Archive for category International Trading

More Trade News in Brief Week 3 (12 – 18 January 2015)

* World Employment and Social Outlook – Trends 2015

The new ILO report includes a forecast of global unemployment levels and explains the factors behind this trend, including continuing inequality and falling wage shares.

ILO -  World Employment and Social Outlook – Trends 2015Download the report from here.

Read more here.

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* IMF Downgrades Global Growth Forecast

According to its World Economic Outlook (WEO) update , the IMF lowered growth expectations for this year and the next for most countries due to slowdown in investment, and urged governments and central banks to pursue economic stimulation policies and structural reforms to boost growth.

Download Full-Text PDF: English

IMF - World Economic Outlook (WEO)

 

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* UNCTAD – Latest developments in national and international investment policies

UNCTAD’s latest Investment Policy Monitor shown that the vast majority of new investment policy measures were aimed at creating more favourable investment conditions.

Download: Investment Policy Monitor No. 13

Quick link: Investment Policy Monitor (Series)

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More Trade News in Brief Week 51 (15 – 21 Dicember 2014)

* US and Cuba to Normalize Relations

The leaders of the United States and Cuba agreed to restore full diplomatic relations between the two countries.

Check here for more.

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* Russia to Launch Alternative to SWIFT Bank Transaction System

Russia plans to launch its own international inter-bank system by May 2015. The national payment system department of the Central Bank of Russia (CBR) will be in charge of the new project.

Find more here.

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 * The 2014 edition of the World Intellectual Property Indicators

WIPO’s World Intellectual Property Indicators 2014 provides a wide range of indicators covering the following areas of intellectual property: patents, utility models, trademarks, industrial designs, microorganisms and plant variety protection.

It draws on data from national and regional IP offices, WIPO and the World Bank.

Download the full report.

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* World Economic Situation and Prospects 2015 (WESP) Report

The UN World Economic Situation and Prospects 2015 (WESP) report, which was launched today, estimates growth in 2015 of 3.1 per cent and in 2016 of 3.3 per cent.

Read more about it here.

 

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News from ASEAN

* Timor-Leste Remains Committed to Join ASEAN
 
Timor-Leste remains committed to joining ASEAN and is currently rolling out measures at the national level to consolidate its bid for membership of ASEAN.
 
Check here for more.

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* ASEAN to Pilot Customs Transit System
 
An ASEAN Customs Transit System (ACTS) will be piloted in Malaysia, Singapore and Thailand. The system, aimed at facilitating the movement of transit goods by road within ASEAN.
 
Read more following the link.

 

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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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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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News from ICC

 
* Revised ICC Statement Advises Against Exit Taxes Regimes
 
The International Chamber of Commerce (ICC) has issued a revised policy statement acknowledging recent developments in the international taxation landscape.
 
More about ‘Exit taxes: Serious obstacles for international business restructurings and movements of capital’ here.

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* New Global Innovation Index
 
ICC launched the 7th edition Global Innovation Index 2014 (GII).
 
New Global Innovation Index recognizes innovation as a driver of economic growth, read more here.
 
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* Guide on Effective Management of Arbitration
 
The ICC guideEffective Management of Arbitration: A Guide for In-House Counsel and Other Party Representatives” provides a practical toolkit for in-house counsel all around the world.
 
Check here for more.

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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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News from EU

 
* Single Euro Payments Area (SEPA)
 
The Single Euro Payments Area (SEPA) is fully operational in all eurozone countries on 1st August 2014.
 
Check here and here for more.
 
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* Lithuania to Join Euro Area
 
EU Council formally approved the accession of Lithuania to the euro area and single supervisory mechanism (SSM) on 1 January 2015.
 
Read more here.
 
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* Southern African Region and the EU – EPA
 
The European Union and the Southern African Development Community (SADC) EPA Group (Botswana, Lesotho, Mozambique, Namibia, South Africa and Swaziland) concluded negotiations for an Economic Partnership Agreement (EPA).
 
For more information click here.
 

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