US threat to pull China's WTO developing nation tag will fail: State media

Business-Standard | July 29, 2019

A US threat to pull recognition of China's developing nation status at the World Trade Organisation is a pressure tactic ahead of this week's trade talks and is bound to fail, a commentary in state media said Monday.The reaction followed a memo issued on Friday by President Donald Trump to US Trade Representative Robert Lighthizer.It said the WTO, which operates a global system of trade rules and settles disputes, uses "an outdated dichotomy between developed and developing countries that has allowed some WTO members to gain unfair advantages." Without "substantial progress" to reform WTO rules within 90 days, Washington will no longer treat as a developing country any WTO member "improperly declaring itself a developing country and inappropriately seeking the benefit of flexibilities in WTO rules and negotiations," said the statement, which focused mostly on China.

Spotlight

The housing White Paper, ‘Fixing our broken housing market', was published on 7 February 2017. The housing White Paper consultation, which closed on 2 May 2017, set out 38 principal consultation questions. Respondents were invited to reply online using an internet survey or to email or post was written comments to the Department. We are grateful for all the responses received, which have been given careful consideration. The housing White Paper consultation attracted widespread interest. Many offered comments on the implications of our proposals or made recommendations of their own. This document summarises the consultation response and sets out the Government’s response.

Spotlight

The housing White Paper, ‘Fixing our broken housing market', was published on 7 February 2017. The housing White Paper consultation, which closed on 2 May 2017, set out 38 principal consultation questions. Respondents were invited to reply online using an internet survey or to email or post was written comments to the Department. We are grateful for all the responses received, which have been given careful consideration. The housing White Paper consultation attracted widespread interest. Many offered comments on the implications of our proposals or made recommendations of their own. This document summarises the consultation response and sets out the Government’s response.

Related News

GOVERNMENT INSURANCE

FDIC Completes Modernization of Acquisition Management System with Unison PRISM

Unison | July 25, 2022

Unison, the leading provider of acquisition management software and insight to government agencies, program offices, and contractors, announces that the Federal Deposit Insurance Corporation (FDIC) has completed modernization of their FAMS (FDIC Acquisition Management System) with the successful roll-out of Unison's PRISM SaaS solution. Through this implementation, FDIC has fully replaced four different legacy systems that were only loosely joined together, and measurably improved their Compliance, Audit, and Reporting postures with a net gain in functionality and operational efficiency. FDIC's FAMS initiative to replace their current Appian based system was one of the top agency performance goals for the year. "By leveraging PRISM's Accelerator and Analytics functionality, FDIC is now able to streamline their early Acquisition planning processes as well as take advantage of PRISM's robust analytics to enhance their reporting and dashboarding, Through this initiative, FDIC has been able to seamlessly harmonize many acquisition-related functions in a single solution benefitting a broad spectrum of their users and business processes." -Greg Young, General Manager PRISM. FDIC selected PRISM SaaS including secure infrastructure and a Web Services-based integration layer which works with FDIC's existing enterprise systems to realize greater value across their applications ecosystems. This has allowed the agency to side-step its technical debt and maintenance burdens for an Acquisition system. PRISM is the only proven, widely used, and built for federal FedRAMP Moderate compliant Acquisitions solution. FDIC acquisition professionals are using the Unison PRISM solution to efficiently and effectively manage the complete federal acquisition lifecycle, in a compliant way, from planning through closeout. About Unison- Unison's secure cloud and on-premise Lifecycle Acquisition Management software, Marketplace, and information products support more than 200,000 users in leading prime contractors, all cabinet-level agencies, and major DoD programs. All software development and support are provided within the USA.

Read More

EMERGING TECHNOLOGY,GOVERNMENT BUSINESS,GOVERNMENT FINANCE

UK Export Finance Leverages Informatica Cloud Platform to Help Businesses Scale Globally

