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Obama admin’s TPP trade officials received hefty bonuses from big banks
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.
Brussels wants finance rules back in US trade pact
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.
TTIP: European Commission publishes EU negotiating position on financial services
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).
TTIP threatens financial reform and the public interest
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.
Derivatives dispute harming EU-US free-trade talks
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.
Chile and Canada upgrade FTA to include financial services
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.
Free trade: Bilateral and multilateral negotiations dangerous for financial regulation and taxation
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.
To free up US banks from Fed and Dodd-Frank suffocation, how about Financial Free Zones?
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.
Banks to thrive on China trade deal
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.
The major obstacles to the EU-US free trade deal
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.
China’s agenda in Switzerland (and Europe)
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?
EU, Canada’s differences over financial services holding up free trade pact: documents
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 ‘misusing Bahrain’s FTA with US’
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.
US, UK want financial services as part of trade pact
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.
Bank in push for a single monetary unit
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, Mauritius to meet next month to review tax treaty
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.
New free trade agreements threaten financial reforms
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.
Colombia FTA with EU may increase money laundering: Report
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.
BoT expert wary over TPP
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.