Dual-use goods: Council of the EU agrees negotiating mandate
The EU wants to modernize the current EU regime for the control of exports, transfer, brokering, technical assistance and transit of dual-use items. The objective is to further strengthen the non-proliferation of weapons of mass destruction and their means of delivery, regional peace, security and stability as well as respect for human rights and international humanitarian law.
The new rules will introduce a number of changes to the EU export control system of dual-use items to adapt it to the changing technological, economic and political circumstances. They will also simplify and improve the current rules and optimize the EU licensing architecture.
EU cobbles workaround to avoid US block on WTO judges
The European Union is set to propose creating a shadow system to get around a US block on appeals in disputes at the World Trade Organization (WTO).
The proposal, seen by Reuters on Thursday (6 June), would allow the EU and any other WTO member with which it had a dispute to use the WTO’s arbitration rules to set up a new judicial procedure, an “interim solution” until the US veto on the appointment of new judges is lifted.
Theresa May`s Brexit Schadenfreude
In the U.K., May`s successor will face the same inescapable political realities of a hung parliament and an immovable EU27.
The prospect of forcing Britain out of the bloc on October 31 has begun to split the EU27; risks causing recessions in a string of countries. It also opens the door to Britain as an offshore economic competitor rather than an integrated ally.
Officials in London and Dublin now fear the process is leading inexorably to a no-deal exit, in which everyone loses and the very thing the backstop is designed to avoid – a hard border – is introduced immediately.
Omani Businesses urged to register for Excise Tax
Omani businesses engaged in the import, production and distribution of goods subject to the new Excise Tax must register their particulars before June 15, 2019 when the new levy come into force, according to the Secretariat General of Tax.
Four select categories of food, beverage and tobacco products will attract an additional levy in the form of Excise Tax with effect from June 15. They comprise: tobacco and tobacco derivatives (100 per cent), carbonated drinks (50 per cent), energy drinks (100 per cent), and special purpose goods (alcohol and pork products) at 100 per cent.
Turkish truck drivers could face more protectionism
Turkey conducts nearly half of its total foreign trade with the EU. Road transport is the largest means of goods transport. But Turkish-registered goods vehicles that enter the EU each year at the Hungarian, Austrian and Bulgarian borders face administrative hurdles.
The challenges faced by Turkey in international road transportation are actually against the World Trade Organization’s determination on freedom of transit, according to the secretary general of the Geneva-based International Road Transport Union (IRU).
50 textile firms set for Nairobi talks
The Premiertex AFRICA will be held from 18 to 20 June 2019 in Nairobi, according to the organizers of the conference.
More than 50 global manufacturers of textile are expected in the country mid this month seeking to reach out to millions of Kenyan traders in cotton, textile and apparel products.
The expo would link Kenyan dealers of textiles including fabrics, garment, fashion and technology companies with the global suppliers to cut sourcing costs.