Fidest – Agenzia giornalistica/press agency

Quotidiano di informazione – Anno 32 n° 312

Posts Tagged ‘trade’

Bruxelles This week in the trade committee

Posted by fidest press agency su lunedì, 12 ottobre 2020

Bruxelles.Monday, 12 October 2020, 16:45-18:45 Brussels, ANTALL builiding 6Q2 Extraordinary meetings of the Committee on International Trade (INTA) and Bruxelles Thursday, 15 October 2020, 11:45-12:45 and 13:45-14:45 ANTALL building 6Q2 (am session) and 4Q2 (pm session) The meeting is held with physical and remote participation (Members are able to view and listen to the proceedings, ask for the floor and intervene in the meetings, and vote). A renewed EU trade policy after the COVID-19 pandemic is the topic of the 2020 Trade Policy Day in the Parliament. Keynote speech by Trade Commissioner and Commission Executive Vice-President Valdis Dombrovskis. For further speakers, check the programme. Debates on Thursday: French-Dutch non-paper on sustainable trade. With Sigrid Kaag, Dutch Minister for Foreign Trade and Development Cooperation, and Franck Riester, French Minister Delegate for Foreign Trade and Economic Attractiveness. (14:40-15:45) Elimination of customs duties on certain products in EU-US trade for five years. Rapporteur Bernd Lange (S&D, DE) presents his draft report on the Commission proposal to mutually cut import tariffs on a small range of products, including on frozen lobsters from the US and glassware from the EU. Read his report here. (11:45-12:15) The application of EU tariff rate and other import quotas. In a Brexit-related report, rapporteur Christophe Hansen (EPP, LU) proposes to agree that these quotas should be available only for goods imported and released into free circulation in the EU and not in Northern Ireland. (13:45-14:00) In an effort to reduce the spread of the COVID-19 virus, Parliament is reducing the need for physical meetings on its premises, without compromising its role of democratic scrutiny nor its ability to approve the necessary legislative measures to combat the virus and support the public, consumers, businesses and emergency services.The required social distancing of 1.5 m will be respected on EP premises at all times. Any parliamentary activities, like committee and plenary meetings, which are still taking place will be web-streamed and can be followed by the media without requiring their physical presence on EP premises. MEPs, Commissioners, Council representatives and other invitees will be able to participate remotely.

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Hearing of Executive Vice-President Valdis Dombrovskis on trade portfolio

Posted by fidest press agency su martedì, 6 ottobre 2020

Mr Dombrovskis announced “a launch of a WTO trade and climate initiative, focusing on green goods”, acknowledging that “today, trade is about much more than just trade”. He intends to reshape the EU’s future trade policy to make it more sustainable, including in the Mercosur trade agreement where the EU must “find lasting solutions for the Amazon region” before its ratification. MEPs welcomed the planned new trade defence measure but also emphasised that the EU’s tools must be sharp enough to ensure that “existing trade agreements don’t only work on paper but in practice, too.” On Transatlantic trade relations, some MEPs asked for the EU to prepare for the WTO judgment to impose USD4 billion worth of tariffs on US goods in the Boeing case.Several MEPs called for a trade policy linked closely to the Green Deal and the Sustainable Development Goals, and a long-awaited proposal on enforcing sustainable development chapters in trade agreements through sanctions. Several MEPs expect a new trade commissioner to ensure the Mercosur deal is environmentally sustainable and to protect the respect for human rights in the investment deal with China.MEPs asked the candidate about obligatory due diligence for companies to ensure sustainable supply chains, which Mr Dombrovskis pledged to propose. Other MEPs wanted to know about future steel safeguards against dumping on the EU market and prospects for an EU-UK trade deal. Based on the committees’ recommendations, the Conference of Committee Chairs will assess the outcome of the hearing and forward its conclusions to the Conference of Presidents. The latter will carry out the final evaluation on 6 October and decide if the hearing can be concluded. If so, the plenary will vote on whether or not to approve the portfolio change on 7 October, in Brussels.

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Next week in the trade committee

