Posts Tagged Global Economy

More Trade News in Brief Week 48 (25 November – 1 December 2013)

* OECD: Global Economy Recovering at Moderate Pace
On the last Economic Outlook, OECD concluded that the global economy is expected to continue expanding at a moderate pace.
Read more following the link.
* Liechtenstein & Isle of Man Sign OECD Multilateral Tax Convention
Liechtenstein & Isle of Man join the Convention on Mutual Administrative Assistance in Tax Matters, a multilateral agreement initiated by the Organization for Economic Co-operation and Development (OECD) and Council of Europe to tackle tax evasion and avoidance between its signatories.
Check here and here.
* Canada & NZ Ratify Multilateral Tax Convention
Canada and  New Zealand have ratified the multilateral Convention on Mutual Administrative Assistance in Tax Matters.
Please follow the link for more.
* WTO – No Global Trade DealEven the WTO’s members have come “very close to fully agreed texts”, the negotiations on the first global trade deal in the organization’s history come to a dead end.

Read more here.


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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.
* 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.
* 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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More Trade News in Brief – Week 7 (11 – 17 February 2013)

* OECD – International Tax System
The Organisation for Economic Co-operation and Development (OECD) urges stronger international co-operation on corporate tax to avoid different treatment between multinationals and local smaller businesses.
The study – Addressing Base Erosion and Profit Shifting (BEPS) – reflects the tax system over the G-20 countries.
Check here for more.
 * ICC-Ifo – World Economic Climate
The International Chamber of Commerce (ICC) and Ifo Institute published the latest World Economic Survey (WES).
For further details check here and here.
* The Global Competitiveness Report 2012–2013
The World Economic Forum (WEF) released ”The Global Competitiveness Report 2012–2013”.
Please check it here.

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WB – Global Economic Prospects June 2012

The World Bank (WB) publish the twice-yearly Global Economic Prospects to examine growth trends for the global economy and how they affect developing countries.

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ICC – Economic Sanctions in the Global Economy

The National Law Forum

The National Law Review is pleased to bring you information regarding the upcoming ICC Institute’s Economic Sanctions in the Global Economy Conference:

At a time when the global financial crisis has severely impacted trade flows and hampered world growth, what is the effect and the justification for the extraterritorial application of economic sanctions?

The long arm reach of law enforcement agencies sets global companies unprecedented challenges in terms of conflict of laws and regulatory jurisdiction. Dozens of criminal, administrative or regulatory investigations on both sides of the Atlantic are currently targeting billions of dollars worth of commercial transactions and cross-border payments. Penalties in the hundred of millions of dollars are regularly disclosed sanctioning global companies and banks for their past cross-border dealings . What is the right balance between the governments’ objective of moving to a safer world and the business reality? How are judges and arbitrators expected to…

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