New International Services Trade Agreement (ISA)

 

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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More Trade News in Brief – Week 50 (10 – 16 December 2012)

 

* Austria & Chile Signed DTA

 

A bilateral double taxation agreement (DTA) has been signed between Austria and Chile.

 

Kindly read more here.

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* Nordic Nations Extended Their Network of TIEAs

 

The Nordic group of territories (Sweden, Denmark, Norway, Finland, Iceland, Greenland, and the Faroe Islands) has extended their network of TIEAs to 40 after signed a new tax cooperation agreement with Jamaica.

 

More details following the link.

 

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* EU approved New FTAs

 

11 December 2012

 

The EU’s Parliament approved two landmark pacts trade with Colombia, Peru and six countries in Central America (Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua and Panama).

 

Please check here for further details.

 

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* EU-Russia Relations

 

13 December 2012

 

“EU-Russia relations are still suffering from Russia’s failure to embrace democratic values fully and strengthen the rule of law” state the Members of the European Parliament (MEPs).

 

Kindly read more here.

 

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* UN Extends Sanctions on Liberia

 

12 December 2012

 

The UN Security Council  extended the sanctions imposed on Liberia for another year.

 

Follow the link for more information.

 

EU Signed a Trade Agreement with Colombia & Peru

26 June 2012, Brussels

 

The European Union (EU) signed a Trade Agreement with Colombia and Peru.

 

Further information and other EU agreements can be found here.

Pacific Alliance – A New Trading Bloc

6 June 2012

 

The new Alliance includes Chile, Colombia, Mexico, and Peru, and are aiming others to join, in particular Panama and possibly Costa Rica.

 

The Latin America knows several forms of ambitious economic and political integration blocs in recent years, from which we count:

– Latin American Integration Association (known as ALADI or, occasionally, by the English acronym LAIA)

– Central American Integration System (Spanish: Sistema de la Integración Centroamericana SICA)

– Mercosur or Mercosul (Spanish: Mercado Común del Sur, Portuguese: Mercado Comum do Sul, Guaraní: Ñemby Ñemuha, English: Common Southern Market)

– The Union of South American Nations (Dutch: Unie van Zuid-Amerikaanse Naties – UZAN, Portuguese: União de Nações Sul-Americanas – UNASUL, Spanish: Unión de Naciones Suramericanas – UNASUR)

– The Community of Latin American and Caribbean States (Spanish: Comunidad de Estados Latinoamericanos y Caribeños, CELAC, Portuguese: Comunidade de Estados Latino-Americanos e Caribenhos, French: Communauté des États Latino-Américains et Caribéens)

– The Andean Community (Spanish: Comunidad Andina – CAN)

EU Adopts a Tripartite FTA with Colombia and Peru

4 June 2012, Brussels

 

The Council of the European Union adopted a decision approving the signing of a tripartite free trade agreement (FTA) with Colombia and Peru.

Colombia & Mexico Join the OECD’s Multilateral Tax Pact

23 May 2012

 

Colombia has signed, and Mexico has deposited its instrument of ratification for the Multilateral Convention on Mutual Administrative Assistance in Tax Matters developed jointly by the OECD and the Council of Europe. The Convention is multilateral instrument available for tax co-operation and exchange of information and it helps counter cross-border tax evasion and ensures compliance with national tax laws.

 

 Colombia also adhered to:

–          the OECD’s Declaration on Propriety, Integrity, Transparency in the Conduct of International Business and Finance,

–          the OECD’s Declaration on Green Growth

–          the OECD’s Recommendation on Due Diligence Guidance for Responsible Supply Chains of Minerals from Conflict-Affected and High-Risk Areas

 

More here.

China & Colombia Initiate FTA Talks

11 May 2012, Beijing

 

China and Colombia agreed  that the two countries should commence discussions on the feasibility of a bilateral free trade agreement (FTA).

 

Among other areas, the deal should increase the access to the Chinese market for the Colombian livestock sector and boost bilateral trade and investment in energy and minerals.