WTO's Trade Facilitation Agreement Takes Effect

Volume
21,
Number
6
-
23 February 2017
23 February 2017
The World Trade Organization announced on Wednesday 22 February that the Trade Facilitation Agreement (TFA) has now entered into force, having surpassed the minimum requirement of 110 ratifications from members. “The Trade Facilitation Agreement is the biggest reform of global trade this century,”...
23 February 2017
Singapore revealed plans on Monday 20 February to put in place a carbon tax from 2019, making it the first Southeast Asian economy to introduce a mandatory carbon pricing scheme. Recognising the island nation’s vulnerability to sea level rises, Finance Minister Heng Swee Keat, who announced the...
23 February 2017
China’s flagship farm policy statement has reiterated Beijing’s commitment to pursuing “supply side” reforms to the agricultural sector, while also emphasising the need for farmers to benefit from stability and continuity. Beijing set out the broad direction of planned reforms in a white paper...
23 February 2017
EU Trade Commissioner Cecilia Malmström and Japanese Foreign Minister Fumio Kishida said this weekend that they hope their two sides can complete negotiations for a free trade deal in the near term, after previously having attempted to conclude the talks last year. The EU and Japan have been...
23 February 2017
The future of the Trans-Pacific Partnership (TPP) Agreement was high on the agenda last week as Australian Prime Minister Malcom Turnbull and New Zealand Prime Minister Bill English met in Queenstown, New Zealand, for discussions on trade and other subjects. The two Oceanic nations are both...
23 February 2017
The UK’s House of Lords is discussing this week legislation that, if approved, will give Prime Minister Theresa May the formal sign-off to invoke Article 50 of the Lisbon Treaty, allowing the official launch of Brexit negotiations for the island nation to leave the European Union. May has pushed...
23 February 2017
The past month has seen a flurry of activity in WTO dispute settlement, ranging from consultations requests on aviation-related subsidies to panel requests in cases involving goods transit and renewable energy incentives. Brazil challenges Bombardier subsidies Earlier this month, Brazil filed a...
23 February 2017
Coming Soon 24 February, London, UK. ZAMBIA’S FINANCIAL STABILITY AND PROSPECTS FOR GROWTH. This Chatham House meeting will feature Zambian Minister of Finance Felix Mutati, who will describe his government’s economic growth plans, along with its work to address financial issues, which could...
23 February 2017
GLOBAL COMPETITION AND THE RISE OF CHINA. By Caroline Freund and Dario Sidhu for the Peterson Institute for International Economics (PIIE) (February 2017). This new paper explores how global industrial concentration has evolved over the past decade, specifically in regard to China’s firms and those...