13 Jul
Chapter News

European Commission proposes signature and conclusion of EU-Canada trade deal

The European Commission today formally proposed to the Council of the EU the signature and conclusion of a free trade agreement between the EU and Canada, known as the Comprehensive Economic and Trade Agreement, or CETA. The deal is set to benefit people and businesses – big and small – across Europe as of the first day of its implementation. To allow for a swift signature and provisional application, so that the expected benefits are reaped without unnecessary delay,...

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13 Jul
Chapter News, Trade & TTIP Related

ITA Report Shows 92 Percent Of U.S. Goods Exports May Be Affected By Foreign Technical Regulations

The International Trade Administration (ITA) released a new report today that finds 92 percent of U.S. goods exports in 2015—more than $1.3 trillion—were potentially affected by foreign technical regulations that could have a significant trade impact. "This report demonstrates the pervasiveness of technical regulations and their potential to affect U.S. exports," said Acting U.S. Under Secretary of Commerce for International Trade Ken Hyatt. "Regulations and testing and certification procedures that diverge from international standards—especially in ways that are unnecessarily trade-restrictive—can...

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13 Jul
Member News

Company law reform – are you ready ?

After more than ten years of extensive discussions, the modernisation of the Luxembourg corporate legal framework has now been adopted. However, the law is yet to be published before entering into force: such publication is expected in mid-August. Flexibility and legal certainty are the key drivers of the reform. As many adjustments are very technical we thought that rather than providing you with a detailed explanation of the newly adopted law, you would be more interested in seeing what the new...

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13 Jul
Chapter News

European Commission launches EU-U.S. Privacy Shield: stronger protection for transatlantic data flows

Brussels, 12 July 2016 the European Commission adopted the EU-U.S. Privacy Shield This new framework protects the fundamental rights of anyone in the EU whose personal data is transferred to the United States as well as bringing legal clarity for businesses relying on transatlantic data transfers. Andrus Ansip, Commission Vice-President for the Digital Single Market, said: "We have approved the new EU-U.S. Privacy Shield today. It will protect the personal data of our people and provide clarity for businesses. We have worked...

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13 Jul
Member News

European Commission Approves the EU-US Privacy Shield

On July 12, 2016, the European Commission announced its final approval of the EU-US Privacy Shield (the “Shield”).  Once signed by both the EU Minister of Justice and the US Secretary of Commerce, the Shield will replace the US Department of Commerce Safe Harbor Program, one of several mechanisms that allowed companies in the EU to transfer personal data from the EU to the US.  Previously, the Safe Harbor registration created a comparatively streamlined way for US companies to...

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13 Jul
Member News

What “Brexit” means for employers and employees

"Brexit" is coming: In the referendum on 23 June 2016, 51.9 percent of Britons spoke out in favor of the withdrawal of the United Kingdom from the European Union (EU). Admittedly, the result of the referendum does not yet constitute a formal step towards withdrawal and there is speculation about whether the withdrawal proceedings pursuant to Article 50 of the Treaty on European Union (TEU) are going to be initiated in the short term or not. Regardless of that,...

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13 Jul
Member News

Eyeglasses: A Simple, Yet Impactful, Solution to Vision Impairment

The world is in dire need of vision correction – especially in less developed nations. The Vision Impact Institute is a research partner to an exciting and productive coalition called EYElliance, comprised of public, private, non-governmental organizations and other partners who are working together to meet the world’s need for eyeglasses. At the recent World Economic Forum in China, EYElliance, a coalition of public, private and non-governmental organizations (NGOs) released a report outlining how the outlook for the world population’s...

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13 Jul
Chapter News

IMF Executive Board Concludes 2016 Article IV Consultation with France

On July 11, 2016, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation 1 with France. The recovery is solidifying. The economy is projected to expand by 1.5 percent this year, primarily driven by strong consumer spending. There are also signs of a cyclical recovery in investment, and the slump in residential construction appears to be bottoming out. By contrast, net exports are declining as demand from trading partners has slowed. Private sector job creation...

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13 Jul
New York Related News

Governor Cuomo Announces $13.1 Million For Agricultural Water Quality Conservation Projects

Governor Andrew M. Cuomo today announced that $13.1 million has been awarded for 42 agricultural water quality conservation projects across the state, benefiting over 120 farms. The funding, provided to 25 County Soil and Water Conservation Districts through the Agricultural Nonpoint Source Abatement and Control Program, supports projects that allow farmers to address water quality challenges in priority watersheds. Together, these projects will work to prevent water pollution, reduce erosion and limit the amount of harmful sediments and other...

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13 Jul
Chapter News

More and more Europeans are experiencing lack of water; Ministers call for a common solution

Climate change and associated alternating periods of drought and floods were the main topics of the Ministerial Conference on Water and the informal EU Environment Council. The debate has clearly shown that each EU country is experiencing this phenomenon differently. Some states are suffering prolonged droughts, others more frequent floods, and still others are experiencing both types of extreme events. For example, the Mediterranean is experiencing longer-lasting water shortages, and according to some prognoses there is a risk that the...

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