Posts Tagged Australia
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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* 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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A group of 20 trading partners – the US, Canada, the European Union, Norway, Switzerland, Australia, New Zealand, Hong Kong, South Korea, Japan, Singapore, Taiwan, Mexico, Chile, Colombia, Peru, Costa Rica, Israel, Pakistan and Turkey – will start soon negotiations on a new International Services Agreement (ISA).
Please find more information following the next link.
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Phnom Penh (Cambodia)
ASEAN and its FTA’s partners expected to commence in 2013 negotiations on a new regional trade treaty, the Regional Comprehensive Economic Partnership (RCEP).
The RCEP is to be negotiated between ASEAN’s ten member countries – Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand and Vietnam – and its current six free trade agreement (FTA) partners – Australia, New Zealand, China, India, South Korea and Japan.
Check here and/ or here for more information.
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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.
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Canada and Mexico were invited to join nine nations negotiating a Multi-Nation Pacific Trade Agreement.
The other nine countries included in the negotiones are U.S., Australia, Brunei, Chile, Malaysia, New Zealand, Peru, Singapore and Vietnam.
More here and here.
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Trade News in Brief 