Archive for May, 2013

More Trade News in Brief – Week 21 (20 – 26 May 2013)

* Switzerland & China FTA
Switzerland and China have signed a free-trade agreement. The deal is the first between China and a continental European economy.
Check here and here for more.
* ICC – Authorized Economic Operator (AEO)
ICC has published a collection of standards to help border authorities determine a standardized definition of a diligent trader, commonly referred to as Authorized Economic Operator (AEO).
Read more here.
* US & Myanmar Signed TIFA
The United States and the Republic of the Union of Myanmar signed a Trade and Investment Framework Agreement (TIFA).
Follow the link for more.
* ISO – A Revised Standard for the Financial Services Industry
ISO has just published a revised version of the ISO 20022:2013 series on financial services, which ensures the reliable transfer of data, making financial transactions more secure.
Click here.



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More Trade News in Brief – Week 20 (14 – 19 May 2013)

* US, UK, Australia – Tax Information
United States, Australia and the United Kingdom have developed a plan to share tax information.
Check here for more.
* ASEAN–EU: A Strategic Partnership
EU and ASEAN signed their first inter-regional cooperation agreement four decades ago, now it is thinking that a Strategic Partnership should be implemented.
Read more about following the link.
* EU – New Rules on Credit Rating Agencies
The Council of European Union adopted a directive and a regulation amending the EU’s rules on credit rating agencies (CRAs).
Check here the New rules on credit rating agencies.

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Greater Arab Free Trade Area (GAFTA)

The 18 countries of Greater Arab Free Trade Area (GAFTA) hope to unified their customs by 2015 in a full free trade agreement.
The Greater Arab Free Trade Area (GAFTA) is a pan-Arab free trade area that came into existence in 1997. It was founded by 14 countries (Bahrain, Egypt, Iraq, Kuwait, Lebanon, Libya, Morocco, Oman, Qatar, Saudi Arabia, Sudan, Syria, Tunisia, and the United Arab Emirates). Four more countries joined the trade area later: Algeria, Jordan, Palestine and Yemen.
Please follow the link for more.

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More Trade News in Brief – Week 19 (6 – 12 May 2013)

* WTO – New Trade Monitoring Database
The World Trade Organization (WTO) has launched new trade monitoring database provides detailed information on trade measures implemented by WTO members and observers.
Read more following the link.
* UAE Rejoined WTO
The United Arab Emirates (UAE) has rejoined the United Nations World Tourism Organization (UNWTO) after 26 years of having left the entity
Check here.

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More Trade News in Brief – Week 18 (29 April – 5 May 2013)


* SESAR – Single European Sky
European Commission adopted a regulation establishing governance and incentive mechanisms to facilitate the effective and timely deployment of SESAR.
SESAR is the EU’s project that aims at modernising the Air Traffic Management (ATM) system.
Please read more here and here.
You can find more about SESAR here.
* International Code of Direct Selling
ICC released the revised International Code of Direct Selling which was developed in close co-operation with the World Federation of Direct Selling Associations (WFDSA).
Follow the link for more.
* WTO Agreement on Government Procurement (GPA)
Liechtenstein became the first WTO member to ratify the amended version of the WTO Agreement on Government Procurement (GPA).
Read more here.

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