Archive for July, 2012

International Agreements to Avoid USD

Please read the article “11 International Agreements That Are Nails In The Coffin Of The Petrodollar” about the panaroma of a less important USD in the international trade.

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OECD-FAO Agricultural Outlook 2012-2021

11 July 2012
The Organisation for Economic Co-operation and Development (OECD) and the Food and Agriculture Organization of the United Nations (FAO) publish new Agricultural Outlook 2012-2021.
The publication can be downloaded under the link.

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EU Signs Treaty of Amity and Cooperation with ASEAN

12 July 2012, Phnom Penh
The European Union (EU) accedes to the Treaty of Amity and Cooperation in Southeast Asia (TAC) established by the founding members of the Association of Southeast Asian Nations (ASEAN).
Logo European Union (EU) - Trade News in Brief

Logo European Union (EU)

Logo ASEAN - Trade News in Brief


For further information please refer to the European Commission’s Press Release.

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More Trade News in Brief – Week 29 (9 July – 15 July 2012)

* Free Online Tool for Trade and Market
The International Trade Centre (ITC) has redeveloped its free online analysis tool Market Access Map.
Market Access Map is an interactive analytical web tool informing about tariffs and non-tariff measures (NTMs) and other market access conditions.
The tool is available at
More here.
* Mozambique Sign IMO Anti-piracy Code
6 July 2012
Mozambique is the 20th state to The Code of Conduct concerning the Repression of Piracy and Armed Robbery against Ships in the Western Indian Ocean and the Gulf of Aden (Djibouti Code of Conduct) developed by International Maritime Organization (IMO).
More here.
* CARICOM-Canada Revised FTA
The Caribbean Community (CARICOM) and Canada express their desire to agree a revised free trade agreement to replace the actual CARIBCAN preferential trade programme until the end of the year.
More here.
* Japan & Liechtenstein Sign TIEA
Japan & Liechtenstein sign bilateral Tax Information Exchange Agreement (TIEA) in accordance with the Organization for Economic Cooperation and Development’s (OECD) model convention.


* Ghana Signs Tax Cooperation Agreement
10 July 2012
Ghana is the second African country, after South Africa, to sign the Convention on Mutual Administrative Assistance in Tax Matters, a multilateral agreement developed by the Council of Europe and the Organization for Economic Cooperation and Development (OECD).

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EU-Philippines Partnership and Cooperation Agreement

11 July 2012, Phnom Penh (Philippines)
The European Union (EU) and the Philippines signed a Partnership and Cooperation Agreement on issues such as migration and energy.
For more click here.

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African Continental Free Trade Agreement Project

The African leaders are taking in consideration on for their 19th African Union (AU) 2012 summit meeting the ambitious idea of an Continental Free Trade Area (CFTA) by 2017.
More here.


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Easier Access to WTO for Least Developed Countries (LDCs)

6 July 2012
The World Trade Organization (WTO) approved proposals to streamline and facilitate the accession process for Least Developed Countries (LDCs).
For more details, please refer to the next news.

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The International Role of the Euro

11 July 2012
The European Central Bank (ECB) published the report “The International Role of the Euro” to  exam the developments in the use of the EUR by non-euro area residents during 2011.
More here.

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Global Innovation Index 2012 (GII)

3 July 2012, Abu Dhabi, Fontainebleau, Geneva and Singapore
The World Intellectual Property Organization (WIPO) and The Business School for the World (INSEAD) published the fifth edition of ”Global Innovation Index 2012 (GII): Stronger Innovation Linkages for Global Growth”.
Top 10 Leaders in overall innovation performance as per the Global Innovation Index are:
1. Switzerland
2. Sweden
3. Singapore
4. Finland
5. United Kingdom
6. Netherlands
7. Denmark
8. Hong Kong (China)
9. Ireland
10. United States of America
Global Innovation Index 2012 - Trade News in Brief

Global Innovation Index 2012

   More here.

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More Trade News in Brief – Week 28 (2 July – 8 July 2012)

* World Investment Report 2012
The UN Conference on Trade and Development (UNCTAD) launched “World Investment Report 2012: Towards a New Generation of Investment Policies”.
The Report contains a detailed analysis of world investment trends (global and regional) and give a special attention to  national policy developments and on the new generation of investment policies. Also, The Report provides detailed guidelines for investment policymaking.
The Report and accompanying detailed statistics can be downloaded from here.
* Online Platform on the New York Convention Guide
The United Nations Commission on International Trade Law (UNCITRAL) launched of an online platform to support  the forthcoming Guide on the Convention on the Recognition and Enforcement of Foreign Arbitral Awards, 1958 (New York) known as the New York Convention.
For more information click here.
* UNCITRAL Adopted Recommendations to Assist Arbitral Institutions
The United Nations Commission on International Trade Law (UNCITRAL) release the UNCITRAL Recommendations to assist arbitral institutions and other interested bodies under the UNCITRAL Arbitration Rules 2010.
Please check for more details here.

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