Members renew attempts to deepen WTO scrutiny of regional trade agreements

WTO members revived this week long-standing talks to deepen the WTO’s scrutiny of regional trade agreements (RTAs) in line with instructions laid out by ministers last December. Provisions in the recent Nairobi Ministerial Declaration, said the new committee chair, could pave the way for a more constructive review of how these deals affect the wider multilateral trading system.

Trade growth to remain subdued in 2016 as uncertainties weigh on global demand

Growth in the volume of world trade is expected to remain sluggish in 2016 at 2.8%, unchanged from the 2.8% increase registered in 2015. Imports of developed countries should moderate this year while demand for imported goods in developing Asian economies should pick up. Global trade growth should rise to 3.6% in 2017, WTO economists reported on 7 April.

China's e-commerce tax changes set to benefit beauty

China is reportedly altering its tax policy for e-commerce in a move which will further promote cross-border trading for the country, and is set to particularly benefit cosmetics sales...

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TPP forecast to give Vietnam a boost over Cambodia

The anticipated ratification of the Trans-Pacific Partnership (TPP) agreement is expected to have a negative impact on Cambodia’s economic growth as Vietnam takes priority as a top trading partner within the 12-member bloc that accounts for 40 per cent of the world’s economy, an academic said yesterday during a lecture organised by the Canadian Chamber of Commerce in Cambodia.

ICC welcomes Brazil ratification of WTO Trade Facilitation Agreement

The International Chamber of Commerce has welcomed Brazil’s ratification of the World Trade Organization’s Trade Facilitation Agreement (TFA)—an agreement which was forged under the leadership of the Brazilian head of the WTO Roberto Azevedo. President Dilma Rousseff signed the Trade Facilitation Agreement yesterday [March 29, 2016] during a high-level ceremony at the Palacio do Planalto in Brasilia...

Electronic single window system enhances transparency in trade

The adoption of the Electronic Single Window system (eSW) provides the key to simplifying cross-border trade and the enhancement of real-time information sharing and exchange between customs and other border agencies and private sector stakeholders. It has also enhanced Rwanda’s competitive advantage as an efficient player in the area of trade. The Electronic Single Window was launched in 2012 in partnership with TradeMark East Africa (TMEA). 

Join us for the 2016 IFCBA World Conference

Join us for the 2016 IFCBA World Conference, “Facilitating Trade through the Customs-Business Connection” from May 17 – 21! This event promises to be of exceptional value to participants as it focuses on the implications of the latest border facilitation and security initiatives, and will provide opportunities for those seeking to expand their business networks, particularly relating to trade with China. Here are some exciting highlights:

Newly Enacted Customs Law Lends Helping Hand

On February 24, 2016, President Obama signed the Trade Facilitation and Trade Enforcement Act of 2015. This is the first major customs legislation since the 1993 Customs Modernization Act.

The law updates U.S. customs laws to facilitate legitimate trade and strengthens trade enforcement...

WTO Members Urged to Start Preparing for Entry into Force of Trade Facilitation Agreement

WTO members were urged on 3 March to start preparing for the entry into force of the new Trade Facilitation Agreement (TFA) by notifying to the WTO what their technical assistance and capacity-building needs are, and how much time they will need to ensure effective implementation of the Agreement.

For more information, visit the WTO website.

Don't Miss the 2016 IFCBA Conference in Shanghai!

The bi-annual World Conference of the IFCBA is designed for customs brokers who want to better understand the global trading environment. This year’s conference is titled"Facilitating Trade Through the Customs-Business Connection” and will take place in Shanghai, China from May 17-21This event promises to be of exceptional value to participants with its focus on the implications of the latest border facilitation and security initiatives through three themed days of business presentations: