European Parliament Rejects Anti-Counterfeiting Pact

Volume
16,
Number
26
-
4 July 2012
4 July 2012
In a landmark decision earlier today, the European Parliament rejected the controversial Anti-Counterfeiting Trade Agreement (ACTA) by a vast majority, with 478 votes against the deal, 39 in favour, and 165 abstentions. ACTA is a plurilateral trade pact seeking to strengthen global standards for...
4 July 2012
The US' country-of-origin labelling (COOL) requirements for livestock and meat imports are inconsistent with international trade rules, the WTO's highest court said on Friday ( DS384 , 386 ). The highly-anticipated ruling, which stemmed from a dispute launched by Canada and Mexico in 2008, found...
4 July 2012
WTO members have reached a preliminary agreement updating the accession guidelines for least developed countries (LDCs), according to Geneva-based delegates. The 29 June draft recommendations, prepared by the LDC Sub-Committee, were reportedly still awaiting formal approval from some member...
4 July 2012
South American customs bloc Mercosur will see Venezuela join as a full member by the end of this month, and has temporarily suspended current member Paraguay from the grouping in the wake of President Fernando Lugo's impeachment in late June. During their presidential summit last week, the bloc...
4 July 2012
The imposition of trade-restrictive measures by WTO members has continued virtually unabated over the last seven months, according to a new report issued last week by WTO Director-General Pascal Lamy, prompting concern that governments are continuing to look toward protectionist measures as a means...
4 July 2012
Increased political bickering and intense public debate marked the days leading up to the 1 July onset of Australia's first-ever carbon tax, a measure that will impose emissions costs on the country's largest polluters. Australia's major political parties have amplified the debate surrounding the...
4 July 2012
Switzerland has been named the world's most innovative economy for the second consecutive year, according to a report released on Tuesday in Geneva by business school INSEAD and the World Intellectual Property Organization (WIPO). Sweden and Singapore retained their positions as second and third...
4 July 2012
Officials from the EU and six Central American countries signed the EU-Central America Association Agreement last Friday in Tegucigalpa, Honduras following a negotiating process that had been launched in 2007. The deal, which includes what proponents term an "ambitious" trade component and...
4 July 2012
Members of the Geneva-based WTO should move to quickly finish an agreement on trade facilitation, leaders from various regional development banks and then-World Bank head Robert Zoellick said last week. The call was made in an editorial that was jointly signed by Zoellick, who also finished his...
4 July 2012
Coming soon 9 July, Washington, US. THE ‘BEYOND THE BORDER' ACTION PLAN AT SIX MONTHS. This one-hour event will review the Beyond the Border Action Plan launched last December by US President Barack Obama and Canadian Prime Minister Stephen Harper. The initiative is aimed at facilitating trade and...
4 July 2012
WTO DISPUTE SETTLEMENT: ONE-PAGE CASE SUMMARIES (1995-2011). Published by the World Trade Organization (June 2012). This publication provides a summary of the key findings of every dispute panel report up to the end of 2011 and, where applicable, the subsequent Appellate Body report. Each one-page...