Posted by fidest press agency su venerdì, 18 settembre 2020

Brussels, ANTALL builiding 4Q1Thursday 24 September 2020, 9:00-11:00, 11:30 -12:30 and 16:45 -18:45The meeting is held with remote participation (Members are able to view and listen to the proceedings, ask for the floor and intervene in the meetings, and vote).Exceptional trade measures for the Western Balkans. Rapporteur: Emmanuel Maurel (GUE/NGL, FR). Trade preferences to be continued on various agricultural products for Serbia, Montenegro, Albania, Kosovo, Bosnia and Herzegovina and North Macedonia to support the economic integration of the region.Decision on a question requiring the Commission’s oral response on trade related extra-territorial effects of third countries’ sanctions. Rapporteur: Bernd Lange (S&D, DE). The committee might want to know how the Commission wants to equip the EU to better protect it against these sanctions in general, but also what the Commission plans to do about Nord Stream 2 sanctions by the US and to improve the efficiency of INSTEX, in particular.Votes on amendments start at 10:50, on the final versions of the texts at 18:25.Elimination of customs duties on certain products in EU-US trade for five years. This is the first discussion about the Commission proposal after a mini-deal to mutually cut import tariffs on a small range of products, including on frozen lobsters from the US and glassware from the EU, was agreed between the parties this August. Rapporteur: Bernd Lange (S&D, DE) (9:05-9:45)First exchange of views with the EU’s first Chief Trade Enforcement Officer, Denis Redonnet. (9:45-10:50) on the mini-deal and other issues. (9:45-10:50). Overview of ongoing trilogue negotiations, including that on the enforcement regulation (11:30-11:40).

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Next week in the Committee on International Trade

Posted by fidest press agency su venerdì, 28 agosto 2020

Bruxelles.Thursday 3 September 2020, 9:00-11:00 and 16:45 -18:45 ANTALL builiding 4Q1The meeting is held with remote participation (Members are able to view and listen to the proceedings, ask for the floor and intervene in the meetings, and vote).
– Common commercial policy in 2018. Rapporteur: Jörgen Warborn (EPP, SE). The own-initiative report takes stock of the developments of 2018 as well as of the last two years, discussing among others EU-US relations, WTO, China, free trade agreements in effect and on the way, and trade and sustainable development. Draft report here, proposed amendments here.
– Trade committee opinions to three topics: global deforestation, Africa strategy, and the EU-Moldova Association Agreement.
Votes on amendments start at 10:40, on the final versions of the texts at 18:30.
– Presentation by German economy and energy minister Peter Altmeier on the trade priorities of the Council Presidency until the end of the year. (9:05-10:00)
– Discussion of the Geographical Indications (GI) agreement between the EU and China. Rapporteur: Iuliu Winkler (EPP, RO). The rapporteur recommends supporting last November’s agreement on the protection of GIs for wines, spirits, agricultural products and foodstuffs. Draft report here, proposal for Council to support the deal here. (16:45-17:20)
– Discussion about the trade related aspects of the foreign subsidies white paper issued by the Commission in June, with Commission officials from DG Competition. (17:20-18:20)

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Making EU Trade Agreements work to the benefit of businesses and regions

Posted by fidest press agency su mercoledì, 29 luglio 2020

EU trade agreements with third countries cover more than 70 markets over the world and offer new opportunities for EU companies, including SMEs. Almost 36 million jobs depend on EU exports, of which at least 6 million have been created directly by exporting SMEs. Europe, more than most other world regions, depends on access to foreign markets for its prosperity, and this trend will only increase further: 90% of world growth will be generated outside the EU by 2020.The growth opportunities opened with those trade agreements will not fully materialize without their full implementation. Despite recent noteworthy improvements in getting the benefits of trade agreements to our European businesses, the interplay between the relevant actors still needs to be further strengthened. Still too many European businesses are not aware of the EU trade agreements, and are not sufficiently well instructed how to use them in practice.Chambers of commerce and regional authorities are essential elements to improving implementation across the EU as they are closest to local businesses and able to provide information relevant to the regional characteristics.The workshop will be an opportunity to look into what hurdles are encountered in the member states, regions, and among the SME community in relation to implementation of FTAs and the challenges for a more effective implementation. In light of the announced focus of the upcoming Commission on improving implementation of trade agreements, the workshop will also look into the role that each level of government could play in that regard. After the presentation of the main findings of the CoR – EUROCHAMBRES survey on the implementation of FTAs and the EPRS analysis on Implementation of CETA, a panel debate will focus on the possible avenues for improving the uptake of existing EU trade agreements by SMEs in all EU member states and regions and thus for making trade and globalisation work as an engine for sustainable growth, employment and industrial renewal.

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Trade MEPs in Washington, DC, to discuss EU-US trade relations

