Stories that are tagged 'business'

	ECJ Urged To Confirm Passenger Delay Compensation 5/16/2012 An Advocate General has proposed to the European Court of Justice that it should confirm that a passenger whose flight is delayed by three hours or more may seek flat-rate compensation from the airline.
	BC Unveils New Sales Tax Law 5/16/2012 Kevin Falcon, the Finance Minister of the Canadian province of British Columbia, has introduced legislation to meet government's commitment to return to the Provincial Sales Tax on April 1, 2013.
	Vietnam's SMEs Get VAT Boost 5/16/2012 Vietnam’s Ministry of Finance has announced an extension to value added tax payment deadlines, so as to provide financial assistance, in particular, to small and medium-sized enterprises.
	Australia To Clarify GAAR 5/16/2012 Australian Assistant Treasurer David Bradbury has announced the formation of an expert roundtable to assist with the implementation of the government's clarifications of the definition of 'tax benefit' under Australia's general anti-avoidance rule.
	Hong Kong Abolishes Corporate Capital Duty 5/15/2012 The Registrar of Companies, Ada L L Chung, has announced that the capital duty currently levied on Hong Kong companies will be abolished from June 1, 2012.
	BVI To Enhance Companies Legislation 5/16/2012 The British Virgin Islands government has completed the first phase of implementing amendments to the Business Companies Act, set to enter into force later this year.
	Guernsey Announces Aircraft Registry Plans 5/15/2012 The Guernsey government has announced that it has agreed with a private sector partner to launch an aircraft registry from the island.
	SA Will Not Impose Australian-Style Mining Tax 5/14/2012 At a press briefing, Mineral Resources Minister Susan Shabangu has confirmed that South Africa will not follow Australia in implementing a ‘mining super tax’.
	UK E-Seller Amnesty Deadline Looms 5/14/2012 HM Revenue and Customs has warned people trading on the internet and who may have tax irregularities that they now have just one month to take part in the e-sellers tax amnesty and avail of lower penalty rates.
	MEPs Agree Deal On Mobile Roaming Price Caps 5/14/2012 Data roaming and phone calls abroad for European Union consumers should be much cheaper from July 1 this year, due to an agreement with the European Council which has been endorsed by the European Parliament.
	China Plugs Its Tax Help For SMEs 5/14/2012 China’s Minister of Finance Xie Xuren, at a seminar, has emphasized the support that should be given by pro-active fiscal policies to the development of small and medium-sized enterprises in the country.
	UK Government Blasted Over IR35 Proposals 5/14/2012 HMRC has missed a great opportunity to bring clarity, transparency and fairness in dealing with the intermediaries legislation commonly referred to as IR35, according to members of the freelance community who were invited on to the Treasury forum to discus the issue.
	Democrats Introduce In-Sourcing Bill Into US Congress 5/15/2012 Democrats in the Senate and House of Representatives have introduced into the United States Congress the main tax measure out of President Barack Obama’s recently-announced “To Do List”, to provide a tax credit for companies over the cost of moving operations back to the country.
	Canada Highlights Improved Online Tax Services 5/14/2012 Gail Shea, Canada's Minister of National Revenue, has highlighted the Harper government’s efforts to reduce the tax administrative and compliance burden for businesses in Canada through the provision of online tax filing facilities.
	South Korea To Cut Property CGT 5/14/2012 The South Korean government has disclosed that it will try to boost the local housing market by relaxing restrictions on property transactions and cutting property transfer tax rates.
	Spain Told To Recover Film Industry State Aid 5/14/2012 The European Commission has concluded following an investigation that the subsidization of Ciudad de la Luz film studio complex by the Valencia Regional Government in Spain contravened European law, as a grant worth EUR265m (USD343m) was not provided on market conditions.
	Qatar DTA Will Boost Investment In Bermuda, Says Cox 5/11/2012 Bermuda's Premier, and Minister for Finance, Paula Cox, has stressed that the signing of a Double Tax Agreement with Qatar will significantly strengthen the territory's ability to act as a western hub for the Islamic financial services industry.
	Russian Beer Tax Hikes Slash Industry Profitability 5/11/2012 Beer manufacturer Carlsberg has reported that its pre-tax profits for its Russian business has all but evaporated during the first few months of this year, on the back of steep alcohol tax hikes introduced at the start of 2012.
