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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.
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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.
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WTO Admits Two New Member States
5/8/2012 The World Trade Organisation is to approve Samoa's accession to membership of
the global trade body on May 10, 2012, following Montenegro's accession on April
29, 2012.
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Nigeria Achieves Notable Success With Free Trade Zones
4/12/2012 During a recent conference in Lagos, the Managing Director of Nigeria Export Processing
Zones Authority, Adesina Agboluaje, disclosed that almost NGN2.2 trillion has, so far, been invested in Nigeria’s free trade zones.
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WTO Makes UAE Trade Recommendations
4/9/2012 The United Arab Emirates plays an important role in the multilateral trading system and has taken bold steps to diversify the economy away from oil and gas, according to the World Trade Organisation.
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EFTA, Indonesia Hold FTA Negotiations
4/6/2012 The fourth round of negotiations towards a 'Comprehensive Economic Partnership
Agreement' between the European Free Trade Association states and Indonesia concluded
on March 29, 2012.
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Moroccan Lawmakers Examine 2012 Finance Law
3/19/2012 The Moroccan finance ministry has announced that the country’s 2012 finance bill, providing for a number of key fiscal measures, has recently been submitted to the two chambers of parliament for examination in plenary session.
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CARICOM Trade Bloc 'In Crisis'
3/1/2012 The Caribbean Community, an economic bloc among Caribbean territories, is at breaking point, according to a document circulated among its fifteen member states which urges rapid structural and operational reform.
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EU Opens FTA Talks With Armenia
2/27/2012 The European Union has confirmed its decision to launch negotiations with Armenia towards
a deep and comprehensive free trade area to boost bilateral trade
and investment ties.
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Another Solid Year For The DIFC
2/23/2012 Despite the impact of the European debt crisis, the global economic downturn and political turmoil in certain parts of the region, the Dubai International Financial Centre continues to strengthen its position as the leading international financial centre in the region.
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Peru, Mexico FTA Comes Into Force
2/3/2012 An updated free trade pact between Peru and Mexico, which will increase the number
of tariff items with preferences attached to 12,000, entered into force on February
1, 2012.
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Taiwan Looks To Join TPP Within 10 Years
1/31/2012 Following his re-election earlier this month, President Ma Ying-jeou has confirmed
his wish to see Taiwan as a member of the Trans-Pacific Partnership within
ten years, and to make Kaohsiung, in the south of Taiwan, into a free trade zone.
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WTO To Ease LDC Accession Requirements
1/27/2012 The Sub-Committee on Least Developed Countries, on January 20, agreed to start
work on developing recommendations to “further strengthen, streamline and operationalize”
current guidelines on the accession process of LDCs, as called for in a decision
by the Eighth WTO Ministerial Conference last month.
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Australia Welcomes Indonesia Into Regional FTA
1/13/2012 Australia's Trade Minister Craig Emerson has welcomed the entry into force in
Indonesia of the ASEAN-Australia-New Zealand Free Trade Agreement, hailing
it a milestone in the relationship between the two countries.
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Indonesia Ratifies ASEAN's FTA With Australia-NZ
1/11/2012 The ASEAN group's Free Trade Agreement with Australia and New Zealand fully came
into force for all nations on January 10, 2012, with Indonesia the last party
to ratify the agreement.
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WTO Extends Deadline In Labelling Dispute
1/11/2012 Canada, Mexico and the US's joint request was granted at the meeting of the Dispute Settlement
Body, to extend, until March 23, 2012, the deadline for the adoption or appeal of
the panel reports in the case regarding country of origin labelling requirements.
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Canada Examines Its FTZ Policies
12/30/2011 Canada is to consult on its foreign trade zone-like policies and programmes in an effort to ensure their international competitiveness.
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Liechtenstein Joins Schengen Area
12/16/2011 During a recent meeting of European Council interior ministers in Brussels,
the green light was given for Liechtenstein’s full accession to the Schengen
area.
