Malaysia's Top Glove says cleared to resume business with U.S.
Reuters2021-09-10
KUALA LUMPUR, Sept 10 (Reuters) - Malaysia's Top Glove Corporation said on Friday it has been allowed to resume exporting and selling gloves to the United States, following an import ban imposed since last year.
U.S. authorities had banned disposable gloves made by the world's largest medical glove maker since July 2020, saying in March it had sufficient information to determine labour abuses at the company.
Top Glove said in a securities filing its disposable gloves would be admissible at all U.S. ports of entry as of Sept. 10.
The firm said in April it had resolved all indicators of forced labour in its operations, citing a report by independent consultant Impactt Limited.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.