Canadian Chamber of Commerce’s Post

#Journal 📚 | Comparto un reciente artículo que fue publicado en la revista Ius Humani: Law Journal, editado por la Facultad de Derecho de la Universidad Hemisferios del Ecuador 🇪🇨. Un particular agradecimiento al Prof. Santiago Ullauri-Betancourt, Editor de la Revista. #Abstract: “In recent years, we have witnessed a significant turn towards commercial protectionism as a response to what some perceive as clear discontent provoked by the current process of globalization. Our work will focus on two of the most emblematic events symbolizing this trend: the presidency of Donald J. Trump (2017-2021) in the United States and the Brexit referendum in the United Kingdom. Trump marked a turning point in U.S. trade policy, advocating an "America First" approach that included imposing tariffs and renegotiating international trade agreements. On the other hand, the 2016 Brexit referendum and the subsequent UK's departure from the European Union in 2020 represented a paradigmatic case of regional protectionism. Therefore, we will explore how Brexit affected trade relations between the UK and the EU, as well as its position on the international stage. Along these lines, we will discuss the broader implications of these two dynamics in the context of the globalization crisis: Do these movements pose a sustainable challenge to the existing global economic order, or are they temporary responses to specific issues? What lessons can be drawn from these experiences for the future management of trade conflicts?” #Trump #UK #Brexit #PoliticalScience #IRTheory #ForeignPolicy #Trade

International trade is a force for good in addressing Australia's current and future economic challenges: * 1 in 4 Australian jobs relate to trade * Jobs in export industries pay 5 per cent more on average; and * 27 per cent of Australia's economic output is supported by trade.

THE RENSAT REPORT: A Pivotal Year for Politics and International Trade The year 2024 is poised to be a transformative one for both politics and international trade. From June 6th to 9th, all 27 EU member states participated in the world's second-largest election, leading to a notable shift towards right-wing politics. The implications of this political shift on trading relations with the UK remain uncertain. In the UK, the political landscape was equally eventful. At the end of May, amidst rain-soaked weather, we all know Prime Minister Rishi Sunak announced a UK General Election to be held on July 4th. This announcement has set the stage for a highly anticipated electoral battle. Election Campaigning and Trade Relations Interestingly, despite the critical importance of trade in the current economic climate, there has been surprisingly little discussion on this topic in the general election campaigns so far. This is particularly notable given the significant financial challenges the UK faces and the pressing need to strengthen relations with the EU. Financial Challenges and EU Relations The incoming Government will inherit a country grappling with serious financial difficulties. These challenges include addressing post-Brexit trade dynamics, managing inflation, and navigating the global economic recovery from the COVID-19 pandemic. Strengthening trade relations with the EU is essential for economic stability and growth. The outcome of the EU elections, with its shift towards the right, adds another layer of complexity to these trade negotiations. Impact on International Trade The political developments in both the UK and the EU will have profound implications for international trade. Businesses and trade bodies are keenly watching these elections, understanding that the policies adopted by the new governments will shape trade agreements, tariffs, and regulatory standards for years to come. Looking Ahead As we approach the UK General Election on July 4th, the focus on trade is expected to intensify. Stakeholders from various sectors are advocating for clear policies that will foster robust trade relations and economic resilience. The outcomes of these political events will undoubtedly play a pivotal role in shaping the future of international trade. Stay tuned for more updates and insights as we navigate through this pivotal year in politics and trade. RENSAT. EXPERIENCED, RELIABLE, AFFORDABLE 📧 [email protected] 📞 07932 861545 🌐 rensat.co.uk #logistics #supplychain #CustomsClearanceUK #UKCustomsExperts #ImportExportUK #TradeComplianceUK #CustomsBrokerUK #CustomsSolutionsUK #UKTradeServices #CustomsDeclarationUK #BrexitCustomsClearance #UKCustomsAssistance #EfficientCustomsUK #SeamlessShippingUK #UKCustomsMadeEasy #InternationalTrade #UKElection #EUTrade #EconomicChallenges #TradeRelations #Brexit #GlobalEconomy #TradePolicy

