South Korea, Vietnam Sign FTA
The bilateral FTA upgrades the South Korea – ASEAN agreement by further cutting import duties, more than 90 percent of all their traded goods.
Check here for more.
Digital Single Market for Europe
The Digital Single Market strategy is made up of three policy areas or ‘pillars’:
Better online access to digital goods and services
An environment where digital networks and services can prosper
Digital as a driver for growth
Please read more here.
ECB publishes its Euro Money Market Study 2014
The European Central Bank (ECB) is publishing its biennial report entitled “Euro Money Market Study 2014”.
Check it here.
ICC Revises DOCDEX Rules
The International Chamber of Commerce (ICC) has revised its DOCDEX rules, a dispute resolution mechanism specifically designed to address trade finance concerns.
Check here for more.
New ICC Cyber Security Guide
The International Chamber of Commerce (ICC) has published a new straight-speaking guide to help companies of all sizes manage their approach to cyber security and mitigate threats posed by cybercrime.
Click here for more.
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* Corruption Perceptions Index (CPI) 2013
Corruption Perceptions Index (CPI) 2013 has been published by Transparency International.
Please check the press release here.
* Australia and South Korea Conclude Trade Talks
Australia has concluded negotiations with South Korea for a free trade agreement.
Please follow the link for more.
* Yemen Accedes To WTO
Yemen became a member of the World Trade Organization (WTO) on December 04, 2013.
Click here for more.
* Asian Countries top OECD’s Latest PISA Survey
Asian countries outperform the rest of the world in the OECD’s latest PISA survey.
PISA survey evaluates the knowledge and skills of the world’s 15-year-olds
Check here for details.
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* Indonesia and Pakistan Signed FTA
The governments of Indonesia and Pakistan finally signed a FTA after 10 years of negotiation.
Check here for details.
* 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.
* Bahrain – Closer to ATA Carnet System
Bahrain prepares to implement ATA Carnet System.
For more information visit the ATA Carnet System.
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A group of 20 trading partners – the US, Canada, the European Union, Norway, Switzerland, Australia, New Zealand, Hong Kong, South Korea, Japan, Singapore, Taiwan, Mexico, Chile, Colombia, Peru, Costa Rica, Israel, Pakistan and Turkey – will start soon negotiations on a new International Services Agreement (ISA).
Please find more information following the next link.
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Phnom Penh (Cambodia)
ASEAN and its FTA’s partners expected to commence in 2013 negotiations on a new regional trade treaty, the Regional Comprehensive Economic Partnership (RCEP).
The RCEP is to be negotiated between ASEAN’s ten member countries – Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand and Vietnam – and its current six free trade agreement (FTA) partners – Australia, New Zealand, China, India, South Korea and Japan.
Check here and/ or here for more information.
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* South Korea/Switzerland TIE Protocol
The revised Double Taxation Agreement (DTA) between South Korea and Switzerland, including provisions on the exchange of tax information (TIE), is to go into effect on July 25, 2012.
* ICC Published a Guide to New Rules of Arbitration
The International Chamber of Commerce (ICC) has release “The Secretariat’s Guide to ICC Arbitration” offering a detailed article-by-article commentary on the 2012 Rules and more.
Please refer to the next link.
* Tunisia and OECD Strengthen Relations
Tunisia signs multilateral agreement on fiscal co-operation and strengthens its links with the OECD.
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The European Union (EU) and South Korea are seeking to urge the ratification of the free trade agreement (FTA) between them. The FTA would remove progressing all tariffs and as many non-tariff barriers between the two economies over three to five years.
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8 May 2012, Beijing
After the first round of negotiation between South Korea and China on their bilateral FTA, a trilateral agreement to include Japan will also be under discussion.
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2 May 2012, Seoul, South Korea
Asia’s largest and fourth-largest economies he agreed to start negotiation on a free trade agreement (FTA) as early as possible.
In 2011, China was South Korea’s largest trade partner and South Korea was China’s fourth-largest trade partner.
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3 May 2012, Manila, Filipinas
China, Japan and South Korea sought a formal agreement, a rare one on securities investment markets, in order to avoid “uncertainties and potential downside risks”.
The three economical power agreed on to boost cross-investment in government bond markets in a move that is supposed to protect their financial markets from external shocks.
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