Your morning coffee briefing from TFG. G7 strikes historic agreement on taxing multinationals, WTO launches a Gender Research Hub to promote cooperation on trade and gender issues and Brexit shrank UK service exports by £110bn, highlighting the extensive consequences of Britain’s decision to break away from the EU.

G7 strikes historic agreement on taxing multinationals

Deal paves way for global accord at G20 meeting in July. The G7 advanced economies have struck what they have termed a “historic agreement” on taxing multinationals in a bid to create unstoppable momentum for a global deal. Read more →

New $50 billion health, trade and finance roadmap to end the pandemic and secure a global recovery

The heads of the world’s predominant global financing, health and trade agencies have united to urge government leaders to urgently finance a new $50 billion roadmap to accelerate the equitable distribution of health tools to help end the pandemic that has devastated lives and livelihoods for 18 months and also set the foundations for a truly global recovery, as well as enhanced health security. Read more →

WTO launches Gender Research Hub to promote cooperation on trade and gender issues

The WTO on 31 May launched the WTO Gender Research Hub to enhance collaboration and exchange among trade and gender researchers. It will also serve as a platform for dialogue between researchers and the Informal Working Group on Trade and Gender established at the WTO last September. Read more →

Global G7 deal may let Amazon off hook on tax, say experts

Finance ministers in London from the G7 group of wealthy nations, including representatives of the UK, US and EU, on Saturday agreed the landmark deal aimed at making the biggest companies such as Apple, Microsoft, Google and Facebook pay more tax. Read more →

Government called to set policy objectives urgently by unprecedented coalition of business, unions and consumer groups

On June 2nd, the Government must set clear objectives on jobs, inequality and the environment for its post-Brexit trade policy, as an unprecedented coalition of unions, business groups and consumer rights organisations is placing increasing pressure on government officials. Read more →

Tariffs cut on cheese, pork and poultry in UK-Norway trade deal

The UK agreed the terms of a trade deal with Norway and other members of the European Economic Area that will cut tariffs on cheese, pork and poultry and liveralise digital services. Read more →

Brexit shrank UK services exports by £110bn, academics find

Research shows that financial exports were hardest hit over a four-year period, highlighting the far-reaching trade implications of Britain’s decision to break away from the EU. Read more →