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May 2015

WTO issues its World Trade Report 2014
15/05/2015
The World Trade Organisation (WTO) has issued its World Trade Report 2014 providing information, amongst others, on recent trends in trade...
Proposed imposition of withholding tax on Letters of Credit in Pakistan
12/05/2015
The Business Recorder (Karachi) contains the following article dated 12 May 2015: Quote The State Bank of Pakistan (SBP) has expressed concern over the proposed imposition of withholding tax on Letters of Credit (LCs) and further taxes on products and services offered by banks to their customers, in the upcoming budget (2015-16)...
ICC Banking Commission Singapore (April 2015) - copies of presentations now available
08/05/2015
Copies of the presentations given at the ICC Banking Commission meeting held in Singapore in April can be viewed in the Trade Information tab of the members section, under 'ICC Banking Commission'...

Recent News

ICC release Technical Advisory Briefing No. 11 - Definition of Trade Finance 19/09/2024

Recognising that there is no global standard for the defining Trade Finance, this Briefing document provides a suggested text and has been recommended for use by the ICC Banking Commisison Steering Committee...more

ICC release Technical Advisory Briefing No. 10 - Amendments 14/08/2024

This briefing, focussing on the acceptance and rejection of amendments, describes the necessary process for the proper handling of tamendments and the best practices associated with determining their acceptance or rejection...more

Latest Question

A road transport document is issued on the letterhead of ABC Limited, and it is signed: On behalf of the carrier with a round stamp of ABC LIMITED and signed. Does the stamp identify the carrier and the signature fulfil the condition of signed by the carrier? Will it apply to other transport documents too?