Multilateralism

Press release - Products made with forced labour to be banned from EU single market

Retrieved on: 
Thursday, April 25, 2024

Products made with forced labour to be banned from EU single market

Key Points: 
  • Products made with forced labour to be banned from EU single market
    - Suspected use of forced labour to be investigated and, if proven, products to be withdrawn from the market
    - Attention to products coming from areas with a high risk of state-imposed forced labour
    - Products may be allowed back on the market if forced labour is eliminated from the supply chain
    Parliament has given its final approval to a new regulation enabling the EU to prohibit the sale, import, and export of goods made using forced labour.
  • Several risk factors and criteria will be taken into account, including the prevalence of state-imposed forced labour in certain economic sectors and geographic areas.
  • Consequences for companies using forced labour
    Manufacturers of banned goods will have to withdraw their products from the EU single market and donate, recycle or destroy them.
  • The goods may be allowed back on the EU single market once the company eliminates forced labour from its supply chains.

Press release - MEPs consent to the EU withdrawing from the Energy Charter Treaty

Retrieved on: 
Thursday, April 25, 2024

MEPs consent to the EU withdrawing from the Energy Charter Treaty

Key Points: 
  • MEPs consent to the EU withdrawing from the Energy Charter Treaty
    Parliament’s approval is needed for the EU to exit from the Energy Charter Treaty.
  • The recommendation from the Industry, Research, Energy, and International Trade committees was adopted with 560 votes to 43, with 27 abstentions.
  • The Energy Charter Treaty (ECT), established in 1994 to govern trade and investment in the energy sector, has become controversial.
  • The EU is finally withdrawing from the climate-hostile Energy Charter Treaty.

China’s Interim Measures for the Management of Generative AI Services: A Comparison Between the Final and Draft Versions of the Text

Retrieved on: 
Tuesday, April 23, 2024

Authors: Yirong Sun and Jingxian Zeng Edited by Josh Lee Kok Thong (FPF) and Sakshi Shivhare (FPF) The following is a guest post to the FPF blog by Yirong Sun, research fellow at the New York University School of Law Guarini Institute for Global Legal Studies at NYU School of Law: Global Law & Tech [?]

Key Points: 


Authors: Yirong Sun and Jingxian Zeng Edited by Josh Lee Kok Thong (FPF) and Sakshi Shivhare (FPF) The following is a guest post to the FPF blog by Yirong Sun, research fellow at the New York University School of Law Guarini Institute for Global Legal Studies at NYU School of Law: Global Law & Tech [?]

EQS-News: Tony Elumelu Foundation Announces 10th Cohort of Entrepreneurship Programme – 20,000 Entrepreneurs Funded Across Africa

Retrieved on: 
Wednesday, April 10, 2024

The Tony Elumelu Foundation (TEF), the leading philanthropy empowering young African entrepreneurs from all 54 African countries, has announced the successful entrepreneurs in its tenth selection for the TEF Entrepreneurship Programme.

Key Points: 
  • The Tony Elumelu Foundation (TEF), the leading philanthropy empowering young African entrepreneurs from all 54 African countries, has announced the successful entrepreneurs in its tenth selection for the TEF Entrepreneurship Programme.
  • The Tony Elumelu Foundation has disbursed US$100,000,000 directly to young African entrepreneurs, who have created over 400,000 direct and indirect jobs, contributing significantly to Africa's economic growth and development.
  • Since inception in 2010, the Tony Elumelu Foundation has pioneered an innovative approach to seeding, capacitising and networking young entrepreneurs across Africa.
  • To learn more about the Tony Elumelu Foundation Entrepreneurship Programme "Decade of Impact" please see here ( https://apo-opa.co/3IULYeS ).

EMGA secures US$ 50M debt finance for Kazakhstan’s MFO KMF

Retrieved on: 
Tuesday, April 9, 2024

KMF Chairman of the Board Shalkar Zhusupov: "This is the first time that KMF has entered into a partnership with JICA, whose goals and mission are close to our own.

Key Points: 
  • KMF Chairman of the Board Shalkar Zhusupov: "This is the first time that KMF has entered into a partnership with JICA, whose goals and mission are close to our own.
  • EMGA’s Head of Investment Banking and Managing Director Sajeev Chakkalakal said, “We are delighted to have arranged this new landmark debt facility for our long-standing client KMF.
  • MFO “KMF” disburses clients individual and group loans for the following types of activity: business, trade, crop farming and cattle-breeding, production and services and consumer lending.
  • Emerging Markets Global Advisory Limited (EMGA), with offices in London and New York, helps financial institutions and corporates seeking new debt or equity capital.

China's Yunhong Group inks cooperation to support overseas expansion

Retrieved on: 
Tuesday, April 9, 2024

In the meeting ahead of the signing ceremony, Wu Dong, chairman of Yunhong Group, said that the deep cooperation with the Global Digital Trade Port (Hainan) Enterprise Management is an important step for Yunhong Group to follow the Belt and Road Initiative and enable enterprises to integrate into the global industrial chain of the digital economy.

