WTO releases trade statistics and growth projections
On 14 April 2015 the World Trade Organization (WTO) issued global trade statistics for 2014 and estimates for the next few years. The growth in the volume of global trade in 2014 was 2.8%, less than predicted owing to geopolitical tensions and
See MoreWTO: Trade Policy Review of Australia
The World Trade Organization (WTO) is conducting a Trade Policy Review of Australia on 21 and 23 April 2015 and has published the report prepared by its Secretariat. Since the previous Trade Policy Review in 2011 the Australian economy has
See MoreNew Customs Code of Uruguay
The new Customs Code of Uruguay was enacted on 18 March 2015 .The new Code was approved by the Uruguayan Parliament on 10 September
See MorePakistan: WTO Conducts Trade Policy Review
The World Trade Organization (WTO) is conducting a trade policy review of Pakistan on 24 and 26 March 2015. The report issued in connection with the review notes that Pakistan’s economy has shown resilience and that real GDP growth averaged 3.2%
See MoreWTO -Summary of ongoing work for 2015
A Parliamentary Conference hosted recently by the World Trade Organization (WTO) was arranged by the Inter-Parliamentary Union and the European Parliament. The WTO Director General addressed the group of parliamentarians on 17 February 2015 and gave
See MoreWTO Director-General addresses LDC Group Ambassadors and Experts Retreat
The World Trade Organization (WTO) Director-General has noted in a speech to the Less Developed Countries (LDC) Ambassadors and Experts that in the coming months there is an opportunity to address some of the core issues affecting LDCs. There has
See MoreWTO concludes trade policy review of Brunei Darussalam
The World Trade Organization (WTO) has conducted its third trade policy review of Brunei Darussalam and has looked at progress since the previous review in 2008. The WTO noted that Brunei has simplified and liberalized its trade regime with the
See MoreCanada: Customs can seize foreign exporters’ devalued shipments
The new policy is wished to prevent exporters from devaluing shipments destined to Canada and it was declared in late January 2015. The Canada Border Services Agency (CBSA) has stated that goods destined for a Customs Self-Assessment (CSA) importer
See MoreItaly: E-Invoicing Requirements for Suppliers of Goods and Services
The suppliers of goods and services in Italy will be required to submit electronic invoices through Italy's online platform to almost all public authorities (PAs) from March 31, 2015. Businesses supplying public authorities must provide the required
See MoreUS & Mexico finalize agreement on sugar import investigations
The U.S. Department of Commerce announced on December 19, 2014 that it had finalized agreements with the Government of Mexico and Mexican sugar exporters to suspend antidumping (AD) and countervailing duty (CVD) investigations on imports of sugar.
See MoreWTO Rejects Countervailing Case Appeal By US With China
The Appellate Body of the WTO announced rulings, on December 18, in favor of China in a complex case dealing with countervailing duty (CVD) determinations and anti-dumping duties, mostly resulting from US treatment of China as a "non-market
See MoreHong Kong ratifies WTO’s Trade Facilitation Agreement (TFA)
Hong Kong, China has become the first WTO member to formally ratify the WTO’s new Trade Facilitation Agreement (TFA). Hong Kong officials informed the WTO's General Council on December 10 that the territory deposited its instrument of acceptance
See MoreUS Imposes Preliminary Anti-Subsidy Duties On Chinese Tires
The U.S. Commerce Department has set preliminary anti-dumping duties ranging from 12.5 percent to 81.29 percent on tires imported from China. Five years ago, following a previous USW complaint, the US imposed AD and CVD tariffs on similar Chinese
See MoreSlovak Republic: Law amendments regarding excise duties signs
The amendments to the law related to excise duties were signed by the President on 19th November
See MoreAustralia and China confirm FTA agreement
Australia and China has confirmed the conclusion of a free trade agreement (FTA). If the agreement is fully implemented, it will enable a tariff-free access of 95% Australian goods exports to Chinese
See MoreU.S. Chamber of Commerce Strengthens Commitment to U.S.-Brazil Relationship
The United States Chamber of Chamber (USCC)-affiliated Brazil-US Business Council (BUSBC) signed a Cooperation Agreement with the Brazilian National Confederation of Industry (CNI) to conduct studies on a potential trade agreement and report back
See MoreUS Signed Draft Agreement With Mexico On Sugar Trade Dispute
The draft agreement has signed between US and Mexico which aims to suspend US anti-dumping and anti-subsidy duties on Mexican sugar. The US Department of Commerce (DOC) had announced on October 27, 2014, preliminary anti-dumping duties ranging from
See MoreUS-EU Trade Deal Negotiators Agrees On The Same Page
EU and US officials ended a 7th round of week-long negotiations in Washington, D.C. (US) on the Transatlantic Trade and Investment Partnership (TTIP), a new EU-US trade and investment deal. It was confirmed that talks have progressed beyond its
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