Testing the performance of technical trading rules in the Chinese markets based on superior predictive test

Science.gov (United States)

Wang, Shan; Jiang, Zhi-Qiang; Li, Sai-Ping; Zhou, Wei-Xing

2015-12-01

Technical trading rules have a long history of being used by practitioners in financial markets. The profitable ability and efficiency of technical trading rules are yet controversial. In this paper, we test the performance of more than seven thousand traditional technical trading rules on the Shanghai Securities Composite Index (SSCI) from May 21, 1992 through June 30, 2013 and China Securities Index 300 (CSI 300) from April 8, 2005 through June 30, 2013 to check whether an effective trading strategy could be found by using the performance measurements based on the return and Sharpe ratio. To correct for the influence of the data-snooping effect, we adopt the Superior Predictive Ability test to evaluate if there exists a trading rule that can significantly outperform the benchmark. The result shows that for SSCI, technical trading rules offer significant profitability, while for CSI 300, this ability is lost. We further partition the SSCI into two sub-series and find that the efficiency of technical trading in sub-series, which have exactly the same spanning period as that of CSI 300, is severely weakened. By testing the trading rules on both indexes with a five-year moving window, we find that during the financial bubble from 2005 to 2007, the effectiveness of technical trading rules is greatly improved. This is consistent with the predictive ability of technical trading rules which appears when the market is less efficient.

26 CFR 1.1445-8 - Special rules regarding publicly traded partnerships, publicly traded trusts and real estate...

Science.gov (United States)

2010-04-01

... partnerships, publicly traded trusts and real estate investment trusts (REITs). 1.1445-8 Section 1.1445-8... estates upon the disposition of U.S. real property interests. Except as otherwise provided in this... Bonds § 1.1445-8 Special rules regarding publicly traded partnerships, publicly traded trusts and real...

Trade rules and exchange rate misalignments: in search for a WTO solution

Directory of Open Access Journals (Sweden)

Vera Thorstensen

2014-09-01

Full Text Available The debate on the link between trade rules and rules on exchange rates is raising the attention of experts on international trade law and economics. The main purpose of this paper is to analyze the impacts of exchange rate misalignments on tariffs as applied by the WTO - World Trade Organization. It is divided into five sections: the first one explains the methodology used to determine exchange rate misalignments and also presents its results for Brazil, U.S. and China; the second summarizes the methodology applied to calculate the impacts of exchange rate misalignments on the level of tariff protection through an exercise of "misalignment tariffication"; the third examines the effects of exchange rate variations on tariffs and their consequences for the multilateral trading system; the fourth one creates a methodology to estimate exchange rates against a currency of the World and a proposal to deal with persistent and significant misalignments related to trade rules. The conclusions are present in the last section.

Trade, trust and the rule of law

NARCIS (Netherlands)

Yu, Shu; Beugelsdijk, Sjoerd; de Haan, Jakob

Well-functioning institutions, both formal (i.e. rule of law) and informal (i.e. trust), facilitate economic exchange. To investigate the nature of the relationship between formal and informal institutions, we analyze bilateral trade patterns in a sample of 16 European countries between 1996-2009.

Corporate governance rules and insider trading profits

NARCIS (Netherlands)

Cziraki, P.; de Goeij, P.C.; Renneboog, L.D.R.

2014-01-01

We investigate patterns of abnormal stock performance around insider trades on the Dutch market. Listed firms in the Netherlands have a long tradition of limiting shareholders’ rights. Using a change in corporate governance regulations as a natural experiment, we show that governance rules have a

Development of the International Trade in Terms of Incoterms 2010 Rules

Directory of Open Access Journals (Sweden)

Lucia PALIU - POPA

2012-04-01

Full Text Available It is known that the world economy provides the entrepreneurs a wide range of functional integration in foreign trade systems, but these commercial transactions are subject to common rules established and uniformly applied throughout the world. In the context of the importance of time or place of the transfer of ownership from seller to buyer, in carrying out intra-Community and international trade, time that also influences the price of goods, as now and then there takes place the transfer and the acquisition of costs and of the risk that the delivery involves, in this paper we will analyse the new delivery terms used in foreign trade, regulated under the name of Incoterms 2010, after which analysis we will issue opinions on the benefits of the proper use of such rules.

