Import-export companies weep from new customs regulation

The following is excerpted from an 11 November 2013 article by Talk Vietnam.

The new regulation on the procedures for customs clearance has led to the fact that imports and exports have got stuck at customs and management agencies.

The Circular No. 128 by the Ministry of Finance on the customs procedures, customs examination and supervision, which took effect on November 1, has made both import-export companies and state bodies puzzled.

Members grapple with certifying products, and certifying the certifiers

The following is excerpted from a 29 October 2013 news item by the World Trade Organization.

WTO members, meeting as the Technical Barriers to Trade (TBT) Committee on 29–31 October 2013, examined in some detail the latest thinking on a set of issues that many of them see as a major obstacle to trade — how to make it easier for products to be certified as meeting required standards, and how special efforts can be made for developing countries.

This item is available in its entirety at:

Global Export Forecast

The Fall 2013 edition of the Global Export Forecast is now available.

The Global Export Forecast identifies the major forces acting on the world economy and their implications for Canadian exporters. It describes which foreign markets will offer the best opportunities for Canadian exporters for the coming year, and analyzes the sales outlook by sector. It also discusses the major risks faced by exporters.

This document is available in its entirety on the Export Development Canada website at:

Global Export Forecast

The Fall 2013 edition of the Global Export Forecast is now available.
    
The Global Export Forecast identifies the major forces acting on the world economy and their implications for Canadian exporters. It describes which foreign markets will offer the best opportunities for Canadian exporters for the coming year, and analyzes the sales outlook by sector. It also discusses the major risks faced by exporters.

This document is available in its entirety on the Export Development Canada website at:

West African bloc approves single customs regime from 2015

The following is excerpted from a 25 October 2013 article by Reuters.

Leaders of the 15-nation Economic Community of West African States (ECOWAS) agreed on Friday to implement a single customs tariff regime from 2015 in an effort to accelerate economic integration.

The Common External Tariff is designed to harmonize customs charged on imported goods to the bloc of some 300 million people.

WTO releases annual package of trade and tariff data

The following is excerpted from a 24 October 2013 news item by the World Trade Organization.

The WTO released on 24 October 2013 its annual package of trade and tariff data, including for the first time a publication dedicated to trade in services. Providing a comprehensive overview of trade developments in 2012, the package also includes the 2013 editions of Trade Profiles, World Tariff Profiles and International Trade Statistics, which has been expanded to include data measured in value-added terms.

This item is available in its entirety at:

Mexico Considering Major Tax Reform, Could Impact Trade Flows

Mexican President Enrique Peña Nieto has submitted for legislative approval a series of initiatives that would constitute a major overhaul of the Mexican tax system. Some of the proposed changes aim to encourage trade while others could have negative impacts on important sectors like the maquila and automotive industries. Some of the most important provisions include the following.

Value-Added Tax Law

- The VAT for sales in border areas or regions would be increased from 11% to 16% to harmonize it with the VAT imposed in the rest of the country.

Reuters publishes ICC op-ed on free trade and the G20

The following is excerpted from a 1 October 2013 article by the International Chamber of Commerce.

The recent focus on what divides world leaders, from Syria to the euro zone, has obscured the significant agreements reached at the Group of 20 meeting in St. Petersburg last month. One of the most important was support for free trade and opposition to protectionism.

We can now build on this momentum, as well as other trade liberalization efforts, to achieve meaningful progress at the World Trade Organization ministerial meeting in Bali in December.