Ukraine: Council confirms political agreement on temporary trade

On 28 June 2017, EU ambassadors endorsed the agreement reached between the Presidency and the European Parliament on temporary autonomous trade measures in favour of Ukraine. 

“These measures are a gesture on our part of tangible political and economic support to Ukraine. Given the difficult situation Ukraine is currently facing, we hope to proceed swiftly with the implementation of this regulation “

Christian Cardona, Minister for the economy, investment and small business of Malta

The proposal is aimed at improving access for Ukrainian exporters to the EU market, in view of the difficult economic situation and the economic reform efforts undertaken by Ukraine. 

It adds to trade provisions already introduced under an EU-Ukraine association agreement signed in 2014. Those provisions have been provisionally applied since 1 January 2016.

Applying for a three-year period, the proposed measures consist of: 

1) additional annual import quotas at zero tariff for the following agricultural products (‘tariff rate quotas’ at 0%): 

  • Natural honey – 2500 tonnes
  • Processed tomatoes – 3000 tonnes
  • Grape juice – 500 tonnes
  • Oats – 4000 tonnes
  • Wheat – 65 000 tonnes
  • Maize – 625 000 tonnes
  • Barley – 325 000 tonnes
  • Groats and pellets of certain cereals – 7800 tonnes

 2) full removal of import duties on several industrial products, such as fertilisers, dyes, pigments and other colouring matters, footwear, copper, aluminium, as well as television and sound recording equipment. 

Safeguard measures will apply. Ukraine will be obliged to respect the same principles as under the association agreement. These include respect for democratic principles, human rights and fundamental freedoms and for the principle of the rule of law, as well as continued and sustained efforts with regard to the fight against corruption and illegal activities. 

The INTA committee endorsed the deal on behalf of the Parliament on 20 June. The Parliament and the Council will now formally adopt the text by the end of July. The regulation should be published and enter into force by the end of September. 

An EU-Ukraine summit is scheduled for 12-13 July 2017 in Kiev. 

ESMA seeks volunteers for field tests of the European Single Electronic Format (ESEF)

The field tests will consist of transforming annual financial reports by issuers to Inline XBRL instance documents, according to ESMA’s draft ESEF specifications.

ESMA is seeking participation from:

·         issuers on European regulated markets from all industries preparing IFRS consolidated financial statements; and

·         software vendors.

Participating issuers will receive free support to transform their annual financial report to Inline XBRL. They will thus be able to learn how the Inline XBRL format can be applied. Furthermore, the effort for their first filings, once the preparation of the annual financial report in the European Single Electronic Format becomes mandatory in 2020, will be significantly reduced. Additionally, participants will have the opportunity to contribute to the development of the specifications of a European Single Electronic Format that better fits their reporting needs.

Timeline and contact details

Applications are welcome by Friday 14 July. Several workshops will be held from the end of July until the end of August. ESMA will provide interested issuers with a list of possible dates.

Issuers and software vendors interested in participating in the field tests are invited to contact esef@esma.europa.eu.

ESMA seeks volunteers for field tests of the European Single Electronic Format (ESEF)

The field tests will consist of transforming annual financial reports by issuers to Inline XBRL instance documents, according to ESMA’s draft ESEF specifications.

ESMA is seeking participation from:

·         issuers on European regulated markets from all industries preparing IFRS consolidated financial statements; and

·         software vendors.

Participating issuers will receive free support to transform their annual financial report to Inline XBRL. They will thus be able to learn how the Inline XBRL format can be applied. Furthermore, the effort for their first filings, once the preparation of the annual financial report in the European Single Electronic Format becomes mandatory in 2020, will be significantly reduced. Additionally, participants will have the opportunity to contribute to the development of the specifications of a European Single Electronic Format that better fits their reporting needs.

Timeline and contact details

Applications are welcome by Friday 14 July. Several workshops will be held from the end of July until the end of August. ESMA will provide interested issuers with a list of possible dates.

Issuers and software vendors interested in participating in the field tests are invited to contact esef@esma.europa.eu.

Harness ‘immense’ potential offered by migration, UN officials urge at global forum

28 June 2017 – Speaking at a major international meeting on migration and development, senior United Nations officials have underlined the need for safe, orderly and regular migration options to ensure that people around the world are not forced to undertake arduous and dangerous pathways in their search for a better future.

Such efforts would also address a number of security, development and human rights concerns regarding migration, said Louise Arbour, the Special Representative of the Secretary-General for International Migration, in her keynote address to the plenary of the Global Forum on Migration and Development, currently underway in the German capital, Berlin.

“Failure, on the other hand, would leave us unequipped to harvest the immense potential of migration,” she said.

“Worse still, the negative impact of irregular migration – both human and societal – would develop roots which would become ever harder to eradicate.”

In her address, Ms. Arbour also emphasized that effective international cooperation and political leadership were vital for the success of a global compact for safe, orderly and regular migration and called on all participants for strong leadership as well as the “willingness to compromise.”