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EU, North Africa Open Trade Negotiations
12/16/2011 The European Commission has welcomed the decision of the European Union Foreign Affairs Council to authorise the opening of trade negotiations with
Egypt, Jordan, Morocco and Tunisia.
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Japan Ratifies Peruvian Free Trade Pact
12/14/2011 Japan's parliament has ratified the pending free trade agreement signed with
Peru, follow the pact's signature in May 31, 2011.
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China Issues Its First Foreign Trade White Paper
12/12/2011 The first white paper on China’s foreign trade has been issued by the government,
pointing out that, since its accession to the World Trade Organization in 2001, China has opened up its markets significantly, and has established
many free trade agreements in the Asian region.
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WTO Members Resisting Protectionism
11/24/2011 The World Trade Organisation has published its annual report on developments in
the international trading environment, which comprehensively tracks measures implemented by nations over the past twelve months
that restrict or liberalize global trade.
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DMCC Welcomes Rise In Company Formations
11/24/2011 The Dubai Multi Commodities Centre Authority, the licensing body for the Jumeirah Lakes Towers Free Zone, has registered more than 1,000 new companies in the past 10months.
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Barbados To Tap Latin American Trade Opportunities
10/27/2011 Barbados Minister of Tourism, Richard Sealy has welcomed the 'highly productive'
meetings held with officials and business leaders in Panama aimed at enhancing
bilateral trade and boosting tourism receipts for both countries.
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G-20 Nations Failing To Honour Protectionism Pledges
10/27/2011 Disappointingly weak growth in some G-20 members is testing the political resolve
of many governments to resist trade protectionism, says a new report from the World
Trade Organization, the United Nations and the Organisation for Economic Cooperation and Development,
which examines trade and investment measures implemented in the third quarter of 2011.
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Progress Made In Canada-EU FTA Talks
10/24/2011 Representatives for Canada and the European Union have concluded a 'productive' ninth round of talks toward a free trade agreement, with progress made in the core market access areas of goods, services, investment and government procurement.
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Canada, EU Edge Closer To Trade Deal
10/19/2011 Canada and the European Union are holding a ninth round of talks on a free trade agreement, with the negotiations described by the Canadian government as the most significant trade initiative in fifteen years.
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Canada, Morocco Talk Free Trade
10/13/2011 Canada and Morocco have begun the first round of negotiations toward a first time free trade agreement.
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China Looks At Measures To Increase Imports
10/4/2011 In a speech to China’s Import Forum 2011 in Shanghai, Zhong Shan, the Deputy
Minister of Commerce, said that the government is currently studying measures
to encourage imports, so as to provide a re-balancing of the country’s foreign
trade relationships.
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Tax Of Lesser Importance In New-Age FTAs: WTO
9/19/2011 The World Trade Organisation has announced the publication of its annual World Trade
Report for 2011, focusing on the role that Preferential Trade Agreements play in the development of the multilateral trading system.
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Cayman SEZ Receives Green Light
8/31/2011 The Cayman Islands government has announced the signing of an agreement with
Cayman Enterprise City, which allows the developer exclusive rights to construct,
develop, operate and maintain a special economic zone in the islands.
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DIFC Continues Growth
8/1/2011 The Dubai International Financial Centre, the financial and business hub connecting Dubai with the developed markets of Europe, Asia and the Americas, has posted an up-beat report on its performance in the first half of 2011.
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Cayman Islands To Launch Special Economic Zone
7/21/2011 The Cayman Islands, in partnership with Cayman Enterprise City, is to launch a special economic zone, intended to attract global science, technology, commodities and derivatives, media, and educational entities to the country.
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Lamy Proposes 'Three Speed Approach' To Doha
6/3/2011 The Doha Round has precious little negotiating time left to it, and, while members have begun to accept the gravity of the situation, more must be done, according to Pascal Lamy, who has advocated a 'three lane' approach to prioritizing the issues left on the table.
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WTO Members Confront Doha Deadlock
5/4/2011 The achievements of 10 years of negotiations must not be discarded in the face of continuing Doha Round stalemate, World Trade Organisation delegates have stressed, as director general Pascal Lamy warns of talks teetering on the brink of failure.
