finance | banking | taxes


Business as usual - How free trade agreements jeopardise financial sector reform
In contrast with the current wide-ranging financial reform agenda in the European Union, the EU continues to liberalise a wide range of risky and non-risky financial services in the General Agreement on Trade in Services and other Free Trade Agreements as if the financial crisis never happened. This SOMO briefing paper gives specific examples on how new EU regulations are in contrast with the pre-crisis model that is still being applied in the GATS negotiations, the Cariforum-EU Economic Partnership Agreement and the EU-South Korea FTA.
US: More than 250 economists call for trade reforms to allow capital controls
In a letter delivered January 31, more than 250 economists urged the Obama administration to reform US trade rules that restrict the use of capital controls.
GCC close to meeting monetary union plan
At the end of 2009, all GCC countries, with the exception of UAE and Oman which disengaged from the plan, were within the fiscal convergence criteria needed for the regional monetary union, the Washington-based Institute of International Finance (IIF) said.
Malaysia can become a gateway for Emirati investors, Deputy Governor Bank Negara Malaysia
Dato' Mohd Razif Deputy Governor of Bank Negara Malaysia (BNM) said that Malaysia has ample investment opportunities in various fields and can become a gateway for Emirati investors to access Asian Markets, expressing his resolve to open joint ventures between Malaysia and United Arab Emirates to enhance economic and trade ties between them.
Malaysia To Include Islamic Banking In FTA Talks With GCC
Malaysia, which is currently in the midst of negotiating a free trade agreement (FTA) with the Gulf Cooperation Council (GCC), will look at several sectors including Islamic banking to be included in the FTA.
The changing landscape of export credit agencies in the context of the global financial crisis
New study by Kavaljit Singh on the structure and role of export credit agencies, an integral part of trade finance and investment relations
Rural banks decry ASEAN free trade pact
The Rural Bankers Association of the Philippines says its sector will suffer greatly as tariffs on farm goods fall in line with the implementation of the ASEAN FTA.
Taiwan won’t let China acquire local financial firms
Taiwan won’t allow Chinese banks to acquire local financial institutions when it signs an economic cooperation agreement with the mainland, Premier Wu Den-yih said.
Review of trade policies of India’s major trading partners
A review of market access barriers faced by Indian exporters in its major trading partners and other select countries, 24 in all.
Opposition lawmakers may stall Canada-Panama free trade accord
The free trade agreement between Canada and Panama signed Aug. 11 may be stalled or even defeated in Canada’s Parliament unless Prime Minister Stephen Harper can convince at least one opposition party to overcome concerns about Panama’s tax policies.