	China, Colombia Initiate Free Trade Talks 5/11/2012 Colombian President Juan Manuel Santos has welcomed the conclusion of a total of nine cooperation agreements with China during a recent official visit to Beijing, where it was agreed that the two countries would commence discussions on the feasibility of a bilateral free trade agreement.
	Hong Kong Concerned At Operation Of US Volcker Rule 5/14/2012 Following is a question in the Legislative Council, the Secretary for Financial Services and the Treasury, Professor K C Chan, confirmed that Hong Kong shares the concerns raised by other financial markets, such as Canada, France, Germany, Japan and the United Kingdom, over the extra-territorial reach and the implementation of the United States’ Volcker Rule restrictions.
	Putin Backs Ratification Of WTO Commitments This Year 5/14/2012 Russia's new President, Vladimir Putin has dismissed calls to delay the nation's accession to the World Trade Organisation.
	Hearing Focusses On US Consumer Internet Privacy 5/10/2012 The Federal Trade Commission and the Department of Commerce have used their testimonies before a hearing of the United States Senate Committee on Commerce, Science and Transportation to describe the Administration’s efforts to protect consumer privacy over the internet.
	Hong Kong Still Sees Problems On Mainland Services 5/11/2012 Secretary for Commerce and Economic Development, Gregory So, has replied to a question in the Legislative Council regarding the tax and procedural difficulties being experienced by the Hong Kong services sector in developing business in Mainland China.
	Hungary To Abolish Bank Tax 5/11/2012 The Hungarian government has announced plans to halve the country’s bank tax in 2013, before subsequently abolishing the levy in 2014.
	Malaysia, India Sign Revised DTA 5/10/2012 On May 9, 2012, in Kuala Lumpur, Vijay Gokhale, the High Commissioner of India to Malaysia, and Wan Abdul Aziz Wan Abdullah, Secretary General of Treasury in the Malaysian Ministry of Finance signed a revised double taxation agreement between their two countries.
	HMRC Expands RTI Pilot 5/11/2012 HM Revenue and Customs has announced the addition of a further 310 employer schemes to its Real Time Information pilot, which launched last month.
	Parliamentary Committee Approves Philippines 'Sin Tax' Reform 5/11/2012 The Ways and Means Committee of the Philippines House of Representatives has approved an amended version of the bill to reform the existing ‘sin taxes’ on alcohol and cigarette products.
	EU Fails To Unite On Basel III 5/10/2012 Despite a marathon round of intense negotiations in Brussels, led by the Danish Presidency of the European Union, EU Economic and Financial Affairs Council ministers failed to agree a common approach on the issue of more stringent capital standards.
	Obama Presents Tax 'To Do List' To Congress 5/10/2012 President Barack Obama has used remarks at the State University of New York in Albany to present a ‘To Do List’ of tax measures that, in his opinion, the United States Congress should pass to increase employment and economic growth.
	IoM Concludes 30th Tax Sharing Pact, With Qatar 5/10/2012 The Isle of Man government has announced the signing of a comprehensive double tax agreement with Qatar, only the fifth agreement of its type to be negotiated by the Isle of Man, but the 30th agreement to include tax information exchange provisions.
	Australian Budget Scraps Planned Business Tax Cuts 5/10/2012 A planned cut to business tax rates will not go ahead in Australia, as the government seeks to redirect projected mining tax revenue to help families and small businesses in the face of ongoing disputes with opposition parties.
	Financial Crisis Hits Jersey Finance Industry Profits 5/10/2012 The Jersey government's latest statistical report shows a significant decline in the profitability and size of the nation's financial services industry since the start of the financial crisis, putting pressure on Jersey tax receipts. Recent figures for 2011, however, show modest signs of improvements.
	Vale Suffers Setback In Brazilian Tax Fight 5/9/2012 The world's second largest mining company Vale SA, has announced that Brazil's highest judicial authority, the Superior Court of Justice, has stripped the company of an injunction it previously received which 'suspended the effects of the unfavourable rulings related to the taxation of its foreign subsidiaries' earnings'.
	EU, US Agree Common List Of 'Trusted Traders' 5/9/2012 The United States and the European Union have agreed to recognize one another's list of 'certified trusted traders', exposing these companies to faster, and less burdensome customs clearance procedures, to cut costs and introduce a more stable environment for cross-Atlantic trade.
