Over the course of the opening months of this year, despite the impact of the COVID-19 epidemic, the US remained the country’s largest export market, contributing significantly to Vietnamese export growth. According to the General Department of Customs, the first four months of the year saw total trade turnover between the two sides reach US$24.92 billion, with US$20.16 billion from Vietnam's export turnover and US$4.76 billion from its imports. … [Read more...] about Vietnam, US boost footwear trade post -COVID-19
Trade related intellectual property rights
'Every year on 9/11, he would go looking for the magazine and say, "Look, it’s here again,' Jessica Rashes, Cooper’s 27-year-old daughter said. In 1993, Cooper and Rashes adopted Jessica from Guatemala. Rashes and Cooper pictured with young Jessica in a photo she shared on social media … [Read more...] about Man photographed fleeing collapsing World Trade Center on 9/11 dies from COVID-19 at the age of 78
NEW DELHI: India may register its first monthly trade surplus in over 18 years in June as the pace of contraction of exports is estimated to have slowed down to around 12%, while imports are seen to have fallen almost 49% during the month.Initial estimates for June, available with the commerce department, show a trade surplus of around $786 million, with imports pegged at $21.1 billion and exports at $21.9 billion. The last time India had a positive balance on the trade account was in January 2002 when it had a surplus of $10 million with exports of $4.3 billion.On Friday, commerce and industry minister Piyush Goyal had said that exports in June 2020 had touched 88% of June 2019 level due to unlocking of the economy and resumption of activity. The latest numbers, which will be officially released on July 15, indicated that the pace of export contraction has moderated as industries opened up (see graphic).Policy makers, however, said that the overall pace will pick up as there is … [Read more...] about India may see first monthly trade surplus in 18 years
By Peter Egwuatu Barring unforeseen circumstances, there are strong indications that Association of Securities Dealing Houses of Nigeria (ASHON) has stepped up an arrangement to ensure that its members trade on all the securities exchanges in Nigeria in line with the new name of the professional trade group. … [Read more...] about ASHON to harmonize members’ trading on FMDQ, NASD, LCFE
The US is home to large tech majors who have spread their tentacles across the globe. Yet, it has led to discontent amongst countries where they operate but are not taxable. India is treading where France has failed, in trying to bring Google, Amazon and other e-commerce majors under the tax net with an Equalisation Levy. While India says that it provides a large number of users, others call it double taxation. In the midst of the discussion, the US launched an investigation against the move. Here is what Amit Maheshwari of AKM Global tells Amol Dethe about the case for its tax, it’s effects and the many tricks the US has, up its sleeve. Edited Excerpts... Q: The USA started an investigation against the Equalisation Levy that India has imposed in 2016. Can you give us an idea why? Amit Maheshwari: The US launched a formal investigation into the ‘Equalization Levy 2.0’ which is basically the new two per cent levy on non-resident e-commerce operators. This was passed … [Read more...] about Can the millions of tech users help India tax Amazon and Google?