Posts Tagged Uniform Customs and Practice for Documentary Credits (UCP 600)

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.
 
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