Archive for category Trade Opportunities
Brazil and China have signed a Currency Swap Agreement in order to pay for trade transactions in local currencies (the real and the yuan or renminbi). Furthermore, Brazil revealed that similar currency swap agreements were under study with all the members of the BRICS group of nations (Brazil, Russia, India, China and South Africa). On the other side, China have signed similar agreements with Australia, Hong Kong and Japan.
5 June 2012, Islamabad On the first EU-Pakistan Strategic Dialogue the two sides expressed their intention on improve bilateral cooperation and shared views on regional and international issues of mutual concern. More on the EU’s Press Release.
4 June 2012, Riyadh The GCC‘s Market Regulators approved several draft rules and principles on Initial Public Offerings (IPO) all over across GCC’s Countries Members and propose two-year grace period before unified IPO rules become compulsory. More on CPI Financial.
31 May 2012, Kuala Lumpur ASEAN announced the establish of a trading link which will integrate ASEAN capital markets. The ASEAN Trading Link will start with Bursa Malaysia and Singapore Exchange (SGX) in June, with the Stock Exchange of Thailand (SET) coming in in August, and the rest when they are ready.
30 May 2012 The European Union (EU) endorsed four agreements with Russia that give the EU exclusive trading benefits in four sectors — Russian wood exports, trade in car parts, duties on raw materials and the services market. More here.
31 May 2012, Brussels After Malaysia and Singapore, Vietnam is the third ASEAN’s country with which EU will negotiate a free trade agreement. More here.
22 May 2012, London EU and US will star the negation on a broad trade agreement soon, the US Trade Ambassador Ron Kirk said. The accord is expected to be completed by the middle of 2014, assure the EU Trade Commissioner Karel De Gucht. The two side have the world’s largest bilateral economic relationship, but they are unable to reach agreement in areas such as agriculture, health and safety standards and regulations.
15 May 2012 EU announced the major review of its European Neighbourhood Policy (ENP) through the European External Action Service (EEAS). The European Neighbourhood Policy (ENP) represent the EU’s desire for strengthening the prosperity, stability and security for its neighbours. This ENP framework is proposed to the 16 of EU‘s closest neighbours – Algeria, Armenia, Azerbaijan, Belarus, Egypt, Georgia, Israel, Jordan, Lebanon, Libya, Moldova, Morocco, Occupied Palestinian Territory, Syria, Tunisia and Ukraine. More information about the revised reports on the EEAS’s News webpage.
14 May 2012, Brussels On 14 May taken affect the Economic Partnership Agreement (EPA) concluded between EU and four Eastern and Southern African states Mauritius, Madagascar, Seychelles and Zimbabwe. The interim EPA provides duty and quota free access to the EU market for exports from above mention African countries. The last ones will gradually open their markets to European exports, with exceptions for certain products the countries consider sensitive. The trade and development agreement covers provisions on rules of origin, development cooperation, fisheries, trade defence instruments and dispute settlement. More here.