Archive for category Energy & Natural Resources

Iran – The Economic Sanctions Have Been Lifted

January 16th, 2016

Crippling economic sanctions on Iran have been lifted now that the International Atomic Energy Agency (IAEA) has certified that it has restricted its sensitive nuclear activities.

The Iran nuclear deal framework was a preliminary framework agreement reached in 2015 between the Islamic Republic of Iran and a group of world powers: the P5+1 (the permanent members of the United Nations Security Council–the United States, the United Kingdom, Russia, France, and China plus Germany), plus the European Union.

Read more here.

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More Trade News in Brief Week 34 (17 – 23 August 2015)

FAO – World Food Prices Hit Lowest Level in Almost Six Years

According to the United Nations Food and Agriculture Organization (FAO) the prices for global agricultural products in July hit their lowest level since September 2009.

Check here for more: UN agency reports world food prices declining to six-year low .

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EPA – The Clean Power Plan

The United States Environmental Protection Agency (EPA) unveiled The Clean Power Plan, it aims to cut greenhouse gas emissions from US power stations and it shows the determination of the US to address global warming.

Read more here.

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WMO – First Half of 2015 ‘Hottest Six Months on Record”

The United Nations World Meteorological Organization (WMO) reported the globally averaged temperature over land and ocean surfaces was the hottest for such period on record, from January to June 2015.

Find more here.

 

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Iran & 6 Major Powers Reach Nuclear Deal

Iran and six major powers agreed early Sunday on a historic deal that freezes key parts of Iran’s nuclear program in exchange for temporary relief on some economic sanctions.

Check here for more.

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More Trade News in Brief Week 44 (27 October – 2 November 2014)

* Understanding National Accounts from OECD
 
The second edition of OECD’s guide Understanding National Accounts provides a comprehensive explanation of how national accounts are compiled and what they mean.
 
Read more here.
 
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* The Global Community of Practice on Food Loss Reduction
 
The Global Community of Practice (CoP) on Food Loss Reduction is launched jointly by the three Rome-based United Nations agencies, the Food and Agriculture Organization (FAO), the International Fund for Agricultural Development (IFAD) and the World Food Programme.
 
The Global Community of Practice on Food Loss Reduction attempts to reduce food losses and waste, which account for one third of food produced for human consumption, by bringing together for the first time a range of resources and allows stakeholders to share experiences and best practices.
 
The Global Community of Practice on Food Loss Reduction aims to become a global reference point that facilitates the sharing of information and linkages between stakeholders including public entities, civil society and the private sector.
 
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* ICC Adopts New Set of Rules for Dispute Resolution in Trade Finance
 
The International Chamber of Commerce (ICC) Banking Commission unanimously adopted today revised rules for Documentary Credit Dispute Resolution by Expertise (DOCDEX).
 
Find more here.

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* WTO Report Says Restrictive Trade Measures Continue to Rise in G-20 Economies
 
Restrictive trade measures introduced by G-20 economies since 2008 continue to rise, according to the latest WTO report on recent trade developments issued on 6 November 2014.
 
> WTO Report on G-20 Trade Measures (mid-May 2014 to mid-October 2014)
 
> Summary and Status of G-20 trade and trade-related measures since October 2008 (Excel Format)
 
> OECD/UNCTAD Report on G-20 Investment Measures
 

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WHO’s Urban Air Quality Database

 
According to WHO database, about half of the urban population is exposed to air pollution that is at least 2.5 times higher than the recommended levels.
 
Read the press release on deteriorating air quality.
 
View the database on the quality of air in cities.

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FAO – Agriculture’s Greenhouse Gas Emissions

 

For the first time FAO has released its own global estimates of greenhouse gas (GHG) emissions from agriculture, forestry and other land use (AFOLU), contributing to the Fifth Assessment Report of the Intergovernmental Panel on Climate Change (IPCC).
 
New FAO estimates of greenhouse gas data show that emissions from agriculture, forestry and fisheries have nearly doubled over the past fifty years and could increase an additional 30 percent by 2050.
 
Check here and here for more.

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IPCC Report 2014

 
The Intergovernmental Panel on Climate Change (IPCC) issued the 2014 report on climate change.
 
The report, titled Climate Change 2014: Impacts, Adaptation, and Vulnerability states the effects of climate change are already occurring on all continents and across the oceans and the world is not ready for the impacts of climate change.
 
Download the entire report from here.
 

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More Trade News in Brief Week 3 (13 – 19 January 2014)

 
* Oxfam’s New Global Food Table
 
Oxfam published an index which compares the way the food is produced and distributed around the world.
 
European countries occupy the entire top 20 bar one – Australia ties in 8th place – while the US, Japan, New Zealand, Brazil and Canada all fall outside. African countries occupy the bottom 30 places in the table except for four – Laos, Bangladesh, Pakistan and India are there too.
 
See more at Good Enough to Eat, Oxfam Media Briefing.
 
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* South Korea & India Agree To Upgrade FTA, Revise DTA
 
South Korea and India agreed to upgrade their comprehensive economic partnership agreement (CEPA) and put into effect the revised double taxation agreement (DTA) between the two countries as soon as possible.
 
Check here for more.
 

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More Trade News in Brief Week 40 (30 September – 6 October 2013)

 
* ICAO – Agreement on Global Aviation Emissions Deal
 
The UN Assembly responsible for International Civil Aviation (ICAO) decided on a global mechanism to tackle emissions from aviation that can start in 2020.
 
Check more about the global market-based measure (MBM) for international aviation here.
 
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* Liechtenstein & Malta Sign DTA
 
 Liechtenstein and Malta signed in New York a bilateral double taxation agreement (DTA).
 
Please follow the link for more.
 

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More Trade News in Brief Week 26 (24 – 30 June 2013)

 
* Croatia – Welcomed to EU
 
On Monday 1 July Croatia will become the 28th Member State of the European Union.
 
For more information:
 
– Institutional and administrative aspects of Croatia’s EU accession MEMO/13/593
 
– Croatia’s EU accession – Q&A MEMO/13/629
 
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* 2012 Annual Review of GSP System
 
US announced today the outcome of the 2012 Annual Review under the Generalized System of Preferences (GSP) program.
 
Check here.
 
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* World Investment Report 2013
 
UNCTAD published its 2013 World Investment Report with the latest trends in foreign direct investment (FDI).
 
Download  World Investment Report 2013
 
Read more here.
 
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* Norway the First to Sign the Hong Kong Ship Recycling Treaty
 
The Kingdom of Norway became the first contracting State to the Hong Kong International Convention for the Safe and Environmentally Sound Recycling of Ships (2009).
 
Please follow the link.
 

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