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UK parliament to vote on Brexit deal
“A rejection of the EU’s Brexit deal by MPs in London would trigger emergency meetings in Brussels and accelerate work on contingency planning in European capitals. But diplomats say that there is no appetite for revisiting the EU’s red lines.”

Kosovo to maintain tariffs on Serbia despite EU pressure
“Last month Haradinaj’s government raised tariffs on locally-produced Serbian and Bosnian goods to 100 percent from 10 percent because Belgrade blocked Kosovo’s membership of Interpol. The decision effectively halted trade between the two states and was criticized by EU and US officials.”

Alibaba signs agreement with Belgium for e-commerce trade hub
The company’s Electronic World Trade Program “is designed to help countries reduce trade barriers for e-commerce trade, including lowering or eliminating tariffs and speeding up customs clearance.”

Middle East

Understanding VAT implementation in Bahrain
“The move aligns with Bahrain’s Economic Vision 2030 and is part of the country’s economic diversification plan that aims to reduce budget deficit and develop sectors including finance, real estate, oil and gas, healthcare, education and transport. Further developments in taxation can be expected, with ongoing discussions about the possible introduction of remittance tax, expat tax, corporate tax and transfer pricing across the region.”
[Trade Arabia]

Istanbul airport to become aviation mega hub
“Aycı added that the airlines will soon start to operate all flights through Istanbul Airport. ‘The airport will not just contribute to passenger transportation, it will also make Istanbul the biggest cargo city in the world.’”
[Daily Sabah]


Egypt to stop discounted customs exchange rate for some imports
“From Dec. 1 the rate for strategic and essential goods will remain at 16, while the rate for non-essential goods will be set as the average exchange rate listed by the central bank during the preceding month.”