The buzz over BRICs (Brazil, Russia, India and China) may have been replaced by news of CIVETS (Colombia, India, Vietnam, Egypt, Turkey ans South Africa), but opportunities still abound in all these countires, Make sure you’re ready to begin trading with these busy markets- join I.E.Canada for its upcoming international webinars. Sign up for one [...]
The buzz over BRICs (Brazil, Russia, India and China) may have been replaced by news of CIVETS (Colombia, India, Vietnam, Egypt, Turkey ans South Africa), but opportunities still abound in all these countires, Make sure you’re ready to begin trading with these busy markets- join I.E.Canada for its upcoming international webinars. Sign up for one or take advantage of the savings and sign up for an entire series!
Series I
1) Importing into Russia
April 11, 2013 1:00pm – 2:30pm EST
2) Importing into Japan
April 25, 2013 1:00pm – 2:30pm EST
3) Importing into India
May 9, 2013 1:00pm – 2:30pm EST
CLICK HERE for more information and to register.
Series II
1) Importing into Turkey
June 6, 2013 1:00pm – 2:30pm EST
2) Importing into Vietnam
June 20, 2013 1:00pm – 2:30pm EST
3) Importing into South Africa
July 11, 2013 1:00pm – 2:30pm EST
CLICK HERE for more information and to register.
Member Registration Rate: $150/session or 3 for $300 (full series)
Non-Member Registration Rate: $200/session or 3 for $500 (full series)
The heads of the revenue of the BRICS countries – Brazil, Russia, India, China and South Africa – have identified seven areas of tax policy and tax administration for extending mutual cooperation in strengthening the enforcement processes. A joint communiqué issued on January 18, 2013, at the end-of a two-day meeting, pledged to extend mutual [...]
The heads of the revenue of the BRICS countries – Brazil, Russia, India, China and South Africa – have identified seven areas of tax policy and tax administration for extending mutual cooperation in strengthening the enforcement processes.
A joint communiqué issued on January 18, 2013, at the end-of a two-day meeting, pledged to extend mutual cooperation in developing standards on international taxation and transfer pricing taking into account the aspirations of developing countries in general and BRICS Countries in particular.
The five BRICS countries agreed to cooperate in strengthening the enforcement processes, sharing of best practices and capacity building, sharing of anti-avoidance and non-compliance practices and promotion of effective exchange of information.
The BRICS countries also vowed mutual cooperation to address the problems like incomplete disclosure of information and fraudulent claims in order to prevent the erosion of the tax base and profit shifting. Continue reading »
“A problem with thinking in acronyms is that once one catches on, it tends to lock analysts into a world view that may soon be outdated.” — Ruchir Sharma Ruchir Sharma is the head of Emerging Markets and Global Macro at Morgan Stanley Investment Management. He is also the author of Breakout Nations: In Pursuit [...]
“A problem with thinking in acronyms is that once one catches on, it tends to lock analysts into a world view that may soon be outdated.” — Ruchir Sharma
Ruchir Sharma is the head of Emerging Markets and Global Macro at Morgan Stanley Investment Management. He is also the author of Breakout Nations: In Pursuit of the Next Economic Miracle, published earlier this year.
In six short pages, Mr. Sharma pours a lot of cold water on the notion of the BRICs – Brazil, Russia, India, and China – as a four-team economic powerhouse, with more than a few barbs at economic forecasting generally. After noting, for example, the relative weakness in recent years of the Russia economy and the Russia stock market, he suggests that “Russia remains a member of the BRICs if only because the term sounds better with an R.” He is not much kinder to India and Brazil. As for China, in Mr. Sharma’s view, most of the hype over emerging markets can, or should be, attributed to China alone.
On economic forecasting generally he offers these insights:
• “The current fad in economic forecasting is to project so far into the future that no one will be around to hold you accountable.”
• “The longest period over which one can find clear patterns in the global economic cycle is around a decade.” And,
• “Most CEOs and major investors still limit their strategic vision to three, five, or at most seven years…”
Broken BRICs: Why the Rest Stopped Rising is a link to Mr. Sharma’s Foreign Affairs article as it appears on the website of the Council on Foreign Relations.
A Delta Economics report commissioned by HSBC predicts that U.S. trade will increase by 95% by 2026 and that growth in exports will be led by shipments to developing countries. “Traditional export•driven economies in ‘emerging’ markets are becoming more consumer•driven and importing more from high•end developed nation producers like the United States to fulfill demand,” [...]
A Delta Economics report commissioned by HSBC predicts that U.S. trade will increase by 95% by 2026 and that growth in exports will be led by shipments to developing countries. “Traditional export•driven economies in ‘emerging’ markets are becoming more consumer•driven and importing more from high•end developed nation producers like the United States to fulfill demand,” an HSBC press release quoted Senior Executive Vice President Steve Bottomley as saying. “U.S. businesses should not ignore this important shift, and growth driver, but instead position themselves to become beneficiaries of this opportunity that is expected to help fuel global trade for many years to come.”
Highlights of the report include the following:
• U.S. trade growth is forecast to average 3.3% annually over the next five years and then accelerate to more than 6% by 2021.
• Canada and Mexico will remain the two main export partners for the U.S. and its number two and three sources for imports through 2016. However, growth will be relatively slow, with annual exports up 1.7% to Canada and 4% to Mexico and imports rising 0.7% and 3%, respectively.
• Emerging nations expected to import U.S. goods at the fastest pace during the next five years include Peru (8.7%), Turkey and Brazil (each more than 8%) and India (7.6%).
• U.S. imports from emerging nations are also expected to rise during this period, led by Vietnam at around 7% and Colombia, Russia and Singapore at 5•7%.
• Exports of soy beans, coal and petroleum should all see significant growth during the next five years, above 9%. Biopharmaceuticals and telecommunications equipment are the two fastest growing non-commodity exports at 8.6% and 6.7%.
• 59% of U.S.-based importers and exporters anticipate an overall increase in their trade volumes over the next six months, with 29% identifying Latin America as their greatest opportunity for trade growth and 23% naming China. U.S. businesses are also more optimistic about the state of the global economy, with 44% expecting it to improve by the end of the year, up from 29% in the latter part of 2011.
• China is expected to continue see strong annual growth in both imports (5.1%) and exports (4.7%) through 2016. The annual growth rate of U.S. exports to China is forecast to outpace that of U.S. imports from China during this period.
• China and Germany are set to leapfrog the U.S. to become the world’s largest importers by 2026.
Source: STR Trade Report
Download the report from our website
