by These are some of the major trade and development headlines and analysis across the Caribbean region and the world for the week of October 2-8, 2016.
For past issues, please visit here.
Regional
China tariffs and NTBS inhibit Caribbean and Latin America imports
Stabroek: Prohibitive tariff and non-tariff barriers for trade between China and Latin America and the Caribbean (LAC) continue to seriously inhibit the prospects for the export of both agricultural and manufactured goods to the world’s single largest market, according to a recently concluded study done by the Inter-American Development Bank (IDB).. Read more
World Bank says Caribbean beginning to show signs of recovery
Trinidad Express:The World Bank says Latin America and Caribbean countries are showing signs of economic recovery and an increased volume of exports, including new products in higher quality niches. Read more
International
Pound hit by ‘flash crash’ in biggest crash since Brexit
Euractiv: The pound suffered a “flash crash” Friday morning, its biggest drop since Britain voted in June to leave the EU, with confused traders scrambling to understand the reason for the sharp sell-off. Read more
Forget Brussels, Brexit’s Toughest Battleground is the WTO
Politico.EU: WTO’s accession chief says Britain’s departure from the EU creates an unprecedented situation that could take years to resolve.Read more
Appellate Body issues report regarding EU duties on biodiesel from Argentina
WTO: On 6 October 2016, the WTO Appellate Body issued its report in the case “European Union – Anti Dumping Measures on Biodiesel from Argentina” (DS473). Read more
WTO and IFC leaders discuss action to tackle trade finance shortfall
WTO: A large and growing shortfall in trade finance is stymieing growth and development because smaller enterprises are denied access to funds which are critical to their participation in global trade. Read more
New Survey Finds Worsening Global Shortage of Trade Finance
ICC: Small- and medium-sized enterprises (SMEs) and African countries are suffering the most from a deepening global trade finance gap according to the ICC 2016 Global Survey on Trade Finance. Read more
Australian Negotiators arrive to begin post-Brexit trade talks
Telegraph: Australian officials are ready to begin work on a free-trade deal with the UK, and have recently flown in to begin hammering out the details of a landmark pact, the country’s top official in Britain has revealed. Read more
EU, US negotiators officially drop aim of concluding TTIP in 2016
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Alicia Nicholls, B.Sc., M.Sc., LL.B. is a trade and development consultant with a keen interest in sustainable development, international law and trade. You can also read more of her commentaries and follow her on Twitter @LicyLaw.
