‘Freedom gas’: US opens LNG floodgates to Europe
US energy secretary Rick Perry will sign two export orders for liquefied natural gas (LNG) in Brussels today (2 May), in a move officials said will double America’s export capacity to Europe to 112 billion cubic meters per year as of 2020.
Swiss labor leader declares draft EU treaty ‘dead’
The new head of Switzerland’s powerful labor union federation rejected a draft treaty with the European Union and called for restarting negotiations with the country’s most important trading partner.
European bloc not considering joining China’s Belt and Road plans
EU officials confirmed that the bloc is not considering joining China’s Belt and Road initiative on Friday (26 April), contrary to what German Economic minister Peter Altmaier has previously said.
UAE bans import of cigarettes not marked with ‘Digital Tax Stamps’
The Federal Tax Authority (FTA) asserted that as of Wednesday, May 1, 2019, the importation of any type of cigarettes into the UAE that do not bear the ‘Digital Tax Stamps’ will be strictly prohibited, adding that it will be illegal to sell any unmarked cigarette packs in local markets as of August 1, 2019.
Electric car sales drop by 70% as new tax goes into effect
Electric car sales went down by 70 per cent in April as a 25 per cent tax hike on the vehicles went into effect, the Jordanian Free Zones Investors Association (JFZIA) announced on Tuesday (30 April).
$70bln bilateral trade expected after UAE-China deal
The latest $3.4 billion UAE-China deal will position Dubai well in the One Belt One Road project
African Union Commission prepares for single market launch in July
The African Continental Free Trade Area will enter into force during the next African Union Summit slated for Niamey, Niger, in July.
Kenya, Tanzania agree to effect single customs territory
Kenya and Tanzania have agreed to fully implement a single customs territory to fasten clearance of goods. The two states also struck a deal to fast track the harmonization of domestic taxes, levies and fees in a bid to ease trade between them.
Ethiopia’s Industrial Parks Generate $103 Million Export Income
The government of Ethiopia has secured $103 million export earnings from products manufactured in industrial parks over the first nine months of its fiscal year started July 8, 2018