Posted by fidest press agency su domenica, 23 febbraio 2020

A delegation of trade MEPs will meet their American counterparts in Congress and US trade officials on a four-day visit to urge easing of current EU-US trade tensions.The seven-member delegation, led by Bernd Lange (S&D, DE), the chairman of the Committee on International Trade, is in Washington, DC between 24-27 February, 2020. The first trade delegation to the US of the current legislature, and also since 2013, the trade MEPs expect to discuss about possible positive developments in trade relations between the EU and its largest trade partner. MEPs will argue for common solutions to common problems with the US.Members of the delegation:Bernd Lange (S&D, DE), chairman of the Committee on International Trade, head of delegation
Danuta Hübner (EPP, PL), Anna-Michelle Asimakopoulou (EPP, EL), Miapetra Kumpula-Natri (S&D, FI), Liesje Schreinemacher (RE, NL), Reinhard Bütikofer (Greens/EFA, DE), Geert Bourgeois (ECR, BE).The MEPs are set to meet officials at the office of the United States Trade Representative, including Deputy US Trade Representative Jeff Gerrish, and members of the House Ways and Means Committee and the Subcommittee on Trade.
hey will also meet officials of the Department of State, Treasury and Commerce, business organisations, environmental organisations, civil society, trade unions and think tanks.Bernd Lange (S&D, DE)“The delegation will meet a wide range of stakeholders, from Congressmen through environmental organizations to business, as a demonstration that our relationship with the United States extends beyond that with the current US administration. We are in Washington with one common message: only dialogue and partnership between the US and Europe can help us face current global trade challenges, such as WTO reform. We will not be bullied by ever more tariffs, but we are ready to look carefully at issues the US brings to the negotiation table.”

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Visit Brussels svela i progetti trade per il 2020

Posted by fidest press agency su mercoledì, 5 febbraio 2020

L’Ufficio del Turismo di Bruxelles, svela la strategia che orienterà le azioni sul trade nel 2020, annunciando un programma ricco di appuntamenti speciali che coinvolgeranno la filiera del turismo organizzato.Ursula Jone Gandini, Direttore Italia dell’Ufficio del Turismo di Bruxelles, dichiara: “Quest’anno moltiplicheremo le occasioni di incontro con le agenzie di viaggi. Cominciamo a marzo con un importante momento istituzionale in collaborazione con l’Ufficio Belga per il Turismo Vallonia, durante il quale gli agenti di viaggio avranno la possibilità di incontrare personalmente diversi partner provenienti dal Belgio. Parallelamente, stiamo collaborando con un noto tour operator per organizzare un roadshow in tutta Italia. Parteciperemo a diversi appuntamenti trade, come BTM Sicilia e TTG Travel Experience, e non mancheranno i nostri eventi Visit Brussels all’insegna di divertimento, formazione, buon cibo e … sorprese imprevedibili! Proprio a questo proposito, anticipo che a settembre organizzeremo una straordinaria “Secret Dinner” sulla quale ovviamente non posso rivelare nulla!”Sulla base dei dati ufficiali di Visit Brussels, aggiornati al periodo gennaio/settembre 2019, l’Italia cresce a doppia cifra sia nel numero di arrivi che di pernottamenti. “Considerando il leisure – prosegue Gandini – siamo il terzo mercato al mondo per tassi di incremento, con una media del 16%, e questo dipende anche dal supporto del trade. Il dato più interessante è la crescita dei pernottamenti, segno che non solo sempre più italiani scelgono Bruxelles, ma che decidono di fermarsi in città più a lungo, per approfittare quanto più possibile della sua eclettica offerta”.Tra festival, mostre d’arte ed eventi di ogni genere, la Capitale delle Capitali è in continuo fermento e offre opportunità diversificate per ogni target, accomunate da uno spirito anticonvenzionale, rilassato e gaudente, che intercetta sempre di più i desideri dei viaggiatori italiani.Tanti gli appuntamenti in calendario nel 2020, a cominciare dal Tapis de Fleurs, evento iconico della città che ricoprirà la Grand Place di un coloratissimo tappeto di fiori dal 13 al 16 agosto. Non mancano attività culturali di richiamo internazionale, come la retrospettiva dedicata a Keith Haring al BOZAR – Centro delle Belle Arti di Bruxelles – fino al 19 aprile, e “Punk Graphics – Too Fast to Live, Too Young to Die”, mostra che esplora il singolare ed esclusivo linguaggio visivo del movimento punk allestita all’ADAM, il Museo del Design di Bruxelles, fino al 26 aprile.

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Stop illegal trade in cats and dogs, says Public Health Committee

Posted by fidest press agency su giovedì, 23 gennaio 2020

On Tuesday, the Environment, Public Health and Food Safety Committee adopted a resolution demanding action against the illegal trade in pets to protect animal welfare, consumers and public health.The text calls for a series of measures to address illegal trafficking of companion animals, including:
• an EU Action Plan clearly setting out responsibilities to address the illegal trade in companion animals,
• a Commission proposal to set up a mandatory EU-wide system to identify and register cats and dogs,
• an EU definition of large-scale commercial breeding facilities known as puppy mills,
• improved law enforcement and tougher sanctions for those involved (veterinarians, national public services, economic operators),
• better cooperation, communication and training for customs and veterinary authorities,
• encouraging people to adopt, rather than purchase, companion animals.
The resolution was adopted with 66 votes to 0 and 3 abstentions. It will now be put to a vote at the plenary in Strasbourg. It is tentatively scheduled for the February session.Each year, many companion animals are illegally traded in the EU by abusing the EU’s pet movement legislation (Regulation (EU) No 576/2013), which is intended for non-commercial movement of pet animals.
Aside from the negative implications on public health, animal welfare and consumer protection, it has also become a source of income for organised international crime. It affects the smooth functioning of the EU internal market through lost taxes and by creating unfair competition, particularly with the increase in online sales.

