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US Issues Annual IPR Country Report 5/3/2012 The Office of the United States Trade Representative has released its annual
‘Special 301 Report’ on the perceived adequacy and effectiveness of
US trading partners’ protection and enforcement of intellectual property
rights (IPR).
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WTO Members Pressure Argentina On Trade Policy 4/9/2012 At the Council for Trade in Goods meeting on March 30, 2012, fourteen World Trade Organisation members jointly
expressed their deepening concern about Argentina’s import-licensing measures, which were said to have significantly restricted trade flows.
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German Lawmakers Adopt Updated DTA With Turkey 4/5/2012 The German Bundestag, or lower house of parliament, has recently adopted the federal
government’s bill pertaining to the bilateral double taxation agreement with Turkey, signed in Berlin by German Finance Minister Wolfgang Schäuble
and his Turkish counterpart Mehmet Simsek on September 19, 2011.
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South Korea, Turkey Sign Preliminary FTA 3/27/2012 Following meetings earlier this month, South Korea and Turkey were able, on March
26, to sign an initial agreement on trade in goods, as a step on the way to a
full bilateral free trade agreement.
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Guernsey Concludes Comprehensive DTA With Malta 3/21/2012 Guernsey has announced the signing of a comprehensive Double Taxation Agreement
with Malta, which will allocate the territories' taxing rights to ensure that double taxation is removed from bilateral trade and investment, and also permit tax information exchange on request.
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Singapore, Turkey Sign TIE Protocol 3/7/2012 A protocol to the existing double taxation agreement between Singapore
and Turkey was signed on March 5, 2012, and will enter into force after the
completion of ratification procedures by both countries.
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The Netherlands Ups Tax Treaty Negotiations In 2012 2/21/2012 Underlining the government’s commitment to negotiating new tax treaties
with other countries, the Dutch finance ministry has recently outlined details
of its specific plans for 2012.
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India Challenges Turkish Cotton Yarn Duties 2/16/2012 India has requested the commencement of negotiations with Turkey at World Trade Organization level over import duties reintroduced by the country on the import of cotton yarn.
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South Korea, Turkey To Conclude FTA 2/7/2012 Following a meeting in Istanbul between South Korea’s President Lee Myung-bak (pictured)
and the Turkish Prime Minister Recep Tayyip Erdogan, it was agreed that the two
countries should conclude their talks on a free trade agreement as early
as possible.
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WTO To Ease LDC Accession Requirements 1/27/2012 The Sub-Committee on Least Developed Countries, on January 20, agreed to start
work on developing recommendations to “further strengthen, streamline and operationalize”
current guidelines on the accession process of LDCs, as called for in a decision
by the Eighth WTO Ministerial Conference last month.
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Bermuda Signs TIEAs With South Korea, Turkey 1/25/2012 Tax information exchange agreements, which incorporate the internationally-agreed
Organization for Economic Cooperation and Development standard for the exchange
of information for tax purposes, have been signed between Bermuda and both South
Korea and Turkey.
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Mexico Has OECD's Lowest Tax Burden 11/30/2011 The Organization for Economic Cooperation and Development has published its annual report on the tax burdens in place in 2010 among its members, which shows that Mexico had the lowest tax-to-GDP ratio at 18.7%.
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SA, Turkey To Improve Trade Relations Without FTA 11/17/2011 The South African government has announced that it has chosen to pursue its increased
trade with Turkey without negotiating a bilateral free trade agreement.
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Pakistan-EU Trade Aid Vetoed At Eleventh Hour 11/10/2011 Bangladesh has blocked, at World Trade Organization level, plans by the European Union to apply lower tariffs to certain imports from Pakistan.
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G-20 Nations Failing To Honour Protectionism Pledges 10/27/2011 Disappointingly weak growth in some G-20 members is testing the political resolve
of many governments to resist trade protectionism, says a new report from the World
Trade Organization, the United Nations and the Organisation for Economic Cooperation and Development,
which examines trade and investment measures implemented in the third quarter of 2011.
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Thailand Ranked Top Expat Destination 10/7/2011 Despite ongoing economic turmoil and political unrest in many parts of the world, a preview of HSBC's 2011 Expat Explorer survey shows that expats remain generally happy in their new countries, with Thailand topping the list of the most popular expat destinations.
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UK In Turkey To Talk Trade 9/28/2011 Several of the UK's top firms, together with the Business Secretary Vince Cable, are in Turkey to boost trade links and secure business deals, with a view to doubling bilateral trade by 2015.
