http://www.engineeringnews.co.za
  SEARCH
Login
R/€ = 13.80Change: -0.12
R/$ = 11.06Change: -0.09
Au 1167.10 $/ozChange: -11.95
Pt 1201.50 $/ozChange: -9.00
 
 
Note: Search is limited to the most recent 250 articles. Set date range to access earlier articles.
Where? With... When?








Start
 
End
 
 
And must exclude these words...
Close Main Search
Close Main Login
My Profile News Alerts Newsletters Logout Close Main Profile
 
Agriculture   Automotive   Chemicals   Competition Policy   Construction   Defence   Economy   Electricity   Energy   Environment   ICT   Metals   Mining   Science and Technology   Services   Trade   Transport & Logistics   Water  
What's On Press Office Tenders Suppliers Directory Research Jobs Announcements Contact Us
 
 
 
RSS Feed
Article   Comments   Other News   Research   Magazine  
 
 
Aug 17, 2012

Indonesia to host WTO’s 2013 Ministerial conference

Back
Geneva|Africa|System|Africa|Indonesia|South Africa|Plastics|Rubber|Service|Arch Binding|Bali
|Africa|System|Africa||Rubber|Service||
geneva|africa-company|system|africa|indonesia|south-africa|plastics|rubber|service|arch-binding|bali
© Reuse this



The World Trade Organisation (WTO) announced, following its general council meeting, held from July 25 to 26, that the ninth WTO Ministerial conference would be held in Bali, Indonesia, during the first week of December 2013. The Ministerial Conference is the highest decision-making body of the WTO, and usually meets every two years. The eighth WTO Ministerial conference was held in Geneva last December.

In thanking members for their decision, the government of Indonesia said: “In the situation where crisis is still hampering the global economy, Indonesia continues to believe that the multilateral trading system has a significant role in fostering fair global trade, sustaining the world economic growth, eradicating poverty and creating job opportunities. In this regard, the next Ministerial conference will, therefore, be very important to re-energise the negotiation process and the progress achieved so far and to strengthen the multilateral trading system. Finally, Indonesia fervently hopes that the exotic ambiance of the land of the gods and goddesses, the warm weather and the hospitality of the people of Bali will rejuvenate and renew the constructive spirit of the Doha Development Agenda negotiation in the WTO.”

Lever Arch Binding Mechanism
On August 3, the South African Revenue Service (Sars) informed of the insertion of six rebate items relating to “binders (loose-leaf or other types), file covers and files of plastics” and “binders (loose-leaf or other types), folders, file covers and files of paper and paperboard”. The rate of customs duty in all instances is zero.

Note 3(b) in Schedule No 3
Sars informed on August 3 of the substitution of Note 3(b) in Schedule No 3 of the Customs and Excise Act with the following: “Any customs duty in respect of any goods referred to in paragraph (a) shall include, in each case, any excise duty specified in and payable under any tariff item or sub item in Part 2 of Schedule No 1 in respect of such goods.” The amendment is with retrospective effect from April 1.

‘Luxury Goods’ Amendments
On August 3, Sars informed of the substitution of Notes in Schedule No 1, Part 2B, of the Customs and Excise Act and the substitution of the tariff items in the same schedule of the Act. The schedule relates to “luxury goods” and is titled “Ad Valorem Excise Duties on Locally Manufactured Goods or Imported Goods of the Same Class or Kind”. The amendment is with retrospective effect from April 1.

‘Sin Goods’ Amendments
Sars informed on August 3 of the substitution of Notes in Schedule No 1, Part 2A, of the Customs and Excise Act and the substitution of the tariff items in the same schedule of the Act. The schedule relates to “sin goods” and is titled “Specific Excise Duties on Locally Manufactured Goods or Imported Goods of the Same Class or Kind”. The amendment is with retrospective effect from April 1.

General Note 5B in Schedule No 1
On August 3, Sars informed of the substitution of General Note 5B in Schedule No 1, Part 1, of the Customs and Excise Act with the following: “Any duties on imported goods specified in parts 2, 3 and 5 of this schedule are additional to any duties specified in Part 1 of the said schedule in respect of such goods.” The amendment is with retrospective effect from April 1.

Hydraulic Brake Fluid
Sars informed on August 3 of the insertion of tariff subheading 3819.00.10, which deals with hydraulic brake fluid. The rate of duty, irrespective of the country of origin, is zero. Owing to its being an eight-digit tariff subheading, it can be deduced that this is a South Africa-specific tariff subheading.

Uncooked Pasta Tariff
The proposed increase in the rate of customs duty on other uncooked pasta not stuffed or otherwise prepared, classifiable under tariff subheading 1902.19, from 30% ad valorem to 45% ad valorem. The applicant is Pioneer Foods, trading as Sasko Pasta.
Comment is due by August 17.

