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Mairead McGuinness Interview with the Commissioner on her mandate, where she thinks most progress was made, and how she sees the future of finance.   more

This is an email sent by the European Commission's Finance news hub. It is hosted by the Directorate-General for Financial Stability, Financial Services and Capital Markets Union.

WORLD TRADE ORGANIZATION's update

24 Oct 2024
Latest news

Dear maria CHADZIDAKIS VAVOURANAKIS,
Below are the news items published today on the WTO public website which match with your news preferences.








NEWS ITEM

Joint report explores scope for coordinated approaches on climate action, carbon pricing, and policy spillovers

Five international organizations released on 23 October a landmark report that outlines pathways for coordinated approaches on climate action, carbon pricing, and the cross-border effects of climate change mitigation policies with a view to achieving global climate goals.


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NEWS ITEM

Trade Policy Review: Maldives

The fourth review of the trade policies and practices of the Maldives takes place on 23 and 25 October 2024. The basis for the review is a report by the WTO Secretariat and a report by the Government of the Maldives.

TPR documents ⟶







NEWS ITEM

Committee on Market Access holds third thematic session on supply chain resilience

The Committee on Market Access hosted a thematic session on supply chain resilience on 18 October as a follow-up to discussions held in May this year and November of last year. China, India, Thailand, the United States and Switzerland shared their perspectives on how trade data supports the assessment of supply chains and helps to improve understanding of the flow of goods across sectors.

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NEWS ITEM

Kuwait formally accepts Agreement on Fisheries Subsidies

Kuwait’s WTO Ambassador Nasser Abdullah Al-Hayen presented his country’s instrument of acceptance of the Agreement on Fisheries Subsidies to Director-General Ngozi Okonjo-Iweala on 22 October. This brings to 86 the total number of WTO members that have formally accepted the Agreement.


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NEWS ITEM

DDG Ellard: Global cooperation through a strong WTO vital for economic resilience

At the 3rd Kiel-Centre for Economic Policy Research (CEPR) Conference on Geoeconomics in Berlin on 18 October, Deputy Director-General Angela Ellard emphasized the importance of strengthening economic resilience through enhanced global cooperation. She highlighted the crucial role of the WTO in building trust and fostering global cooperation amid geopolitical tensions.

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NEWS ITEM

WTO concludes second phase of advanced workshop on agriculture notifications

A total of 22 government officials from developing and least-developed WTO members and observers completed the second phase of the advanced agriculture notification workshop held at the WTO from 15 to 17 October. The activity sought to assist participants in meeting their transparency obligations under the WTO Agreement on Agriculture.

News item ⟶

E.B.E.A. επιχειρηματική ενημέρωση

 

Πέμπτη, 24 Οκτωβρίου 2024 ΔΝΤ: Προβλέπει μείωση του δημόσιου χρέους της Ελλάδας κατά σχεδόν 30 ποσοστιαίες μονάδες έως το 2029 Το πρωτογενές πλεόνασμα της Ελλάδας θα διαμορφωθεί στο 2,1% του ΑΕΠ το 2024 από 1,9% το 2023 και θα διατηρηθεί στο επίπεδο αυτό και τα επόμενα χρόνια έως το 2029, προβλέπει το Διεθνές Νομισματικό Ταμείο με την Έκθεσή του για τις παγκόσμιες δημοσιονομικές εξελίξεις (Fiscal Monitor). Το δημόσιο χρέος της Ελλάδας, στο οποίο, όπως αναφέρει το Ταμείο, έχουν συνυπολογιστεί οι αναβαλλόμενοι τόκοι από δάνεια που είχε πάρει η Ελλάδα, προβλέπεται να μειωθεί από το 168,9% του ΑΕΠ το 2023 στο 159% εφέτος και να υποχωρήσει σταδιακά στο 139,4% το 2029, δηλαδή κατά σχεδόν 30 ποσοστιαίες μονάδες. Το συνολικό δημοσιονομικό ισοζύγιο, που περιλαμβάνει και τους τόκους εξυπηρέτησης του δημόσιου χρέους, προβλέπεται να παρουσιάσει έλλειμμα 1% του ΑΕΠ το 2024 και 0,9% το 2025, το οποίο σταδιακά θα αυξηθεί στο 1,5% το 2029. Τα έσοδα της Γενικής Κυβέρνησης προβλέπεται να διαμορφωθούν στο 47,6% του ΑΕΠ εφέτος, να διατηρηθούν περίπου στα ίδια επίπεδα (47,7%) το 2025 και να μειωθούν σταδιακά  στο 44,2% το 2029. Για τις δαπάνες της Γενικής Κυβέρνησης, το ΔΝΤ προβλέπει ότι θα ανέλθουν στο 48,6% του ΑΕΠ φέτος και το 2025 και θα υποχωρήσουν σταδιακά στο 45,7% το 2029.