She also highlighted that the UN Charter, the international human rights framework and the 2030 Agenda for Sustainable Development already offered a framework for the global compact and urged everyone to “resist the temptation to reinvent the wheel.”

Also speaking today, William Lacy Swing, the Director-General of the UN International Organization for Migration (IOM), noted that it is a fact that migration will continue and called for safe and legal pathways to prevent migrants from being abused or risking their lives in perilous journeys.

In that context, he underlined that efforts to assist them should be centred on their rights, needs and capacities.

“We need to address the relationship of migration to critical adjoining policy domains, including development, humanitarian, climate change, and peace and security, in a truly comprehensive way,” he said, urging the international community to move away from “reactive, unidimensional approaches” to migration governance.

“I believe we all agree that we dare not miss this ‘rendezvous with history,’ as this opportunity may not present itself again,” he added.

In the same vein, Guy Ryder, the Director-General of the UN International Labour Organization (ILO), stressed the importance of taking action that made “a real difference” in the lives of migrants arriving on foreign soil, with hopes for a better future.

“If we are to foster the benefits of these movements for all concerned, our policy choices matter greatly,” he said, while citing the need to remove what he called “the toxicity” from the public debate.

He also emphasized the contributions made by migrants and called for better recognition of their skills and experience to allow them to attain their full potential.

Also speaking at the Global Forum, Filippo Grandi, the UN High Commissioner for Refugees, called for action to ensure better protection of migrants and refugees as well as their rights.

In particular, he urged all stakeholders for expanding legal pathways that benefit both these vulnerable groups.

The Global Forum on Migration and Development was set up by the UN in 2007 as an informal, non-binding, voluntary and government-led venue for high-level discussions on policies, challenges and opportunities presented by the “migration-development nexus.”

Outcomes of the tenth session will feed into the ongoing process of forging a global compact for safe, orderly and regular migration, a framework for effective migration governance. The current session also marks the culmination of more than a decade of international dialogue and cooperation on migration and development.

‘Disproportionate emphasis’ on security would undercut sustaining peace in Sahel – UN deputy chief

28 June 2017 – The United Nations deputy chief today stressed the need to “avoid a disproportionate emphasis on security” when carrying out a strategy to help Africa’s Sahel region achieve sustained peace and development.

“Given the trans-border and multidimensional nature of instability in the Sahel region, there can be no purely military solution,” said Deputy Secretary-General Amina Mohammed in her remarks to the meeting on the situation in the Sahel, jointly organized by the UN’s Economic and Social Council (ECOSOC) and Peacebuilding Commission (PBC).

She described how transnational organized crime, violent extremism and terrorism have become growing threats to stability in the Sahel region, and how the scarcity of food and challenging living conditions have spurred a steady flow of migrants on dangerous, sometimes deadly, journeys through the desert towards the Mediterranean and beyond.

“The continuing deterioration of security in the Sahel is the result of several unresolved underlying causes of instability, including a lack of development, good governance and respect for human rights,” she said, adding that the region has also chronically suffered from harsh climatic conditions, exacerbated by climate change.

Gap between humanitarian and development work must be closed

In that regard, she stressed the need for renewed efforts to close the gap between humanitarian and development work through an integrated approach to development, governance, security and human rights.

Ms. Mohammed said that the UN remains deeply committed to supporting governments in the Sahel, including those of Mauritania, Mali, Niger, Chad and Burkina Faso, in navigating “this balance” through the United Nations Integrated Strategy for the Sahel, the 2030 Agenda for Sustainable Development, the New Way of Working between humanitarian and development actors, and other relevant mechanisms.

For his part, ECOSOC President Frederick Makamure Shava recalled that last year’s joint meeting highlighted complementarity between the UN’s peace and security efforts and its development, human rights and humanitarian work.

One of the recommendations from that meeting included “forging closer collaboration between ECOSOC and the PBC” to achieve the 2030 Agenda and to sustain peace, he said.

“It is widely acknowledged that if we want to make the SDGs a reality for all, we need to make sustaining peace an integral part of a coordinated and coherent approach to implementing the 2030 Agenda for Sustainable Development,” he said.

Also addressing the meeting was the Chair of the Peacebuilding Commission, Cho Tae-yul, who briefed the participants, including high-level representatives of UN Member States, civil society and the UN system, on the Commission’s recent activities.

He said that since the adoption of the twin resolutions on the review of the peacebuilding architecture by the Security Council and General Assembly in April last year, the Commission has been making greater efforts to play a bridging role among the principal bodies of the UN, by making use of its convening role and recognizing that peace, development, and human rights are closely interlinked.

In particular, he explained how the Commission has been using its convening role to assist the UN Office for West Africa and the Sahel (UNOWAS) in implementing the UN Integrated Strategy for the Sahel.