	Gibraltar Promotes E-Gaming Specialism In US 5/9/2012 The Gibraltar government has sought to improve relations and expand on business opportunities with United States regulators, operators and businesses, with a delegation led by the Rock's Minister with responsibility for gambling, Gilbert Licudi, to the GiGse Totally Gaming conference in San Francisco.
	US Lawmakers Question GSA 'Kickback' Policy 5/9/2012 The House of Representatives Ways and Means Subcommittee on Oversight Chairman, Charles Boustany, has sent a letter to 15 departments and two agencies across the United States government seeking information about the potential ‘abuse’ of the energy efficient commercial buildings deduction.
	Offshore Merger And Acquisition Activity Rises 5/9/2012 A new report from Appleby shows that transaction values for mergers and acquisitions (M&A) in major offshore financial centers rose by 25% in the first quarter of 2012.
	Juncker Insists Fiscal Compact Not Up For Renegotiation 5/9/2012 Luxembourg’s Prime Minister and Eurogroup President Jean-Claude Juncker has firmly ruled out the idea of completely renegotiating the fiscal compact, agreed by twenty-five of the twenty-seven European Union member states back in March, and aimed at strengthening budgetary discipline, following the election of François Hollande as the new French President.
	India To Defer GAAR Implementation 5/9/2012 India’s Finance Ministry is to push back the implementation of its controversial general anti-avoidance rule for a year and will amend some of its key provisions.
	China Introduces CorporateTax Breaks For IT 5/7/2012 To encourage innovation in information technology and industrial technical upgrading, China’s State Administration of Taxation has announced preferential corporate income taxes for producers of software and integrated circuits.
	Australian Businesses To Benefit From Loss Carry Back Scheme 5/7/2012 Australia’s government is to introduce a new business tax relief with a ‘loss carry-back' initiative, designed to give businesses greater access to their legitimate tax deductions when making losses.
	European Court Rules Software Functionality Not Copyright Protected 5/8/2012 In SAS Institute Inc. v. World Programming Ltd, the Court of Justice of the European Union has made an important ruling in that computer functions, programming languages, and data file formats could not qualify for copyright protection, and that only actual software code was eligible for copyright protection.
	Indonesia Imposes Export Tax, Restrictions On Mineral Ore Exports 5/7/2012 The Indonesian government is to place a tax on the export of certain raw minerals, as well as banning their export by mining companies that have not agreed plans for local processing in the country.
	WIPO, EPO Agree To Support Patent Cooperation Treaty 5/8/2012 With the aim of further developing the international patent system within the framework of the Patent Cooperation Treaty, the European Patent Office and the World Intellectual Property Organization have agreed on a comprehensive three-year technical co-operation scheme.
	France Begins Examination Of Hollande's Election Tax Package 5/8/2012 Following the upcoming legislative elections in June, French lawmakers are to convene during an extraordinary session in July to examine a bill containing the fiscal pledges outlined by President-elect François Hollande during his election campaign, expected to increase the fiscal burden on households in France to the tune of around EUR14bn (USD18.26bn).
	WTO Members Ready To Revisit Doha Agenda 5/8/2012 World Trade Organisation member states have informally agreed to return to the negotiating table to progress the Doha Agenda at a pace that recognises the present crisis-time challenges for nations globally.
	IoM Will Not Follow UK's Lead On Taxing Business Jets 5/7/2012 The Isle of Man's Treasury Minister, Eddie Teare has confirmed that, despite the territory maintaining many similar elements to the United Kingdom tax regime, the island will not follow suit with the UK government's decision to begin taxing small business aircraft under the Air Passenger Duty regime.
	Hong Kong Readies Corporate Disclosure Regime 5/7/2012 Hong Kong’s Securities and Futures Commission and Hong Kong Exchanges and Clearing Limited have both welcomed the enactment of the Securities and Futures (Amendment) Ordinance 2012, which, in particular, establishes a statutory disclosure regime for listed companies.
	Tax Guidance Issued For Foreign Ships Visiting Australia 5/4/2012 The Australian Taxation Office has recently issued guidance on the tax requirements that must be met by foreign-based ship owners and charterers carrying passengers, livestock, mail or goods shipped in Australia.
	Hollande, Sarkozy Go Head-To-Head On Tax 5/7/2012 During a long, bitter televised debate, aimed at attracting wavering voters ahead of Sarkozy's defeat on May 6, and punctuated by attack and counter attack, outgoing French President Nicolas Sarkozy and new Socialist President François Hollande went head-to-head on key election battleground issues including taxation in France and the crisis in Europe.