Government procurement, preferences and international trading rules : the South African case

OpenAIRE

DUBE, Memory; JOHANNES, Liezemarie; LEWIS, David

2015-01-01

This paper reviews the South African government procurement regime and asks whether adherence to international trading instruments and rules, and in particular the World Trade Organisation’s Government Procurement Agreement, would, and should, permit the maintenance of national policy criteria in the decision making matrix for procurement, whilst simultaneously enabling it to realise the efficiency gains of trade liberalisation. It also examines the likely impact, if any, that adherence to th...

Virtual water trade: an assessment of water use efficiency in the international food trade

Directory of Open Access Journals (Sweden)

H. Yang

2006-01-01

Full Text Available Amid an increasing water scarcity in many parts of the world, virtual water trade as both a policy instrument and practical means to balance the local, national and global water budget has received much attention in recent years. Building upon the knowledge of virtual water accounting in the literature, this study assesses the efficiency of water use embodied in the international food trade from the perspectives of exporting and importing countries and at the global and country levels. The investigation reveals that the virtual water flows primarily from countries of high crop water productivity to countries of low crop water productivity, generating a global saving in water use. Meanwhile, the total virtual water trade is dominated by green virtual water, which constitutes a low opportunity cost of water use as opposed to blue virtual water. A sensitivity analysis, however, suggests high uncertainties in the virtual water accounting and the estimation of the scale of water saving. The study also raises awareness of the limited effect of water scarcity on the global virtual water trade and the negative implications of the global water saving for the water use efficiency and food security in importing countries and the environment in exporting countries. The analysis shows the complexity in evaluating the efficiency gains in the international virtual water trade. The findings of the study, nevertheless, call for a greater emphasis on rainfed agriculture to improve the global food security and environmental sustainability.

Economic aspects of virtual water trade

Science.gov (United States)

Oki, Taikan; Yano, Shinjiro; Hanasaki, Naota

2017-04-01

Although water is rarely traded over long distances by itself, the total weight of the water consumed to produce traded commodities exceeds the weight of any other commodity traded in the world. This concept is known as virtual water trade. Although space-/time-/commodity-based quantification has been conducted extensively, the underlying causes of this peculiar feature have thus far received little exploration. Here, we use estimates of water consumption from a global hydrological model and statistical data related to food trade to elucidate three facts that explain the fundamental nature of virtual water trade with respect to alleviating water scarcity. First, we quantitatively illustrate the unique position of water among commodities based on its unit price and quantity of sales. Water has an extremely low unit price, and a tremendous volume of water is consumed per person each day. Second, we show that rich but water-scarce countries tend to reduce local water consumption by importing virtual water. Third, we demonstrate that nations characterized by net virtual water exports have higher water resources and income per capita and that no countries fall below a certain threshold with respect to both GDP and water resources. These points suggest that the virtual water trade is explained by economic characteristics of water and that sustainable development depends on promoting the co-development of poverty alleviation and water resource development.

Trade Openness and Domestic Water Use

Science.gov (United States)

Dang, Qian; Konar, Megan

2018-01-01

We contribute to the debate over globalization and the environment by asking, what is the impact of trade on national water use? To address this question, we employ econometric methods to quantify the causal relationship between trade openness and water use. Specifically, we use the instrumental variables methodology to evaluate the impact of trade openness on domestic water withdrawals in agriculture and industry. We find that trade openness does not have a significant impact on total or industrial water withdrawals. However, we show that one percentage point increase in trade openness leads to a 5.21% decrease in agricultural water withdrawals. We find that trade openness reduces water use in agriculture primarily through the intensive margin effect, by leading farmers to produce more with less water, such as through the adoption of technology. We do not find evidence for extensive margin or crop mix impacts on agricultural water withdrawals. Significantly, these results demonstrate that trade openness leads to less water use in agriculture. This finding has broad scientific and policy relevance as we endeavor to untangle causal relationships in the complex global food system and develop policies to achieve water and food security.

