The Ukraine crisis has come full circle. While images of revolution, war, annexation, and invasion remain fresh, it is important to remember that this upheaval actually began as a trade dispute. The EU and Ukraine wanted to increase trade via the association agreement, and Russia loudly objected, first with words and soon thereafter with guns. A shaky cease-fire is now in place, but any lasting solution to this crisis begins where it started, namely with trade. Read More …
n January 21, EU Trade Commissioner Karel de Gucht, announced his decision to consult the public on the investment provisions of the future EU-US trade agreement, known as the Transatlantic Trade and Investment Partnership (TTIP). This part of the agreement has attracted a great degree of attention from the European public. According to de Gucht, some existing arrangements have caused problems in practice, allowing companies to exploit loopholes where the legal text has been vague. He added that some Europeans “have genuine concerns about this part of the EU-US deal.” The process of public consultation will only delay negotiations on investment provisions, while talks on other areas covered by the TTIP will continue as planned. Click here
The recently concluded WTO deal should mean an increased access to Nigerian products on the international market, but this could be hampered by the country?s declining manufacturing sector. In fact, some argue that Nigeria does not even have a manufacturing sector, owing to issues of security, power and outdated infrastructure. This mirrors the situation in most of Africa, which as a whole accounts for only 1 percent of global manufacturing. Even so, continuing trade liberalization on the continent is good news. Intra-African trade is on the rise, reaching $131.1 billion in 2011. Now Nigeria and Africa must take the next step and encourage the expansion of production capacity. These efforts should include improving the skill of domestic workforce and encouraging entrepreneurship. Click here
he Dubai Chamber of Commerce and Industry sees bright prospects for e-commerce across the Middle East and North Africa and is confident of leading the region by adopting new technologies and approaches to global trade. The United Arab Emirates (UAE) is the largest market in the Middle East in terms of computer usage, and boasts the highest download speed. This allows it to combine its e-commerce with trade, transport and logistics facilities, enabling easy and cost-effective shipments to multiple global markets. Click here
ndian Commerce and Industry Minister Anand Sharma believes that India has built a ?wall? around itself, which has isolated it from the rest of the world. Despite having signed several bilateral FTAs ? casino spiele with countries such as Japan, Korea and Singapore ? India remains outside of any regional free trade agreements and is a bystander to the process of Asian regional integration. Click here
Notwithstanding the economic crisis, world trade has increased dramatically over the past decade, rising almost threefold since 2002 to reach about 18 trillion USD in 2011. Developed countries continue to constitute the main players in international trade, however developing countries account for an increasing share. As of 2011 almost half of world trade has originated from developing countries. The newly published report from United Nations Conference on Trade and Development (UNCTD): Key Trends in International Merchandise Trade has mapped out for you the overall trends in international trade across regions and sectors and important indicators related to trade flows across countries.
Read the full text: http://unctad.org/en/PublicationsLibrary/ditctab20131_en.pdf
How is poverty related to trade liberalization? Anthony Enisan Akinlo, Gabriel Adeleke and Aremo from department of Economics, Obafemi Awolowo University Nigeria has recently published a report on The Effect of Trade Liberalisation on Some Selected Poverty Indicators in Nigeria (1980-2009): Generalised Method of Moments (GMM) Approach. Below is the abstract: ?The paper examined the effect of trade liberalisation on some key identified poverty indicators in Nigeria within the period of 1980 and 2009 with a view to determining whether the trade policy as practised in Nigeria over the study period has really significantly impacted on the state of poverty. The methodology applied was Generalised Method of Moments. The findings show that trade liberalisation, in Nigeria, did not contribute significantly to poverty reduction. It is therefore pertinent that a firmer and realistic approach aimed at regularly assessing the progress made in implementing trade liberalisation programmes through effective supervision and monitoring of programmes directed at reining in on poverty be pursued.
Read the full text:?http://article.sapub.org/10.5923.j.economics.20130305.01.html
The United State is currently negotiating two massive regional trade pact: The Trans-Pacific Partnership ( trade pact with 11 Asian and Pacific countries) and the Transatlantic Trade and Investment Partnership? (trade pact with 28 European Union members). Together, the 40 country comprises the lion?s share of the global economy. Hopes for regional pacts reignited debates over whether free trade helps creates or cost U.S. jobs and helps or hurts human rights. To gain more insights on the on-going trade talks from in-depth report on U.S Trade Policy: Will New Trade Agreement Create American Jobs?
Read the full text:?(http://object.cato.org/sites/cato.org/files/articles/freetrade.pdf) ?From CQ RESEAECHER ? ? ?(http://library.cqpress.com/cqresearcher/#.UlMKTNJJ51E)