	HMRC Increases Use Of Asset Seizure Powers 5/7/2012 The UK tax authority, HM Revenue and Customs is increasingly using its powers to seize businesses assets in order to recover unpaid value-added tax bills, new statistics show.
	IoM Welcomes CBI Endorsement 5/4/2012 The Isle of Man's Treasury Minister, Eddie Teare has welcomed further recognition of the role being played by competitive tax jurisdictions in supporting economic growth, in particular in the United Kingdom.
	NZ Parliament Passes International Tax Amendments 5/4/2012 The Taxation (International Investment and Remedial Matters) Bill, introduced in October 2010 to reform taxation on the gains of New Zealand residents from their investments in overseas entities, has passed its final stages in Parliament.
	Irish Tax Debt Falls, Shadow Economy Targeted 5/4/2012 The latest annual report of the Irish tax authority, the Revenue Commissioners, shows 'solid performance in challenging circumstances', with enforcement efforts yielding an increase in tax receipts and a reduction in outstanding tax debt.
	IRS Reviews Tax-Exempt Status Revocations 5/7/2012 Following a request from the United States Internal Revenue Service, the Treasury Inspector General for Tax Administration reviewed its Exempt Organizations function’s implementation of the provisions of the Pension Protection Act of 2006 related to the automatic revocation of an organization’s tax-exempt status.
	Nissan Infiniti Locates Global HQ In Hong Kong 5/4/2012 Invest Hong Kong has used its recent assistance to Infiniti, Nissan Motor’s luxury car brand, while basing its global headquarters in the city, to highlight Hong Kong's favoured position as a preferred location for overseas multinationals.
	New Zealand, Canada Sign DTA 5/3/2012 On May 3, New Zealand’s Revenue Minister, Peter Dunne, and the Canadian Minister of International Trade, Ed Fast, signed an updated double tax agreement to replace their countries’ 1980 bilateral treaty.
	Trinidad And Tobago Joins Nations Under Caribbean Court 5/4/2012 In a move that strengthens Caribbean legal cooperation, Trinidad and Tobago has agreed to adopt the Caribbean Court of Justice as the nation's final court of appeal, replacing its colonial link to the Judicial Committee of the UK's Privy Council.
	IRD Issues 2m Individual Tax Returns In Hong Kong 5/3/2012 As Hong Kong’s Inland Revenue Department begins sending out 2.16m tax returns, the Commissioner of Inland Revenue, Chu Yam-yuen, reminded individual taxpayers to file their tax returns by June 2, while sole proprietors of unincorporated businesses have until August 2.
	Hong Kong Will Not Change Depreciation Rules 5/3/2012 In reply to a question in the Legislative Council, Hong Kong’s Secretary for Commerce and Economic Development, Gregory So, said that the government could not permit Hong Kong enterprises with import processing subsidiaries in Mainland China to submit claims for depreciation for machinery used there.
	France Publishes 2011 Patent Applicant Rankings 5/4/2012 The French national institute for industrial property has recently published details of the 2011 rankings for the country’s top patent applicants, based on the number of patents published last year.
	Report Shows Incentives For US Companies To Drop Health Cover 5/4/2012 In a new report prepared for the House of Representatives Ways and Means Committee, data from United States Fortune 100 companies show that they could save significant amounts under the new health care law by simply terminating health insurance for their workers and putting those employees into taxpayer-funded health care exchanges.
	IRS Accepting Applications For Taxpayer Clinic Grants 5/4/2012 After the recent disclosure that applications could be made for the Tax Counselling for the Elderly and Volunteer Income Tax Assistance grant programmes, the United States Internal Revenue Service has now also announced the opening of the 2013 Low Income Taxpayer Clinic grant application process.
	Canada Highlights Trade Support For Manufacturing 5/2/2012 Speaking at a manufacturing summit in Ontario, Canada’s Minister of Finance Jim Flaherty has highlighted the government’s contributions to helping build a strong domestic manufacturing sector through investment incentives and reduced trade tariffs.
	HKMA Reviews Its Progress In 2011 5/3/2012 In addition to its actions to strengthen further the risk management of banks through its supervisory actions and countercyclical measures on property mortgages, the Hong Kong Monetary Authority pointed, in its 2011 Annual Report, to its support to the further expansion of renminbi market activities in Hong Kong.
