Search Results for: World Trade Organisation

BY KEITH NUTHALL
THE EUROPEAN Free Trade Area has told the European Union that it is “deeply disturbed” by not being “exempted from the European Commission’s measures to restrict steel imports.” The Chairman of EFTA’s Standing Committee, Ambassador Gunnar Snorri Gunnarsson (CORRECT NAME) claimed at an EU-EFTA meeting that the EU had erred by failing to exempt EFTA states, (Iceland, Switzerland, Norway and Liechtenstein), from its safeguard regime, designed to stop EU markets from being flooded with steel normally sold in the US.…

BY KEITH NUTHALL
THE EUROPEAN Union Council of Ministers has authorised the European Commission to negotiate guaranteed prices for sugar suppliers from India and the so called ACP (African Caribbean Pacific) group of countries, which has special trade relations with the EU.…

BY ALAN OSBORN
THE EUROPEAN Commission will this month decide whether to start launching inquiries into the piecemeal dismantling of the falling Andersen empire. Competition spokeswoman Amelia Torres told Accountancy Age that Brussels had now been officially informed of the proposed acquisition by Deloitte Touche Tohmatsu of Andersen UK and had until July 1 to say whether the deal should be cleared or “whether we need to take a closer look at it.”…

BTY MARK ROWE
THERE is a clear moral argument that individuals and companies should nurture the Earth’s precious resources. But such a stance also makes profound economic sense since it reduces a company’s waste and improves efficiency. This is particularly the case for a tobacco company where every stage of the production, distribution and consumption of tobacco products has environmental implications.…

BY MARK ROWE
THE ROYAL Dutch/Shell Group, Europe’s second largest oil company by sales, will decide next year on the location of what will be the world’s biggest natural gas-to-liquids plant. Malaysia, Argentina and Iran and are understood to be leading contenders for the US$1billion project, which will produce 75,000 barrels a day of kerosene, diesel and other fuels and is due to start operation in 2006.…

BY MONICA DOBIE
THE INSURANCE industry is being warned by the International Chamber of Commerce’s Commercial Crime Bureau (CCB) to be suspicious of documents promoting policies using the good name of the ICC.

Fraudsters are mentioning a fake standard called the “Modified Insurance Guarantee ICC 4081,” used in fraudulent documents relating to bank guarantees and letters of credit to add credibility to fictitious policies and high yield investment schemes.…

BY KEITH NUTHALL
THE WORLD Bank’s International Finance Corporation has agreed to reschedule US$204 million of its loans to Star Petroleum Refining Company Limited, Thailand, which is 64 per cent owned by Chevron-Texaco. The Thai company’s overall debt is US$549 million.…

BY MARK ROWE
MUSEUMS and research institutions are being warned that they risk losing vast amounts of digital information unless new techniques are developed to conserve the material.

Until recently all that was needed to archive information recorded in traditional forms such as the printed page, analogue tape or film was the physical storage place to house the material.…

BY KEITH NUTHALL
THE INTERNATIONAL Finance Corporation, of the World Bank, is investing US$10 million in Turkish tiles manufacturer Eczazibasi Karo Seramik A.S (EKS) to help the company overcome working capital shortages, improve production efficiency, and boost exports. The is part of the corporation’s ongoing support for Turkey’s private sector following last year’s financial crises, which restricted the flow of international capital.…

BY KEITH NUTHALL
THE EUROPEAN Commission has underlined its optimism about European beef production, predicting in its report on “Prospects for Agricultural Markets: 2002-2009 that it was set to return to “more normal” levels. The Commission says that this will result from increased prices and the end of livestock destruction schemes by March 2002 (except in the UK).…