* CIS and Ukraine Signed an FTA The Commonwealth of Independent States (CIS) signed an agreement allowing the free trade of goods and services with Ukraine, but it also has a list of exceptions ( such as crude oil, natural gas, sugar, and others). More here. ———————————————————————————————————————————————– * Declining Optimism over Global Economic Recovery 16 August 2012, Paris The ICC-Ifo World Economic Survey, released by International Chamber of Commerce (ICC), shows that the world economic climate indicator fell as fear continues to spread about the unsolved debt crisis in Europe. Please read more here. ———————————————————————————————————————————————– * Tajikistan, More Closed to WTO 17 August 2012 Tajikistan is entering the final stretch of its bid to achieve membership of the World Trade Organization (WTO). Check here. ———————————————————————————————————————————————– * China & North Korea Stregth Cooperation China and North Korea signed an agreement for the joint management and development of two economic zones at the border. Both North Korea’s Rason Economic and Trade Zone and the Hwanggumphyong and Wihwa Islands Economic Zone are on the country’s borders with China. Fore more click here.