More Trade News in Brief Week 41 (7 – 13 October 2013)

 

* ICC – Drafting and Negotiating

 

ICC has published a practical guide to drafting and negotiating international commercial contracts.

 

Kindly follow the link for more.

 

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* Gambia Pulls Out of Commonwealth

 

Gambia has withdrawn from the British Commonwealth.

 

Please check here.

 

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* Revised ISO/IEC 27001

 

ISO published the revised standard of information security management system ISO/IEC 27001.

 

Kindly check here and here for more details.

 

 

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More Trade News in Brief Week 25 (17 – 23 June 2013)

 

* ICC Open Markets Index 2013

 

The ICC Open Markets Index is a biennial report which ranks the economies of the 75 based on four factors: observed trade openness, trade policy, openness to foreign direct investment and trade-enabling infrastructure.

 

The main conclusions of the ICC Open Markets Index 2013 are:

 

– G8/G20 countries failing to demonstrate global leadership on trade
– Canada the only G20 country in top 20 for openness to trade
– BRICS countries lagging due to restrictive trade policies

 

Check here for more.

 

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* China and Taiwan Sign Service Trade Agreement (STA)

 

According to the agreement signed between Chinese mainland and Taiwan, the mainland will open 80 service sectors to Taiwan, while Taiwan will open 64 sectors to the mainland.

 

Check here for more.

 

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* International Standard Banking Practice (ISBP) 2013

 

The revised 2013 guide published by ICC details banking practices to be applied when dealing with documentary credits that are subject to Uniform Customs and Practice for Documentary Credits (UCP 600).

 

Kindly follow the link for more.

 

More Trade News in Brief – Week 21 (20 – 26 May 2013)

 

* Switzerland & China FTA

 

Switzerland and China have signed a free-trade agreement. The deal is the first between China and a continental European economy.

 

Check here and here for more.

 

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* ICC – Authorized Economic Operator (AEO)

 

ICC has published a collection of standards to help border authorities determine a standardized definition of a diligent trader, commonly referred to as Authorized Economic Operator (AEO).

 

Read more here.

 

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* US & Myanmar Signed TIFA

 

The United States and the Republic of the Union of Myanmar signed a Trade and Investment Framework Agreement (TIFA).

 

Follow the link for more.

 

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* ISO – A Revised Standard for the Financial Services Industry

 

ISO has just published a revised version of the ISO 20022:2013 series on financial services, which ensures the reliable transfer of data, making financial transactions more secure.

 

Click here.

 

News from ICC

 

* Uniform Rules for Bank Payment Obligation

 

The International Chamber of Commerce (ICC) launched the Uniform Rules for Bank Payment Obligation (URBPO), a standard in supply chain finance.

 

Please check here for more.

 

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* Global Risks – Trade Finance 2013

 

The International Chamber of Commerce (ICC) issued the Global Risks – Trade Finance 2013. The report provides reviews on the risks in trade finance from the global trade finance industry’s perspective.

 

Check the press release.

 

Download a copy of Global Risks – Trade Finance 2013.

 

More Trade News in Brief – Week 10 (4 – 10 March 2013)

 

* ICC – New Model International Sale Contract

 

4 March 2013, Paris

 

The International Chamber of Commerce (ICC) has released the updated Model International Sale Contract including an interactive digital version.

 

The new model permits companies and lawyers to define their own reliable import-export agreements that are in line with Incoterms® 2010 and the latest developments in international trade.

 

Visit the ICC Commercial Law and Practice Commission.

 

Check here for more.

 

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 * US Foreign Trade Policy

 

The Office of the United States Trade Representative (USTR) released the ”2013 Trade Policy Agenda and 2012 Annual Report”.

 

Please find the 2013 Agenda and 2012 Report here.

 

Also, USTR published its 2013-2016 Strategic Plan.

 

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* New Zealand and Chile Signed FTA

 

New Zealand and Chile signed a free trade agreement (FTA).

 

Check here.

 

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* UN Strength Sanctions on North Korea

 

7 March 2013

 

The United Nations Security Council tightened sanctions on the Democratic People’s Republic of Korea (DPRK)’s trade and banking.

 

Check the Press Release.

 

Online Training in International Arbitration

29 January 2013, Paris

 

The International Chamber of Commerce (ICC) has unveiled its new “ICC Arbitration Online Training”.

 

The official e-learning course explain the inside workings of international arbitration and the 2012 ICC Rules of Arbitration, currently caters Trade Finance and Incoterms®2010 rules.

 

View the online training demo.

 

For more information visit the ICC Arbitration online training.

 

View ICC’s general online training.

 

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.

 

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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“Green Economy Roadmap” from ICC

15 June 2012, Rio de Janeiro

 

The International Chamber of Commerce (ICC) released its “Green Economy Roadmap”, a guide for business, policymakers and society.

The Roadmap contains 10 conditions needed to drive growth in a resource-constrained world divided in 4 groups:

–   Economic innovation

          – Open and competitive markets

          – Metrics, accounting, and reporting

          – Finance and investment

–   Environment innovation

          – Resource efficiency and decoupling

          – Life cycle approach

–   Social innovation

          – Awareness

          – Education and skills

          – Employment

–   Mutually reinforcing and cross-cutting elements

          – Integrated environmental, social and economic policy and decision-making

          – Governance and partnerships

 

The Guide is available here.

“Incomplete” G20 Performance Revealed by ICC G20 Business Scorecard

5 June 2012, Washington DC

 

The International Chamber of Commerce (ICC) launched the ICC G20 Business Scorecard with the purpose of measuring the progress on the G20’s in response to business recommendations that have been put forward to Heads of Government.

 

Press Release

 

ICC G20 Scorecard

 

ICC G20 Scorecard – Executive Summary