More Trade News in Brief – Week 9 (25 February – 3 March 2013)

 

* New ISO Standard for Electronic Signatures

 

The new ISO standard secures the electronic signatures when the documents they authenticate are transferred and processed through different information technology systems.

 

• ISO 14533-1:2012, Processes, data elements and documents in commerce, industry and administration – Long term signature profiles – Part 1: Long term signature profiles for CMS Advanced Electronic Signatures (CAdES)
• ISO 14533-2:2012, Processes, data elements and documents in commerce, industry and administration – Long term signature profiles – Part 2: Long term signature profiles for XML Advanced Electronic Signatures (XAdES)

Check here.

 

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* GVCs and Development: Investment and Value Added Trade in the Global Economy

 

The United Nations Conference on Trade and Development (UNCTAD) describes in a new report regarding the global value chains (GVC) and its importance in investment and trade.

 

Please follow the link.

 

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* Azerbaijan & Lesotho – New Members of the Global Forum on Tax Transparency

 

The Global Forum on Transparency and Exchange of Information for Tax Purposes, multilateral framework carried out by both OECD and non-OECD economies, welcomes Azerbaijan and the Kingdom of Lesotho as new members.

 

Click here for more.

 

Read more on the work of the Global Forum here and here.

 

 

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EU’s First EPA with an African Region

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.

New OECD Members

12 May 2010, Brussels

 

The Organisation for Economic Cooperation and Development (OECD) has agreed to invite Estonia, Israel and Slovenia to become members of the Organisation, its membership will grow to 34 countries.

 

Before the admission, the three countries were reviewed by several commissions with respect to their compliance with OECD standards and benchmarks.

 

The last country to became member was Chile earlier this year and membership talks with Russia are in progress. In the same time, the OECD is strengthening its growing partnership with major emerging economies, including Brazil, China, India, Indonesia and South Africa.