Pneumatic Tyres Review
A proposal has been made for the review of rebate items 460.07/4011.10/01.06 and 460.07/4011.61/ 01.06 relating to new pneumatic tyres of rubber, for which the extent of the rebate of the duty is “full duty”. The applicant is the International Trade Administration Commission of South Africa.
Comment is due by August 17, 2012.

Edited by: Martin Zhuwakinyu
© Reuse this Comment Guidelines (150 word limit)
 
 
 
 
 
 
 
 
Other Trade@Work News
When I was more than an average athlete and trained with a more purpose than I do now, I would hear the only too familiar words of my coach: “Be in the zone." In what zone, you might ask. The 'zone', in athletics, is the state in which an athlete performs to the best...
The World Trade Organisation (WTO) released on October 28 the 2014 editions of its key statistical publications: International Trade Statistics, Trade Profiles, World Tariff Profiles and Services Profiles. International Trade Statistics 2014 provides a detailed...
When embarking on a study of any new subject, the obvious thing to do is to establish its essence. Once the essence is known, the migration to an understanding of the significance and relevance of associated concepts, or the administrative imperatives, follows. In...
More
 
 
Latest News
South Africa’s National Treasury on Friday reissued its amended request for proposal (RFP) for the five-year multibillion-rand project to replace the legacy systems currently in use with an enterprise resource planning (ERP) solution for an integrated financial...
Systems Automation and Management Durban manager Weyers van der Merwe, Richards Bay dry bulk terminal manager Mandla Mpungose and Umfolozi TVET college principal Sam Zungu.
The handover of specialised computer equipment to the Umfolozi Technical and Vocational Education and Training College would address one of the greatest challenges faced by Transnet Port Terminals (TPT) at the Port of Richards Bay – a lack of skills in a highly...
Through hosting the WorldSkills 2014 competition’s mechatronic pre-national finals, industrial control and automation company Festo would promote and support skills development. Festo said the mechatronic competition would give schoolchildren, trainees and students...
More
 
 
Recent Research Reports
Defence 2014: A review of South Africa's defence industry (PDF Report)
Creamer Media’s Defence 2014 report examines South Africa’s defence industry, with particular focus on the key participants in the sector, the innovations that have come out of the sector, local and export demand, South Africa’s controversial multibillion-rand...
Road and Rail 2014: A review of South Africa's road and rail infrastructure (PDF report)
Creamer Media’s Road and Rail 2014 report examines South Africa’s road and rail transport system, with particular focus on the size and state of the country’s road and rail network, the funding and maintenance of these respective networks, and the push to move road...
Real Economy Year Book 2014 (PDF Report)
This edition drills down into the performance and outlook for a variety of sectors, including automotive, construction, electricity, transport, steel, water, coal, gold, iron-ore and platinum.
Real Economy Insight: Automotive 2014 (PDF Report)
This four-page brief covers key developments in the automotive industry over the past 12 months, including an overview of South Africa’s automotive market, trade figures, production and the policies influencing the sector.
Real Economy Insight: Construction 2014 (PDF Report)
This five-page brief covers key developments in the construction industry over the past 12 months. It provides an overview of the sector and includes details of employment in the sector, infrastructure and municipal spending, as well as insight into companies’...
Real Economy Insight: Electricity 2014 (PDF Report)
This five-page brief covers key developments in the electricity industry over the past 12 months, including details of State-owned power utility Eskom’s generation activities, funding and tariffs, independent power producers and prospects for the sector.
 
 
 
 
 
This Week's Magazine
As the City of Ekurhuleni continues its bid to develop the largely industrialised metropole into the continent’s first aerotropolis, executive mayor Mondli Gungubele has committed the city to creating a predictable, stable and enabling business environment in which...
While Ford Motor Company of Southern Africa (FMCSA) did not have “significant issues” with power supply in Gauteng, it was a different story in the Eastern Cape, said FMCSA and American Chamber of Commerce in South Africa president Jeff Nemeth earlier this month....
In 2000, exports into Africa from South Africa represented less than 5% of the turnover of Federal Mogul Motorparts Africa, with sales largely centred around Zimbabwe, Zambia, Malawi and Mozambique. Today, African exports represent 30% of sales, with trade expanded...
The Malawi government has launched a $50-million project to upgrade the Kamuzu barrage, on the Shire river, an outlet of Lake Malawi, which is used to control the flow of water from the lake to the lower Shire area. The project will run from this year to 2017 and...
  Our new Technical and Vocational Education and Training (TVET) Colleges will replace the Further Education and Training (FET) Colleges which have served us for the past twenty years.  The buildings will be the same and most of the staff will be the same but as the...
 
 
 
 
 
 
 
 
 
Alert Close
Embed Code Close
content
Research Reports Close
Research Reports are a product of the
Research Channel Africa. Reports can be bought individually or you can gain full access to all reports as part of a Research Channel Africa subscription.
Find Out More Buy Report
 
 
Close
Engineering News
Completely Re-Engineered
Experience it now. Click here
*website to launch in a few weeks