Archive for April, 2013

More Trade News in Brief – Week 17 (22 – 28 April 2013)

* EU & Morocco to Start DCFTA Talks
22 April 2013, Brussels
The EU and Morocco started the first round of negotiations for an EU-Morocco Deep and Comprehensive Free Trade Area (DCFTA).
Check here for more.
* IOSCO – Report on Technological Challenges to Market Surveillance
 22 April 2013, Madrid (Spain)
 The Board of the International Organization of Securities Commissions (IOSCO) published today a final report on Technological Challenges to Effective Market Surveillance: Issues and Regulatory Tools.
Read the report here.
* ISO’s 2012 Annual Report
The ISO’s 2012 Annual Report examines the organization’s activities in the field of business and economy standards.
Discover ISO’s Annual Report 2012 here.
* New ISO for Financial Services
ISO/ IEC published a new standard: ISO/IEC TR 27015:2012, Information technology – Security techniques – Information security management guidelines for financial services – guidance for organizations providing financial services.
Read more here.

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News from European Union

* Capital Requirements Regulation and Directive
The European Union approves new rules to stabilise and strengthen the banking system, Capital Requirements Regulation (CRR) and Directive (CRD).
Check the next links for more details:
EU Bank Capital Requirements Regulation and Directive
Parliament Votes Reform Package
* New Business Rules
The European Commission approves new transparency rules for the extractive industry and simplification of accounting requirements for companies.
Check here.
* European Satellite Navigation Systems
The European Council and European Parliament reach agreement on financing and governance of the European satellite navigation Systems (EGNOS and Galileo).
Please follow the link.


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News from ICC

* Uniform Rules for Bank Payment Obligation
The International Chamber of Commerce (ICC) launched the Uniform Rules for Bank Payment Obligation (URBPO), a standard in supply chain finance.
Please check here for more.
* Global Risks – Trade Finance 2013
The International Chamber of Commerce (ICC) issued the Global Risks – Trade Finance 2013. The report provides reviews on the risks in trade finance from the global trade finance industry’s perspective.
Check the press release.
Download a copy of Global Risks – Trade Finance 2013.

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More Trade News in Brief – Week 15 (8 – 14 April 2013)

* WB – Sector Results Profile
The World Bank published some examples of results of its programs in different sectors, please check bellow:
Environment: Sector Results Profile
Information and Communication Technologies: Results Profile
Oceans: Sector Results Profile
Climate Change: Sector Results Profile
Water Resources Management: Sector Results Profile
Water Supply and Sanitation: Sector Results Profile
* BIS – Basel III Implementation
The Bank for International Settlements on progress in adoption of the Basel III regulatory reforms
Please check the press release and the report.
* China and Iceland Sign Free Trade Agreement
China and Iceland signed a free trade agreement. Iceland is first in Europe to sign free trade pact with China.
For further information please check here and here.

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News from European Union

* Union for the Mediterranean (UfM)
The Parliamentary Assembly – Union for the Mediterranean relaunched its cooperation objectives in the fields of infrastructure, education and training.
Read more here.
* Trade Defense Instruments
The European Commission is studying to improve the trade defense operations through anti-dumping and anti-subsidy duties and expect that its proposals to become law next year.
Cheek here for more.


* EU – Multinational Tax Info Exchange
The EU’s six biggest members, UK, France, Germany, Italy, Spain, and Poland have agreed to develop and pilot a major new multilateral tax information exchange program.
Kindly follow the link.

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More Trade News in Brief – Week 14 (1 – 7 April 2013)


* USTR – Reports on Barriers to Trade
The Office of the United States Trade Representative (USTR) publishes various Reports on Barriers to Trade:
Technical Barriers to Trade (TBT Report)
Sanitary and Phytosanitary Barriers to Trade (SPS Report)
2013 National Trade Estimate Report on Foreign Trade Barriers
* UN – Global Arms Trade Treaty Approved
The United Nations General Assembly has approved a global arms trade treaty to regulate the international trade in conventional arms.
Please find more about the Arms Trade Treaty (ATT) following the link.
* OECD – Global Economy Outlook
OECD published its latest Interim Economic Assessment.
Check here.
* US – West African States to Start TIFA Negotiations
The United States is exploring a trade and investment framework agreement (TIFA) with the Economic Community of West African States (ECOWAS).
The ECOWAS member states are Sierra Leone, Senegal and Cape Verde.
Read more about it here.

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News from European Union

* EU & Japan to Start FTA Talks
25 March 2013, Brussels
European Union and Japan launched the negotiations for a Free Trade Agreement (FTA).
Check here for more.
* Long-term Financing of the European Economy
25 March 2013, Brussels
European Commission launches Green Paper on the long-term financing of the European economy.
Find more information following the link.
* The EU’s Free Trade Agreements
25 March 2013, Brussels
European Commission published an update review of its trade free trade talks.
Check here.

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