BRICS Countries Launch New Development Bank

Volume
18,
Number
26
-
17 July 2014
17 July 2014
Leaders from the BRICS countries – Brazil, Russia, India, China, and South Africa – formally launched a joint international development bank on Tuesday during their annual summit, held this year in the Brazilian city of Fortaleza. Headquartered in Shanghai, the bank will finance infrastructure and...
17 July 2014
After over a decade of negotiations, West African leaders formally approved their Economic Partnership Agreement (EPA) with the EU last week during an ECOWAS Heads of States summit in Accra, Ghana. Regional chief negotiators have now been instructed to take immediate action toward launching the...
17 July 2014
Canberra succeeded in repealing the country’s divisive carbon tax on Thursday, following years of bitter political debate on the topic, and two failed attempts in recent months. Prime Minister Tony Abbott made the repeal a flagship feature of his election campaign last year and a priority of his...
17 July 2014
Top government officials from the US and China met in Beijing late last week for a series of high-level discussions, addressing topics such as currency reform, a planned investment treaty, and a prolonged row over a tech trade deal. While officials reported constructive talks in these and other...
17 July 2014
A WTO dispute panel has found that the US was largely in violation of global trade rules in a series of countervailing duty investigations against Chinese exporters. The ruling, issued on Monday, brings back to the fore the long-running debate between the two economic giants over China’s state-...
17 July 2014
Chief negotiators from the Trans-Pacific Partnership (TPP) countries wrapped up over a week’s worth of meetings this past Saturday. While no major breakthroughs were reported, some progress was reportedly reached in the labour and sanitary and phytosanitary standards (SPS) areas, though larger...
17 July 2014
A WTO panel granted a mixed victory to India on Monday in its dispute with the US over countervailing duties that Washington had imposed on certain steel products from the Asian economy. At issue in the complaint ( DS436 ) were certain provisions of the United States Tariff Act of 1930, and how...
17 July 2014
The pace at which trade restrictions have been introduced by WTO members has shown no notable increases in recent months, according to the latest monitoring report released by the global trade body on 11 July. The report, which covers the period between mid-November 2013 and mid-May 2014, is part...
17 July 2014
Coming Soon 18 July, New York, US. BRIEFING BY THE CO-CHAIRS OF THE INTERGOVERNMENTAL COMMITTEE OF EXPERTS ON SUSTAINABLE DEVELOPMENT FINANCING. At this event, which will be held at UN Headquarters, the Co-Chairs of the Intergovernmental Committee of Experts on Sustainable Development Financing (...
17 July 2014
OECD-FAO AGRICULTURAL OUTLOOK 2014-2023. Published by the Organisation for Economic Co-operation and Development (OECD) and the Food and Agricultural Organization (FAO) of the United Nations (July 2014). This annual publication provides an assessment of prospects for the coming decade of national,...