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APEC Business Leaders Call For Free Trade Deal
5/3/2011 The APEC Business Advisory Council, formed of business leaders from the
21 economies of the Asia-Pacific Economic Cooperation have recommended,
during a recent meeting in Seoul, that concrete steps should be taken to realise
a Free Trade Area of the Asia-Pacific.
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Pakistan, India Discussing Bilateral Trade Resolutions
4/29/2011 India and Pakistan engaged in talks on April 27-28 to discuss hurdles to bilateral
trade under the South Asian Free Trade Area pact.
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Peru, Mexico Agree New Free Trade Deal
4/11/2011 After five years’ negotiation, Mexico and Peru have signed an agreement to expand
the number of products that are exempt from trade tariffs, described
by Peruvian President Alan Garcia as a key step towards concluding a more ambitious
four-party free trade pact to include Chile and Colombia.
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Caribbean, Latin America Seek Closer US Trade Ties
3/28/2011 The Economic Commission for Latin America and the Caribbean has taken the opportunity of the presence of US President, Barack Obama in Latin American nations to call for
the commencement of trade negotiations between the two continents and the United
States, noting that conditions are now right.
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Credibility Of WTO Endangered, Warns Lamy
3/28/2011 The Director-General of the World Trade Organization,Pascal Lamy, said in a speech to the Annual
Session of the Parliamentary Conference that nations must do everything
in their power to ensure the success of the Doha Round or risk a 'catastrophic
weakening to the credibility of the WTO.'
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Indian Government At Odds Over SEZs
3/17/2011 The Indian Commerce Secretary Rahul Khullar is still very concerned about the withdrawal of the income tax exemption given to the country’s special economic zones, as announced in the budget.
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Dubai Commodities Centre Promotes Its Benefits
3/14/2011 The Dubai Multi Commodities Centre Authority, the free zone authority for the Jumeirah Lakes Towers, recently hosted an exclusive networking event for members from 10 international Business Councils, drawing attention to the free zone's many benefits, such as the 50-year holiday on personal and corporate tax.
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WTO Reviews Transparency Mechanism For RTAs
2/15/2011 The World Trade Organization's Negotiating Group on Rules, on February 4, 2011, commenced its review of the WTO Transparency Mechanism for Regional Trade Agreements by considering two proposals: one from the United States for the consideration of all RTAs under a single WTO Committee; and one from Ecuador for procedural adjustments to the mechanism.
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Lamy Urges On Doha Participants
2/7/2011 The World Trade Organization’s Director General, Pascal Lamy, as chairperson
of the Trade Negotiations Committee, urged WTO ambassadors on February 2 to
engage in bilateral and small group discussions on resolving key obstacles to
a near-global multilateral free trade agreement, through the Doha Round.
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St Kitts Welcomes Free Trade Prospects With Brazil
2/3/2011 Saint Kitts and Nevis has welcomed negotiations with Brazil towards a ‘Partial
Scope Agreement’ which will provide preferential tariffs to the twin-island
federation for businesses engaged in manufacturing, in what Prime Minister Denzil
Douglas described as a ‘win-win’ situation for both states.
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Cameron Issues Doha Clarion Call
2/2/2011 A newly-published report from the UK government and championed by Prime Minister,
David Cameron, argues that for the Doha agreement to be successful negotiations
must be concluded by the end of 2011.
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Cayman Islands Plan Special Economic Zones
1/28/2011 The Cayman Islands government has announced that it has entered into a Memorandum of Understanding to establish a free zone which is expected to offer attractive terms to those looking to make tax-efficient technology-based investments in the Caribbean and Americas region.
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APEC Commits To Free Trade
11/12/2010 Trade and foreign ministers of the 21 Asia-Pacific Economic Cooperation member nations recommended the extension of the commitment to a standstill on
new trade and investment barriers until the end of 2013, and confirmed that concrete
steps should be taken to realise a Free Trade Area of the Asia-Pacific.
