More Trade News in Brief Week 19 (5 – 11 May 2014)

 

* ICC – Guide to International Franchising

 

The International Chamber of Commerce (ICC) has published a practical guide to help business people understand why, how and when to use franchising to expand into new foreign markets.

 

Check the “Using Franchising to Take Your Business International: ICC Strategies and guidance for master franchising, area development and other arrangements”.

 

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* US & Singapore – FATCA Agreement

 

United States and Singapore have initialled the text of an intergovernmental agreement (IGA) to implement the Foreign Account Tax Compliance Act (FATCA).

 

Check here for more.

 

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* EU & Japan – FTA by 2015

 

The European Union (EU) and Japan agreed to a one-year review that should lead to the “early conclusion of a highly comprehensive and ambitious” free trade agreement (FTA).

 

Read more here.

 

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* US & Israel – Reach FATCA Agreement

 

United States and Israel have concluded the text of an intergovernmental agreement (IGA) to implement the Foreign Account Tax Compliance Act (FATCA).

 

See more following the link.

 

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* USTR Releases Annual Report on Intellectual Property Rights

 

The Office of the United States Trade Representative (USTR) has released its annual “Special 301” Report on the adequacy and effectiveness of U.S. trading partners’ protection and enforcement of intellectual property rights (IPR). 

 

Find the Press Release here.

 

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News from ICC

 

* ICC – Ethics and Compliance Training Book

 

The International Chamber of Commerce (ICC) has released a new Ethics and Compliance Training Handbook. Among the 17 subject areas covered are risk assessment, training and education, whistle blowing, internal investigations, resisting solicitation, joint ventures, and the ICC anti-corruption clause.

 

Please check here for more details.

 

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* New ICC Mediation Rules Unveiled

 

The International Chamber of Commerce (ICC) releases the new ICC Rules which will replace the ICC ADR Rules and will come into force on 1 January 2014.

 

Kindly check here for more.

 

More Trade News in Brief Week 36 (2 – 8 September 2013)

 

* Indonesia and Pakistan Signed FTA

 

The governments of Indonesia and Pakistan finally signed a FTA after 10 years of negotiation.

 

Check here for details.

 

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* South Korea and Vietnam to Accelerate Trade Negotions

 

South Korea and Vietnam agreed to conclude a bilateral free trade agreement next year.

 

Please find more here.

 

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* Bahrain – Closer to ATA Carnet System

 

Bahrain prepares to implement ATA Carnet System.

 

For more information visit the ATA Carnet System.

 

More Trade News in Brief Week 35 (26 August – 1 September 2013)

*  ICC-IFO – Global Economic Outlook

 

The International Chamber of Commerce (ICC) and the economic research institute IFO published the latest World Economic Survey.

 

Check here for more.

 

Download previous copies of the ICC/Ifo World Economic Survey.

 

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* China Signed Convention on Exchange of Information

 

China signed the Multilateral Convention on Mutual Administrative Assistance in Tax Matters, an OECD initiative.

 

Please follow the link.

 

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.

 

ICC’s Framework for Responsible Food and Beverage Marketing

27 September 2012, Beijing

 

The International Chamber of Commerce (ICC) released a revised Framework for Responsible Food and Beverage Marketing Communications.

 

The publication presents a standard, uniformed approach to encourage responsible food and beverage communication and it is relevant self-regulatory tool at a time when pressure on industry is increasing.

 

Download the ICC Framework for Responsible Food and Beverage Marketing Communications.

 

Read more about the Consolidated ICC Code of Advertising and Marketing Communications.

 

More Trade News in Brief – Week 34 (13 – 19 August 2012)

 

* CIS and Ukraine Signed an FTA

 

The Commonwealth of Independent States (CIS) signed an agreement allowing the free trade of goods and services with Ukraine, but it also has a list of exceptions ( such as crude oil, natural gas, sugar, and others).

 

More here.

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* Declining Optimism over Global Economic Recovery

 

16 August 2012, Paris

 

The  ICC-Ifo World Economic Survey, released by International Chamber of Commerce (ICC), shows that the world economic climate indicator fell as fear continues to spread about the unsolved debt crisis in Europe.

 

Please read more here. 

 

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* Tajikistan, More Closed to WTO

 

 17 August 2012

 

Tajikistan is entering the final stretch of its bid to achieve membership of the World Trade Organization (WTO).

 

Check here.

 

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* China & North Korea Stregth Cooperation

 

China and North Korea signed an agreement for the joint management and development of two economic zones at the border. 

 

Both North Korea’s Rason Economic and Trade Zone and the Hwanggumphyong and Wihwa Islands Economic Zone are on the country’s borders with China.

 

Fore more 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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The ICC Guide to Export-Import New Edition

 

10 May 2012, Paris

 

The International Chamber of Commerce (ICC) has published a new edition of its Guide to Export-Import, the 4^th one. The revised version is a real helping tool for international trade professionals to understand the risks and challenges of cross-border trading.

 

The ICC Guide to Export-Import and other trade tools for international business are available from  www.iccbooks.com