“I am honoured to be in Colombia at a time when important steps towards peace are being taken,” the foreign minister of the United Arab Emirates, Sheikh Abdullah bin Zayed Al Nahyan, said after meeting with Colombian President Juan Manuel Santos.
Bolstering widespread prosperity in Africa is a key necessity if the world is to achieve its commitments to eradicate poverty and hunger by 2030.
With United Arab Emirates’ foreign minister Sheikh Abdullah bin Zayed Al Nahyan’s visit to Argentina, the two countries launched a new stage in bilateral relations, kicked off by high-level meetings and a package of accords.
A new paper* on the implications of the Trans-Pacific Partnership (TPP) Agreement for New Zealand examines key economic issues likely to be impacted by this trade agreement. It is remarkable how little TPP brings to the table. NZ’s gross domestic product will grow by 47 per cent by 2030 without the TPP, or by 47.9 per cent with the TPP. Even that small benefit is an exaggeration, as the modelling makes dubious assumptions, and the real benefits will be even smaller. If the full costs are included, net economic benefits to the NZ economy are doubtful. The gains from tariff reductions are less than a quarter of the projected benefits according to official NZ government modelling. Although most of the projected benefits result from reducing non-tariff barriers (NTBs), the projections rely on inadequate and dubious information that does not even identify the NTBs that would be reduced by the TPP!
The new government of Argentina and the United Arab Emirates (UAE) are strengthening the relationship established by the previous administration, at a time when this South American country is seeking to bring in foreign exchange, build up its international reserves and draw investment, in what the authorities describe as a new era of openness to the world.
The rich and the powerful, who meet every year at the World Economic Forum (WEF), were in a gloomy mood this time. Not only because the day they met close to eight trillion dollars has been wiped off global equity markets by a "correction". But because no leader could be in a buoyant mood.
The Trans Pacific Partnership Agreement (TPPA), negotiated in Atlanta in October 2015 and to be signed in Auckland in February 2016, privileges foreign investors while imposing substantial costs on partner countries. Touted as a ‘gold standard’ 21st century trade deal, it is critical to ascertain what gains can really be expected and whether these exceed costs.
In 2015 the international community took some huge strides forward on a number of vital issues.There was the agreement on the United Nations new Sustainable Development Goals.
A major new study has revealed that the global seafood catch is much larger and declining much faster than previously known.
Taiwan may soon be the first nation in Asia to resolve to become a nuclear free nation after four decades of reliance on nuclear power.
The BR-163 highway, an old dream of the Brazilian military to colonise the Amazon jungle, was revived by agroexporters as part of a plan aimed at cutting costs by shipping soy out of river ports. But the improvement of the road has accentuated problems such as deforestation and land tenure, and is fuelling new social conflicts.
Denis, a 38-year-old Ugandan bank worker, usually takes a packed minibus known as a matatu
to and from his day job through the capital Kampala’s notorious potholed and gridlocked roads. But two weeks ago, he tried a new option: the city’s passenger train, relaunched for the first time in two decades.
Venezuela doesn't want investment treaties anymore if they give investors the right to drag the country before a commercial court. "The system has been set up to break down the nation-state."
As 2015 approaches its end, Brazilians live a period of extraordinary uncertainty. The recession seems to get worse by the day. Inflation is high and shows unexpected resistance to tight monetary policies applied by the Central Bank. The sluggish international economy has largely neutralized incentive and the strong devaluation of the domestic currency could represent a reality to exporters and to producers who compete with now more expensive imports. After an initial resistance, employment levels began to fall.
Foreign direct investment (FDI) is perhaps one of the most ambiguous and the least understood concepts in international economics. Common debate on FDI is confounded by several myths regarding its nature and impact on capital accumulation, technological progress, industrialization and growth in emerging and developing economies.