Key Points: 
  • In the meeting ahead of the signing ceremony, Wu Dong, chairman of Yunhong Group, said that the deep cooperation with the Global Digital Trade Port (Hainan) Enterprise Management is an important step for Yunhong Group to follow the Belt and Road Initiative and enable enterprises to integrate into the global industrial chain of the digital economy.
  • Wu said the group will leverage the Hainan company's supply chain platform to provide high-quality products and services for global merchants, while enhancing the competitiveness of Yunhong Group in global digital trade and obtaining more opportunities for international cooperation.
  • Sheng Chaolin, president of Global Digital Trade Port (Hainan) Enterprise Management Co., Ltd., looks forward to strengthening cooperation with the China Overseas Investment Fair and China Overseas Development Association.
  • Yunhong Peptide Food & Beverage (Hubei) Co., Ltd., a subsidiary of Yunhong Group, won the national craftsman brand of China Overseas Investment Fair.

Taiwan hosts 11th Smart City Summit & Expo, showcasing global innovations

Retrieved on: 
Wednesday, March 20, 2024

This annual event, highlighting smart city applications in transportation and net-zero solutions, is a collaboration between the city of Kaohsiung, the Taiwan Smart City Solutions Alliance (TSSA) and the Taipei Computer Association.

Key Points: 
  • This annual event, highlighting smart city applications in transportation and net-zero solutions, is a collaboration between the city of Kaohsiung, the Taiwan Smart City Solutions Alliance (TSSA) and the Taipei Computer Association.
  • Also, Presidential Office Secretary-General Lin Chia-lung emphasized Taiwan's leading role in ICT and semiconductor AI, stressing that Taiwan can contribute and lead in the smart city and green city nexus.
  • "I believe that smart cities must be green cities, and to become green, they must be smart cities," he added.
  • Set to take place in Taipei and Kaohsiung, the SCSE will also feature a "Net Zero City Leaders Summit" and a City COP Forum, fostering substantive global city collaborations.

A Global and Regional Green Hydrogen Market Analysis and Forecast, 2023-2024 and 2033: Impacts of Decarbonization, Infrastructure Developments, and Falling Renewable Energy Costs - ResearchAndMarkets.com

Retrieved on: 
Monday, April 1, 2024

This growth of the green hydrogen market is likely to be driven by low variable renewable energy (VRE) electricity cost, global plans for net-zero emissions by 2050, and increasing awareness regarding green hydrogen.

Key Points: 
  • This growth of the green hydrogen market is likely to be driven by low variable renewable energy (VRE) electricity cost, global plans for net-zero emissions by 2050, and increasing awareness regarding green hydrogen.
  • However, the production of green hydrogen is currently faced with several challenges, including high costs and significant energy requirements.
  • The application of green hydrogen as an industrial feedstock represents a significant and transformative segment of the global green hydrogen market.
  • Among the prominent players in the global green hydrogen market, the public players dominate, commanding approximately 93.3% of the market share in 2022.

Green Hydrogen Industry Research 2023: Worldwide Government Plans for Net-Zero Emissions by 2050 Spearheading Growth - Global and Regional Forecasts to 2033

Retrieved on: 
Thursday, March 28, 2024

This growth of the green hydrogen market is likely to be driven by low variable renewable energy (VRE) electricity cost, global plans for net-zero emissions by 2050, and increasing awareness regarding green hydrogen.

Key Points: 
  • This growth of the green hydrogen market is likely to be driven by low variable renewable energy (VRE) electricity cost, global plans for net-zero emissions by 2050, and increasing awareness regarding green hydrogen.
  • This method is particularly advantageous because it results in zero carbon emissions, making green hydrogen a clean energy source.
  • The application of green hydrogen as an industrial feedstock represents a significant and transformative segment of the global green hydrogen market.
  • Among the prominent players in the global green hydrogen market, the public players dominate, commanding approximately 93.3% of the market share in 2022.

Global Launch of Impressions of Beijing: An Ambassadorial Perspective

Retrieved on: 
Wednesday, March 27, 2024

LONDON, March 27, 2024 /PRNewswire/ -- The My Impression of Beijing multimedia video series was recently released at the London Book Fair in the United Kingdom. The series showcases six ambassadors to China who shared their impressions and experiences of Beijing. The featured diplomats included South African Ambassador Xie Shengwen, former Pakistani Ambassador Moin ul Haque, Cypriot Ambassador Martha Mavrommati, Sudanese Ambassador Omer Mohamed Ahmed Siddig, Greek Ambassador Evgenios Dimitrios Kalpyris, and Mongolian Ambassador Tuvshin Badral.

Key Points: 
  • The series showcases six ambassadors to China who shared their impressions and experiences of Beijing.
  • The video launch event was presided over by Li Hongwen, Executive Director of China National Publications Import and Export (Group) Corporation (CNPIEC) .
  • Chang Bo, President of China Publishing Group, was also present and delivered a speech at the event.
  • He noted that their thoughts and feelings provide a profound reflection of how diverse cultures and nationalities interpret the essence of Beijing.