International Economics Consulting Ltd

The UK is set to launch Carbon Border Adjustment Mechanism by 2027, placing a carbon tax on high-emission imports, including aluminium, cement, fertiliser, hydrogen and iron & steel. By addressing the risk of carbon leakage, the UK CBAM will contribute to the decarbonisation efforts domestically and globally while also level the playing field for domestic producers. A step forward for climate action and sustainable trade! Read more about how this will affect UK businesses here 👉https://bit.ly/3PuHjnn #ClimateAction #SustainableTrade #NetZero #Decarbonisation #CarbonTax #CBAM #GreenEconomy #CarbonNeutral #UKBusiness #Sustainability #GlobalImpact

From bold political shifts to groundbreaking climate and tech initiatives, 2024 was a game-changer for global trade! Trump’s re-election, the WTO MC13, and COP29’s climate goals all set the stage for a new era in trade. Global trade soared to an astounding USD 33 trillion, sparking transformative shifts! From US tariffs to the rise of digital trade and the emergence of new alliances like BRICS and the UK’s CPTPP, the world is redefining how business gets done. Dive deeper into the pivotal moments in our latest CEO Insights! #GlobalTrade #Trade2024 #USReelection #COP29 #DigitalTrade #WTO #ClimateAction #BRICS #CPTPP #EconomicGrowth #CEOInsights

As 2024 comes to an end, we are proud to celebrate a year of milestones and achievements! From being recognized as one of Africa’s Fastest Growing Companies, to working with several new countries, to launching our innovative Trade Simulation Tool, this year has been remarkable. None of this would have been possible without the trust and support of our clients, partners, and colleagues. We are deeply thankful for your continued collaboration and belief in our mission. Wishing you and your loved ones a joyful holiday season and a prosperous New Year 2025. #SeasonGreetings #InternationalEconomics #2024Achievements #GlobalTrade #Welcome2025

We are thrilled to announce the release of our latest Quarterly Newsletter! What is inside?  📌 Insightful articles  📌 Project updates  📌 News highlights  📌 Up-to-date dashboards Dive into the analytics and explore what we have been working on. Click here to read more 👉 https://bit.ly/4gN2Rau #Newsletter #ProjectUpdates #Insights 

🌎From Ballots to Climate Action and Digital Frontiers: Key Developments that Shaped Global Trade in 2024🌍 2024 has been a transformative year for international trade. According to UNCTAD’s latest Trade Update, global trade is set to reach an all time high of USD 33 trillion, growing at 3.3% despite ongoing geopolitical tensions and economic uncertainties. This year also saw unprecedented electoral activity, with over 2 billion voters across 50 countries- representing 46% of global GDP - casting their vote. Donald Trump’s second non-consecutive presidential win is already reshaping market dynamics, with ripple effects expected in US trade, fiscal policies, and global economic strategies. This CEO insight reviews the main events and developments of 2024 that have shaped or are anticipated to shape global trade, including significant conferences like the WTO MC13 and G20 Summit, regulatory developments like the EU AI Act, and strategic initiatives such as the AfCFTA Protocol on Digital Trade. It also notes shifts in trade policy, such as US tariff increases and climate-focused goals at COP29. Read our latest CEO Insight here👇 #GlobalTrade #Trade2024 #COP29 #USElection #DigitalTrade #WTO #ClimateAction #EUAIAct #BRICS #CPTPP #AfCFTA #EconomicGrowth #CEOInsight

At the United Nations Internet Governance Forum, speaking on “Data Without Borders? Navigating Policy Impacts in Africa”, the Chief Executive of International Economics Consulting Ltd. (IEC), Paul Baker, provided insights on the implications for MSMEs and the feasibility of enforcing robust data policies throughout Africa. Mr Baker emphasized: ·       The importance of cross-border data flows promoted by the AfCFTA Digital Trade Protocol. ·       Challenges of data localization and its costs on MSMEs. ·       The need for Africa to move beyond cloud infrastructure to develop advanced analytical tools that drive real value. ·       The role of trade agreements to set rules on data protection, cloud storage restrictions and facilitate movement of digital flows, while promoting equivalence and recognition of standards to facilitate international trade. These discussions are vital as Africa works toward a harmonized data governance frameworks to unlock its potential in the digital economy. #DigitalAfrica #DataGovernance #UN #MSMEs #AfCFTA #IGF2024 #DataWithoutBorders #DigitalTransformation #AUCommission #GlobalTrade