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EU-Vietnam free trade deal gets green light in trade committee

Posted by fidest press agency su giovedì, 23 gennaio 2020

The Committee on International Trade backed the free trade and investment protection agreements between the EU and Vietnam on Tuesday.The committee gave its consent to the free trade agreement by 29 votes, six votes against and five abstentions and recommends that EP Plenary should do the same. The agreement will remove virtually all tariffs between the two parties in ten years. It will protect emblematic European products, and allow Europe to access the Vietnamese public procurement market.The agreement is also an instrument to protect the environment and further social progress in Vietnam, including in labour rights, the resolution accompanying the consent decision states. The trade committee’s demands from Vietnam, including on labour and human rights, as well as on the mechanism ensuring the enforceability of the sustainability clauses, was adopted by 29 votes for, nine against and two abstentions.The main elements of the trade deal are the following:
• removal of customs duties: 65% of EU exports to Vietnam will be immediately duty free, with the rest – including motorcycles, cars, pharmaceuticals, chemicals, wines, chicken and pork – gradually liberalised over ten years. 71% of Vietnamese exports to the EU will be duty free on day one, with the rest catching up in seven years. Duty-free Vietnamese exports of sensitive agricultural products, such as rice, garlic or eggs, will be limited;
• non-tariff barriers will be eliminated in the automotive sector, export and import licensing, and customs procedures. Vietnam accepted the “Made in EU” marking, beyond national markings of origin, for non-agricultural products;
• geographical indications: 169 emblematic EU products such as Parmigiano Reggiano cheese, Champagne, or Rioja wine, will enjoy protection in Vietnam, as will 39 Vietnamese products in the EU;
• services: EU companies will have improved access to business, environmental, postal and courier, banking, insurance and maritime transport services in Vietnam ;
• public procurement: EU firms will be able to bid for contracts with Vietnamese ministries, state-owned enterprises, as well as with Hanoi and Ho Chi Minh City;
• sustainable development: there are legally-binding rules on climate, labour and human rights. The agreement commits Vietnam to apply the Paris Agreement. Vietnam scheduled the ratification of two remaining bills on the abolition of forced labour and on freedom of association by 2020 and 2023, respectively. If there are human rights breaches, the trade deal can be suspended.
Separately, the trade committee also agreed by 26 votes for, seven against and six abstentions to an investment protection agreement providing an investment court system with independent judges to settle disputes between investors and state. The accompanying resolution passed by 27 votes for, seven against and five abstentions. Rapporteur Geert Bourgeois (ECR, BE) said: “With the consent to this trade deal with Vietnam, the trade committee is giving a positive signal to the ASEAN region and the rest of the world at a time when trade tensions are rising. Besides its geopolitical and economic importance, I am convinced that this agreement will accelerate the reform process within Vietnam. The ratification will strengthen further progress on labour and environmental standards and the respect for human rights.”

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Next week in Trade Committee

Posted by fidest press agency su domenica, 19 gennaio 2020

The Trade Committee will meet Monday afternoon and all day Tuesday next week. Here are the highlights.Vote on EU-Vietnam free trade and investment protection agreements. Trade MEPs will vote on a consent file and a resolution to each of the two agreements at 10:00 Tue morning .The trade agreement will eliminate virtually all tariffs on goods traded between the two sides. The investment protection agreement makes investment protection enforceable through the new Investment Court System. Rapporteur: Geert Bourgeois (ECR, BE) Presentation of report on intellectual property rigths in third countries
On Mon afternoon, Trade MEPs discuss the Commission’s latest bi-annual report on how third countries regard IPR issues. Published on 20 December last year, the report gives a detailed analysis on China.Croatian presidency trade prioritiesTuesday morning at 9:00 Croatian foreign and EU affairs minister Gordan Grlić Radman presents the priorities of his country’s presidency.
A separate hearing takes place between 15:00 and 18:00 Tuesday on trade policy in turbulent times, and how trade policy can be squared wtih sustainable development goals. More information here.
Time of meeting: Monday, 20 January 15:00-17:30, and Tuesday, 21 January 9:00-12:30 and 15:00-18:00

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Sydney Chamber chief calls BBB matchmaking “a unique opportunity” to strengthen EU/Australia trade ties

