capture a significant volume of the world’s lower end knitwear manufacturing, while others have sought to extend their reach into higher value-added manufacturing by investing in infrastructure and training.…

A country famed for its beautiful traditional ‘batik,’ Malaysia is also home to a highly specialised textiles industry and these niche skills may prove vital for the country’s numerous finishing factories in what is shaping up to a challenging year. Economists are predicting a general slowing of the Malaysian economy, with average real gross domestic product (GDP) growth for the next five years estimated in Q4 2013 at 3.4%, revised down 0.2% from Q4 in 2012 (slightly slower than the Asian average of 3.7%), according to the Ifo Institute for Economic Research/International Chamber of Commerce’s World Economic Survey of business experts published in November last year.…

BY LEE ADENDORFF

A country famed for its beautiful traditional ‘batik,’ Malaysia is also home to a highly specialised textiles industry and these niche skills may prove vital for the country’s numerous finishing factories in what is shaping up to a challenging year.…

ALTHOUGH Colombia’s pharmaceutical sector has enjoyed growth over the past few years, new price controls could disrupt the sector’s expansion if they are poorly planned, industry representatives claim.

Their concerns focus on the reaction to maximum price controls on medication recently approved by the government.…