About the IFCBA

The IFCBA has been representing the interests of the worlds' customs brokers and their clients since 1990. Many of our member associations have been involved in similar activities within their own countries for nearly a century. » more

Recent News

The WTO has launched a new annual statistical publication, the World Trade Statistical Review. This new publication provides insights into how world trade has evolved in recent years by analysing the latest trade statistics within an economic context.

The sixth review of the trade policies and practices of China takes place on 20 and 22 July 2016. The basis for the review is a report by the WTO Secretariat and a report by the Government of China.

The TPR documents are available on the WTO website at https://www.wto.org/english/tratop_e/tpr_e/tp442_e.htm.

The Trans-Pacific Partnership (TPP) Agreement was signed on 4 February 2016 and it is the first of the so-called ‘mega-regional’ free trade agreements (FTAs), a term which refers to deep integration between countries, or regions with a major share of world trade and foreign direct investment (FDI). The 12 Parties to the Agreement are Australia, Brunei Darussalam, Canada, Chile, Japan, Mexico, Malaysia, New Zealand, Peru, Singapore, United States of America, and Viet Nam.

The WCO has published a detailed analysis of the TPP rules of origin and a comparison between the new agreement and existing origin models as part of the WCO Comparative Study on Preferential Rules of Origin.

This is a 12 July 2016 media release by the World Customs Orgaization and is available in its entirety at:
http://www.wcoomd.org/en/media/newsroom/2016/july/the-trans-pacific-partnership-agreement.aspx

The WTO has launched a new World Trade Outlook Indicator (WTOI) designed to provide “real time” information on trends in global trade. The WTOI was unveiled in Shanghai, China on 8 July, ahead of a meeting of G20 trade ministers.

Combining a variety of trade-related indices, the WTOI is designed to give an early signal of the current direction of world trade and where it is likely to go in the near future. In this way the WTOI should signal turning points in world merchandise trade volume.  It complements existing tools such as the WTO’s longer-term trade forecasts, and other statistical releases.

The WTOI gives a headline figure to show performance against trend. A reading of 100 would indicate trade growth in line with recent trends, a reading greater than 100 would suggest above trend growth, while a reading below 100 indicates below trend growth. The WTOI will be updated on a quarterly basis....

This has been excerpted from an 8 July 2016 news item by the World Trade Organization and is available in its entirety at:
https://www.wto.org/english/news_e/news16_e/rese_08jul16_e.htm

The fallout from the United Kingdom's vote on European Union membership, in which the 'Leave' campaign won a narrow victory, will have a wide range of repercussions that are difficult to assess in terms of scope, duration and size. The initial impact of this result has been global, and uncertainty remains a part of the post-vote reality.

The merits of each position and the possibility of a reversal of the referendum verdict, or an unlikely choice by the UK parliament not to act on that verdict, are left for others to consider. What is clear is that a potentially transformational outcome has been unleashed by UK voters, and that a degree of disappointment, perhaps even resentment, could impact short-term discussions, particularly the two-year exit timeline laid out in the much-referenced Article 50. What is equally clear when considering the wider impact of this outcome is that the pursuit of clarity must be the immediate objective of everyone involved.

The popular vote in favour of Brexit has evolved in a wider political, economic and social context, and raises existential questions for the European Union, for the future of the UK, and for globalization, economic and trade-based integration, sovereignty and multilateralism. The answers to those questions have the potential to lead to a more robust set of political, economic and trade relationships globally, as nations and businesses pursue links that are mutually and equally desired....

This has been excerpted from the 4 July 2016 edition of the World Economic Forum and is available in its entirety at:
https://www.weforum.org/agenda/2016/07/trade-finance-and-the-brexit