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India To Permit EU Trade Aid To Pakistan 9/21/2011 The Indian government is expected to formally notify Pakistan of its decision to withdraw its opposition to a preferential tariff scheme being offered by the European Union to Pakistan following devastating floods in early 2010.
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Turkey Hopes For Progress In FTA With South Korea 8/16/2011 Turkey’s Economy Minister Zafer Çaglayan has said that it is hoped
that substantial progress can be made in negotiations on the proposed free trade
agreement between Turkey and South Korea by the end of this year.
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EU IP-Related Seizures Surge 7/20/2011 According to the European Commission's annual report on European Union customs
enforcement, more than 103m products suspected of violating intellectual property
rights were seized at Europe's external borders in 2010.
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Iraq, Iran Strengthen Economic Ties 7/8/2011 Multiple agreements were signed between Iran and Iraq, as part of Iranian First
Vice President Mohammad-Reza Rahimi's visit, aimed at strengthening economic
ties after the withdrawal of US troops from Iraq.
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Ecuador Improving Its Trade Relations 6/22/2011 Ecuador has participated in a series of meetings and negotiations with various jurisdictions, in an effort to strengthen its international trade relations.
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Colombia, Turkey Start FTA Talks 6/3/2011 Colombia and Turkey have begun formal negotiations for a free trade agreement, which, if successfully concluded, it is hoped, will herald new trade and investment opportunities, and provide substantial economic benefits.
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Moldova, Turkey Negotiating FTA 5/27/2011 Moldova and Turkey have begun negotiations on the possibility of a free trade agreement, regarded as crucial in the face of rapidly increasing mutual trade.
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Nations Stress Doha Urgency 5/30/2011 With the Doha Round facing imminent failure, it is imperative that global political leaders demonstrate their commitment, and recognize the benefits a successful conclusion could bring, a new report has stressed.
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Trade Restrictions On The Rise 5/26/2011 Global trade and investment appear to be facing opposing forces both pushing and pulling against the prospects for economic recovery, as governments attempt to attract foreign investment on the one hand while shielding their economies from foreign competition by raising trade barriers on the other, according to a new report.
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US Returns To Top Of World Competitiveness Rankings 5/20/2011 The Swiss business school, IMD, has announced the rankings from its 2011 World
Competitiveness Yearbook, which places the United States and Hong Kong as
the most competitive countries.
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EU Preferential Trade Regime To Be Improved 4/20/2011 The European Union has launched a process which it believes will allow for the easier operation of preferential trade between itself, the Southern Mediterranean and the Western Balkans, by overcoming many of the current difficulties caused by the management of a large variety of bilateral agreements.
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EC Investigates Code Share Agreements 2/17/2011 The European Commission has opened two own-initiative investigations, to verify
whether code-share agreements - a particular form of cooperation on ticket sales - are in breach
of European Union rules on anti-competitive agreements, under Article 101 of the Treaty on
the Functioning of the European Union.
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WTO Reviews Transparency Mechanism For RTAs 2/15/2011 The World Trade Organization's Negotiating Group on Rules, on February 4, 2011, commenced its review of the WTO Transparency Mechanism for Regional Trade Agreements by considering two proposals: one from the United States for the consideration of all RTAs under a single WTO Committee; and one from Ecuador for procedural adjustments to the mechanism.
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Foreign Firms Encouraged By Qatari Tax Regulations 1/20/2011 A Turkish trade mission to Doha, led by the Turkish Prime Minister Recep Tayyip Erdoğan, was encouraged to hear about the huge business potential and a favourable tax and regulatory environment in Qatar.
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Canada Announces Royal Assent To Tax Treaties 12/22/2010 Jim Flaherty, Canadian Minister of Finance, has announced that legislation to implement tax treaties signed with Colombia, Greece and Turkey, has received Royal Assent.
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OECD Notes Fall In Global Tax Burden 12/15/2010 The Organization for Economic Cooperation and Development has noted a decline
in revenues during 2009 among its member countries, in cash terms, which it
said was driven by declining economic activity, and tax cuts introduced
to cushion countries’ economies from the downturn.
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Jersey Signs TIEAs With Turkey, Mexico 11/29/2010 Jersey Finance welcomed the signing of two further Tax Information Exchange
Agreements last week, with Turkey and Mexico.
