* 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.
Posted by Bogdan Marius Beleuz in Banking System, Financial & Investment Markets, Financial Transactions, Geopolitical Issues, International Trading, Law & Legislation, More Trade News in Brief, Reports & Analysis, Restrictions, Sanctions & Embargos, Statistics, Reports & Analysis on December 20, 2014
* US and Cuba to Normalize Relations
The leaders of the United States and Cuba agreed to restore full diplomatic relations between the two countries.
Check here for more.
* Russia to Launch Alternative to SWIFT Bank Transaction System
Russia plans to launch its own international inter-bank system by May 2015. The national payment system department of the Central Bank of Russia (CBR) will be in charge of the new project.
Find more here.
* The 2014 edition of the World Intellectual Property Indicators
WIPO’s World Intellectual Property Indicators 2014 provides a wide range of indicators covering the following areas of intellectual property: patents, utility models, trademarks, industrial designs, microorganisms and plant variety protection.
It draws on data from national and regional IP offices, WIPO and the World Bank.
* World Economic Situation and Prospects 2015 (WESP) Report
The UN World Economic Situation and Prospects 2015 (WESP) report, which was launched today, estimates growth in 2015 of 3.1 per cent and in 2016 of 3.3 per cent.
Read more about it here.
——————————————————————————————————————————————–—* ASEAN to Pilot Customs Transit System An ASEAN Customs Transit System (ACTS) will be piloted in Malaysia, Singapore and Thailand. The system, aimed at facilitating the movement of transit goods by road within ASEAN. Read more following the link.
Posted by Bogdan Marius Beleuz in Agriculture & Food Security, Auditing & Accounting, Banking System, Energy & Natural Resources, Geopolitical Issues, Global Financial System, Global Tax Agreements, Globalization Challenges, International Trading, More Trade News in Brief, Statistics, Reports & Analysis, Sustainable Development on November 9, 2014
——————————————————————————————————————————————–—* WTO Report Says Restrictive Trade Measures Continue to Rise in G-20 Economies Restrictive trade measures introduced by G-20 economies since 2008 continue to rise, according to the latest WTO report on recent trade developments issued on 6 November 2014. > WTO Report on G-20 Trade Measures (mid-May 2014 to mid-October 2014) > Summary and Status of G-20 trade and trade-related measures since October 2008 (Excel Format) > OECD/UNCTAD Report on G-20 Investment Measures
Posted by Bogdan Marius Beleuz in Corporate Business & Management, European Union Issues, Fiscality, Auditing & Accounting, Geopolitical Issues, Global Financial System, Global Tax Agreements, Globalization Challenges, International Trading, More Trade News in Brief, Reports & Analysis, Statistics, Reports & Analysis on October 20, 2014
- ensure the coherence of corporate income taxation at the international level, through new model tax and treaty provisions to neutralise hybrid mismatch arrangements (Action 2);
- realign taxation and relevant substance to restore the intended benefits of international standards and to prevent the abuse of tax treaties (Action 6);
- assure that transfer pricing outcomes are in line with value creation, through actions to address transfer pricing issues in the key area of intangibles (Action 8);
- improve transparency for tax administrations and increase certainty and predictability for taxpayers through improved transfer pricing documentation and a template for country-by-country reporting (Action 13);
- address the challenges of the digital economy (Action 1);
- facilitate swift implementation of the BEPS actions through a report on the feasibility of developing a multilateral instrument to amend bilateral tax treaties (Action 15); and
- counter harmful tax practices (Action 5).
- The United States has the third highest general top marginal corporate income tax rate in the world at 39.1 percent, exceeded only by Chad and the United Arab Emirates.
- The worldwide average top corporate income tax rate is 22.6 percent (30.6 percent weighted by GDP).
- By region, Europe has the lowest average corporate tax rate at 18.6 percent (26.3 percent weighted by GDP); Africa has the highest average tax rate at 29.1 percent.
- Larger, more industrialized countries tend to have higher corporate income tax rates than developing countries.
- The worldwide (simple) average top corporate tax rate has declined over the past decade from 29.5 percent to 22.6 percent.
- Every region in the world has seen a decline in their average corporate tax rate in the past decade.