finance | banking | taxes
Officials tapped by the Obama administration to lead the Trans-Pacific Partnership trade negotiations have received multimillion dollar bonuses from CitiGroup and Bank of America, financial disclosures obtained by Republic Report show.
The EU is seeking to include financial regulation in a sweeping trade pact with the US, arguing that leaving it out of any deal would represent a threat to global financial stability.
The European Commission publishes today a non-paper clarifying its objectives for financial services in the negotiations for a Transatlantic Trade and Investment Partnership (TTIP).
The Transatlantic Trade and Investment Partnership treaty will open markets to foreign services and foreign direct investment in the financial sector. It intends to limit financial sector regulations because they are considered as barriers to trade, reports SOMO.
Ambitious plans for an EU-US free-trade agreement may be put in jeopardy by Washington’s failure to finalise a deal coordinating rules in the $630 trillion derivatives market, the EU’s financial markets chief has warned.
Chilean and Canadian officials announced the expansion of their existing free trade agreement Monday. Among other changes, the agreement now includes a chapter which extends free trade rights to the financial services sector.
Financial services — both in terms of market access and how they are regulated — are a critical issue in the EU-US FTA (TTIP) talks. Analysis from WEED and SOMO.
Emerging economies like the UAE have introduced a financial market innovation that could be transplanted to the US and implemented through BITs and FTAs: financial free zones.
The Australian financial services sector could be a major beneficiary if the Labor government is able to finalise the long-awaited free trade agreement with China.
Topics where EU and US politicians and stakeholders’ interests clash — such as public procurement, data protection, financial services and agricultural issues like geographical indicators and sanitary and phytosanitary measures – will prove the most problematic during talks.
For his first trip abroad as Chinese premier last month, Li Keqiang went to India and Pakistan and then continued to Switzerland and Germany before heading back home. Why Switzerland?
Canada wants to keep a so-called “prudential carve-out” that would give Canadian regulators leeway to impose demands on European banks in the name of financial stability.
Importers in Bahrain have been accused of trying to misuse the kingdom’s Free Trade Agreement (FTA) with the US to avoid paying taxes, a report said.
The United States and the UK aim to include financial services in a proposed free-trade agreement between Washington and the 27-nation European Union, the British ambassador to the United States said on Thursday.
African Development Bank is stepping in to help East and South African region accelerate the push towards a common currency status. To achieve this, it has drafted a stringent set of financial guidelines to steer the process.
India and Mauritius will meet next month in the capital to review the bilateral Double Taxation Avoidance Convention (DTAC) which seeks to prevent misuse of the provisions of the near three-decade old treaty.
While financial reforms are ongoing in the EU and many other countries, little attention is paid to free trade agreements that continue to liberalise financial services as well as restrict regulatory freedom (‘policy space’) and controls on capital movements.
A free trade pact between the EU, Colombia and Peru will increase the risk of illegal money flows and capital flight, said a report Wednesday from a group of Members of the European Parliament.
Thailand’s negotiations with the US for the opening of the goods and services market under the Trans-Pacific Strategic Economic Partnership Agreement (TPP) could hamper the Bank of Thailand’s regulations on capital flows and financial services, a central bank economist says.