More Trade News in Brief Week 8 (17 – 23 February 2014)

 

* Barbados and US Started FATCA Talks

 

Barbados and US have agreed to start negotiations with respect to an Inter-Governmental Agreement (IGA) that will give effect in Barbados to the provisions of the Foreign Account Tax Compliance Act (FATCA).

 

See more about here.

 

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* Guernsey & Seychelles Sign DTA

 

Guernsey and Seychelles signed a double taxation agreement (DTA) between their countries.

 

See more details here.

 

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Standard for Automatic Exchange of Financial Account Information

The OECD has unveiled a new single global standard for the automatic exchange of information between tax authorities worldwide to reinforce action against tax avoidance and evasion and inject greater trust and fairness into the international tax system.

 

The Standard for Automatic Exchange of Financial Account Information can be found here.

 

More Trade News in Brief Week 7 (10 – 16 February 2014)

 

* First EU Anti-Corruption Report

 

The European Commission published the first ever EU Anti-Corruption Report. The EU Anti-Corruption Report covers all 28 EU Member States.

 

Please find more here and here.

 

 

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* Information and Communication Technology (ICT) Market

 

According to the latest data released by UNCTAD, the ICT goods such as mobile phones, smartphones, laptops, tablets, integrated circuits and other components at 11 per cent of world merchandise trade and among the top products traded globally – exceeding trade in agricultural products (9.2 per cent) and motor vehicles (7.2 per cent).

 

Please follow the link for more.

 

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* 2014 World Press Freedom Index

 

Reports Without Borders published the 2014 World Press Freedom Index, the Index spotlights the negative impact of conflicts on freedom of information and its protagonists.

 

Please find more about Reports Without Borders and World Press Freedom Index.

More Trade News in Brief Week 5 (27 January – 2 February 2014)

* Handbook of National Accounting by ECB & UN

 

The European Central Bank (ECB) and the United Nations (UN) released a handbook which elaborates on the treatment of financial services, assets and liabilities in the national accounts.

 

Please find the “Handbook of National Accounting: Financial Production, Flows and Stocks in the System of National Accounts” here.

 

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* Slovenia Initials FATCA Agreement with US

 

Slovenia and the United States had initialled the text of a bilateral inter-governmental agreement (IGA) for the implementation of the Foreign Account Tax Compliance Act (FATCA).

 

Check here for more.

 

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* Liechtenstein & China Ink TIEA

 

Liechtenstein and China have recently signed a Tax Information Exchange Agreement (TIEA).

 

Follow the link for more.

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* European Satellite Navigation Galileo Services

 

The EU satellite navigation programme (Galileo) and the EU Earth monitoring programme (Copernicus) will be operational at the end of 2014.

 

For more information:

* Galileo

* Copernicus