Archive for October, 2012

New Rules to Simplify Access to EU Funds

25 October 2012, Luxembourg
 
The Council of European Union adopted new rules on the financial regulation to facilitate the access to EU funds, theywill become applicable on 1 January 2013.
 
Please refer to the press release.
 

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WTO Releases Trade and Tariff Data 2011

23 October 2012
 
The World Trade Organization (WTO) released its annual publication of trade and tariff data with detailed statistics on import/export trade flows and tariff rates in 2011.
The package includes the 2012 editions of its annual publications — International Trade Statistics, Trade Profiles and World Tariff Profiles — plus an update of the WTO Statistics Database and other data sources.
 
The documentation can be downloaded free of charge from www.wto.org/statistics. The data can be selected by trade category (merchandise or services), tariffs or by information source.
 
For more, check here.
 
International Trade Statistics 2012
 

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WCO and CIS Enhance their Cooperation

22 October 2012, Moscow
 
The World Customs Organization (WCO) and the Commonwealth of Independent States (CIS) signed a Protocol of Intent to improve the cooperation between the two organizations.
 
More here.
 

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Enterprise Europe Network Extended

22 October 2012
 
The Enterprise Europe Network opened branches in India and Canada and reinforced presence in China.
 
For more information about the Enterprise Europe Network follow the link.
 
Set up in 2008, the Enterprise Europe Network is the EU’s business and innovation support network with close to 600 local organisations in 52 countries. The propose of it is to ease the way for companies to start trading abroad, find business or technology partners and access EU funding.
 
Please check for more here.

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OECD Launched The ‘Global Recalls Portal’

19 October 2012
 
OECD launched a international portal to exchange information about unsafe products that have been taken off the market in Australia, Canada, Europe and the United States.
 
The portal, http://globalrecalls.oecd.org, will contribute to boosting consumer safety across the world.
 
For more information kindly check here.

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New ISO Standard for Cybersecurity

16 Octubre 2012
 
The new ISO standard provides a framework for information sharing, coordination and incident handling between the multiple owners of cyberspace.
 
ISO/IEC 27032:2012, Information technology – Security techniques – Guidelines for cybersecurity.
 
Find more information following the link.
 

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More Trade News in Brief – Week 42 (8 – 14 October 2012)

* DTA Signed Between Russia and Luxembourg
 
The Russian Federation and Luxembourg signed the bilateral double taxation agreement (DTA).
 
More here.
 
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* Liechtenstein and Japan Plan DTA Talks
 
After concluding the bilateral tax information exchange agreement (TIEA), Liechtenstein and Japan plan for a double taxation agreement (DTA).
 
Check more here.
 
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* Germany- Singapore Updated DTA
 
Germany and Singapore plan to update and to revise the existing double taxation agreement (DTA).
 
Check here.
 
 

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FMI Presents Global Financial Stability Report

October 2012
 
The euro area crisis is the principal theme of the FMI’s October 2012 Global Financial Stability Report. The other major themes are the needed toward medium-term fiscal adjustment in both Japan and the United States.
 
Download the summary version here.
 

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FMI Published World Economic Outlook (WEO)

October 2012
 
The International Monetary Fund (FMI)’s October 2012 World Economic Outlook (WEO) highlights  the two major problems of the world economy: the ongoing euro area crisis and the “fiscal cliff” facing U.S. policymakers.
 
Read the report here.
 

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EU Financial Transaction Tax On Going

 
Until now 11 EU countries have signalled their intent to press ahead with the Financial Transaction Tax (FTT) .
The countries are Germany, France, Belgium, Austria, Slovenia, Portugal, Greece, Italy, Spain, Estonia and Slovakia.
 

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