Archive for category Geopolitical Issues

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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More Trade News in Brief Week 42 (13 – 19 October 2014)

 
* Eurostat Regional Yearbook 2014
 
Eurostat, the statistical office of the European Union, published The Regional Yearbook 2014.
 
Check here.
 
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* International Tourism Up by 5% in the First Half of 2014
 
International tourist arrivals grew by 4.6% in the first half of 2014 according to the latest UNWTO World Tourism Barometer. Destinations worldwide received some 517 million international tourists between January and June 2014, 22 million more than in the same period of 2013.
 
Read more about here.
 
 
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* South Africa & Hong Kong – DTA
 
Hong Kong and South Africa signed a comprehensive double taxation agreement (CDTA).
 
See more here.
 
 

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China to Become World’s Largest Economy in 2024

 
According to a Report from IHS Economics, China will become the world’s largest economy in 2024.
 
IHS is a global information company with world-class experts in the pivotal areas shaping today’s business landscape: energy, economics, geopolitical risk, sustainability and supply chain management.
 
Read more about here.
 

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More Trade News in Brief Week 31 (28 July – 3 August 2014)

 
* OECD – Global Standard for Automatic Exchange of Information
 
The OECD released the full version of a new global standard for the exchange of information between jurisdictions.
 
Check the Standard for Automatic Exchange of Financial Account Information in Tax Matters.
 
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* New WTO Trade Facilitation Agreement Facility
 
A new WTO initiative will help developing countries and least-developed countries reap the benefits of the WTO’s new Trade Facilitation Agreement.
 
Find more about here.

 

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The 6th BRICS Summit

 

The 6th BRICS Summit will be held in Fortaleza, Brazil between 15 and 17 July. South Africa achieved full membership in December 2010 and, this year, the invited guest is Argentina.

Check the official website.

 

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News from OECD

 
* OECD – Economic Outlook
 
OECD published its last Economic Outlook: global economy strengthening but significant risks remain.
 
Check the OECD’s latest Economic Outlook.
 
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* OECD – Services Trade Restrictiveness Index
 
The OECD’s new Services Trade Restrictiveness Index (STRI) provides a unique and comprehensive snapshot of services trade restrictions across 18 sectors in 40 leading economies, representing over 80% of global services trade.
 
Read more about Services Trade Restrictiveness Index (STRI).
 

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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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News about FTAs

 
* Australia signs FTA with Japan
 
Japan and Australia signed a historic free trade agreement.
 
Read more here.
 
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* South Korea & Australia Inked FTA
 
South Korea and Australia signed a comprehensive, high level FTA as per their comments.
 
Check here for more.
 
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* Mexico & Panama – FTA
 
Mexico and Panama signed a free trade agreement (FTA). Panama’s desire is to join latter to the Pacific Alliance (PA) trade bloc.
 
Read more here.
 
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* Mercosur & EFTA to Start FTA Talks
 
EFTA (Iceland, Liechtenstein, Norway, and Switzerland) and Mercosur member states (Argentina, Brazil, Paraguay, Uruguay, and Venezuela) will start discussions on a free trade agreement (FTA) in the coming months.
 
Find more following the link.
 
 

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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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