REGULATORY AND - PROCEDURAL BARRIERS TO TRADE IN ALBANIA UNECE - United nations economic commission for europe This study is a contribution to Albania’s trade development efforts. It provides action-oriented recommendations, which draw on extensive primary information collected during face-to-face interviews using UNECE evaluation methodology and consultations with public and private stakeholders. It takes into account the written comments of national stakeholders,

Congrats to Paulina Nazal Aranda and Andres Culagovski for authoring this clarifying essay on the potential of the China-led Regional Comprehensive Economic Partnership (RCEP) to further trade liberalization in the Asia Pacific region from a Chilean perspective. At the Fundación Chilena del Pacífico (Chile Pacific Foundation) we are glad to have facilitated the collaboration between Paulina and Andrés with the China and WTO Review (CWR), an internationally referred scholarly journal semi-annually published by YIJUN Institute of International Law. The authors have been commissioned in the past by the Foundation to conduct research on international trade-related topics key to Chile's interest in the Asia Pacific and have participated in a number of online seminars organized by the Foundation. This essay provides a brief but accurate description of the various trading blocks and multilateral fora across the Asia Pacific, but even more importantly reflects on the pros and cons of what in many cases are overlapping trade pacts and delves into the specifics of the RCEP relative to other trade initiatives, most notably the CPTTP (formerly known as TTP11) and ASEAN, among many other significant aspects. While Chile participates in the former, it still remains to be seen what our country will do as to the latter down the road, considering the many strategic variables on the table beyond trade and economics. According to Nazal and Culagovski, "For Chile and the other countries of Latin America and the Caribbean, forging stronger links to the Asia-Pacific through the ASEAN and the RCEP will be fundamental for their future economic growth. First and foremost, improving ties will help to gain access to one of the largest markets in the world, whose population and consumer power continue to rise (...) Second, as China’s economic and political importance continues to grow, strong ties will help to avoid their being sucked into the trade wars with the US. As mentioned previously, such trade conflict can lead to disruptions in GVCs, to the benefit of regional chains within Asia. If Latin American countries wish to take a part of those nascent production networks, they will have to do so through trade deals that ensure which components they can supply and gain preferential treatment under the rules of origin of the RCEP and similar treaties." 

"While protectionist trends dominate headlines, international trade remains essential for the EU’s economic well-being. Open markets and diversified suppliers are crucial for economic growth and economic resilience." Oscar Guinea via Encompass on the current state of international trade and how the upcoming EU legislative mandate should approach trade policy. In the article, he references our new paper "Trading Up: An EU Trade Policy for Better Market Access and Resilient Sourcing" ➡ https://lnkd.in/dNfdMCnW Read his full opinion ➡ https://buff.ly/3K7gPFE