Forecasting Ability But No Profitability: An Empirical Evaluation of Genetic Algorithm-optimised Technical Trading Rules

OpenAIRE

Pereira, Robert

1999-01-01

This paper evaluates the performance of several popular technical trading rules applied to the Australian share market. The optimal trading rule parameter values over the in-sample period of 4/1/82 to 31/12/89 are found using a genetic algorithm. These optimal rules are then evaluated in terms of their forecasting ability and economic profitability during the out-of-sample period from 2/1/90 to the 31/12/97. The results indicate that the optimal rules outperform the benchmark given by a risk-...

A New Leader in Asian Free Trade Agreements? Chinese Style Global Trade: New Rules, No Labor Protections

OpenAIRE

Brown, Ronald C.

2017-01-01

In 2017, after the election of Donald Trump and his subsequent language and actions surrounding global trade, Chinese President Xi Jinping took the world stage at the World Economic Forum’s Annual Meeting in a moment that led many to say he assumed the mantle of world leader on globalism and global trade, particularly in Asia. Previously, President Obama noted that the TPP presented an opportunity for the U.S., along with its partners, to write the rules of international trade with Asia-Pacif...

Vulnerability of countries to food-production crises propagating in the virtual water trade network

Science.gov (United States)

Tamea, S.; Laio, F.; Ridolfi, L.

2015-12-01

In recent years, the international trade of food and agricultural commodities has undergone a marked increase of exchanged volumes and an expansion of the trade network. This globalization of trade has both positive and negative effects, but the interconnectedness and external dependency of countries generate complex dynamics which are often difficult to understand and model. In this study we consider the volume of water used for the production of agricultural commodities, virtually exchanged among countries through commodity trade, i.e. the virtual water trade. Then, we set up a parsimonious mechanistic model describing the propagation, into the global trade network, of food-production crises generated locally by a social, economic or environmental event (such as war, economic crisis, drought, pest). The model, accounting for the network structure and the virtual water balance of all countries, bases on rules derived from observed virtual water flows and on data-based and statistically verified assumption. It is also tested on real case studies that prove its capability to capture the main features of crises propagation. The model is then employed as the basis for the development of an index of country vulnerability, measuring the exposure of countries to crises propagating in the virtual water trade network. Results of the analysis are discussed within the context of socio-economic and environmental conditions of countries, showing that not only water-scarce, but also wealthy and globalized countries, are among the most vulnerable to external crises. The temporal analysis for the period 1986-2011 reveals that the global average vulnerability has strongly increased over time, confirming the increased exposure of countries to external crises which may occur in the virtual water trade network.

Virtual water trade and development in Africa

Science.gov (United States)

Konar, Megan; Caylor, Kelly

2014-05-01

A debate has long existed on the relationships between human population, natural resources, and development. Recent research has expanded this debate to include the impacts of trade; specifically, virtual water trade, or the water footprint of traded commodities. We conduct an empirical analysis of the relationships between virtual water trade, population, and development in Africa. We find that increases in virtual water imports do not lead to increases in population growth nor do they diminish human welfare. We establish a new index of virtual water trade openness and show that levels of undernourishment tend to fall with increased values of virtual water trade openness. Countries with small dam storage capacity obtain a higher fraction of their agricultural water requirements from external sources, which may indicate implicit `infrastructure sharing' across nations. Globally, increased crop exports tends to correlate with increased crop water use efficiency, though this relationship does not hold for Africa. However, internal African trade is much more efficient in terms of embodied water resources than any other region in the world. Thus, internal African trade patterns may be compensating for poor internal production systems.

Virtual water trade and development in Africa

Directory of Open Access Journals (Sweden)

M. Konar

2013-10-01

Full Text Available A debate has long existed on the relationships between human population, natural resources, and development. Recent research has expanded this debate to include the impacts of trade; specifically, virtual water trade, or the water footprint of traded commodities. We conduct an empirical analysis of the relationships between virtual water trade, population, and development in Africa. We find that increases in virtual water imports do not lead to increases in population growth nor do they diminish human welfare. We establish a new index of virtual water trade openness and show that levels of undernourishment tend to fall with increased values of virtual water trade openness. Countries with small dam storage capacity obtain a higher fraction of their agricultural water requirements from external sources, which may indicate implicit "infrastructure sharing" across nations. Globally, increased crop exports tend to correlate with increased crop water use efficiency, though this relationship does not hold for Africa. However, internal African trade is much more efficient in terms of embodied water resources than any other region in the world. Thus, internal African trade patterns may be compensating for poor internal production systems.

