Archive for category Reports & Analysis
More Trade News in Brief Week 38 (14 – 20 September 2015)
Posted by Bogdan Marius Beleuz in Agriculture & Food Security, Auditing & Accounting, Corporate Business & Management, Geopolitical Issues, Globalization Challenges, International Trading, Labour & Employment, More Trade News in Brief, Reports & Analysis, Statistics, Reports & Analysis, Worlwide Customs on September 19, 2015
* WTO – Rise in Global Tourism Continues
International arrivals rose by 5 per cent in Europe, Asia and the Pacific, and the Middle East, and by 4 per cent in the Americas, according to figures released by the UN World Tourism Organization (UNWTO).
The most popular regions proved to be the Caribbean and Oceania, which saw a rise of seven per cent, while Central and Eastern Europe and Central America saw a rise of six per cent.
UNWTO Tourism Highlights, 2015 Edition
* G20 Labour Markets in 2015
The report G20 Labour Markets 2015: Strengthening the Link between Growth and Employment, compiled by the International Labour Organization (ILO), the Organisation for Economic Co-operation and Development (OECD) and the World Bank Group, reveals that growth among G20 economies averaged 3.2 per cent over the last three years compared to 4.1 per cent from 2000 to 2007.
Read more here.
* FAO Food Price Index
According to the FAO Food Price Index, which tracks international market prices for five major food commodity groups – cereals, meat, dairy products, vegetable oils and sugar – virtually all food groups registered marked dips in price in August.
Find more here.
* G7 and BRIICS Merchandise Trade Continues to Slow in Second Quarter of 2015
Total G7 and BRIICS international merchandise trade, in current US dollars, continued to contract in the second quarter of 2015, with exports and imports declining by 0.9% and 1.2% respectively, compared with the previous quarter.
Download the entire news release (PDF 160KB)
* Belize, Switzerland ratify Trade Facilitation Agreement
Belize and Switzerland have become the 13th and 14th WTO members to ratify the WTO’s Trade Facilitation Agreement (TFA). The TFA contains provisions for expediting the movement, release and clearance of goods, including goods in transit. It also sets out measures for effective cooperation between customs and other appropriate authorities on trade facilitation and customs compliance issues.
More information on trade facilitation and the TFA can be found at: www.wto.org/tradefacilitation.
* New ICC Dispute Board Rules
New Rules governing ICC Dispute Boards will come into effect on 1 October 2015.
For more information click here.
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 .
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.
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.
More Trade News in Brief Week 19 (4 – 10 May 2015)
South Korea, Vietnam Sign FTA
The bilateral FTA upgrades the South Korea – ASEAN agreement by further cutting import duties, more than 90 percent of all their traded goods.
Check here for more.
Digital Single Market for Europe
The Digital Single Market strategy is made up of three policy areas or ‘pillars’:
Better online access to digital goods and services
An environment where digital networks and services can prosper
Digital as a driver for growth
Please read more here.
ECB publishes its Euro Money Market Study 2014
The European Central Bank (ECB) is publishing its biennial report entitled “Euro Money Market Study 2014”.
Check it here.
ICC Revises DOCDEX Rules
The International Chamber of Commerce (ICC) has revised its DOCDEX rules, a dispute resolution mechanism specifically designed to address trade finance concerns.
Check here for more.
New ICC Cyber Security Guide
The International Chamber of Commerce (ICC) has published a new straight-speaking guide to help companies of all sizes manage their approach to cyber security and mitigate threats posed by cybercrime.
Click here for more.
More Trade News in Brief Week 12 (16 – 22 March 2015)
Posted by Bogdan Marius Beleuz in Agriculture & Food Security, Auditing & Accounting, European Union Issues, European Union Regulation, Financial & Investment Markets, Financial Transactions, Fiscality, Fiscality, Auditing & Accounting, Global Financial System, Global Tax Agreements, Intellectual Property, International Trading, Law & Legislation, More Trade News in Brief, Reports & Analysis, Statistics, Reports & Analysis on March 23, 2015
* Switzerland, EU Ink New Savings Tax Pact
Switzerland and the European Union (EU) have initialled an agreement on the automatic exchange of tax information (AEOI). Account data will be collected from 2017, with the first exchange scheduled for 2018.
See more clicking here.
