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EU Funding To Boost Caribbean EPA Implementation 5/25/2012 The Caribbean Development Bank and the European Union have agreed to fund a multi-million facility to aid members of the Caribbean Community in implementing the necessary reforms to allow them to fully benefit from the preferential trade conditions provided for in the CARIFORUM-EU Economic Partnership Agreement.
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France Publishes Revised 2012 'Black List' 4/26/2012 French Finance Minister François Baroin and Budget Minister Valérie
Pécresse have recently updated the country’s ‘black
list’ of countries deemed to be ‘uncooperative’ in tax matters.
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CARICOM Trade Bloc 'In Crisis' 3/1/2012 The Caribbean Community, an economic bloc among Caribbean territories, is at breaking point, according to a document circulated among its fifteen member states which urges rapid structural and operational reform.
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Grenada To Ensure Adherence To Tax Standards 2/16/2012 The government of Grenada has established a high-level committee of public and
private sector individuals to aid the government in overhauling legislation regulating the territory's financial services sector to ensure adherence to international standards.
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UK, Caribbean Talks Focus On APD 1/25/2012 Leaders from Caribbean nations and the United Kingdom agreed at the end of a two-day summit an action plan to establish 'a new and improved strategic partnership to promote prosperity'. Importantly, the UK government committed to reopen negotiations to mitigate the impact of the UK's air travel tax on Caribbean territories.
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CARICOM Welcomes Progress Towards FTA With Canada 10/5/2011 Caribbean Community Secretary-General Irwin LaRocque has welcomed progress
towards the CARICOM-Canada Trade and Development Agreement, and praised Canada's
'keen and earnest approach'.
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Caribbean Territories Sign Up To Anti-Corruption Drive 9/15/2011 A number of offshore Caribbean territories have notified their consent to receive
on-site visits to evaluate their compliance with the Inter-American
Convention against Corruption.
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Canada Expanding TIEA Network 6/6/2011 Canada's network of tax agreements is in the process of substantial expansion, with the entry into force of two tax information exchange agreements, and the commencement of negotiations on four others announced by the Department of Finance.
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CARICOM To Discuss EU EPA 6/3/2011 The Caribbean Community is to press forward with its implementation of the European Union Economic Partnership Agreement, with an impending meeting expected to discuss the deal's intricacies.
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CARICOM To Suspend Common External Tariff 5/27/2011 Members of the Caribbean Community look set to suspend their Common External Tariff in the battle against the rising cost of fuel and commodities in the region.
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CARICOM Outlines Trade Negotiation Priorities 5/20/2011 As members of the Caribbean Community gather to discuss the region's external trade agenda, CARICOM has released a snapshot of what it calls the state of play of ongoing negotiations.
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OECS Working With WTO On Tariffs And Tax 5/16/2011 Following recent consultations in Dominica between the Organisation of Eastern Caribbean States's World Trade Organization members, the OECS has said that securing flexibility in negotiations on tariff liberalization will enable its governments to avoid cuts to border taxes.
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CARICOM To Hold Talks On EU Trade Deal 5/11/2011 During an important upcoming round of talks, members of the Caribbean Community are to discuss the implementation of the CARIFORUM-EU Economic Partnership Agreement, which aims at establishing a trade relationship which promotes the gradual integration of the CARIFORUM countries into the world economy.
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Grenada Government Reduces Fuel Tax 4/27/2011 The Grenada government has reduced gasoline tax by the maximum possible amount, in an effort to curb the steady rise in energy prices.
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Free Movement Agreed For OECS Nationals 2/2/2011 Leaders of the Organization of Eastern Caribbean States concluded a two-day meeting
in Grenada with the signing of an agreement to facilitate
the free movement of nationals within the sub-region by August 1.
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Eastern Caribbean Faces Fiscal Challenges 1/28/2011 The International Monetary Fund has published recommendations for governments
in the Eastern Caribbean Currency Union in respect
of the fiscal challenges they face from the protracted global recession, and the fall
in tourism receipts.
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Caribbean Sharpens Response To Financial Crime 1/19/2011 In an effort to sharpen the regional response to transnational organized crime,
the Caribbean Community Implementation Agency for Crime and Security and the Caribbean
Financial Action Task Force have signed an agreement, laying down a framework for combating
financial crimes including money laundering.