To the Federal Trade Commission in the Matter of a Trade Regulation Rule on Over-the-Counter Drug Advertising.

Science.gov (United States)

Council on Children, Media, and Merchandising, Washington, DC.

This report supports amending the proposed Federal Trade Commission (FTC) Rule on Over-the Counter (OTC) Drug Advertising to insure better protection for children, illiterate populations, the deaf and the blind, from advertising on the air-waves. Several points are addressed: (1) the difficulties of combining the rule making schedules of the Food…

75 FR 742 - Temporary Rule Regarding Principal Trades With Certain Advisory Clients

Science.gov (United States)

2010-01-06

... SECURITIES AND EXCHANGE COMMISSION 17 CFR Part 275 [Release No. IA-2965A; File No. S7-23-07] RIN 3235-AJ96 Temporary Rule Regarding Principal Trades With Certain Advisory Clients AGENCY: Securities... transactions with certain of their advisory clients. As adopted, the only change to the rule was the expiration...

Modeling climate change impacts on water trading.

Science.gov (United States)

Luo, Bin; Maqsood, Imran; Gong, Yazhen

2010-04-01

This paper presents a new method of evaluating the impacts of climate change on the long-term performance of water trading programs, through designing an indicator to measure the mean of periodic water volume that can be released by trading through a water-use system. The indicator is computed with a stochastic optimization model which can reflect the random uncertainty of water availability. The developed method was demonstrated in the Swift Current Creek watershed of Prairie Canada under two future scenarios simulated by a Canadian Regional Climate Model, in which total water availabilities under future scenarios were estimated using a monthly water balance model. Frequency analysis was performed to obtain the best probability distributions for both observed and simulated water quantity data. Results from the case study indicate that the performance of a trading system is highly scenario-dependent in future climate, with trading effectiveness highly optimistic or undesirable under different future scenarios. Trading effectiveness also largely depends on trading costs, with high costs resulting in failure of the trading program. (c) 2010 Elsevier B.V. All rights reserved.

Virtual water trade and bilateral conflicts

Science.gov (United States)

De Angelis, Enrico; Metulini, Rodolfo; Bove, Vincenzo; Riccaboni, Massimo

2017-12-01

In light of growing water scarcity, virtual water, or the water embedded in key water-intensive commodities, has been an active area of debate among practitioners and academics alike. As of yet, however, there is no consensus on whether water scarcity affects conflict behavior and we still lack empirical research intending to account for the role of virtual water in affecting the odds of militarized disputes between states. Using quantitative methods and data on virtual water trade, we find that bilateral and multilateral trade openness reduce the probability of war between any given pair of countries, which is consistent with the strategic role of this important commodity and the opportunity cost associated with the loss of trade gains. We also find that the substantive effect of virtual water trade is comparable to that of oil and gas, the archetypal natural resources, in determining interstate conflicts' probability.

Evolution of the global virtual water trade network.

Science.gov (United States)

Dalin, Carole; Konar, Megan; Hanasaki, Naota; Rinaldo, Andrea; Rodriguez-Iturbe, Ignacio

2012-04-17

Global freshwater resources are under increasing pressure from economic development, population growth, and climate change. The international trade of water-intensive products (e.g., agricultural commodities) or virtual water trade has been suggested as a way to save water globally. We focus on the virtual water trade network associated with international food trade built with annual trade data and annual modeled virtual water content. The evolution of this network from 1986 to 2007 is analyzed and linked to trade policies, socioeconomic circumstances, and agricultural efficiency. We find that the number of trade connections and the volume of water associated with global food trade more than doubled in 22 years. Despite this growth, constant organizational features were observed in the network. However, both regional and national virtual water trade patterns significantly changed. Indeed, Asia increased its virtual water imports by more than 170%, switching from North America to South America as its main partner, whereas North America oriented to a growing intraregional trade. A dramatic rise in China's virtual water imports is associated with its increased soy imports after a domestic policy shift in 2000. Significantly, this shift has led the global soy market to save water on a global scale, but it also relies on expanding soy production in Brazil, which contributes to deforestation in the Amazon. We find that the international food trade has led to enhanced savings in global water resources over time, indicating its growing efficiency in terms of global water use.

