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Issue 33| November 16, 2012
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Cuba's push for international trade
Cuba recently opened the 30th International Trade Fair of Havana (FIHAV 2012). The fair attracted about 1,500 companies from 62 countries. It is important to develop an investment process so foreign trade could continue playing an important role in Cuba, said Cuba's Foreign Trade and Investment Minister Rodrigo Malmierca.. During the trade fair, the country will showcase its best products from the following industries: biotechnology food, construction and raw materials. Read more.
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Canada and India ready for a greater partnership
Canadian Prime Minister Stephen Harper's first full day in India included a business roundtable discussion focused primarily on showcasing trade and investment deals with India. Prime Minister Harper discussed 14 deals estimated at more than $2.5 billion. Canada is hoping to secure a bilateral investment treaty with India to increase trade. Currently, a bilateral trade between both countries is $5.2 billion. Both governments anticipate increasing this number to $15 billion by 2015. Read more. |
The United States and East African communities announce progress under Trade and Investment Partnership
The East African Community and the United States are taking important steps to advance the U.S.-EAC Trade and Investment Partnership. This new partnership recognizes the important role that trade and investment plays in economic and social development including job creation, both in East Africa and the United States. The initial items, which both the EAC and U.S have agreed to explore under this new agreement, includes an investment treaty, a trade facilitation agreement, continued trade capacity building assistance and a commercial dialogue. Read more. |
China retaliates against European Union in trade dispute
As a response to the European Union and United States' efforts to limit imports of Chinese solar panels, the Chinese government filed a case with the World Trade Organization accusing some European countries of violating free trade rules with policies that favor European-made solar panels. European and United States officials have accused China of "dumping solar panels in foreign markets below the cost of manufacturing them and of subsidizing their manufacture." China denies the accusation and states that the countries "policies violated a free trade rule that countries not impose policies that have the effect of subsidizing domestic production as a substitution for imports. Read more. |
Vietnam to boost trade ties with Uruguay
Vietnam President Truong Tan Sang recently met with Vice President of the Eastern Republic of Uruguay Danilo Astori. President Sang said Vietnam is willing to serve as a bridge for Uruguay goods into the Association of Southeast Asian Nations market. The agreement between the two countries should open the way for trade and economic cooperation, agriculture, oil, gas and telecommunication. Vice President Astori said that in the short-term, the two countries should implement the Framework Agreement signed in 2007 and forge new deals to boost bilateral economic and trade ties. Read more. |
HSBC sees future growth in global trade
Trade will stage a modest recovery in 2013, announced HSBC. The bank said it expected trade to expand about 5 percent next year, picking up to a range of 6-7 percent in 2014-2016, driven by ever-closer commercial links between emerging markets. The projection is broadly in line with that of the World Trade Organization, which expects growth of 4.5 percent. The future increase in global trade will be greatly influenced by fast-growing Asian countries and by 'South-South' trade between emerging economies. Read more. |
Invitation: 2013 Global Economic Outlook
Join us for the last Global Initiatives Council session of 2012 on Nov. 21, 9-10:30 a.m. to hear from Dr. Ira Kalish, Director of Global Economics, Deloitte for a future look at the global economy.
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Compiled by Global Initiatives Interns Aaron Borboa, Brittany Garcia and Tanya Gonzalez. For more information, contact Jasmin Sakai-Gonzalez, 213.580.7569. |
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