http://www.engineeringnews.co.za
  SEARCH
Login
R/€ = 13.67Change: -0.10
R/$ = 12.35Change: -0.10
Au 1164.55 $/ozChange: -7.21
Pt 1078.50 $/ozChange: -10.00
 
 
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 Letters 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
Creamer Media Senior Deputy Editor
© Reuse this Comment Guidelines (150 word limit)
 
 
 
 
 
 
 
 
Other Trade@Work News
One of my passions in life is to study and uncover the origin of words, especially those that pertain to international trade – international trade terminology, if you will. In earlier columns I explored the origins of, besides others, 'duty', ,tax' and 'levy'. I am...
In recent weeks, this column explored the nature and intent of taxation on luxury (nonessential) goods, 'sin goods' (possibly rather 'vices goods'), and a range of goods which, through its application and use, imposes an internal cost on others. In all instances,...
In recent columns, I reflected on the 'hidden' duties, levies or taxes that the South African Revenue Service (Sars) is either imposing or administering, or doing both, which affects your daily life – perhaps inadvertently. The first article, titled ‘Plastic bag levy...
More
 
 
Latest News
Sappi Southern Africa CEO Alex Thiel
Updated 45 minutes ago Pulp and paper manufacturer Sappi will sell its Enstra Mill recycled containerboard and kraft papers business, in Springs, to packaging supplier Corruseal Group for an undisclosed amount. The mill would continue to manufacture recycled and lightweight packaging...
Updated 1 hour 20 minutes ago New car sales, which fell by 4.8% in June compared with June last year, are the latest victim of economic uncertainty. Simphiwe Nghona, the executive head for motor retail at Wesbank, talking to ANA about new car sales figures released by the National Association of...
Amec Foster Wheeler Middle East and Africa president Garry Dryburgh
Updated 1 hour 29 minutes ago Multinational consultancy, engineering and project management company Amec Foster Wheeler has appointed Garry Dryburgh as president of its Middle East and Africa operations, effective August 9. He would be based in Abu Dhabi and would report to Amec Foster Wheeler...
More
 
 
Recent Research Reports
Real Economy Year Book 2015 (PDF Report)
There are very few beacons of hope on South Africa’s economic horizon. Economic growth is weak, unemployment is rising, electricity supply is insufficient to meet demand and/or spur growth, with poor prospects for many of the commodities mined and exported. However,...
Real Economy Insight: Automotive 2015 (PDF Report)
Creamer Media’s Real Economy Year Book comprises separate reports under the banner Real Economy Insight and investigates key developments in the automotive, construction, electricity, road and rail, steel, water, gold, iron-ore and platinum sectors.
Real Economy Insight: Water 2015 (PDF Report)
Creamer Media’s Real Economy Year Book has been divided into individual reports under the banner Real Economy Insight and investigates key developments in the automotive, construction, electricity, road and rail, steel, water, coal, gold, iron-ore and platinum sectors.
Real Economy Insight: Construction 2015 (PDF Report)
Creamer Media’s Real Economy Year Book has been divided into individual reports under the banner Real Economy Insight and investigates key developments in the automotive, construction, electricity, road and rail, steel, water, coal, gold, iron-ore and platinum sectors.
Real Economy Insight: Electricity 2015 (PDF Report)
Creamer Media’s Real Economy Year Book has been divided into individual reports under the banner Real Economy Insight and investigates key developments in the automotive, construction, electricity, road and rail, steel, water, coal, gold, iron-ore and platinum sectors.
Real Economy Insight: Road and Rail 2015 (PDF Report)
Creamer Media’s Real Economy Year Book has been divided into individual reports under the banner Real Economy Insight and investigates key developments in the automotive, construction, electricity, road and rail, steel, water, coal, gold, iron-ore and platinum sectors.
 
 
 
 
 
This Week's Magazine
JSE-listed Afrimat will make a cash offer to acquire the entire remaining issued share capital of subsidiary Infrasors that it does not already own.
TEAMWORK Aggreko Europe, Middle East & Africa MD David Taylor-Smith; Aggreko Zambia chairperson Dr. Sixtus Mulenga; Aggreko Africa MD James Shepherd
Temporary power generation services provider Aggreko announced earlier this month that it had appointed Dr Sixtus Mulenga as nonexecutive chairperson of Aggreko Zambia, a move it believed was integral to the ongoing expansion of its operations in Zambia and the rest...
Major global aircraft manufacturer Airbus Commercial Aircraft is maintaining a steady course. "I don't have any big news, good or bad," company President and CEO Fabrice Brégier told international aviation journalists in Toulouse, France, at the company’s recent...
MEASURING DEVICES Bosch has released a mobile app that enables the measurements made with measuring devices to be sent and used directly on the app for accuracy and on-site quoting
Industrial tool manufacturer Bosch has increased the compatibility of many batteries in its range of blue industrial power tools and has released mobile-device applications (apps) for users of the tools, says Bosch South Africa training manager Peter du Bruyn. Many...
The new Nissan Navara has been launched onto the global market, but Nissan South Africa (NSA) will only know in August whether the local Rosslyn plant will assemble the one-ton pickup. The NSA plant currently produces the old NP300 Hardbody one-ton bakkie, as well as...
 
 
 
 
 
 
 
 
 
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
Subscribe Now for $96 Close
Subscribe Now for $96