Latest Policy: EU Postpones BASF'S Acquisition Of Cognis & Nbsp; Anti Monopoly Ruling Of Gmbh

According to the Wall Street Journal, the European Commission website It will be Approval The deadline for BASF, a chemical giant, to buy German chemical company Cognis GmbH has been postponed from November 16 to November 30.

The European Commission said the decision was made because BASF proposed measures to avoid weakening competition in the market caused by the merger, which usually include the sale of some assets.

BASF agreed in June to buy Cognis for 3.1 billion euros to get involved in the high margin personal care and cosmetics business.

According to the Ghana times, on November 15, several bags of illegally smuggled textiles were destroyed in the KaiPeng area near the port of Tema. Most of the textiles illegally imported through smuggling come from China, and the goods are marked with the trademark of Ghana. The destruction was carried out by a government appointed task force composed of the Ministry of trade and industry of Ghana, the tax bureau, the textile workers' Association, the customs, the internal revenue and prevention service, the Standards Committee and some local textile production and import companies.

Ghanaian workers union Director General of the association, Abu DHAM? Kumsen disclosed the action to the Ghana times yesterday. He said that local textile enterprises employed nearly 25000 people in the past, but only 3000 workers are on the job due to the illegal import of counterfeit textiles. The actions of counterfeiters and smugglers as well as unfair trade competition lead to unsalable local products. He also mentioned that the textiles were below production standards and some of the chemicals used were causing serious damage to the body.

Director general kumsen said the above measures can effectively deter counterfeiters and smugglers. He hopes to effectively promote local textile production by intercepting counterfeit textiles in the future. At the same time, he said the measures would be extended to other parts of Ghana and more counterfeit goods would be destroyed by the end of the year（ Ministry of Commerce)