Trade blocs

Press release - EU will have stronger powers in trade disputes

Wednesday, January 20, 2021 - 12:04am

The strengthening of the so-called enforcement regulation allows the EU to protect its trade interests against partners acting illegally.

Key Points: 
  • The strengthening of the so-called enforcement regulation allows the EU to protect its trade interests against partners acting illegally.
  • MEPs stress that these account for a large and growing share of world trade and are covered by international trade agreements.
  • The EU now has another credible, efficient and ambitious tool at its disposal to bolster its trade policies and ensure its strategic autonomy.
  • The new rules are part of efforts to have better EU tools to promote compliance and enforce EU trade agreements in an altered geopolitical context.

Engaging the Biden administration on trade will be key to Canada's long-term economic fortunes, shows latest RSM Canada report

Tuesday, January 19, 2021 - 2:08pm

Canada's long-term economic prospects will largely depend on expansion of U.S. and global trade

Key Points: 
  • Canada's long-term economic prospects will largely depend on expansion of U.S. and global trade
    Canada's economy is the most dependent on trade among large, developed nations.
  • It can expect a boost if the Biden administration re-enters the U.S. in the Trans-Pacific Partnership (TPP).
  • Canada poised to make significant economic gains should the U.S. end its trade war with China, which analysis shows has harmed Canada nearly as much as the U.S. given integration between the two economies.
  • RSM Canada Consulting LP provides consulting services and is an affiliate of RSM US LLP, a member firm of RSM International.

Dennis E. Nixon, Chairman and CEO of IBC Bank in Laredo, Texas and Woody L. Hunt, Senior Chairman of Hunt Companies, Inc. in El Paso, Texas Offer the Following Advice

Monday, January 18, 2021 - 5:01pm

Dennis E. Nixon, chairman and CEO of IBC Bank in Laredo, Texas and Woody L. Hunt, senior chairman of Hunt Companies, Inc. in El Paso, Texas offer the following advice:

Key Points: 
  • Dennis E. Nixon, chairman and CEO of IBC Bank in Laredo, Texas and Woody L. Hunt, senior chairman of Hunt Companies, Inc. in El Paso, Texas offer the following advice:
    Your administrations first 100 days will be critical.
  • First, you should work with Congress to fully fund staffing and improvements at our undermanned and antiquated ports of entry.
  • To return jobs to the U.S. from other countries, including China, Congress approved the United StatesMexicoCanada Agreement (USMCA) with strong bipartisan support.
  • Now we must modernize our ports of entry to effectively and efficiently handle the increased trade resulting from this trade agreement.

Declaration by the High Representative on behalf of the European Union on the alignment of certain countries concerning restrictive measures against Belarus

Saturday, January 16, 2021 - 8:01am

On 17 December 2020, the Council adopted Council Decision (CFSP) 2020/2130[1] implementing Council Decision 2012/642/CFSP.

Key Points: 
  • On 17 December 2020, the Council adopted Council Decision (CFSP) 2020/2130[1] implementing Council Decision 2012/642/CFSP.
  • The Council Decision adds 29 persons and 7 entities to the list of persons and entities subject to restrictive measures set out in the Annex to Decision 2012/642/CFSP.
  • The Candidate Countries the Republic of North Macedonia, Montenegro and Albania[2] and the EFTA countries Iceland and Norway, members of the European Economic Area, align themselves with this Council Decision.
  • They will ensure that their national policies conform to this Council Decision.

Richard Yuan, Chairman of Australia China Entrepreneurs Club, discusses RCEP and Global Trade

Wednesday, January 13, 2021 - 5:00pm

SYDNEY, Jan 14, 2021 - (ACN Newswire) - Richard Yuan, chairman of Australia China Entrepreneurs Club, discussed RCEP and its impact on global trade in a recent interview.

Key Points: 
  • SYDNEY, Jan 14, 2021 - (ACN Newswire) - Richard Yuan, chairman of Australia China Entrepreneurs Club, discussed RCEP and its impact on global trade in a recent interview.
  • RCEP can connect approximately 30% of the world's population and development and generate substantial income in the right political context.
  • And, it can raise world income by US$209 billion and global trade by US$500 billion annually by 2030 according to Richard Yuan, a Chinese national living and working in Australia who is Chairman of the Australia China Entrepreneurs Club and International Ambassador of the SME Association of Australia.
  • People can estimate that the total losses in the trade war between the US and China are covered, not for China or the United States, by the RCEP and CPTPP together.