* EU: Combatting Corporate Tax Avoidance
The European Commission presented a package of tax transparency measures as part of its ambitious agenda to tackle corporate tax avoidance and harmful tax competition in the EU. A key element of this Tax Transparency Package is a proposal to introduce the automatic exchange of information between Member States on their tax rulings
Read more here.
* China and US Telecoms Giants Lead Global Patent Activity in 2014
According to the UN World Intellectual Property Organization (WIPO) annual review of international patent filings, a leading Chinese telecoms giant overtook a Japanese firm as the largest applicant last year, and China and the US together accounted for 87 per cent of the total growth in filings under WIPO’s Patent Cooperation Treaty (PCT).
Under that system, some 215,000 applications were filed in 2014, a 4.5 per cent increase over the previous year, WIPO said in a news release.
* WTO: Assistance in Food Safety, Animal and Plant Health
Five agencies and their partners operating a programme to help developing countries meet international standards on food safety and animal and plant health have approved plans for 2015–2019 designed to further strengthen safe trade.
The decision will allow the Standards and Trade Development Facility (STDF) to continue to provide assistance to developing countries,
The STDF was set up in 2004 by the UN Food and Agriculture Organization (FAO), World Organization for Animal Health (OIE), World Bank, World Health Organization (WHO) and World Trade Organization (WTO), and is run by the five partners together with donor countries and representatives of developing countries.
News from UNCTAD
* Global Investment Trends in 2014 and Prospects for 2015
Global foreign direct investment (FDI) inflows declined by 8% in 2014. A solid FDI rise remains distant, reports the latest UNCTAD Global Investment Trends.
Download: Global Investment Trends Monitor No. 18.
* UNCTAD and WTO launch partnership on Integrated Trade Database
UNCTAD and the WTO agreed to cooperate in assisting the WTO members in implementing notification requirements for the WTO Integrated Data Base (IDB).
UNCTAD Automated System for Customs Data (ASYCUDA).
An integrated customs management system for international trade and transport operations in a modern automated environment.
More Trade News in Brief Week 51 (15 – 21 Dicember 2014)
Posted by Bogdan Marius Beleuz in Banking System, Financial & Investment Markets, Financial Transactions, Geopolitical Issues, International Trading, Law & Legislation, More Trade News in Brief, Reports & Analysis, Restrictions, Sanctions & Embargos, Statistics, Reports & Analysis on December 20, 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.
* 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.
* 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.
* 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.
More Trade News in Brief Week 42 (13 – 19 October 2014)
Posted by Bogdan Marius Beleuz in Corporate Business & Management, European Union Issues, Fiscality, Auditing & Accounting, Geopolitical Issues, Global Financial System, Global Tax Agreements, Globalization Challenges, International Trading, More Trade News in Brief, Reports & Analysis, Statistics, Reports & Analysis on October 20, 2014
China to Become World’s Largest Economy in 2024
Posted by Bogdan Marius Beleuz in Corporate Business & Management, Geopolitical Issues, Global Financial System, International Trading, More Trade News in Brief, Reports & Analysis on September 8, 2014
Corporate Income Tax Rates around the World
Posted by Bogdan Marius Beleuz in Auditing & Accounting, Banking System, Corporate Business & Management, Fiscality, Global Financial System, Global Tax Agreements, Reports & Analysis on August 28, 2014
- The United States has the third highest general top marginal corporate income tax rate in the world at 39.1 percent, exceeded only by Chad and the United Arab Emirates.
- The worldwide average top corporate income tax rate is 22.6 percent (30.6 percent weighted by GDP).
- By region, Europe has the lowest average corporate tax rate at 18.6 percent (26.3 percent weighted by GDP); Africa has the highest average tax rate at 29.1 percent.
- Larger, more industrialized countries tend to have higher corporate income tax rates than developing countries.
- The worldwide (simple) average top corporate tax rate has declined over the past decade from 29.5 percent to 22.6 percent.
- Every region in the world has seen a decline in their average corporate tax rate in the past decade.
News from EU
——————————————————————————————————————————————–— * EU – Intellectual Property Rights (IPR) The European Commission has today adopted two communications – an Action Plan to address infringements of intellectual property rights in the EU and a Strategy for the protection and enforcement of intellectual property rights (IPR) in third countries. Read more about it here.