	Uganda Advised To Widen Tax Base 5/2/2012 During a speech to an African Tax Administration Forum workshop in Kampala, the European Head of Mission Roberto Ridolfi has remarked that Uganda’s tax base needs to be widened urgently in order to increase the government’s revenues.
	US Issues Annual IPR Country Report 5/3/2012 The Office of the United States Trade Representative has released its annual ‘Special 301 Report’ on the perceived adequacy and effectiveness of US trading partners’ protection and enforcement of intellectual property rights (IPR).
	HMRC Will Not Appeal Stamp Duty Ruling 5/3/2012 The UK tax authority, HM Revenue and Customs, will no longer seek to impose Stamp Duty Reserve Tax on the issue of shares to depositary receipt issuers and clearance services outside the European Union following a recent legal ruling.
	Canada, Serbia Sign DTA 5/2/2012 Canada and Serbia have signed a convention for the avoidance of double taxation with respect to taxes on income and capital, which will restrict the rate at which withholding tax is applied on income between the two countries.
	Chile Announces Tax Reform Plan 5/2/2012 Chilean Finance Minister, Felipe Larrain has confirmed a package of measures that aims to improve income distribution, and fund education reforms, whilst maintaining Chile's competitiveness. This is to include the elimination of import duties from 2015, setting the nation apart from the rest of Latin America.
	ASEAN Enhances Patent Cooperation Programme 5/2/2012 As announced by the Association of Southeast Asian Nations Intellectual Property Offices, their Patent Examination Co-operation (ASPEC) programme has now been enhanced, after a regular review at a working group meeting in Bangkok in November last year.
	Further Attacks Launched On Italian Tax Evaders 5/1/2012 Following an announcement by the Italian financial police, Guardia di Finanza, that it has already uncovered substantial amounts of undeclared income in the first four months of 2012, the Italian Revenue Agency launched countrywide anti-evasion checks during the May Day holidays.
	Germany's SPD Eyes Solidarity Tax Rise 5/1/2012 The idea of maintaining and increasing beyond 2019 the country’s highly unpopular solidarity levy, as a means with which to finance the reduction of old debt, is rapidly gaining momentum among leaders of Social Democrat-led states.
	Barbados Targets US Investors 5/2/2012 Barbados's Prime Minister Freundel Stuart has highlighted the advantages of doing business in the territory for United States investors as the US Chamber of Commerce prepares to launch an office in the country this year.
	HMRC Warned Of RTI Impact On Small Firms 5/1/2012 The Low Incomes Tax Reform Group has said that the UK tax authority, HM Revenue and Customs, has underestimated the impact of Real Time Information on small employers.
	Hong Kong Gazettes Budget Measures 4/30/2012 The Inland Revenue (Amendment) Bill 2012, which aims to implement the concessionary revenue measures proposed in the 2012-13 Budget, has been gazetted in Hong Kong.
	Canada Legislates For Measures To Boost Business 4/30/2012 Canadian Finance Minister Jim Flaherty has introduced legislation to implement key elements of his 2012 Budget designed to improve conditions for business investment.
	US House Passes Cybersecurity Bill 5/1/2012 Despite the indication that it would be vetoed by President Obama if it were to arrive on his desk, the United States House of Representatives has approved the Cyber Intelligence Sharing and Protection Act, which would encourage companies and the government to share information about cyber threats facing networks.
	Ireland, US In Talks Over FATCA 5/1/2012 Ireland and the United States are in talks to establish a common approach to the Foreign Account Tax Compliance Act, drawing on domestic and international tax legislation and treaties.
	UK, EU Talk 'Shadow Banking' Regulation 5/1/2012 At a conference on ‘shadow banking’ in Brussels, both Michel Barnier, European Commissioner for Internal Market and Services, and Paul Tucker, the Bank of England’s Deputy Governor for Financial Stability, have outlined their views on policies for its better regulation.
	German States Seek To Further Simplify Tax Law 4/27/2012 Germany’s federal states are pressing ahead with plans to simplify the country’s tax law.
	Geithner Finds Progress In US-China Trade Relations 4/30/2012 In remarks made to the Commonwealth Club of California in San Francisco, Timothy Geithner, the US Treasury Secretary, reviewed the development of the trading and economic relationship between the United States and China, and pronounced that significant progress has been made.
