Archive for category International Trading Rules & Policies

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.

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WTO – 2014 Annual Report

 
The WTO’s Annual Report 2014 provides a comprehensive overview of the WTO’s activities over the past year.
 
The app is freely available from the App Store, Google Play and Amazon.
 
The PDF can be downloaded from the WTO 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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More Trade News in Brief Week 41 (7 – 13 October 2013)

 
* ICC – Drafting and Negotiating
 
ICC has published a practical guide to drafting and negotiating international commercial contracts.
 
Kindly follow the link for more.
 
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* Gambia Pulls Out of Commonwealth
 
Gambia has withdrawn from the British Commonwealth.
 
Please check here.
 
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* Revised ISO/IEC 27001
 
ISO published the revised standard of information security management system ISO/IEC 27001.
 
Kindly check here and here for more details.
 
 

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New UN ESCAP – World Bank Database

 
6 February 2013
 
 A new database developed jointly by the United Nations Economic and Social Commission for Asia and the Pacific (ESCAP) and the World Bank reveals the world trading system challenges.
 
Please find here the new Trade Costs Database.
 

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New International Services Trade Agreement (ISA)

 
A group of 20 trading partners – the US, Canada, the European Union, Norway, Switzerland, Australia, New Zealand, Hong Kong, South Korea, Japan, Singapore, Taiwan, Mexico, Chile, Colombia, Peru, Costa Rica, Israel, Pakistan and Turkey – will start soon negotiations on a new International Services Agreement (ISA).
 
Please find more information following the next link.
 

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ICC Rules on Forfaiting Now in Effect

7 January 2013, Paris
 
The ICC’s new Uniform Rules for Forfaiting (URF) came into force on 1 January 2013.
 
The rules have been developed in cooperation with the International Forfaiting Association (IFA) and complement other ICC uniform rules – the Uniform Customs and Practice for Documentary Credits (UCP).
 
 
ICC Rules on Forfaiting
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Find more details here.

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ICC Published New Volume on DOCDEX

13 December 2012, Paris
 
International Chamber of Commerce (ICC) has issued a new volume containing decisions on Documentary Credit Dispute Resolution Expertise (DOCDEX – Decisions 2009-2012).
 
DOCDEX include cases based on other ICC rules kike:
Uniform Rules for Collections (URC)
Uniform Rules for Bank-to-Bank Reimbursements (URR)
Uniform Rules for Demand Guarantees (URDG)
 
The new volume is an important point of reference for bankers, lawyers, importers/exporters and other practitioners who make use of ICC rules.
 
For more information visit the ICC DOCDEX Rules.
 

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WTO Approves Tajikistan’s Membership

10 December 2012
 
Tajikistan will become the 159th member of the Word Trade Organization (WTO) once it will ratify the deal by 7 June 2013.
 
Check for more here.
 

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WTO Launched New “International Trade and Market Access”

19 November 2012
 
The WTO’s interactive tool offers data on merchandise and commercial services trade as well as selected market access indicators from World Tariff Profiles (a WTO, ITC and UNCTAD co-publication).
 
The tool is accessed through the WTO’s website (www.wto.org/stats) and consists of four parts:
The Trade Dashboard
– The Trends Dashboard
– The Tariffs Dashboard
Made in the World
 
The data is presented in the form of interactive maps, charts and data tables and the information can be export underlying the graphics.
 

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