NATO update

18 October 2024 Update NATO Secretary General: Strengthening deterrence “top priority” NATO Defence Ministers wrapped up two days of talks on 18 October 2024 with a commitment to further support Ukraine, strengthen ties with partners in the Asia-Pacific and reinforce the Alliance’s deterrence and defence. READ MORE NATO Defence Ministers Meeting opens with a focus on Ukraine and the Indo-Pacific NATO Defence Ministers agreed on 17 October 2024 to boost cooperation with their Indo-Pacific partners and to step up support for Ukraine. Read more NATO launches five new multinational cooperation initiatives that enhance deterrence and defence On 17 October 2024, NATO launched five initiatives designed to address some of the most critical areas for Allied deterrence and defence. These new multinational High Visibility Projects will involve a total of 26 Allies and will help deliver critical capabilities that will enhance interoperability among NATO forces. Read more

APEC News

Public Policies in Focus as APEC Pushes for Sustainable Finance Solutions

Issued by the APEC Finance Ministers’ Process

Lima, Peru, 24 October 2024

The growing urgency to address climate change and environmental challenges has propelled sustainable finance into the spotlight as governments, businesses and investors increasingly prioritize sustainability considerations. This shift is transforming the financial landscape and driving capital toward projects that promote sustainability from renewable energy infrastructure to social impact initiatives.

Against this backdrop, APEC Finance Ministers from across the APEC region convened in Lima on Sunday to discuss strategies for promoting low-carbon, climate-resilient economies. Representatives from international organizations, business leaders, and experts also offered their views on transition to a sustainable economy and the potential for investment it may bring.

Opening the High-Level Event on Sustainable Finance: Public Policies in Action for Sustainable Development, José Arista Arbildo, Peru’s Minister of Economy and Finance, emphasized the importance of recognizing the interconnection between economic growth, environmental sustainability and social well-being.

EUROPEAN COMMISSION:AGRICULTURE AND RURAL DEVELOPMENT

 

AGRICULTURE AND RURAL DEVELOPMENT Milk and dairy products newsletter

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Latest update Dashboard: Milk and dairy products Highlights EU butter prices: 786€/100 kg, +0.8% in the last 4 weeks; EU SMP prices: 250€/100 kg, -1.8% in the last 4 weeks; EU WMP prices: 410€/100 kg, -3.5% in the last 4 weeks; EU cheddar prices: 415€/100kg, +2.3% in the last 4 weeks; IT’s spot milk price slightly up, at 65.3c/kg (20.10.2024); Increase of feed cost by +1.1% and of energy cost by +4.7% in week 42 compared to the previous 4 weeks. EU milk and dairy products policy | EU agricultural markets short-term outlook Agricultural markets dashboard – sheep meat View the latest update Related links EU Sheepmeat and goatmeat policy | EU agriclutural markets short-term outlook – animal products Agricultural markets dashboard – poultry meat View the latest update Related links EU poultry policy | EU agricultural markets short-term outlook Agricultural markets dashboard – eggs View the latest update Related links EU eggs policy | EU agricultural markets short-term outlook Agricultural markets dashboard – Tomatoes See the latest update in the fruit and vegetables market observatory. Related links EU fruits and vegetables scheme | EU agricultural markets short-term outlook – arable crops

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Agri-Food Days 2024 Agri-Food Days 2024 teaser date 10/12/2024 - 12/12/2024 venue Charlemagne building, Rue de la Loi 170 - 1049 Brussels Belgium Registration Register to attend on site

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U.S.A.'s interesting latest news

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Freeze your credit to protect yourself from identity fraud Identity theft and credit fraud are common scams that can seriously damage your credit score. For example, they can limit your access to home, auto, and student loans. Placing a freeze on your credit protects you by: Restricting access to your credit report Preventing others from opening new credit accounts in your name Freezing your credit is free and lasts until you remove it. To do so, contact all three credit reporting bureaus (Equifax, Experian, and TransUnion).

News and Media Release PBGC Approves SFA Application for Midwestern Teamsters Plan Midwestern Teamsters Pension Plan Averts Insolvency and Reduction of Benefits Through Receipt of Special Financial Assistance FOR IMMEDIATE RELEASE October 23, 2024 WASHINGTON, D.C. — The Pension Benefit Guaranty Corporation (PBGC) announced today that it has approved the application submitted to the Special Financial Assistance (SFA) Program by the Midwestern Teamsters Pension Plan (Midwestern Teamsters Plan). The plan, based in Oak Brook, Illinois, covers 615 participants in the transportation industry. The Midwestern Teamsters Plan will receive approximately $23.6 million in SFA, including interest to the expected date of payment to the plan. The plan was projected to become insolvent and run out of money in 2032. Without the SFA Program, the Midwestern Teamsters Plan would have been required to reduce participants’ benefits to the PBGC guarantee levels upon plan insolvency, which is roughly 20 percent below the benefits payable under the terms of the plan. That means, if not for the SFA Program, participants in the plan would have seen their monthly pension benefits reduced by roughly 20 percent. SFA will enable the plan to continue to pay retirement benefits without reduction for many years into the future.