Dow Jones Risk & Compliance has launched ExImCheck (‘Export-Import Check’), a new solution that enables efficient, auditable checks for trade compliance risk. ExImCheck is a web-based tool that allows financial services firms and international trading companies to search for dual-use goods,...
On 4 December, the WTO launched a new edition of “Tariff Negotiations and Renegotiations under the GATT and the WTO”. The publication reviews how the procedures and practices regarding tariff negotiations have evolved since the General Agreement on Tariffs and Trade (GATT) was established over...
President Trump said Saturday he will soon terminate the North American Free Trade Agreement to pave the way for congressional consideration of the reworked agreement known as the USMCA. Termination would start a six-month withdrawal period and give lawmakers a deadline to choose between the new...
https://www.hellenicshippingnews.com/trump-set-to-terminate-nafta-creating-deadline-for-lawmakers/
Chinese President Xi Jinping and the leaders of major developing economies condemned protectionism at a G20 summit in Argentina overshadowed by U.S. President Donald Trump’s threat to escalate tariffs on China. This year’s two-day gathering is a major test for the Group of 20 industrialized...
German Finance Minister Olaf Scholz on Saturday urged continued vigilance and increased transparency a decade after the global financial crisis, citing the risks posed by continued high government debt levels and steep unemployment in some countries. Scholz, speaking to reporters at the summit of...
https://www.hellenicshippingnews.com/german-finance-minister-warns-of-continued-debt-risk/
Closer collaboration between China and the European Union is crucial to uphold multilateral collaboration frameworks and ensure global economic stability, Chinese and European commentators said. Their comments come at a time when China is increasingly opening up its market to foreign access and...
https://www.hellenicshippingnews.com/eu-ties-key-for-global-economy/
French banks may end up relocating significantly fewer staff than originally expected from London to mainland Europe after Brexit, banking officials said. Sector analysts had forecast that France’s three biggest banks – BNP Paribas (BNPP.PA), Credit Agricole (CAGR.PA) and Societe Generale (SOGN.PA)...
https://www.hellenicshippingnews.com/french-banks-scale-back-plans-for-post-brexit-staff-moves/
There was no announcement but word still made its way to European bankers as summer turned to autumn: For them, Brexit day was the end of 2018, not March 29, 2019, when the U.K. splits from the European Union. That’s because executives in London needed three months notice for derivatives deals that...
https://www.hellenicshippingnews.com/the-race-to-avoid-a-lehman-moment-for-bankers-after-brexit/
China said it won’t allow reform of the World Trade Organization to include stripping it of its status as a developing nation, a move that would challenge its state-led development model. Speaking in Beijing, Deputy Commerce Minister Wang Shouwen said WTO reform should address developing nations’...
Italy and the European Commission will work in the coming days to bring closer their positions on Italy’s 2019 draft budget, which the EU executive says breaks EU laws by not reducing the country’s huge public debt. European Commission President Jean-Claude Juncker met on Saturday evening with...