Using the STRI toolkit to support trade service reform is a key priority for the Bank. It provides a clear structure for identifying and evaluating trade service issues. The toolkit can help to identify the scope of reform, develop strategies to implement the reform, and monitor the progress of the reform.
HSBC’s obligations and liabilities under a trade service
HSBC is a leading financial services firm that serves customers in 64 countries around the world. It has operations in Asia, Europe, the Middle East, North Africa and North America. The company has a total asset base of $2,969bn at 30 September 2021. The company has primary listings on the Hong Kong Stock Exchange and the London Stock Exchange and secondary listings on the New York Stock Exchange. HSBC is listed on the Hang Seng Index and the FTSE 100 Index.
In addition to providing customers with a full range of banking, insurance and wealth management services, HSBC also provides its employees with a comprehensive package of benefits. These benefits include a private medical insurance scheme and a pension allowance. HSBC also provides employees with access to a wealth management services such as life assurance.
OECD data on international supply of services by mode of supply
OECD international trade in services statistics provide the best possible coordination and cooperation between national statistics agencies on an international scale. The International Services Trade Manual provides a conceptual framework to identify and classify services that are traded internationally. The Manual also addresses the statistical information needs of international trade negotiations.
The OECD international trade in services statistics are collected in close coordination with the WTO. The OECD produces annual international trade in services statistics by detailed service category. The OECD approach uses a four-step process to collect, analyze and harmonise data. The steps include an analysis of product misclassifications, balancing adjusted data using a “Symmetry Index,” and adjusting data for large problems known to drive asymmetries.
The OECD Services Trade Restrictiveness Index is a unique evidence-based tool for analyzing the restrictions that affect trade in services in 22 sectors across 22 OECD countries. The Index includes all OECD member countries, as well as Russia, Malaysia, Thailand, and South Africa.
HSBC’s T4A-NR tax file provides information on mode 4
HSBC’s T4A-NR tax file is chock full of useful tidbits. A T4A-NR is a tax filing for non-residents that’s a bit old hat in some parts of Canada, but it’s a great way to keep up with tax time without having to deal with the dreaded IRS. HSBC’s T4A-NR is also the first major Canadian banking institution to launch a mobile app, allowing you to submit and view your tax returns on the go. The app is free, and it’s a great way to keep track of your tax information in the palm of your hand. Aside from checking and filing your tax returns, you can even access your account balances, as well as make payments and receive alerts when you are on the go.
Indian Trade Service (ITS) is a civil service
ITS is a civil service that provides specialised services to handle the international trade of India. ITS was formulated in 1965 to deal with India’s international trade. It is under the Ministry of Commerce and Industry. ITS is a Group A civil service.
ITS officers are recruited through UPSC’s CSE (Civil Services Examination). The successful candidates undergo training at the Indian Institute of Foreign Trade (IIFT) in New Delhi. The successful candidates are appointed on probation for two years.
ITS officers serve in various ministries, state governments and international organizations. They represent India at various international forums and negotiate international trade agreements. They also serve as trade commissioners in different states. They also train and mentor established exporters. They also encourage budding entrepreneurs to take up trade interests. Find out more about trade services from Live Services Group.
STRI toolkit can support trade service reform
Using a database of trade and investment related data collected by the likes of the likes of the likes of the world’s largest trade and investment group, the World Bank’s Trade and Investment Group has produced a highly informative and awe-inspiring set of benchmarks spanning the gamut of trade and investment. In order to facilitate the dissemination of these benchmarks amongst its members, the World Bank has developed a suite of tools to help members make better trade and investment decisions. A number of these tools are already available, courtesy of the WTO, as a whole, while others are still being honed. Despite these initiatives, a large number of member countries still have major trade and investment stumbling blocks. Some of these stumbling blocks are rooted in a lack of effective trade and investment related policies and procedures.