	Taiwan's Cabinet Tweaks Final CGT Structure 4/30/2012 Taiwan’s Finance Minister Christina Liu has confirmed the government has agreed the final structure of the new capital gains tax, that it intends to impose on profits made from trading in shares and bonds.
	DFSA Wins Regulatory Court Case 4/30/2012 The Dubai Financial Services Authority has won an important case before its own Regulatory Appeals Committee on the provision of financial services by a business and two of its company directors.
	Barbados's Tax Transparency Framework Endorsed 4/27/2012 The Barbados government has welcomed recognition from the Organization for Economic Cooperation and Development that its legislative and regulatory framework for the exchange of tax information meets international standards.
	Supreme Court Limits IRS In Tax Shelter Challenge 4/30/2012 The United States Supreme Court has rejected an attempt by the Internal Revenue Service to use a longer six-year cut-off period under the statute of limitations, rather than the usual three years, for its assessment of ‘Son of Boss’ tax shelter schemes.
	Hong Kong Signs DTA With Malaysia 4/27/2012 On April 25, in Kuala Lumpur, Hong Kong’s Financial Secretary, John C Tsang, and the Malaysian Minister of Finance, Ahmad Husni Hanadzlah, signed a comprehensive double taxation agreement between Hong Kong and Malaysia.
	UK Consults On Corporate Governance Reforms 4/27/2012 The UK's Financial Reporting Council has launched a consultation on planned revisions to corporate governance and auditing rules intended to give effect to new company stewardship proposals.
	Finland Adopts Stability Programmes 4/27/2012 The Finish government has recently announced that it has approved both the Stability and Europe 2020 National Programmes, designed to track medium-term economic development, and to enable the country to meet its European fiscal targets.
	Canada-EU Trade Talks Entering Final Straight 4/26/2012 An ambitious Canada-European Union trade agreement will benefit businesses and workers, ministers from Canada and Denmark said after they met to discuss the ongoing negotiations.
	China Confirms Slowdown In Tax Revenue Growth 4/26/2012 The Ministry of Finance has announced final figures showing that China's tax revenues increased substantially by 10.3% in the first quarter of 2012, much less than the increase of 32.4% experienced in the first quarter of last year, and the slowest growth rate in three years.
	Congress Examines Tax-Advantaged Health Accounts 4/27/2012 On April 25, a US Congressional panel held a hearing focused on the limitations imposed on the purchase of over-the-counter medication with tax-advantaged accounts, such as health care flexible spending arrangements, health savings accounts and health reimbursement accounts.
	Australian Inspector-General Reviews SME Compliance 4/26/2012 The Australian Taxation Office could improve its compliance approaches to small- and medium-sized enterprises and high wealth individuals in a number of areas, according to a new report.
	EU Data Watchdog Confirms ACTA Privacy Concerns 4/26/2012 The European Data Protection Supervisor has issued a further Opinion, deciding that the Anti-Counterfeiting Trade Agreement may have unacceptable side effects on the fundamental rights of individuals, if its measures are not implemented properly.
	Hong Kong Confirms Business Registration Fee Waiver 4/25/2012 The Revenue (Reduction of Business Registration Fees) Order 2012, which waives Hong Kong’s business registration fees for one year, came into effect on April 1, 2012, the territory's Inland Revenue Department has confirmed.
	Bermuda Concludes Marketing Push In China 4/26/2012 Business Bermuda, the promotional agency for the territory's financial services industry, has concluded a week-long business development and relationship-building trip in Shanghai and Beijing mirroring the decisions of other small, low-tax, financial centres targeting the region as a new source of financial services growth.
	Canada Targets Immigrant Entrepreneurs 4/26/2012 The Canadian government has launched consultations on plans for a new 'start-up visa' designed to attract immigrant entrepreneurs and bolster the economy.
	EU Parliament Backs Mandatory CCCTB 4/26/2012 The European Parliament has voted in favour of making mandatory the implementation of a Common Consolidated Corporate Tax Base among European Union member states despite sustained opposition from some nations.
	Canada, Costa Rica To Expand FTA 4/25/2012 Canada and Costa Rica have concluded a third round of talks on the expansion and modernization of their existing free trade agreement.
	St Kitts, Brazil To Sign Free Trade Pact 4/25/2012 The government of Saint Kitts and Nevis has received notification from Brazil that it is ready to sign the Partial Scope Agreement on trade that the two territories have been negotiating for a year.

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