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Beware the zombies, ghouls, ghosts, and vampires that will flood streets across the country this Halloween Friday. Of course they’re mostly just children in costume with one thing on their minds: candy. And lots of it.
Implementation of a global deal to promote trade through increased regulatory transparency and reform of customs procedures is stalled. The deadlock began in July, when India blocked formal adoption of the Trade Facilitation Agreement, which WTO members had agreed to in Bali at the end of 2013.
The United States is negotiating trade and investment partnership agreements that would cover more than half of global trade if successful: the Transatlantic Trade and Investment Partnership (TTIP) with the European Union and the Trans-Pacific Partnership (TPP). Chile, Malaysia, Mexico, Peru, and Vietnam are part of TPP, along with Australia, Canada, Japan, New Zealand, and Singapore. But most developing countries, and all of the poorest and most vulnerable, are on the outside looking in.
Last year, the International Labor Organization published a report that found the number of free trade agreements (FTAs) with provisions on worker rights had increased from four in 1995 to 21 a decade later and 58 by June 2013.
Last week saw the release of the new 2011 Purchasing Power Parity (PPP) rates for GDP produced by the International Comparison Program (ICP). The ICP is a major global statistical operation. The Global Office is housed in the World Bank but the ICP is implemented separately in each region by designated regional counterparts.