IFC Global Trade Finance

Global Trade Finance Program

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by barry_ocarter

Canada scrapping tariffs, opening more free trade.
TORONTO (Reuters) - Canadian Finance Minister Jim Flaherty said on Sunday the government would eliminate tariffs on dozens more products used by Canadian manufacturers, aiming to lower their costs and encourage more hiring.
The initiative would scrap custom duties on 70 items used by businesses in sectors such as food processing, furniture and transportation equipment.
Flaherty, who estimated the tariff cuts would save Canadian businesses C$32 million ($30.5 million) a year, said the cuts were part of the Conservative government's overall free trade policy

Hillary Offers a Comprehensive Energy Plan

by Anima_Sola

Hillary's plan promotes energy independence, addresses global warming, and transforms our economy:
* A new cap-and-trade program that auctions 100 percent of permits alongside investments to move us on the path towards energy independence;
* An aggressive comprehensive energy efficiency agenda to reduce electricity consumption 20 percent from projected levels by 2020 by changing the way utilities do business, catalyzing a green building industry, enacting strict appliance efficiency standards, and phasing out incandescent light bulbs;
* A $50 billion Strategic Energy Fund, paid for in part by oil companies, to fund investments in alternative energy

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NBC, Metl Group ink 100bn/- loan for oil business  — IPPmedia
In structuring this deal, Absa provided a Structured Trade Finance Facility, Barclays Bank Mauritius funded a Term Facility, whilst NBC has afforded an Overdraft Facility to Star Oils Tanzania Limited.

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Making the WTO more supportive of development: how to help developing countries integrate into the global trading system.(World Trade Organization): An article from: Finance & Development
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Unsound barriers: protectionism is on the rise again, Scott Payton asks why nations are reneging on their pledges to promote global trade--and whether ... An article from: Financial Management (UK)
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Second Committee: economic and financial; Hurricanes, climate change and trade challenges facing development.(SIXTIETH GENERAL ASSEMBLY): An article from: UN Chronicle
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