Posted by fidest press agency su lunedì, 21 maggio 2018

The Business Beyond Borders (BBB) activities at CeBIT Australia 2018 were praised by the Hon. Patricia Forsythe, Executive Director of the Sydney Business Chamber and speaker at the European Night: “Sydney is both a strong and vibrant business centre and economy, and we have a part to play in the global world, including stronger ties with Europe. Activities like this European Night and the BBB matchmaking sessions are a unique opportunity to strengthen these ties and increase the number of business partnerships at CeBIT”.Taking place during the 17th edition of CeBIT Australia (15th – 18th May), the first BBB event in the South Pacific and Oceania region focused on companies in the business technology and ICT sector. Over the course of CeBIT, BBB facilitated hundreds of one-to-one matchmaking meetings booked between 268 companies representing 27 countries.The proposed Free-Trade Agreement (FTA) between the EU and Australia was also praised as “a big step forward for EU-Australia business” by Tim Goulain, Policy and Networks Director of the European Australian Business Council (EABC), during the “Business Beyond Borders”-organised European Night networking session at CeBIT Australia:“Australia and the EU are like-minded trade, investment and business partners. The proposed FTA agreement will be a big step forward for EU-Australia business relations. The EU is Australia’s second largest trading partner; its third largest export destination; and its second largest services export market. A vast number of businesses are following the negotiations closely”, stated Mr. Goulain during the panel discussion at the European Night.Coming from Lithuania, Marius Domasevicius of Teltonika considered the matchmaking sessions at CeBIT to be very positive for their company: “We had some great meetings and managed to strike some deals, and even sell some of our products during the trade fair. It was very fruitful for us”. Likewise, Katrine Narkiewicz, the Founder Lawyer of virtual law firm, KMI Legal, founded in Sydney, said: “CebIT Australia’s European Night, organised by Business Beyond Borders, brought together an inspiring group of speakers and supporters of the EU and Australia alliance”.The BBB matchmaking event at CeBIT Australia took place two months after the first official mission to Australia and New Zealand undertaken by the European Commissioner for Internal Market, Industry, Entrepreneurship and SMEs, Elżbieta Bieńkowska, who has previously praised the great business opportunities for SMEs and other companies facilitated by this EC-funded initiative.“Business Beyond Borders” helps businesses, especially Small and Medium Enterprises (SMEs) and clusters, to trade across borders and explore third markets. It has held six successful international events (in Madrid, Cape Town, Paris, Milan, Cannes and Santiago) where over 250 new business partnerships have been agreed. The BBB event at CeBIT Australia was organised in collaboration with Deutsche Messe and the New South Wales Business Chamber.The next BBB matchmaking events will take place at AMB Iran (26th-29th June, Tehran, Iran), Renewable Energy India (18th – 20th September, New Delhi, India), and VISION (6th – 8th November, Stuttgart, Germany); and will be aimed at companies operating in the metal-cutting technology, renewable energy, and machine vision industries, respectively.

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Audio Network Awarded the Queen’s Award for Enterprise in International Trade 2018

Posted by fidest press agency su giovedì, 26 aprile 2018

Audio Network Limited, a global music company creating high-quality, original music for television, advertising, enterprise and digital media, has been awarded by Her Majesty the prestigious Queen’s Award for Enterprise in International Trade.The annual awards, announced on Her Majesty The Queen’s birthday April 21, are the UK’s most prestigious business awards, recognising and celebrating business excellence across the UK in the areas of Innovation, Sustainable Development, International Trade, and Promoting Opportunity Through Social Mobility.
As the award recipient for International Trade, Audio Network has been recognised for its phenomenal international growth over the past six years, with export sales growing by £13.8 million, representing 73% of total annual sales.This is the third award for Audio Network from Her Majesty The Queen with previous recognitions of the Queen’s Award for Innovation in 2008 and International Trade in 2012.Robb Smith, CEO of Audio Network said, “At our core, we are committed to crafting and sharing with the world the best music from renowned artists and composers. It’s an honour for us to be acknowledged through the Queen’s Award for our strength in International Trade.” The award will be presented by the Lord-Lieutenant of the County, Her Majesty The Queen’s local representative, at the Audio Network headquarters in London, followed by a reception at Buckingham Palace in June.

