Archive for category Trade Agreements

TPP Free Trade Deal to Be Signed On Feb 4

New Zealand will host the signing ceremony for the Trans-Pacific Partnership Agreement on February 4, 2016. The deal was reached on 5 October 2015 after 7 years of negotiations.

The Trans-Pacific Partnership Agreement (“TPP”) is a free trade agreement between nine countries: The United States, Australia, Brunei Darussalam, Chile, Malaysia, New Zealand, Peru, Singapore, and Vietnam.

Check for more here & here.

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More Trade News in Brief Week 37 (7 – 13 September 2015)

New DTA Protocols

Switzerland has signed protocols to its double taxation agreements (DTAs) with Norway and Albania.

See more following the link.

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EFTA and Georgia Start FTA Talks

The member states of the European Free Trade Association (EFTA) and Georgia held a first round of negotiations towards a free trade agreement (FTA).

Check for more here.

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New Zealand Seeks Signature of Gulf FTA

New Zealand is looking for a free trade agreement with the Gulf States.

Check for more here.

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Africa Creates TFTA – Cape to Cairo Free Trade Zone

African leaders have agreed to create the continent’s largest free-trade zone, covering 26 countries in an area from Cape Town to Cairo. The Tripartite Free Trade Area (TFTA) will cap five years of negotiations.

Three existing trade blocs – the Southern African Development Community (Sadc); the East African Community (EAC) and the Common Market for Eastern and Southern Africa (Comesa) – are to be united into a single new zone.

Read more here and 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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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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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 2 (6 – 12 January 2014)

 
* ILO’s  Key Indicators of the Labour Market (KILM)
 
ILO released the latest edition of KILM – an online reference tool offering data and analysis on the world’s labour market – includes information about the dynamics of job losses and job creation in 70 developed and emerging economies.
 
Check the Press Release.
 
Download the Key Indicators of the Labour Market (KILM) – 8th edition.
 
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* World Intellectual Property Indicators – 2013 Edition
 
WIPO published the World Intellectual Property Indicators 2013 which provides a wide range of indicators covering different areas of intellectual property.
 
Download the full report here.
 
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* Uzbekistan Joins CIS Free Trade Zone
 
Uzbekistan has ratified a treaty which makes Uzbekistan the ninth member of the free trade area of the Commonwealth of Independent States (CIS).
 
Aside from Uzbekistan, the free trade agreement (FTA) includes Russia, Ukraine, Belarus, Kazakhstan, Armenia, Kyrgyzstan, Moldova, and Tajikistan. Kyrgyzstan and Tajikistan have signed but not yet ratified the agreement.
 
Please find more here.
 

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More Trade News in Brief Week 51 (16 – 22 December 2013)

 
* Switzerland Joins GNSS
 
Switzerland signed a cooperation agreement to participate in the Galileo and EGNOS programmes, the EU’s Global Navigation Satellite System (GNSS).
 
Check here for more.
 
 
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* Netherlands Signs IGA FATCA Agreement
 
Netherlands signed an Intergovernmental Agreement (IGA), implementing the US Foreign Accounts Tax Compliance Act (FATCA).
 
Please follow the link.
 
 
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* US & Libya Signed TIFA
 
The United States and Libya today signed a Trade and Investment Framework Agreement (TIFA).
 
Click here for more.
 
 
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* EU’s GSP Updated
 
The EU’s “Generalised Scheme of Preferences” (GSP) will change on 1 January 2014.
 
Please find more details here.
 

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