Shaping Africa's digital future through data governance! We are delighted to announce that Paul Baker, Chief Executive of International Economics Consulting Ltd (IEC), will be a panellist at the first Annual Data Governance and Innovation Forum for Africa (DGIFA), which will take place under the UN Internet Governance Forum in Riyadh, Saudi Arabia, on December 17, 2024. This panel, hosted by the African Union (AU) Commission (GIZ African Union), aims to speed the implementation of the AU Data Policy Framework while also encouraging innovative and responsible data usage to propel Africa's digital economy ahead. The esteemed panellists include: ·       Aretha Mare - Unit Manager for the Data and Security Infrastructure and Governance Unit, Smart Africa Secretariat ·       Trudi Hartzenberg - Executive Director, Trade Law Centre (TRALAC) ·       Dr. Melissa Omino (LLD) - Executive Director, the Centre for Intellectual Property and Information Technology Law (CIPIT) ·       Paul Baker – CEO, International Economics Consulting ·       Tapiwa Ronald Cheuka - Trade Officer, AUC Trade & Industry Department ·       Vincent Olatunji - Commissioner, Data Protection Authority, Nigeria Mr. Baker will take part in a key discussion on "How to Achieve Harmonized Data Governance Systems Across the Continent to Enable Transnational Data Flows"—a topic vital to realizing Africa's full data potential. Learn about the ongoing Data Policy Framework Project here: https://bit.ly/4feNoie #DGIFA2024 #DataGovernance #DigitalEconomy #Africa #Innovation #SustainableDevelopment #DataPolicy

The United Kingdom will officially join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) on December 15, 2024. As the first non-founding member to enter this landmark trade agreement, the UK is setting a historic precedent and strengthening its global economic ties. This milestone unlocks valuable opportunities with countries such as Japan, Singapore, Chile, New Zealand, and more. Principal Points of Interest: -99% of UK goods exports to CPTPP members will be tariff-free. -£2 billion could be added annually to the UK economy by 2040. -Strategic access to fast-growing markets across five continents, including Asia-Pacific and South America. This agreement strengthens the UK's post-Brexit trade policy while enhancing global supply chains, boosting economic resilience, and providing long-term benefits to UK businesses across various industries. Check out these articles:👇 ·       UK’s Accession to the CPTPP - UK Parliament engagement on the trade deal 👉 https://bit.ly/4gy0GXU ·       UK’s CPTPP Accession: Implications for Business - A comprehensive analysis of the economic opportunities 👉 https://bit.ly/49Id3Pe ·       Implications for UK Businesses - Key takeaways for businesses 👉  https://bit.ly/3ZNWWw6  ·       How the UK left Brexit behind with the CPTPP - An overview of the UK’s strategic positioning post-Brexit 👉 https://bit.ly/3DhucTO #CPTPP #UKBusiness #GlobalTrade #TradeOpportunities #EconomicGrowth #Brexit #SupplyChains #InternationalTrade

Africa’s share in global trade and how to increase it? This was the question underpinning the export diversification strategy elaborated by International Economics Consulting Ltd (IEC) and presented at the 1st Extraordinary Specialized Technical Committee on Trade, Tourism, Industry, and Minerals in Addis Ababa, Ethiopia, on December 11, 2024. Mr. Paul Baker, the CEO of IEC, delivered an engaging presentation on the findings of the diagnostic study, accompanied by key recommendation for a strategy for Africa to grows its small presence in global trade (currently around 3% only), by leveraging the opportunities of negotiating better market access, strengthening and accelerating the economies of scale and scope through the AfCFTA, improving the trade enabling environment, capacitating the private sector and investing in promotional efforts. #AfCFTA #AfricanUnion #EconomicIntegration #TradeGrowth #SustainableDevelopment #ExportStrategies

📢 Calling All Stakeholders in the Textile Waste Management Sector of Cambodia! 🌍 We are thrilled to collaborate with the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH FABRIC project on a study examining “Cross-Border Textile Waste Trading between Cambodia, Vietnam, and Thailand.” International Economics Consulting Ltd is leading this study, which aims to provide actionable insights and recommendations to enhance cross-border trade and evaluate regulatory frameworks and procedures in Cambodian textile waste trading. 💡 We invite you to participate in a brief survey (max 10 minutes) to share your invaluable perspectives. Your input will contribute to shaping sustainable practices and informed policymaking in the region. 🔗  https://lnkd.in/dRMjvYA7 🛡️ Confidentiality assured: Your responses will be used solely for this study. Thank you for supporting this initiative towards a more sustainable future for the textile industry of Cambodia! 🙏 #Sustainability #TextileWaste #CrossBorderTrade #GIZFABRIC #SustainablePractices #StakeholderEngagement #Cambodia