More Trade News in Brief Week 17 (21 – 27 April 2014)

 

* G5 Agree Deadline for Automatic Info Exchange

 

The G5 has agreed to formally ink a new deal on a global standard for the automatic exchange of tax information.

 

Check here for more.

 

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* US and Australia Inked IGA

 

The United States and Australia signed an intergovernmental agreement (IGA) to implement the Foreign Account Tax Compliance Act (FATCA).

 

Find more following the link.

 

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* Bahrain Implements ATA Carnet System

 

Bahrain is the 74th country in the world to adopt the ATA system.

 

Read more here.

 

 

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More Trade News in Brief Week 11 (10 – 16 March 2014)

 

* International Yearbook of Industrial Statistics 2014

 

United Nations Industrial Development Organization (UNIDO) published the International Yearbook of Industrial Statistics 2014.

 

The statistical publication presents detailed, country-specific, business structure statistics, which provide empirical evidence for formulating industrial policy and carrying out comparative analysis of structural change and productivity.

 

Follow the link for more.

 

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* US and China Drive International Patent Filing Growth

 

The United States of America and China drove record-level patent-filing activity via WIPO.

 

Please read more here.

 

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* The Revised WTO Agreement on Government Procurement (GPA)

 

The revised WTO Agreement on Government Procurement (GPA) will come into force on 6 April 2014. The revised WTO Agreement on Government Procurement will open markets and promote good governance in the participating Member economies.

 

Follow the link for more.

 

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* Canada & South Korea successful conclusion of the FTA

 

Canada and South Korea inked a free trade agreement (FTA) after more than six year of negotiations.

 

Check here for more.

 

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* Finland, Chile Sign US FATCA

 

The United States signed intergovernmental agreements (IGAs) with Finland and Chile to implement the Foreign Account Tax Compliance Act (FATCA), bringing the total of such agreements that have been signed to 24.

 

Check here.

More Trade News in Brief – Week 3 (14 – 20 January 2013)

* Hong Kong & Italy Signed DTA

 

14 January 2013, Hong Kong

 

Hong Kong & Italy signed a bilateral double taxation agreement (DTA).

 

Check here for more.

 

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* US – Spain Updated DTA

 

14 January 2013, Madrid

 

US and Spain signed a protocol modifying the existing agreement aimed at avoiding double taxation and preventing tax evasion.

 

Find more here.

 

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* Final FATCA Regulations

 

The United States Treasury Department and the Internal Revenue Service (IRS) issued comprehensive final regulations implementing the information reporting and withholding tax provisions for foreign financial institutions (FFIs) under the Foreign Account Tax Compliance Act (FATCA).

 

Follow the link for more details.

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* UN – World Economic Situation and Prospects 2013

 

The UN Department of Economic and Social Affairs (DESA) published the World Economic Situation and Prospects 2013.

 

Check here.

 

US – FATCA Agreement

 

* US & UK Sign FATCA Agreement

 

 

US and UK announced the signing of a bilateral agreement to implement the information reporting and withholding tax provisions within the Foreign Account Tax Compliance Act (FATCA).

 

Kindly check here.

 

 

* US Intents to Extend FATCA to EU & Asia

 

US will send its Deputy Assistant Secretary for International Tax Affairs to EU and Asian countries to discuss the implementation of the Foreign Account Tax Compliance Act (FATCA). This action is part of the US Treasury Department strategy on the global efforts to combat offshore tax evasion.

 

More here.

 

More Trade News in Brief – Week 27 (25 June – 1 July 2012)

* US to Cooperate With Switzerland & Japan On FATCA

 

25 June 2012, Washington

 

After the agreements reached with France, Germany, Italy, Spain and the UK, US is pursuing  the implementation of the Foreign Account Tax Compliance Act (FATCA) with Switzerland and Japan.

 

 More here.

 

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* UNCTAD & WIPO Start Regular Consultation

 

25 June 2012

 

The United Nation Conference on Trade and Development (UNCTAD)  and the World Intellectual Property Organization (WIPO) have decided to establish of a regular consultation mechanism between the two organizations to strengthen consultation and coordination on issues of mutual interest.

 

Further information here.

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* OECD – International Migration Outlook 2012

 

27 June 2012

 

OECD published the International Migration Outlook 2012 which provide an analysis of recent developments in migration movements and policies in OECD countries.

 

        More here.

 

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* ICC Publishes Banking Commission Official Opinions

 

28 June 2012, Paris

 

The International Chamber of Commerce (ICC) published  the volume “Banking Commission Official Opinions” on regard of the impact and isuues related to the latest ICC rules on documentary credits, collections and demand guarantees in daily practice.

 

For further information please click here.