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Antigua And Barbuda First To Ratify OECS Economic Union 1/5/2011 The Prime Minister of Antigua and Barbuda, Baldwin Spencer, on December 30 became
the first signatory to ratify the Revised Organization of Eastern Caribbean States
Treaty of Basseterre, a first step toward establishing the OECS Economic Union.
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IMF Formulating Fiscal Plan For Indebted Caribbean 11/19/2010 The International Monetary Fund has announced the launch of a forum aimed at
drafting fiscal solutions for Caribbean territories, many of whom, due to the
financial crisis, have experienced significant expansion in their already
unsustainable deficits.
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Caribbean Urges Change To UK Flight Tax 11/17/2010 The Caribbean Tourism Organization has noted the publication of a report that comprehensively
analyzes the impact of the UK's aviation tax, the Air Passenger Duty, on the tourism
industries of Caribbean territories.
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UK Slammed For Turks And Caicos Intervention 10/11/2010 The Caribbean Community has released a statement noting its 'great concern' that the British government has decided to postpone general elections in the Turks
and Caicos Islands indefinitely.
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Caribbean Intensifies Lobbying Against UK Air Tax 9/8/2010 The Caribbean is to intensify efforts to establish a 'fairer passenger tax system' in
the UK during an official visit to the city of London, which will include a
series of meetings between high-level officials and parliamentary
bodies, the Caribbean Tourism Organization said.
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Caribbean Is Urged To Adopt VAT 8/12/2010 Owen Arthur, the former Prime Minister of Barbados,
has described value-added tax as the best option for the Caribbean region
in the age of trade liberalization.
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New Regatta Heading For Grenada 7/1/2010 Grenada has announced that on April 11-16, 2011, the islands will host the first 'Oyster
Regatta’. The event is to be held at Camper and Nicholsons Port Louis Marina, in
association with Oyster Marine and the Marine and Yachting Association of Grenada.
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Six OECS Member States Adopt Economic Union 6/21/2010 The Prime Minister of Saint Kitts and Nevis, and Chairman of the Authority of
the Organisation of Eastern Caribbean States, Denzil Douglas said at a meeting held on June 18 in a forward
looking statement that member states would sign a landmark agreement to establish
an economic union in the Carribean.
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OECD: Three More Caribbean Islands Make The Grade 5/21/2010 Dominica, Grenada and Saint Lucia have been moved into the category of jurisdictions considered to have substantially implemented the standard on transparency and exchange of information, having now all signed at least 12 exchange of information agreements conforming to the standard.
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OECS To Remove Export Subsidies 5/14/2010 Trade officials from members of the Organization of Eastern Caribbean States concluded talks on May 11, 2010, on
withdrawing government subsidies to the region’s exporters by the end
of 2015, as part of an agreement concluded with the World Trade Organization.
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Brazil Calls For Mercosur-Caricom FTA 4/28/2010 During the CARICOM-Brazil Summit on April 26, delegations from the Caribbean Community and Brazil discussed enhancing trade ties following the opening of the Takutu River Bridge in September 2009, which creates a physical link between Guyana and Brazil.
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Grenada And Dominica Sign TIEAs With UK 4/6/2010 The government of the United Kingdom has announced the signing of two agreements
for the exchange of tax information.
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Australian TIEA Network Expands 4/2/2010 Australia's Assistant Treasurer, Nick Sherry, on April 1 announced the signing of a
further seven Tax Information Exchange Agreements as Australia's efforts
to achieve greater transparency in tax matters gather pace.
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OECD Promotes Multilateral TIEAs 3/31/2010 The Organisation for Economic Co-operation and Development has developed a new approach to negotiating tax information exchange agreements involving multilateral negotiations, in order to assist developing countries with resource constraints.
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Darling Leaves UK Tax On Hold 3/25/2010 Delivering the government's last budget before the general election,
Chancellor Alistair Darling decided against any further increases in
income tax over and above those measures he has already announced.
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US Backs Caribbean Aviation Safety 3/19/2010 The United States Trade and Development Agency has backed the Caribbean Aviation
Safety and Security Oversight System with a grant of USD207,000. The System
is currently being ratified by Caribbean nations for implementation in the near
future.
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World Bank Assesses Caribbean Debt 3/17/2010 Staff at the World Bank have been tasked with assessing the debt profile of
indebted Caribbean nations to advise on policy approaches to alleviate their
individual deficits, World Bank President, Robert Zoellick, announced on March
11.
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