News & Events
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UK and US strike limited trade deal to ease tariffs and boost bilateral commerce
The United Kingdom and the United States have reached a limited trade agreement to ease bilateral tensions and bolster economic cooperation. The deal is not a comprehensive free trade agreement but marks a significant step in Anglo-American trade relations.
Under the new framework, UK-made cars secured notable concessions, including a 10% tariff exemption for up to 100,000 vehicles annually—a substantial relief from the recently announced 27.5% combined levy on most vehicle imports. The agreement also eliminates tariffs on UK steel and aluminium exports to the United States. In reciprocation, the UK has agreed to reduce its 19% tariff on American ethanol, potentially facilitating annual exports worth £560 million. The deal further encompasses provisions to reduce trade barriers for American beef and machinery exports, with projected increases of approximately £4 billion in export value.
Read the original article here: https://www.msn.com/en-in/politics/international-relations/uk-and-us-strike-limited-trade-deal-to-ease-tariffs-and-boost-bilateral-commerce/ar-AA1Erms7?ocid=BingNewsBrowse
Commonwealth Chamber: Advancing business ties across events
While our Chairman participated in the Commonwealth Law Conference in Malta, our Treasurer, Uther Charlton-Stevens represented us at the prestigious Commonwealth Trade and Investment Summit in the UK. The UK Summit, chaired by Lord Marland, Chairman of the Commonwealth Enterprise and Investment Council, featured compelling insights on the Commonwealth Advantage from distinguished speakers:
* The newly appointed Hon Shirley Botchwey, Secretary-General of the Commonwealth
* H.E. Dr. Hussein Ali Mwinyi, The President of Zanzibar
These parallel events demonstrate the vibrant network and opportunities within the Commonwealth business community. From legal frameworks in Malta to trade discussions in the UK, we’re actively fostering cross-border collaboration and economic growth.
Commonwealth Secretariat holds vital dialogue about AI and its impact on legal systems
A thought-provoking discussion on Artificial Intelligence (AI) and access to justice, hosted by the Commonwealth Secretariat as part of its Rule of Law Conversations series, generated spirited dialogue that extended well beyond the formal proceedings.
The event explored AI’s relationship with the legal profession and its implications for judicial administration. Distinguished legal practitioners, policymakers, academics, and stakeholders convened to assess both the opportunities and challenges posed by AI in legal practice.
The Rt Hon Patricia Scotland KC, Commonwealth Secretary-General, highlighted that upon assuming office, she prioritised the rule of law as central to the Secretariat’s mission. Professor Luis Franceschi, Assistant Secretary-General of the Commonwealth Secretariat, opened the session with a demonstration of AI’s capabilities through an avatar replicating his likeness, gestures, and voice.
Read the original article here: https://thecommonwealth.org/news/commonwealth-secretariat-holds-vital-dialogue-about-ai-and-its-impact-legal-systems
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Cross-Border Startup Odyssey: Cameroon and Bangladesh | Webinar Recording
Explore the dynamic entrepreneurial landscapes of Cameroon and Bangladesh with the Commonwealth Chamber of Commerce. Delve into success stories featuring Syed Rifat Hossain of Social Micro Finance and Hermes Nziko of Koree, as they share cross-border startup experiences and valuable insights into the realms of entrepreneurship and cross-cultural business ventures.
Cross-Border Startup Odyssey: Cameroon and Bangladesh
In the vibrant economies of Cameroon and Bangladesh, entrepreneurial dreams take flight. The shared vision of progress, combined with Commonwealth camaraderie, propels startups toward unprecedented heights.
Capitalising Angel Investment Strategies For Commonwealth Africa’s Startups | 30 Aug 2023 Webinar Recording
Fadilah Tchoumba’s discussion sheds light on the importance of corporate governance and the POEM framework for sustainable startup growth in Africa. ABAN, the African Business Angel Network, is a platform that connects angel investors and supports startups across the continent.