Archive for category Trade & Development

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.

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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.

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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.

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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.

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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.

 

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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 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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More Trade News in Brief – Week 20 (14 – 19 May 2013)

 
* US, UK, Australia – Tax Information
 
United States, Australia and the United Kingdom have developed a plan to share tax information.
 
Check here for more.
 
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* ASEAN–EU: A Strategic Partnership
 
EU and ASEAN signed their first inter-regional cooperation agreement four decades ago, now it is thinking that a Strategic Partnership should be implemented.
 
Read more about following the link.
 
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* EU – New Rules on Credit Rating Agencies
 
The Council of European Union adopted a directive and a regulation amending the EU’s rules on credit rating agencies (CRAs).
 
Check here the New rules on credit rating agencies.
 

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News from BRICS

 
* BRICS Business Council
 
6 March 2013, Pretoria
 
The BRICS Members announced the launch of the BRICS Business Council for trade and industry promotion.
 
Check here for more.
 
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* BRICS Customs Cooperation
 
11 March 2013, Pretoria
 
The BRICS Customs Agencies search for speeding up customs procedures and agreed to unify the software, organize preliminary informing and stimulate electronic customs clearance of cargoes.
 
Please follow the link.
 
 

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News from European Union

 
* EU and Japan to Start Negotiation on FTA
 
The EU and Japan are set to hold a summit within the month as a launch pad to talks that could lead to a major free trade deal.
 
Follow the link for more.
 
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* EU-Thailand FTA Negotiations to Start Soon
 
The EU will start negotiations with Thailand on a free trade agreement soon.
 
Check here.
 
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* EU-Morocco Talks on FTA Begin
 
The EU and Morocco begin talks on free-trade agreement.
 
Please follow the link.
 

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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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EU Adopts New Generalised Scheme of Preferences (GSP)

31 October 2012
 
The European Union (EU) has revised its scheme of Generalised Scheme of Preferences (GSP) for imports from some developing countries. The changes will take effect from January 1, 2014.
 
For more details, please read the factsheet and presentation.
 

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Hong Kong’s New Commercial Agreements

* Hong Kong Looks for the ASEAN-China FTA
 
Hong Kong made a formal request to join the Association of Southeast Asian Nations (ASEAN)-China Free Trade Area (ACFTA).
 
Kindly check here.
 
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* Hong Kong-EFTA FTA Takes Effect
 
The free trade agreement (FTA) between Hong Kong and the European Free Trade Association (EFTA) member states entered into force from October 1, 2012.
 
The treaty is Hong Kong’s first FTA with European economies.
 
Please find more here.
 

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