Trade News in Brief

Updated news about international business, trading, economic and trade legislation and laws, cooperation and development, banking system, accounting & audition, global environment, normalization & harmonization, logistics & transportation, trade agreements and deals etc

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More Trade News in Brief Week 6 (8 - 14 February 2016)

More Trade News in Brief Week 6 (8 – 14 February 2016)

EU, Andorra Sign AEOI Agreement

The European Union (EU) and Andorra have signed a deal to automatically exchange tax information.

See more here.

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FTA Talks – China & GCC

FTA talks between China and the GCC – comprising Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates – originally began in 2004 but faltered in 2009. They…

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Iran – The Economic Sanctions Have Been Lifted

Iran – The Economic Sanctions Have Been Lifted

January 16th, 2016 Crippling economic sanctions on Iran have been lifted now that the International Atomic Energy Agency (IAEA) has certified that it has restricted its sensitive nuclear activities. The Iran nuclear deal frameworkwas a preliminary framework agreement reached in 2015 between the Islamic Republic of Iran and a group of world powers: the P5+1 (the permanent members of the United…

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TPP Free Trade Deal to Be Signed On Feb 4

TPP Free Trade Deal to Be Signed On Feb 4

New Zealand will host the signing ceremony for the Trans-Pacific Partnership Agreement on February 4, 2016. The deal was reached on 5 October 2015 after 7 years of negotiations.

The Trans-Pacific Partnership Agreement (“TPP”) is a free trade agreement between nine countries: The United States, Australia, Brunei Darussalam, Chile, Malaysia, New Zealand, Peru, Singapore, and Vietnam.

Check for more

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More Trade News in Brief Week 34 (17 – 23 August 2015)

More Trade News in Brief Week 34 (17 – 23 August 2015)

FAO – World Food Prices Hit Lowest Level in Almost Six Years

According to the United Nations Food and Agriculture Organization (FAO) the prices for global agricultural products in July hit their lowest level since September 2009.

Check here for more: UN agency reports world food prices declining to six-year low .

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EPA – The Clean Power Plan

The…

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Iran & 6 Major Powers Reach Nuclear Deal

Iran and six major powers agreed early Sunday on a historic deal that freezes key parts of Iran’s nuclear program in exchange for temporary relief on some economic sanctions.

Check here for more.

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More Trade News in Brief Week 26 (22 – 28 June 2015)

More Trade News in Brief Week 26 (22 – 28 June 2015)

* UNCTAD – World Investment Report 2015

The World Investment Report focuses on trends in foreign direct investment (FDI) worldwide.

Check World Investment Report 2015 – Reforming International Investment Governance.

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* New WCO Guide to Customs Valuation and Transfer Pricing

The WCO launched a major new guide on the topic of Customs valuation and…

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Africa Creates TFTA - Cape to Cairo Free Trade Zone

Africa Creates TFTA – Cape to Cairo Free Trade Zone

African leaders have agreed to create the continent’s largest free-trade zone, covering 26 countries in an area from Cape Town to Cairo. The Tripartite Free Trade Area (TFTA) will cap five years of negotiations.

Three existing trade blocs – the Southern African Development Community (Sadc); the East African Community (EAC) and the Common Market for Eastern and Southern Africa (Comesa) – are to be…

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More Trade News in Brief Week 19 (4 – 10 May 2015)

More Trade News in Brief Week 19 (4 – 10 May 2015)

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.

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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…

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Asian Infrastructure Investment Bank (AIIB)

The Asian Infrastructure Investment Bank (AIIB) is an international financial institution proposed by the government of China.

At least 47 countries and territories from five continents have applied to join the Beijing-led Asian Infrastructure Investment Bank as founding members.

Sweden and Kyrgyzstan were among the last to apply before the deadline, 31 March 2015, adding further weight to the…

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More Trade News in Brief Week 12 (16 – 22 March 2015)

More Trade News in Brief Week 12 (16 – 22 March 2015)

* Switzerland, EU Ink New Savings Tax Pact

Switzerland and the European Union (EU) have initialled an agreement on the automatic exchange of tax information (AEOI). Account data will be collected from 2017, with the first exchange scheduled for 2018.

See more clicking here.

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* EU: Combatting Corporate Tax Avoidance

The European Commission presented…

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More Trade News in Brief Week 8 (16 – 22 February 2015)

* UNWTO World Tourism Barometer 2014

International tourist arrivals reached 1,138 million in 2014, a 4.7% increase over the previous year, according to the latest UNWTO World Tourism Barometer. For 2015, UNWTO forecasts international tourism to grow by 3% to 4%, further contributing to the global economic recovery.

Useful links:

UNWTO World Tourism Barometer Infographic: International Tourist…

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News from UNCTAD

* Global Investment Trends in 2014 and Prospects for 2015

Global foreign direct investment (FDI) inflows declined by 8% in 2014. A solid FDI rise remains distant, reports the latest UNCTAD Global Investment Trends.

 Download: Global Investment Trends Monitor No. 18.

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* UNCTAD and WTO launch partnership on Integrated Trade Database

UNCTAD and the WTO…

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More Trade News in Brief Week 3 (12 – 18 January 2015)

More Trade News in Brief Week 3 (12 – 18 January 2015)

* World Employment and Social Outlook – Trends 2015

The new ILO report includes a forecast of global unemployment levels and explains the factors behind this trend, including continuing inequality and falling wage shares.

Download the report from here.

Read more here.

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* IMF Downgrades Global Growth Forecast

According to its World Economic Outlook…

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More Trade News in Brief Week 51 (15 - 21 Dicember 2014)

More Trade News in Brief Week 51 (15 – 21 Dicember 2014)

* US and Cuba to Normalize Relations

The leaders of the United States and Cuba agreed to restore full diplomatic relations between the two countries.

Check here for more.

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* Russia to Launch Alternative to SWIFT Bank Transaction System

Russia plans to launch its own international inter-bank system by May 2015. The national payment system department…

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News from ASEAN

News drom ASEAN

* Timor-Leste Remains Committed to Join ASEAN   Timor-Leste remains committed to joining ASEAN and is currently rolling out measures at the national level to consolidate its bid for membership of ASEAN.   Check here for more.

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* ASEAN to Pilot Customs Transit System  An ASEAN Customs Transit System (ACTS) will be piloted in Malaysia, Singapore and…

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More Trade News in Brief Week 44 (27 October - 2 November 2014)

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* Understanding National Accounts from OECD   The second edition of OECD’s guide Understanding National Accounts provides a comprehensive explanation of how national accounts are compiled and what they mean.   Read more here.   ——————————————————————————————————————————————–—   * The Global Community of Practice on Food Loss Reduction  The Global Community of Practice (CoP) on Food Loss Reduction…

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More Trade News in Brief Week 42 (13 – 19 October 2014)

Eurostat regional yearbook 2014 Eurostat, the statistical office of the European Union, published The Regional Yearbook 2014. Check here.   ——————————————————————————————————————————————–—   International tourism up by 5% in the first half of 2014 International tourist arrivals grew by 4.6% in the first half of 2014 according to the latest UNWTO World Tourism Barometer. Destinations worldwide…

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