U.S. and Norway unite to increase transparency
The U.S. Department of Commerce and the Norwegian Ministry of Trade, Industry and Fisheries have jointly released an innovative report analyzing how non-market policies and practices (NMPP) impact global critical minerals markets. The study, known as the NMPP Report, highlights the challenges posed by practices in some third countries that distort markets for minerals necessary for sustainable technologies. Also Read: Commerce Department Expands Advocacy Efforts to Boost U.S. Global Competitiveness The report, led by the International Trade Administration's Industry and Analysts team, marks an important step forward in the United States and Norway's shared goal of promoting sustainable, market-driven mining and processing activities. “Securing critical minerals supply chains is critical to national security and economic competitiveness,” said Grant Harris, Assistant Secretary of Commerce for Industry and Analysis. “This report provides a detailed assessment of how the NMPP is disrupting these important markets, guiding market-oriented economies and industry partners to strengthen supply chain resilience.” The NMPP report explores the mineral supply…
Manufacturers push for AI-driven transparency
Pictured speaking at the Birmingham conference (left to right): Tim Deniz, Chief Commercial Officer, DANX Carousel; Sumit Saxena, Vice President Europe, Far Eye; Matthew Blakemore, Chairman, World AI Summit 2023; Andy Clarke , Group Transformation Officer; and Mohan Palaniandy, Chief Information Officer of DANX Carousel. At the recent Supply Chain Transparency Conference, DANX Carousel CIO Mohan Palaniandy urged manufacturers and logistics providers to break down data silos and adopt cutting-edge technology to make time-critical logistics more efficient. Palianandy emphasized that manufacturers are increasingly expecting logistics providers to be deeply integrated with their operational systems. He highlighted how artificial intelligence and data analytics are now playing a key role in overcoming traditional barriers to data sharing, leading to greater efficiencies such as comprehensive inventory visibility and optimized last-mile delivery routes. "DANX Carousel will continue to enhance its time-critical logistics while minimizing waste at every stage of operations. Complete digital transparency among stakeholders is key to achieving this goal," said Palaniandy. He…
Global: Ultimate Beneficial Ownership – Transparency Rules
brief The Ultimate Beneficial Ownership (UBO) registration system is gaining widespread popularity around the world, and more than 100 countries are currently committed to implementing UBO regulatory reforms. Businesses must be familiar with UBO disclosure and reporting requirements. For employers, understanding their own ownership structure and transparency rules can reduce compliance risks and demonstrate their commitment to ethical business practices. In this spotlight video tailored for General Counsel, Corporate Counsel, Compliance and Regulatory Counsel, our transactional and international business lawyers discuss the latest developments in UBO transparency rules in Canada, the UK and the EU, and provide practical guidance on how to ensure compliance in this rapidly evolving area. Speakers: Bonnie Tsui, Jonathan Yeo and Jing Xu In Focus is Baker McKenzie's video chat series for Canadian clients. In each on-demand episode, our lawyers provide insights and quick, practical tips on today's most pressing issues and legal developments affecting organizations operating in Canada. Browse our shows to watch past videos.…
Asia Pacific Anticorruption Ranking 2023: Transparency
According to the 2023 Bribery Risk Matrix (TRACE Matrix) and Transparency International's 2023 Corruption Perceptions Index (Texas Instruments Consumer Price Index). While both ranking systems have the same view of the lowest and highest risk countries, the TRACE matrix presents a slightly more positive view overall, ranking most Asia-Pacific countries as medium risk. In contrast, the TI CPI ranks most countries as high risk. Taken together, the two systems provide a more comprehensive and accurate picture of risks and opportunities in the Asia-Pacific region based on different methodologies and factors. TRACE considers only a quarter of the region’s countries to be high or very high risk, but two-thirds are at least medium risk. However, for the TI CPI, Asia-Pacific countries scored above the global average (45 vs. 43, as they have for the past four years), with more than half of countries considered high or very high risk, leading TI to describe the region’s scores as stagnant. The 2023 TRACE…
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