In the week the EU and US announced plans to push on with a free trade agreement (FTA), economists have said that all non-tariff barriers must be removed if it’s to have any significant benefit.
At the G-8 summit in Enniskillen, Northern Ireland, the leaders of the US, EU and the UK said they hoped to conclude the “biggest bilateral trade deal in history” by the end of 2014. Transatlantic trade flows are the world’s largest, worth an estimated US$1tn a year. The leaders hope an agreement will “deepen those ties”, creating growth, welfare and employment on both sides without spending huge amounts of additional capital.
Coface has downgraded its 2013 growth forecasts for the eurozone and all of the BRIC economies after poor Q1 showings.
Glencore Xstrata has secured its first debt financing since the two constituent companies merged.
Nadeem Syed has taken over the role of Misys chief executive officer, a role previously held by Brett Bolin.
Global trade management solution provider Amber Road has opened an office in Munich.
The UK economy is flatlining and the medicine, thus far, isn’t working. Finbarr Bermingham reports on an exports sector in dire need of resuscitation.
No export credit agency reflects the growing importance of such institutions better than US Exim. From its annual conference in Washington DC, Finbarr Bermingham reports record-breaking growth, but room for development.
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