* EFTA Approve the Updated EU ETS The EFTA States (Iceland, Liechtenstein and Norway) announced the adoption of the new guidelines European Union’s (EU) Emissions Trading System (EU ETS) – EU system to facilitate the taxation of carbon emissions. Check here. ———————————————————————————————————————————————– * ASEAN & India Extend Trade Agreement The Association of Southeast Asian Nations (ASEAN) and India have concluded a free trade agreement to include trade in services and investments, to add to their exiting FTA on trade in goods. Find more here. ———————————————————————————————————————————————– * Barbados & San Marino Signed DTA A new tax treaty, double tax agreement (DTA) has been signed between Barbados y San Marino. Follow the link for more. ———————————————————————————————————————————————– * UNCTAD Acknowledges Admission of South Sudan as Forty-ninth LDC 18 December 2012 The United Nations General Assembly added South Sudan to the list of Least Developed Countries (LDCs). LDC status is granted to those economies that are deemed the most structurally disadvantaged and the most likely to experience difficulties in their efforts to come out of poverty.