Performance of technical trading rules: evidence from Southeast Asian stock markets

OpenAIRE

Tharavanij, Piyapas; Siraprapasiri, Vasan; Rajchamaha, Kittichai

2015-01-01

This paper examines the profitability of technical trading rules in the five Southeast Asian stock markets. The data cover a period of 14 years from January 2000 to December 2013. The instruments investigated are five Southeast Asian stock market indices: SET index (Thailand), FTSE Bursa Malaysia KLC index (Malaysia), FTSE Straits Times index (Singapore), JSX Composite index (Indonesia), and PSE composite index (the Philippines). Trading strategies investigated include Relative Strength Index...

The Effects of International Trade on Water Use.

Science.gov (United States)

Kagohashi, Kazuki; Tsurumi, Tetsuya; Managi, Shunsuke

2015-01-01

The growing scarcity of water resources worldwide is conditioned not only by precipitation changes but also by changes to water use patterns; the latter is driven by social contexts such as capital intensity, trade openness, and income. This study explores the determinants of water use by focusing on the effect of trade openness on the degree to which water is withdrawn and consumed. Previous studies have conducted analyses on the determinants of water use but have ignored the endogeneity of trade openness. To deal with this endogeneity problem, we adopt instrumental variable estimation and clarify the determinants of water use. The determinants of water use are divided into scale, technique, and composition effects. Calculating each trade-induced effect, we examine how trade openness affects the degree of water use. Our results show that while trade has a positive effect on water withdrawal/consumption through trade-induced scale effects and direct composition effects, the trade-induced technique and the indirect composition effect, both of which exhibit a negative sign, counteract the scale effect and the direct composition effect, resulting in reduced water withdrawal/consumption. The overall effect induced by trade is calculated as being in the range of -1.00 to -1.52; this means that the overall effect of a 1% increase in the intensity of trade openness reduces the degree of water withdrawal/consumption by roughly 1.0-1.5%, on average. This result indicates that international bilateral trade would promote efficient water use through the diffusion of water-saving technologies and the reformation of industry composition.

Emission trading and Kyoto's protocol: discussions concerning rules and international coordination

International Nuclear Information System (INIS)

Baron, R.

2000-01-01

The Kyoto Protocol of the Climate Convention introduced the possibility to trade greenhouse gas emission reductions among industrialized countries, as a means to reduce the total cost of achieving the agreed emission goals. The rules for this international co-ordination regime are still debated, even if its principle is generally agreed. This article, written before the negotiation in the Hague, summarizes how the notion of emission trading made its way in the Framework Convention on Climate Change. The authors show what economic gains could realistically be expected from emission trading, based on macro-economic modelling results and a simulation of trading in the conditions of the Kyoto Protocol. They stress the critical contribution that emission trading could make, provided that the Protocol's environmental basis is not undermined. In the end, the negotiation collapsed over this issue. Beyond this near-term obstacle, the international emission trading system represents a significant progress towards an efficient resolution of man-made global climate change. (author)

Entropy of Egypt's virtual water trade gravity field

Science.gov (United States)

Karakatsanis, Georgios; Bierbach, Sandra

2016-04-01

The study investigates the entropy of Egypt's virtual water trade gravity distribution, in order to provide a chart of Egypt's embodied water balance in agricultural trade, in relation to distances with its major counterparties. Moreover, our calculations on the amount of the embodied water traded between Egypt and each of its partners take place according to a combination of available data on the blue, green and grey water footprints as well as the Food and Agriculture Organization (FAO) database of traded amounts per crop type. A study on the virtual water trade gravity, enables us to enrich former related studies (Fracasso 2014; Fracasso, Sartori and Schiavo 2014) via examining Egypt's water supply dependence on the Nile River and if comparative advantages -purely from the side of water quantities- can be identified via recognizing which water footprint categories are particularly high. