FAO – World Food Prices Hit Lowest Level in Almost Six Years
According to the United Nations Food and Agriculture Organization (FAO) the prices for global agricultural products in July hit their lowest level since September 2009.
Check here for more: UN agency reports world food prices declining to six-year low .
EPA – The Clean Power Plan
The United States Environmental Protection Agency (EPA) unveiled The Clean Power Plan, it aims to cut greenhouse gas emissions from US power stations and it shows the determination of the US to address global warming.
Read more here.
WMO – First Half of 2015 ‘Hottest Six Months on Record”
The United Nations World Meteorological Organization (WMO) reported the globally averaged temperature over land and ocean surfaces was the hottest for such period on record, from January to June 2015.
Find more here.
Iran and six major powers agreed early Sunday on a historic deal that freezes key parts of Iran’s nuclear program in exchange for temporary relief on some economic sanctions.
Check here for more.
* UNCTAD – World Investment Report 2015
The World Investment Report focuses on trends in foreign direct investment (FDI) worldwide.
* New WCO Guide to Customs Valuation and Transfer Pricing
The WCO launched a major new guide on the topic of Customs valuation and transfer pricing.
The guide is available to download via this link.
* ICC Launches New Tool to Promote Business Sustainability
The International Chamber of Commerce (ICC) launched the 3rd and radical update of its respected Business Charter for Sustainable Development.
* OECD – Government at a Glance 2015
Monday, 6 July, the OECD will publish Government at a Glance 2015.
The biannual report presents more than 50 indicators to compare governments’ performance in everything from public finances (including government spending per person), cuts to staffing and pay in central government and the level of private asset disclosure by government officials to access to and satisfaction with the healthcare, education and the justice systems.
* The OECD-FAO Agricultural Outlook 2015-2024
The OECD-FAO Agricultural Outlook 2015-2024 will be published on Wednesday 1 July.
The report analyses agriculture production, discusses how global markets are reacting to price volatility in both food and commodity markets and looks at farm sector trends for the coming decade.
African leaders have agreed to create the continent’s largest free-trade zone, covering 26 countries in an area from Cape Town to Cairo. The Tripartite Free Trade Area (TFTA) will cap five years of negotiations.
Three existing trade blocs – the Southern African Development Community (Sadc); the East African Community (EAC) and the Common Market for Eastern and Southern Africa (Comesa) – are to be united into a single new zone.
South Korea, Vietnam Sign FTA
The bilateral FTA upgrades the South Korea – ASEAN agreement by further cutting import duties, more than 90 percent of all their traded goods.
Check here for more.
Digital Single Market for Europe
The Digital Single Market strategy is made up of three policy areas or ‘pillars’:
Please read more here.
ECB publishes its Euro Money Market Study 2014
The European Central Bank (ECB) is publishing its biennial report entitled “Euro Money Market Study 2014”.
Check it here.
ICC Revises DOCDEX Rules
The International Chamber of Commerce (ICC) has revised its DOCDEX rules, a dispute resolution mechanism specifically designed to address trade finance concerns.
Check here for more.
New ICC Cyber Security Guide
The International Chamber of Commerce (ICC) has published a new straight-speaking guide to help companies of all sizes manage their approach to cyber security and mitigate threats posed by cybercrime.
Click here for more.
The Asian Infrastructure Investment Bank (AIIB) is an international financial institution proposed by the government of China.
At least 47 countries and territories from five continents have applied to join the Beijing-led Asian Infrastructure Investment Bank as founding members.
Sweden and Kyrgyzstan were among the last to apply before the deadline, 31 March 2015, adding further weight to the regional financing body, which has seen its influence grow even before it officially starts operation.
Check here for more.
Posted by Bogdan Marius Beleuz in Agriculture & Food Security, Auditing & Accounting, European Union Issues, European Union Regulation, Financial & Investment Markets, Financial Transactions, Fiscality, Fiscality, Auditing & Accounting, Global Financial System, Global Tax Agreements, Intellectual Property, International Trading, Law & Legislation, More Trade News in Brief, Reports & Analysis, Statistics, Reports & Analysis on March 23, 2015
* Switzerland, EU Ink New Savings Tax Pact
Switzerland and the European Union (EU) have initialled an agreement on the automatic exchange of tax information (AEOI). Account data will be collected from 2017, with the first exchange scheduled for 2018.
See more clicking here.
* EU: Combatting Corporate Tax Avoidance
The European Commission presented a package of tax transparency measures as part of its ambitious agenda to tackle corporate tax avoidance and harmful tax competition in the EU. A key element of this Tax Transparency Package is a proposal to introduce the automatic exchange of information between Member States on their tax rulings
Read more here.
* China and US Telecoms Giants Lead Global Patent Activity in 2014
According to the UN World Intellectual Property Organization (WIPO) annual review of international patent filings, a leading Chinese telecoms giant overtook a Japanese firm as the largest applicant last year, and China and the US together accounted for 87 per cent of the total growth in filings under WIPO’s Patent Cooperation Treaty (PCT).
Under that system, some 215,000 applications were filed in 2014, a 4.5 per cent increase over the previous year, WIPO said in a news release.
* WTO: Assistance in Food Safety, Animal and Plant Health
Five agencies and their partners operating a programme to help developing countries meet international standards on food safety and animal and plant health have approved plans for 2015–2019 designed to further strengthen safe trade.
The decision will allow the Standards and Trade Development Facility (STDF) to continue to provide assistance to developing countries,
The STDF was set up in 2004 by the UN Food and Agriculture Organization (FAO), World Organization for Animal Health (OIE), World Bank, World Health Organization (WHO) and World Trade Organization (WTO), and is run by the five partners together with donor countries and representatives of developing countries.
* UNWTO World Tourism Barometer 2014
International tourist arrivals reached 1,138 million in 2014, a 4.7% increase over the previous year, according to the latest UNWTO World Tourism Barometer. For 2015, UNWTO forecasts international tourism to grow by 3% to 4%, further contributing to the global economic recovery.
UNWTO World Tourism Barometer
Infographic: International Tourist Arrivals 2014 (per region)
Infographic: International Tourist Arrivals 2014 (growth per region)
Infographic: Why Tourism Matters
UNWTO Tourism Highlights, 2014 Edition
* UNIDO – Global Manufacturing Growth Stayed Low in 2014
According to the last UNIDO report, world manufacturing production has been trapped in low growth for a prolonged period and there was no breakthrough in 2014.
For further information on the report, please click here.
* World Oil Outlook
OPEC’s World Oil Outlook (WOO) is a means to highlight and further the understanding of the many possible future challenges and opportunities that lie ahead for the oil industry.
Check here the 2014 Edition.
* Global Investment Trends in 2014 and Prospects for 2015
Global foreign direct investment (FDI) inflows declined by 8% in 2014. A solid FDI rise remains distant, reports the latest UNCTAD Global Investment Trends.
Download: Global Investment Trends Monitor No. 18.
* UNCTAD and WTO launch partnership on Integrated Trade Database
UNCTAD and the WTO agreed to cooperate in assisting the WTO members in implementing notification requirements for the WTO Integrated Data Base (IDB).
An integrated customs management system for international trade and transport operations in a modern automated environment.