Informatica | September 22, 2022

Informatica® (NYSE:INFA), an enterprise cloud data management leader, today announced that UK Export Finance is modernizing to the cloud with Informatica’s Intelligent Data Management Cloud (IDMC), freeing up team resources to better serve UK businesses of all sizes and sectors. UK Export Finance is the world’s first and oldest export credit agency, its mission is to advance prosperity by ensuring no viable UK export fails for lack of finance or insurance, doing that sustainably and at no net cost to the taxpayer. In the last year it supported 545 companies supporting exports in 61 countries. The small but nimble department is undertaking a digital transformation journey and selected Informatica to modernize its data architecture on a single cloud platform. Informatica’s IDMC enables enterprises to manage, own and derive insights from their data in the Cloud. UK Export Finance kicked off its digital transformation with a focus on connectivity and fast data ingestion. The IDMC enabled seamless integration with Azure DevOps and Power BI and allows UK Export Finance to manage all data pipelines from a single, browser-based tool and usage-based pricing has lowered the total cost of ownership. With a legacy integration stack, the UK Export Finance technology team was spending more and more time on maintenance and manual hand-coding to rebuild connectors to meet the specs of modern data architectures, taking time away from important projects. This, along with evolving international standards and regulatory requirements, made it the right time to modernize to the cloud. After an intensive decision-making progress, UK Export Finance chose Informatica’s cloud-native IDMC for its best-in-class capabilities, wide array of codeless connectors, and ease of implementation. With AI-powered automation and re-usable templates, IDMC has reduced data loading and build times by 40%, allowing the UK Export Finance technology team to focus on more strategic initiatives. Developers and data scientists are no longer tied down with maintenance and instead applying their expertise in building reports that unearth insights and value from the data for the UK exporters the department serves. “With a mission to better serve British businesses to enter new markets, maximize growth potential and increase the volume of export sales, our team looks to data to unearth insights and uncover new strategies, Informatica’s Intelligent Data Management Cloud has helped alleviate the maintenance and build burden, allowing our team to work on more interesting, strategic initiatives and deliver data-driven recommendations for the UK Exporters we support.” -Daniel Cozens, Senior Technical Lead, UK Export Finance. How businesses manage and innovate with data can be the decider on whether they become an industry disruptor or get left behind. With the IDMC, UK Export Finance can improve operational efficiency, eliminating inefficient hand coding and democratise data across the department to allow faster time to value and timely insights, said Jason Tooley, VP Informatica. We’re pleased to be working with UK Export Finance to unleash the power of its data to help UK businesses and industries thrive. About Informatica: Informatica (NYSE:INFA), an Enterprise Cloud Data Management leader, empowers businesses to realize the transformative power of data. We have pioneered a new category of software, the Informatica Intelligent Data Management Cloud™(IDMC), powered by AI and a cloud-first, cloud-native, end-to-end data management platform that connects, manages, and unifies data across any multi-cloud, hybrid system, empowering enterprises to modernize and advance their data strategies. Over 5,000 customers in more than 100 countries and 85 of the Fortune 100 rely on Informatica to drive data-led digital transformation. About UK Export Finance: UK Export Finance is the UK’s export credit agency and a government department, working along-side the Department for International Trade as an integral part of its strategy and operations. Established in 1919, its mission is to advance prosperity by ensuring no viable UK export fails for lack of finance or insurance, doing that sustainably and at no net cost to the taxpayer.

Read More

EMERGING TECHNOLOGY,GOVERNMENT BUSINESS

Webb Fontaine Awarded Contract with Benin Government for Implementation of New Customs System in Replacement of ASYCUDA World

Webb Fontaine | July 28, 2022

Webb Fontaine, a leading provider of advanced and innovative trade and Customs services, has announced it's Customs Webb solution has been chosen by Benin as their new Customs system, in replacement of ASYCUDA World. The project strengthens Webb Fontaine's long-standing partnership with Benin Government, who has ambitions to expand and develop into one of the region's most technologically advanced trade environments. The project continues towards a fully integrated approach to trade, interconnecting all major trade platforms such as the Single Window, the Port Community System, the e-Tracking solution and now through Customs Webb the Customs System. As a central and critical part of the trade environment, it is crucial and urgent for Governments to operate modern and efficient Customs Systems. "Customs Webb, Webb Fontaine's Customs system, based on artificial intelligence, was chosen by Benin to continue the modernization of customs and optimize the trade environment. Webb Fontaine's ability to provide cutting-edge technology and digital solutions is a guarantee of success. With this new system, the objective of the public authorities to make Benin an exemplary platform in the simplification and transparency of Customs clearance procedures has taken a major step forward. All economic players are supported by Customs as part of a successful partnership with the entire industrial, commercial and logistics community." -Alain HINKATI, Director General of Customs, Benin We are honoured to have been selected by Benin Customs for such an important project. The longevity of our partnership is a true testament to Benin's commitment to trade digitalization. Customs Webb is a powerful system that uses AI technology to fully digitise the entire clearance process. To implement Customs Webb will be a huge step forward in their mission and the impacts of such will be felt by the entire trade community. Samy Zayani, Chief Commercial Officer Webb Fontaine For Webb Fontaine, a successful track record demonstrates its ability to use AI to facilitate trade, secure revenue and reduce clearance times and costly congestion while greatly improving trade governance. About Webb Fontaine- Webb Fontaine is an AI company re-shaping the future of trade through technology. Trusted  by governments globally, Webb Fontaine provides industry wide solutions to accelerate trade development and modernization. The company uses unique technology including Artificial Intelligence to enable countries to emerge as leaders in the future of trade.

Read More