Declaration by the High Representative on behalf of the EU on the alignment of certain countries concerning restrictive measures against the Democratic Republic of the Congo

Thursday, January 14, 2021 - 12:18am

The Council renewed the existing restrictive measures for a further twelve months, until 12 December 2021, and amended the list of persons and entities subject to restrictive measures as set out in the Annex II to Decision 2010/788/CFSP.

Key Points: 
  • The Council renewed the existing restrictive measures for a further twelve months, until 12 December 2021, and amended the list of persons and entities subject to restrictive measures as set out in the Annex II to Decision 2010/788/CFSP.
  • The Candidate Countries the Republic of North Macedonia, Montenegro and Albania2 and the EFTA countries Iceland and Liechtenstein, members of the European Economic Area, align themselves with this Council Decision.
  • They will ensure that their national policies conform to this Council Decision.
  • L 419/30

    2 The Republic of North Macedonia, Montenegro and Albania continue to be part of the Stabilisation and Association Process.

UK/Vietnam Free Trade Agreement - why it's a big deal for NashTech as well as UK plc

Friday, December 11, 2020 - 5:20pm

This bilateral Free Trade Agreement strengthens the UK/Vietnam platform across trade liberalisation, legal regulation and alignment of global standards.In particular it will:

Key Points: 
  • This bilateral Free Trade Agreement strengthens the UK/Vietnam platform across trade liberalisation, legal regulation and alignment of global standards.In particular it will:
    Significantly improve protection of Intellectual Property (IP) and Design.
  • British companies will be just as protected sharing ideas and innovations with Vietnamese partners like NashTech, as they do within the UK.
  • Nick Lonsdale, CEO NashTech, commented: "For two decades NashTech has experienced the enormous value of partnership between the UK and Vietnam.
  • This Free Trade Agreement takes it one important step further and is an emphatic win for UK plc., NashTech and our clients."

Worldwide Air Freight Forwarding Industry to 2025 - Rising Free Trade Agreements Benefits the Air Freight Market - ResearchAndMarkets.com

Monday, December 7, 2020 - 3:00pm

One of the reasons for rising volumes of air freight is the rising number of free trade agreements worldwide.

Key Points: 
  • One of the reasons for rising volumes of air freight is the rising number of free trade agreements worldwide.
  • The international trade agreements have great value as they help eliminate artificial barriers to trade such as tariffs, quotas and protective subsidies.
  • Emerging array of multilateral preferential trading arrangements such as the North American Free Trade Agreement (NAFTA), the Latin American Free Trade Association, Association of Southeast Asian Nations Free Trade Area (AFTA) and many more have greatly affected the ease of doing business in today's world.
  • The Market growth in this region is expected to be faster than the growth of the market in other regions.

Procore and The United States Minority Contractors Association Partner to Provide Technical and Educational Resources to Members

Monday, December 7, 2020 - 12:45pm

Through Procore.org , Procore's social impact arm, USMCA members will receive free Procore product training, educational resources, and a discounted buying program for the Procore platform.

Key Points: 
  • Through Procore.org , Procore's social impact arm, USMCA members will receive free Procore product training, educational resources, and a discounted buying program for the Procore platform.
  • I'm excited about this partnership because it gives our members access to the latest and greatest construction technology and educational resources."
  • USMCA will provide additional technical and educational value to their members through access to the Procore platform, training resources, and educational materials.
  • Previous technology training also benefits general contractors that use Procore and hire through USMCA.

Press release - EU agreement with African, Caribbean and Pacific countries at risk

Thursday, December 3, 2020 - 12:05am

The two Chairs warned that Parliament would not give its consent to the new Post-Cotonou agreement if greater parliamentary scrutiny and democratic control were not included.

Key Points: 
  • The two Chairs warned that Parliament would not give its consent to the new Post-Cotonou agreement if greater parliamentary scrutiny and democratic control were not included.
  • The consent of Parliament is required under EU law for the international agreement to come into effect.
  • Twenty years after its initial conclusion, the Cotonou Partnership Agreement between the EU and 78 African, Caribbean and Pacific (ACP) countries should have expired in February 2020, but has been extended until December 2021 as negotiations on a successor Agreement have taken longer than planned.
  • The ACP-EU framework is the most comprehensive partnership between the EU and third countries and a key foundation of EU development cooperation and external relations.