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Record broken in crowdfunding. Fastest exit on FundedByMe. Frontoffice gets listed on stockmarket 3 months after crowdfunding

Posted by fidest press agency su mercoledì, 25 maggio 2016

stoccolma1Stockholm, 24 May 2016: Swedish company reconstruction firm FrontOffice Nordic AB, which raised almost €600,000 from crowdfunding investors on FundedByMe in February 2016, has been listed on the Nordic Growth Market (NGM) stock exchange. This announcement makes FrontOffice the first successfully crowdfunded company in Scandinavia – and one of the first in Europe – to be listed on a stock exchange.Crowdfunding investors into FrontOffice – who could buy shares for a minimum investment of €53 – are now able to trade those shares on this regulated stock exchange, licensed by the Financial Supervisory Authority.“With the rate of market maturation, this is very exciting for FundedByMe – but also for equity crowdfunding globally,” says Daniel Daboczy, CEO and co-founder of FundedByMe. “I personally invested in FrontOffice and following this path to NGM has been thrilling. I firmly believe that this paves the way for other crowdfunding companies while reestablishing to investors the fact that equity crowdfunding is changing the finance and investment market for the better,” Daboczy continues.FrontOffice launched its crowdfunding campaign on FundedByMe on 25 November 2015 and closed it in mid-February 2016 after overfunding up to 111% from 183 investors. Since the company was founded in 2013, the aim had been to list FrontOffice shares on the stock market. “Both the company and the market was ready for a public listing and I believe that the visibility that comes with being listed on NGM will in turn enable us to help more customers,” says Johan Lund, Managing Director of FrontOffice Nordic AB (publ.).This listing comes in the same week as FundedByMe has launched its own equity crowdfunding round, which confirmed more than 80% of its €800,000 since opening 7 days ago. View that campaign here /

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UNFCCC and Trade-related issues and intellectual property

Posted by fidest press agency su sabato, 5 dicembre 2015

The 21st Conference of the Parties to the United Nations Framework Convention on Climate Change (COP21/CMP11) will be held in Paris from 30 November to 11 December 2015. This year’s conference is crucial because the expected outcome is a new international agreement on climate change, applicable to all, to keep global warming below 2°C. Although the UNFCCC negotiations do not as such deal with trade, specific trade
issues are regularly raised in UNFCCC context, which is also expected in Paris. Regarding trade in general, many countries have triclimateed to introduce parallel discussions concerning trade issues under the UNFCCC, in particular within the framework of the discussions concerning the “impact of the implementation of response measures”. As a matter of principle, the UNFCCC is not the appropriate forum to discuss trade measures and to elaborate on additional disciplines. The WTO is the established international body tasked with this purpose, and any decision regarding the use of trade measures under the UNFCCC would undermine this role. The EU argues that the UNFCCC (Article 3(5), which provides that measures taken to combat climate change, including unilateral ones, should not constitute a means of arbitrary or unjustifiable discrimination or a disguised restriction on international trade), and the Kyoto Protocol (Article 2(3), which provides that developing
countries shall strive to implement policies and measures in such a way as to minimize adverse effects on international trade) already contain the necessary provisions on the trade-climate relationship. Therefore it is proposed to continue to oppose discussion of trade measures under UNFCCC. More concretely, the following outcomes would be undesirable:
Limited Limited o the adoption of any trade provision going beyond already existingConvention principles, in particular the restriction of the use of unilateral trade measures as part of climate change policies; o the establishment of formal links between the UNFCCC institutions andWTO;o the launching of any working programme or mechanism on trade measures;
Regarding intellectual property rights (IPR), many countries keep proposing to introduce references to the role of IPR as a barrier to the dissemination of innovation and provisions promoting transfers of technology that do not sufficiently safeguard the voluntary nature of such activities. Accepting such language would create the strong risk of weakening IPR as an incentive to innovation in the area of climate related technologies. Empirical evidence proves that IPR do not hamper the use and dissemination of climate-related technologies in developing countries and cannot be seen as an obstacle to technology transfer. Only a minute proportion of patents for Climate Change Mitigation Technologies (CCMT) are actually filed in developing countries. Two studies conducted jointly by the European Patent Office and the
United Nations Environment Programme show that less than 1% of all patent applications relating to CCMT from the last 30 years (1980 to 2009) have been filed in Africa and less than 3% of worldwide CCMT patent applications are filed in Latin America.
Pursuant to Article 3(5) of the UNFCCC, modelled on Article XX of GATT, “he Parties should cooperate topromote a supportive and open international economic system that would lead to sustainable economic growth and development in all Parties, particularly developing country Parties, thus enabling them better to address the problems of climate change. Measures taken to combat climate change, including unilateral
ones, should not constitute a means of arbitrary or unjustifiable discrimination or a disguised restriction on international trade.”

