On 5 October, 12 nations signed an agreement that, if ratified, will form the largest trade bloc in the world, accounting for roughly 40% of global income. The Trans-Pacific Partnership (TPP) brings together the US, Canada, Japan and nine other Pacific Rim economies—although, notably, neither China nor India are involved at the moment. The TPP is a prime example of what economists call a preferential trade agreement (PTA).
Indian policy makers face a number of stiff challenges as they prepare for the 10th ministerial meet of the World Trade Organisation (WTO) to be held in Nairobi, Kenya during the middle of next month. The ministerial meet is the highest policy making body of the WTO covering 161 members.
KUALA LUMPUR, Oct 31 — Despite Vietnam having benefitted from a free trade pact agreement with the US, an economist from the socialist republic has claimed that signatories to the new Trans-Pacific Partnership (TPP) agreement could experience unfair treatment from big competitors threatened by growing imports in wealthier economies like the US.
The leaders of South Korea, Japan and China agreed Sunday to speed up negotiations on signing a trilateral free trade deal and creating a new mega trading bloc covering Asia and Oceania.
The agreement reached at the trilateral meeting among President Park Geun-hye, Japanese Prime Minister Shinzo Abe and Chinese Prime Minister Li Keqiang at Cheong Wa Dae.
The leaders said that the three countries will cooperate on further economic integration in the long term, including the establishment of a common market in the region.
Good day.
We have received an associated business application from RAFA CARGO AGENCY and would appreciate your approval of and/or comments on this application by November 11, 2015, please.
RAFA CARGO AGENCY is a leading Customs Clearing & Forwarding (C&F) Agency business in Bangladesh.
The contact person is Lutfor Rahman, CEO.
The company’s contact information follows:
The 2016 IFCBA World Conference will take place from Tuesday, May 17, starting with our Board of Directors meeting and a welcome reception for all delegates and guests, through Saturday, May 21 in Shanghai, China. Join us as we explore the conference theme, “Facilitating Trade through the Customs-Business Connection”. Please note that while the closing dinner for the conference will take place on the evening of Friday, May 20th there will be optional, add-on day excursions planned for May 21st.
The United States has until April 1, 2016 to comply with a World Trade Organization ruling that faulted its use of punitive import duties on a range of Chinese goods, including solar panels and wind towers, the trade body said on Friday.
In December 2014 the WTO's Appellate Body upheld a Chinese complaint that the United States had unfairly penalized $7.2 billion of Chinese exports.
Before a World Trade Organization ("WTO") dispute settlement panel, Panama challenged Argentina's imposition of certain tax measures against services and service suppliers from countries deemed "not cooperating for tax transparency purposes" by the Argentine government under Decree No. 589/2013. While Panama did not challenge the Decree directly, it challenged eight of the retaliatory measures imposed by Argentina against countries designated "non-cooperating" under the Decree.
SHANGHAI - China started Thursday its much anticipated International Payments System, or CIPS, to allow cross-border international trade operations from and to China in its own currency, the yuan.
According to the Chinese official news agency Xinhua, CIPS - which allows financial institutions to provide cross-border services clarification and payments in the Chinese currency- will spur greater international use of the yuan.