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Japan Bids To Join Pacific Trade Area
11/10/2010 Japan's Prime Minister Naoto Kan has indicated that Japan is willing to participate in talks on joining a free trade pact with the Trans-Pacific Partnership as discussions begin in Yokohama at the 21-member Asia-Pacific Economic Cooperation forum.
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GCC Customs Revenue Sharing Agreement Near
11/10/2010 Gulf Cooperation Council countries are nearing an agreement on the terms for a
regional customs union that would establish a free trade zone within the six-party
bloc with harmonized tariffs of 5% on imported goods.
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Syria Eyes Mercosur Trade Deal
10/5/2010 Syrian Assistant Minister of Trade and Economy, Khaled Sallouta has reported
back after meeting with the head of the Brazillian International Negotiations
Department at the country’s Foreign Ministry, Evandro de Sampaio Didonet,
in which the diplomats initialled an agreement to begin negotiations towards a Free Trade Agreement between Syria and the Mercosur bloc, which Brazil
is currently chairing.
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APEC Officials Focus On Free Trade
9/29/2010 Asia-Pacific Economic Cooperation officials met recently in Japan to discuss
key reports and recommendations on enhancing regional trade and economic integration
that will be submitted to leaders and ministers of its member economies when they
meet in November this year.
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South Korea, China Look To FTA Talks
8/6/2010 The South Korean Ambassador to China, Yu Woo-ik, has said in an interview that
South Korea and China are likely to begin official talks on a free trade agreement next year.
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Colombia Suspends VAT
7/29/2010 A 30 day 'social emergency' has been declared in 37 Colombian municipalities that border Venezuela and the country’s 16% VAT has been suspended in these areas on specified commercial transactions, in order to mitigate economic problems arising from Venezuela's decision to sever all relations with Colombia.
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CARICOM Seeks FTA With Canada
7/22/2010 The governments of Antigua and Barbuda and Saint Kitts and Nevis have announced
that, before the end of the month the two territories will have concluded their
public consultations on a proposed regional Free Trade Agreement with Canada.
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Russia Continues Crisis Tax On Car Imports
7/13/2010 Russia will retain crisis import duties of 30-35% on new and used cars until 2012 or longer.
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Nigeria Confirms Commitment To Free Trade Zones
6/25/2010 During a visit to the two zones being constructed in Lagos state, Nigeria’s
Federal Minister of Commerce and Industry, Jubril Martins-Kuye, confirmed
the government’s support for the establishment of further free trade zones in the country.
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Proposed Free Trade Zone For Milan
6/23/2010 As part of the proposed reforms to decentralise taxes and expenditure in Italy,
the mayor of Milan, Letizia Moratti, has put forward the idea of making Milan
into a free trade zone.
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Belarus Postpones Customs Union
6/15/2010 Belarus has postponed the establishment of a Customs Union with Russia and Kazakhstan, who are likely to proceed without Belarus as the Union is scheduled to come into being on July 1, 2010.
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DAFZ Woos Japanese Investors
6/8/2010 During a recent trade mission to Japan, Japanese investors were invited to
establish operations within the Dubai Airport Freezone by its Director
General, Mohammed Al Zarooni. The Free Zone has recently been recognized as the second best
free zone, in terms of its low tax offerings, in the world.
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Dubai Airport Free Zone On Track
6/2/2010 Dubai World Central, the 140 sq km zone established to house the Al Maktoum
Airport – due to be the largest airport in the world – is to have
its first phase opening on June 27. The zone was recently ranked the second most attractive
tax-free zone in terms of its offerings internationally, and is set to
expand its leasable space by 90% by 2012.
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APEC To Explore Asia-PAC Free Trade Area
6/2/2010 As trade ministers from the Asia-Pacific Economic Cooperation group prepare for
their annual meeting on June 5 and 6, its Business Advisory Council has
delivered a set of recommendations, including the creation of an Asia-Pacific free trade area.
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