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Trade agreements and data flows: Safeguarding the EU data protection standards

Posted by fidest press agency su sabato, 13 giugno 2015

BruxellesBruxelles Tuesday, 16 June, 10.00 – 12.30, room Paul-Henri Spaak (PHS) 3C050Several trade negotiations and trade agreements including services (TTIP, TISA, CETA) touch upon areas that have an impact on data flows between the EU and the partner country (e.g. financial services, telecommunications). To which extent do these negotiations respect the EU’s acquis on data privacy? What are the views of our trading partners on these issues? Which offensive and defensive interests are at stake? These are some of the issues to be addressed in a hearing jointly organised by the Civil Liberties, Justice and Home Affairs Committee and the International Trade Committee on “Trade agreements and data flows: Safeguarding the EU data protection standards” on Tuesday, from 10.00 to 12.30.
The hearing, co-chaired by Bernd Lange (S&D, DE) and Claude Moraes (S&D, UK), will be divided in two panels, one on “Data flows, localisation and global value chains: offensive and defensive interests at stake”, and the other on “Data flows between the EU and partner countries: how to comply with the EU standards on data protection and fundamental rights?”. Hearing’s webpage

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Predicting a company’s stock return, through trade credit links

Posted by fidest press agency su mercoledì, 29 aprile 2015

lisbonaAccording to new research from Saïd Business School, Oxford and Católica Lisbon Business School, businesses that extend high levels of trade credit to their customers and engage in foreign sales have stock returns that are strongly predictable based on the stock returns of their associated international customers. This means that firms that extend high levels of trade credit may be more vulnerable to shocks to their customers, especially during financial crises.Sumudu W. Watugala said: ‘The implications of these findings are that during a financial crisis, investors and policy makers should monitor the economic links between supplier and customer firms across countries, especially the use of trade credit. Extending high levels of trade credit may make firms more vulnerable to shocks to their customers. This paper sheds light on a source of firm risk that may lead to cross-border financial contagion.’Trade credit, or the credit extended by suppliers to their customers, represents a significant source of financing for many firms. In the study, the use of trade credit was measured via the relative levels of accounts receivables on a firm’s balance sheet. Financing with trade credit is particularly important for firms that are bank credit-constrained or operate in emerging markets with underdeveloped legal systems and capital markets.The findings were launched in a publication in the Journal of Financial Economics titled, ‘Trade Credit and Cross-Country Predictable Firm Returns’ which was authored by Professor Tarun Ramadorai and Sumudu W. Watugala at Saïd Business School, University of Oxford, and Professor Rui Albuquerque, Boston University and Católica Lisbon.During financial crises, stock market movements across the globe appear synchronised. To explain this observation, many have highlighted the role of direct economic links. Recent domestic evidence from the US shows that economic links not only explain contemporaneous correlations between firms’ stock returns, but also provide useful information for predicting future firm-level stock returns. The paper specifically focuses on the role of an important economic connection between suppliers and customers that leads to return predictability across borders.The report analysed data from 43 countries from 1993 to 2009 and the authors developed an asset pricing model to better understand the effect in which firms in different countries are connected by trade credit links. Suppliers who extend trade credit have an implicit stake in the future prospects of their customers. The model offers further predictions about this phenomenon, for which the authors find empirical evidence, including stronger predictability during periods of high credit constraints and low uninformed trading volume.

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Ghana Trade & Investmen

Posted by fidest press agency su mercoledì, 29 ottobre 2014

ghanaRoma Il 31 ottobre 2014 si svolgerà, presso la sede del Ministero degli Affari Esteri e della Cooperazione Internazionale italiana, il “Ghana Trade & Investment Forum”, iniziativa organizzata da UNIDO ITPO Italy e MAECI, in collaborazione con World Trade Centre Accra, Confindustria e ICE Agenzia. All’evento parteciperà una nutrita delegazione proveniente dal Ghana, forte di esponenti del mondo istituzionale ed imprenditoriale di questa “stella d’Africa”. All’evento saranno inoltre presenti numerose autorità e rappresentanti di rilievo nazionali, quali esponenti di Confindustria e del Ministero dell’Ambiente della Repubblica Italiana.La prima parte della giornata sarà dedicata alla presentazione del Ghana, con un focus particolare dedicato alla Green Economy, alle Infrastrutture e all’Agro-Industria, temi molto cari e soprattutto in linea con le priorità e gli obiettivi dell’Agenzia UN.La delegazione africana avrà modo di presentare il potenziale economico, le opportunità di business e quelle di investimento offerte dal Paese. Questa nazione, beneficiando di una solida struttura politica e di un’economia che sta attraversando una notevole fase di sviluppo, possiede tutti i requisiti per essere attraente agli occhi degli investitori. Le aziende partecipanti all’evento ricoprono i settori economici più svariati: dalla logistica all’agroalimentare, passando per il settore delle costruzioni/infrastrutture e quello minerario. Tale varietà consentirà alle aziende italiane di spaziare ed esplorare appieno il panorama industriale ghanese, specialmente durante gli incontri B2B della sessione pomeridiana, principale veicolo per la creazione di collaborazioni imprenditoriali forti e durature.

