Prime Minister Justin Trudeau met with...

 Prime Minister Justin Trudeau meets with Chancellor of Germany Olaf Scholz

August 22, 2022
Montréal, Quebec

Today, Prime Minister Justin Trudeau met with the Chancellor of Germany, Olaf Scholz, in Montréal, where he welcomed him yesterday during an informal dinner, as part of his first official visit to Canada. The two leaders were joined by Deputy Prime Minister and Minister of Finance, Chrystia Freeland, Minister of Foreign Affairs, Mélanie Joly, Minister of Innovation, Science and Industry, François-Philippe Champagne, and Minister of Natural Resources, Jonathan Wilkinson.

Prime Minister Trudeau and Chancellor Scholz condemned Russia’s ongoing military aggression against the territorial integrity, sovereignty, and independence of Ukraine, and discussed their commitment to further supporting Ukraine and the Ukrainian people. The two leaders commended the resolve and unity of Allies in supporting Ukraine, and committed to continue working through NATO and the G7 to maintain pressure on Russia to end the conflict and withdraw from Ukraine.

Prime Minister Trudeau, Chancellor Scholz, and their delegations discussed expanding Canada and Germany’s deep and long-standing partnership in areas of common interest, including trade and investment, clean energy and clean technology, and global climate leadership. The leaders and ministers expressed their resolve to address the impacts of climate change, including the importance of expanding the international coverage of carbon pricing in the lead-up to COP27. On energy cooperation, Prime Minister Trudeau reiterated Canada’s commitment as a key partner in addressing Europe’s energy needs now and in the years to come, including through strengthened cooperation on hydrogen and critical minerals. The Prime Minister and the Chancellor underlined the great potential for strengthened supply chains between Canada and Germany, and agreed on the need to further expand commercial and investment ties to help create good jobs and economic prosperity, including through strengthened business-to-business relations and the Canada-European Union Comprehensive Economic and Trade Agreement (CETA).

The Prime Minister and the Chancellor expressed their concern with respect to the heightened tensions in the Indo-Pacific region, and agreed on the importance of pursuing joint collaboration and engaging constructively in the region. The two leaders and their delegations also discussed priorities for the upcoming G20 Summit and committed to working with G7 Allies to address the concerns and needs of partners in the Global South.

Associated Links

• Canada-Germany relations
• Chancellor of Germany Olaf Scholz to visit Canada
• Prime Minister Justin Trudeau speaks with Chancellor of Germany Olaf Scholz
• Canada-European Union Comprehensive Economic and Trade Agreement (CETA)
• Canada’s response to the Russian invasion of Ukraine

Γ. Χατζηθεοδοσίου στο Open: Πολλές επιχειρήσεις κινδυνεύουν να κλείσουν αν δεν ληφθούν άμεσα μέτρ

 

Αθήνα, 22 Αυγούστου 2022

Δελτίο Ενημέρωσης Νο. 1593

Γ. Χατζηθεοδοσίου στο Open: Πολλές επιχειρήσεις κινδυνεύουν να κλείσουν αν δεν ληφθούν άμεσα μέτρα Για τις δυσκολίες που αντιμετωπίζουν καταναλωτές και επιχειρηματίες – επαγγελματίες λόγω της ενεργειακής κρίσης και της ακρίβειας, μίλησε ο... Περισσότερα

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U.S.A.'s newest

The following GAIN reports were released on August 19, 2022. _______   Thailand: Rice Price - Weekly Rice export prices increased 2-4 percent due to the appreciation of the Thai baht.   For more information, or for an archive of all FAS GAIN reports, please visit gain.fas.usda.gov/.

Get Money Back From Government Assistance Scam Sites






On Point Global, LLC ran more than 200 websites that stole money and personal information in exchange for checking an applicant’s eligibility for various government benefits. These sites may have asked for your age, gender, bank account information, or credit card number.


If you believe one of these sites scammed you, you may qualify for a refund by filing a claim with the Federal Trade Commission (FTC) by August 31, 2022. Learn more, including what the scam websites were and what steps to take to get your money back.

The U.S. Department of Commerce invites you to participate in the International Aviation Event in Brazil. The event will take place in the Brazilian aviation clusters of São José dos Campos and São Paulo, October 24-28, 2022. The purpose of the event is to introduce U.S. suppliers to Brazil’s aerospace ecosystem, identify new business opportunities and export to the vibrant Brazilian market. Why You Should Join: Meet with Brazilian aviation manufacturers, airline companies, aviation reps, aviation maintenance companies and defense companies who are actively looking for new U.S. suppliers. Such as Azul, Lider, LATAM, Gol, DESAER, TAM Executive, etc… Participate in one-on-one business appointments with pre-screened potential buyers, distributors, reps, joint ventures in the Brazilian aviation clusters of São José dos Campos and São Paulo. Gain market insights, make industry contacts, solidify business strategies, and advance specific projects. Learn about Brazilian market priorities, policies and regulatory, business opportunities, as well as strategies to navigate the business climate in Brazil. Activities Include: One-on-one Meeting Programs Networking Receptions. Market Briefings Press Events Why Brazil: Brazil is the largest economy in South America and the second largest economy in the Western Hemisphere. It is the fifth-largest aviation market worldwide by number of passengers with over 95 million passengers transported in 2019. Following the global pandemic, Brazil leads the South American market in terms of flight recovery. Domestic demand in Brazil has already reached 90% of pre-pandemic levels and, as of March 2022, there are 1,684 international and 1,868 domestic flight routes in operation in Brazil.   APPLY NOW: https://forms.office.com/g/xTz4ZU3cTW   Space is limited to the first 35 companies. EVENT SCENARIO São José dos Campos Oct 24 – 26, 2022 São Paulo Oct. 27 – 28, 2022 Registration Deadline: Sep. 30, 2022 Cost: $2,800, Small Company $5,100, Large Company $1,000 for each additional firm representative * Expenses for travel, lodging, meals and incidentals will be the responsibility of each participant. * Participants must be U.S. manufacturers of products with at least 51% U.S. content from the list of products. Questions Renato Sabaine U.S. Commercial Service São Paulo, Brazil Jacqueline Roeder U.S. Commercial Service San Diego, CA