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Trade Ministers Look For Euro-Med Free Trade Area 11/15/2010 Working towards a full Euro-Mediterranean Free Trade Area and how to boost
Euro-Mediterranean trade and investment were on the agenda of a recent meeting
between The European Union Trade Commissioner, Karel De Gucht, and trade
ministers of the Union for the Mediterranean in Brussels.
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Argentina Catches Up On Tax Agreements 11/3/2010 The head of Argentina's Federal Administration of Public Revenue, Ricardo Echegaray has announced the signing of tax information exchange agreements with Russia, Italy and France as part of its strategy to crack down on tax evasion.
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MEPs Clarify Northern Cyprus's Trade Status 10/20/2010 European Union trade with the northern part of Cyprus should be governed directly by EU single market and customs union rules, and not by the EU's rules for international trade, a European Parliament committee has concluded.
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Syria Eyes Mercosur Trade Deal 10/5/2010 Syrian Assistant Minister of Trade and Economy, Khaled Sallouta has reported
back after meeting with the head of the Brazillian International Negotiations
Department at the country’s Foreign Ministry, Evandro de Sampaio Didonet,
in which the diplomats initialled an agreement to begin negotiations towards a Free Trade Agreement between Syria and the Mercosur bloc, which Brazil
is currently chairing.
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Turkish Media Giant Wins Further Tax Appeal 9/22/2010 The Turkish media company, Dogan Yayin Holding AS has issued a statement claiming a further victory in its legal campaign to reverse tax demands totalling TRY4.8bn (USD3.2bn).
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Tax Changes To Boost Turkish Derivatives Trade 8/27/2010 Çetin Ali Dönmez, chief executive of TurkDex, Turkey’s derivatives exchange, expects turnover on the exchange to rise significantly after the banking and insurance transaction tax and withholding tax on derivative products are scrapped this fall.
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Dogan Yayin Claims Part Victory In Tax Case 8/4/2010 The Turkish media company, Dogan Yayin Holding AS has claimed a partial victory in its legal campaign to reverse tax demands totalling TRY4.8bn (USD3.2bn), after being informed of court rulings in its favour, subject to the publication of written decisions after Ramadan.
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Taxes Hindering Global Broadband Development 7/22/2010 The GSM Association has issued a report which reveals how mobile sector-specific
taxation impacts on the development and deployment of mobile broadband in developing
countries.
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Gurria Calls For New Fiscal Balance 6/30/2010 Addressing the Group of 20 Business Summit, Angel Gurria, Secretary-General of the Organisation for Economic Co-operation and Development, spoke on the difficulty of balancing fiscal consolidation with the support of a job-rich recovery.
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Switzerland, Turkey Sign DTA 6/22/2010 It has recently emerged that Switzerland’s Finance Minister Hans-Rudolf
Merz and his Turkish counterpart Mehmet Simsek have signed another double taxation
agreement between the two countries in the area of taxes on income, containing
provisions on the exchange of information in accordance with the Organization
for Economic Cooperation and Development’s standard.
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G20 Inward Investment Barriers Are Avoided 6/15/2010 The Organisation for Economic Co-operation and Development and United Nations Conference on Trade and Development have commended G20 countries for avoiding new protectionist barriers to inward investment, while warning that continued vigilance is needed in the face of emergency measures to address the economic crisis that still pose a threat to competition and international investment.
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Turkey Eyes FTA With Iraq 5/18/2010 The Turkish Finance Minister, Mehmet Simsek, speaking at a recent energy conference
in Istanbul, called for negotiations to begin for the signing of a Free Trade
Agreement with its southern trade partner, Iraq.
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OECD 'Tax Wedge' Falls 5/11/2010 The Organisation for Economic Cooperation and Development has published its annual report on 'Taxing Wages 2008-2009,' an overview of the share of tax and social security charges in the total cost of employment.
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Australia, Turkey Sign DTA 5/3/2010 Australia’s Assistant Treasurer, Nick Sherry, has announced that Australia
and Turkey have signed a new comprehensive agreement for the avoidance of taxation, the first between the two countries.
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New Zealand, Turkey Sign DTA 4/26/2010 New Zealand’s Prime Minister, John Key, and Turkey’s Prime Minister,
Recep Tayyip Erdogan, met in Ankara on April 22 and completed various bilateral
arrangements between their two countries.
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Turkey, EU Sign Civil Aviation Agreement 3/30/2010 The European Union and Turkish authorities on March 25 initialed an aviation
agreement which will remove nationality restrictions in the bilateral air services
agreements between EU member states and Turkey.
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