The 6th BRICS Summit

 

The 6th BRICS Summit will be held in Fortaleza, Brazil between 15 and 17 July. South Africa achieved full membership in December 2010 and, this year, the invited guest is Argentina.

Check the official website.

 

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News from EU

 
 
* EU – Simpler and Fairer VAT System
 
The change in VAT rules will be applied from January 2015.
 
Check here from details.
 
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* EU – International Trade in Services
 
EU28 surplus up to €173 bn in 2013 and United States, Switzerland and China are the main partners.
 
Download the report here.
 
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* EU – Intellectual Property Rights (IPR)
 
The European Commission has today adopted two communications – an Action Plan to address infringements of intellectual property rights in the EU and a Strategy for the protection and enforcement of intellectual property rights (IPR) in third countries.
 
Read more about it here.
 

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WTO – 2014 Annual Report

 
The WTO’s Annual Report 2014 provides a comprehensive overview of the WTO’s activities over the past year.
 
The app is freely available from the App Store, Google Play and Amazon.
 
The PDF can be downloaded from the WTO website.
 

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More Trade News in Brief Week 20 (12 – 18 May 2014)

 
* China – Extra Free Trade Zones (FTZ)
 
China will set up a number of new free trade zones to boost foreign trade growth and increase the use of the renminbi.
 
See more here.
 
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* The World’s Biggest Public Companies
 
The Forbes magazine released the 2014 Global 2000. For the first time, China is home to the world’s three biggest companies; it also lands five of the top 10 spots.
 
Check here The 2014 Global 2000.
 
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* 2014 ICT Figures
 
International Telecommunication Union (ITU) released 2014 ICT figures, please check for some of the most important findings:
 
* fixed-telephone subscriptions continue to decline
* mobile-cellular subscriptions to hit nearly 7 billion
* growth in fixed-broadband penetration slowing in developing countries
* mobile-broadband subscriptions will reach 2.3 billion globally
* home internet access approaches saturation levels in developed countries
* three billion people will use the Internet by end of 2014
 
The latest ITU statistics are available here.
 
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* ICAO 2013 Annual Safety Report
 
The International Civil Aviation Organization (ICAO) released its annual Safety Report for 2013, reflecting very positive global aviation safety outcomes.
 
Read more here and download The ICAO 2014 Safety Report.
 

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News from World Health Organization

 
* Large Gains in Life Expectancy
 
People everywhere are living longer, according to the “World Health Statistics 2014″.
 
Read the press release on the “World Health Statistics 2014″.
 
World Health Statistics 2014.
 
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* Global Status Report on Alcohol and Health
 
Worldwide, 3.3 million deaths in 2012 were due to harmful use of alcohol, says a new report launched by WHO.
Alcohol consumption also increases people’s risk of developing more than 200 diseases and, in addition, harmful drinking can lead to violence and injuries.
 
Read the press release on the global alcohol report.
 
Global status report on alcohol and health 2014.
 
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* Health for the World’s Adolescents
 
WHO’s “Health for the world’s adolescents” report reveals that depression is the predominant cause of illness and disability for both boys and girls aged 10 to 19 years.
The top 3 causes of adolescent deaths globally are road traffic injuries, HIV/AIDS, and suicide.
 
Read the press release on adolescent health.
 
Read the “Health for the world’s adolescents” report.
 

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More Trade News in Brief Week 19 (5 – 11 May 2014)

 
* ICC – Guide to International Franchising
 
The International Chamber of Commerce (ICC) has published a practical guide to help business people understand why, how and when to use franchising to expand into new foreign markets.
 
Check the Using Franchising to Take Your Business International: ICC Strategies and guidance for master franchising, area development and other arrangements”.
 
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* US & Singapore – FATCA Agreement
 
United States and Singapore have initialled the text of an intergovernmental agreement (IGA) to implement the Foreign Account Tax Compliance Act (FATCA).
 
Check here for more.
 
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* EU & Japan – FTA by 2015
 
The European Union (EU) and Japan agreed to a one-year review that should lead to the “early conclusion of a highly comprehensive and ambitious” free trade agreement (FTA).
 
Read more here.
 
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* US & Israel – Reach FATCA Agreement
 
United States and Israel have concluded the text of an intergovernmental agreement (IGA) to implement the Foreign Account Tax Compliance Act (FATCA).
 
See more following the link.
 
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* USTR Releases Annual Report on Intellectual Property Rights
 
The Office of the United States Trade Representative (USTR) has released its annual “Special 301” Report on the adequacy and effectiveness of U.S. trading partners’ protection and enforcement of intellectual property rights (IPR). 
 
Find the Press Release here.
 

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News from OECD

 
* OECD – Climate Deal for 2015
 
All the OECD’s member countries confirmed their desire to work towards a deal on combating climate change.
 
Full OECD Ministerial Statement on Climate Change here.
 
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* OECD – Single Global Tax Exchange Standard
 
The OECD’s 34 member countries endorsed the implementation of a new single global standard on automatic exchange of information.
 
Read the Declaration on Automatic Exchange of Information in Tax Matters.
 
 

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News from EU

 
* Stronger Rules to Defend the EU’s Rights under Trade Agreements
 
The new legal framework will allow for a more effective EU response to illegal measures taken by its trading partners.
 
Read the Press Release.
 
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* EU’s first ‘Partnership Agreement’ for Growth and Jobs in 2014-2020
 
The European Commission has adopted the first of 28 “Partnership Agreements” that set down the strategies in EU member states and regions for European Structural and Investment Funds.
 
Check here for more.
 

 

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News from OECD

 
* OECD – Economic Outlook
 
OECD published its last Economic Outlook: global economy strengthening but significant risks remain.
 
Check the OECD’s latest Economic Outlook.
 
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* OECD – Services Trade Restrictiveness Index
 
The OECD’s new Services Trade Restrictiveness Index (STRI) provides a unique and comprehensive snapshot of services trade restrictions across 18 sectors in 40 leading economies, representing over 80% of global services trade.
 
Read more about Services Trade Restrictiveness Index (STRI).
 

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