THE RENSAT REPORT: A Pivotal Year for Politics and International Trade The year 2024 is poised to be a transformative one for both politics and international trade. From June 6th to 9th, all 27 EU member states participated in the world's second-largest election, leading to a notable shift towards right-wing politics. The implications of this political shift on trading relations with the UK remain uncertain. In the UK, the political landscape was equally eventful. At the end of May, amidst rain-soaked weather, we all know Prime Minister Rishi Sunak announced a UK General Election to be held on July 4th. This announcement has set the stage for a highly anticipated electoral battle. Election Campaigning and Trade Relations Interestingly, despite the critical importance of trade in the current economic climate, there has been surprisingly little discussion on this topic in the general election campaigns so far. This is particularly notable given the significant financial challenges the UK faces and the pressing need to strengthen relations with the EU. Financial Challenges and EU Relations The incoming Government will inherit a country grappling with serious financial difficulties. These challenges include addressing post-Brexit trade dynamics, managing inflation, and navigating the global economic recovery from the COVID-19 pandemic. Strengthening trade relations with the EU is essential for economic stability and growth. The outcome of the EU elections, with its shift towards the right, adds another layer of complexity to these trade negotiations. Impact on International Trade The political developments in both the UK and the EU will have profound implications for international trade. Businesses and trade bodies are keenly watching these elections, understanding that the policies adopted by the new governments will shape trade agreements, tariffs, and regulatory standards for years to come. Looking Ahead As we approach the UK General Election on July 4th, the focus on trade is expected to intensify. Stakeholders from various sectors are advocating for clear policies that will foster robust trade relations and economic resilience. The outcomes of these political events will undoubtedly play a pivotal role in shaping the future of international trade. Stay tuned for more updates and insights as we navigate through this pivotal year in politics and trade. RENSAT. EXPERIENCED, RELIABLE, AFFORDABLE 📧 [email protected] 📞 07932 861545 🌐 rensat.co.uk #logistics #supplychain #CustomsClearanceUK #UKCustomsExperts #ImportExportUK #TradeComplianceUK #CustomsBrokerUK #CustomsSolutionsUK #UKTradeServices #CustomsDeclarationUK #BrexitCustomsClearance #UKCustomsAssistance #EfficientCustomsUK #SeamlessShippingUK #UKCustomsMadeEasy #InternationalTrade #UKElection #EUTrade #EconomicChallenges #TradeRelations #Brexit #GlobalEconomy #TradePolicy

An excellent article by ICAEW discussing how to invigorate the United Kingdom's performance in international trade, and the role of accountants in providing education in accessing the benefits of free trade agreements through compliant administration. The following paragraph particularly drew my attention: "Arguably, one of the greatest challenges is encouraging the actual uptake of FTAs on the ground. Saltmarsh says: “Few businesses are using these FTAs, and the message needs to get out of how businesses make the most of them. Customs agents won’t necessarily do this, as they’re supposed to follow written instructions from their client; that is the business. So, if the business doesn’t tell them to claim this free trade preference tariff, the customs agent probably won’t.” Here at Alinea Customs we make every effort to facilitate accessing the benefits of free trade agreements for our clients. If there is a free trade deal in effect with the other party, but non-compliant documents (e.g. no statement on origin on the invoice or supporting REX code, certificate of origin, EUR-1/ EUR-MED certificate, or Form A) is provided we will present the options to the client with the opportunity to liaise with their suppliers or the authorities to obtain compliant documentation, which is free to access, but entails an administrative process, saving potentially substantial amounts on customs duty. We also hold precedent supplier's declarations on file, and can advise on whether claiming importer's knowledge is appropriate if the exporting supplier does not have a REX code. #customsagent #customsbroker #internationaltrade #compliance #imports #exports #tradeagreements #policy #economy

In case you missed it, the Australian Chamber of Commerce & Industry (ACCI) launched the sixth National Trade Survey in Canberra at the Australian Centre for International Trade and Investment (ACITI) conference with Minister for Trade and Tourism, Don Farrell. ACCI CEO Andrew McKellar was joined by their research partner Australian Centre for International Trade and Investment Executive Director Pru Gordon and sponsor ANZ (represented by Group Executive Mark Whelan) for the launch. The survey brings together insights from Australian trade businesses about where the challenges and opportunities are in today’s complex trade environment. We would like to thank our networks and members who took the time to fill out the trade survey and provided their valuable insights to make the Trade Survey work. As part of the ACCI network, Business Chamber Queensland continues to plays a crucial role in supporting Australian exporters on a smooth journey into foreign markets by providing advice on export documentations such as Certificates of Origin, ATA carnets and more. Read the full survey findings here ▶ https://bit.ly/3tXScq0 #BusinessChamberQLD #ACCI #NationalTradeSurvey #TradeEnvironment #AustralianTrade #Exporters #CertificatesOfOrigin #ATACarnets #TradeSurvey #BusinessNews #AustralianBusiness