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The U.S. Commercial Service is the trade promotion arm of the U.S. Department of Commerce's International Trade Administration. U.S. Commercial Service trade professionals in over 100 U.S. cities and in more than 75 markets help U.S. companies get started in exporting or increase sales to global markets. If you are ready to begin exporting or expand to additional global markets, please contact your nearest U.S. Commercial Service office or access exporting resources.

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U.S. Census Bureau:The Week Ahead: Back to School

 

The Week Ahead: Back to School  Today is Monday, August 22, and it is Back to School preparation time. Yesterday, August 21, was National Senior Citizens Day. Friday, August 26, is Women's Equality Day. Saturday, August 27, is National Petroleum Day. View our Stats for Stories page for more upcoming observances. As students head back to school   , unpack education-related Census Bureau data and share our Statistics in Schools digital resources with the teachers, parents, and caregivers you know. Explore Summer is ending. It’s time to get back to school!   Teachers: To celebrate the occasion with your students, have them explore statistics on how our nation’s students and teachers get ready for a return to the classroom. Download our handout and be sure to share it with parents and caregivers. Read More

Treasury Inspector General for Tax Administration:Review of the Independent Office of Appeals Collection Due Process Program.

The Treasury Inspector General for Tax Administration (TIGTA) today released the following:

Audit Report:    

• Read the Report:  Review of the Independent Office of Appeals Collection Due Process Program.
  

 

 

Email Address: TIGTACommunications@tigta.treas.gov

Phone Number: 202-622-6500 

Website: http://www.tigta.gov

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IMF update

 

Dear maria, We just published a new blog—please find the full text below.  Crypto is More in Step With Asia’s Equities, Highlighting Need for Regulation (PHOTO: BEHNAM NOROUZI/UNSPLASH) By Nada Choueiri, Anne-Marie Gulde-Wolf and Tara Iyer 中文, 日本語 Few parts of the world have embraced crypto assets like Asia, where top adopters include individual and institutional investors from India to Vietnam and Thailand. This raises the important issue of the extent of integration of crypto into the financial system in Asia. While digitalization can aid in the transition to an environmentally-conscious payment system and also foster financial inclusion, crypto can pose financial stability risks. Before the pandemic, crypto seemed insulated from the financial system. Bitcoin and other assets showed little correlation with Asian equity markets, which helped diffuse financial stability concerns. Crypto trading, however, soared as millions stayed home and received government aid, while low interest rates and easy financing conditions also played a role. The total market value of the world’s crypto assets surged 20-fold in just a year and a half to $3 trillion in December. Then it plunged to less than $1 trillion in June as central bank interest rate increases to contain inflation ended easy access to cheap borrowing. While the financial sector appears to have been insulated from these sharp movements, it may not be in future boom-bust cycles. Contagion could spread through individual or institutional investors that may hold both crypto and traditional financial assets or liabilities. Large losses on crypto may drive these investors to rebalance their portfolios, possibly causing financial-market volatility or even default on traditional liabilities. As Asian investors piled into crypto, the correlation between the performance of the region’s equity markets and crypto assets such as Bitcoin and Ethereum has increased. While the returns and volatility correlations between Bitcoin and Asian equity markets were low before the pandemic, these have increased significantly since 2020. For example, the return correlations of Bitcoin and Indian stock markets have increased by 10-fold over the pandemic, suggesting limited risk diversification benefits of crypto. The volatility correlations have increased by 3-fold suggesting possible spillovers of risk sentiment among the crypto and equity markets. Key drivers of the increased interconnectedness of crypto and equity markets in Asia could include growing acceptance of crypto-related platforms and investment vehicles in the stock market and at the over-the-counter market, or more generally growing crypto adoption by retail and institutional investors in Asia, many of whom have positions in both the equity and crypto markets. Using the spillover methodology developed in our January Global Financial Stability Note, we also find that the rise in crypto-equity correlations in Asia has been accompanied by a sharp rise in crypto-equity volatility spillovers in India, Vietnam, and Thailand. This indicates a growing interconnectedness between the two asset classes that permits the transmission of shocks that can impact financial markets. Accordingly, authorities in Asia are increasingly sensitive to the rising risks posed by crypto as adoption continues to spread. They have therefore dialed up their focus on crypto regulation, and regulatory frameworks are underway in several countries including India, Vietnam and Thailand. A significant effort is also needed to address important data gaps that still prevent domestic and international regulators from fully understanding ownership and use of crypto and its intersection with the traditional financial sector. Regulatory frameworks for crypto in Asia should be tailored to the main uses of such assets within the countries. They should establish clear guidelines on regulated financial institutions and seek to inform and protect retail investors. Finally, to be fully effective, crypto regulation should be closely coordinated across jurisdictions. Jeff Kearns Managing Editor IMF Blog jkearns@IMF.org   Thank you again for your interest in IMF Blog. Read more of our latest content here. Take good care!