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Groundbreaking Report Commissioned by Born Free USA Uncovers Ivory Supply Chain from Poached African Elephants to Markets in Asia

Posted by fidest press agency su lunedì, 20 ottobre 2014

born freeWashington, Born Free USA and C4ADS released a groundbreaking report, Out of Africa: Criminalisation of the African Ivory Trade, which focuses on the ivory supply chain and the trafficking of ivory from the bush in Africa to retail markets tens of thousands of miles away in Asia. This information comes four months after the groups’ shocking report, Ivory’s Curse: The Militarisation and Professionalisation of Poaching in Africa, which detailed the poaching crisis and its links to violent militias, organized crime, and government corruption. View the full report at According to Adam M. Roberts, CEO of The Born Free Foundation and Born Free USA, “The ivory trade is operating today at the highest level since the 1989 commercial ivory trade ban. Our investigation reveals that between 2009 and June 2014, there were more than 90 large-scale ivory seizures, collectively weighing almost 170 tons that bear the hallmarks of international organized crime. This would amount to approximately 229,729 elephants killed and trafficked in fewer than six years.””It is well known that East Asian nationals, and, in particular, the Chinese, drive the modern ivory trade. However, the scale we found in our investigation was shocking; Chinese traffickers are present in virtually every single African range state, and operate at nearly every point along the ivory supply chain,” Roberts explains. Varun Vira, Chief of Analysis at C4ADS and co-author of the report commissioned by Born Free USA, said, “The ivory trade is worth billions of dollars but is still talked about as if it were an unprofessional, disorganized, and artisanal industry, of concern only to conservationists. In reality, it is a highly organized, complex global crime that has avoided consequence for decades. However, our report reveals that there may be as few as 100 large-scale ivory containers moving annually that drive the vast majority of the entire illegal trade. Focusing efforts on intercepting these containers and tracing back their owners and facilitators can have a real impact on the trade.” (born free)

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Operators up by 15% to 65 thousand from 145 countries

Posted by fidest press agency su lunedì, 29 settembre 2014

verona-city-gateVerona 30 September – 3 October 2015 Indicators up and new records for the 49th Marmomacc, held for the first time in conjunction with Abitare il Tempo: more than 65.000 operators toured the halls, up by 15% over 2013, with 54% of attendance (+4,000) from 145 countries (143 last year). At the end of four show days at Veronafiere (24-27 September), the top ten international visitors saw India take first place, followed by Germany, Turkey, Spain and France. Then came China, the USA, Brazil, Russia and Egypt. There was also significant attendance from the United Kingdom, Iran, South Korea, Portugal and Poland. “This edition marked a critical step for Marmomacc, in terms of both the international development of the sector and the reciprocal promotion agreement with Expo 2015,” said Ettore Riello, President of Veronafiere. It is equally proof that trade shows are a strategic asset in Italy’s industrial policy and highlights Veronafiere’s leading role in Italy and abroad.
“This is a very positive result for the companies producing natural stone products, furniture and furnishing – all examples of excellence Made in Italy,” said Giovanni Mantovani, CEO of Veronafiere. Such results are not fortuitous but the result of the major promotion Veronafiere implements through its network of delegates in 60 countries and the initiatives of Marmomacc in the World. Such action this year achieved an increase in exhibitors (1502 from 58 countries), joined by more than 80 companies attending Abitare il Tempo, as well as official trade delegations from 45 countries.”
Marmomacc thereby confirms its status as the landmark international event for the entire natural stone value chain, from materials to manufacturing technologies and training opportunities for architects and designers. This year, for the first time, the show was held alongside Abitare il Tempo – the exhibition dedicated to furniture, interior finishes and the contract world.
The next edition of Marmomacc and Abitare il Tempo is scheduled Wednesday 30 September to Saturday 3 October 2015.

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The trade policy of the European Union

Posted by fidest press agency su martedì, 8 maggio 2012

This study by Iana Dreyer assesses the trade policy of the European Union (EU) in its neighbourhood and formulates proposals for the “Deep and Comprehensive Free Trade Agreements” (DCFTAs) that the EU is currently offering to Ukraine, Moldova, Georgia, Armenia, Jordan, Egypt, Tunisia and Morocco, as part of the European Neighbourhood Policy and in response to the democratisation processes in the region.The study puts DCFTAs in context by taking stock of the trade policy arrangements currently in place with all its neighbours. It also benchmarks the DCFTA projects against the Free Trade Agreements (FTAs) the EU has signed in recent years with emerging markets outside its neighbourhood. The fundamental issue at stake is how far the EU should push the EU acquis communautaire in particular in the field of technical and sanitary standards. Another important issue is the need to foster investment in the partner economies. Also DCFTAs should be considered a means to foster industrial renewal on both sides. The proposals revolve around an ambitious mutual trade and investment liberalisation agenda, an alternative solution to regulatory alignment in standards, and a customs union to both achieve the goals of regional economic integration and reduce the distortions coming from rules of origin in FTAs.

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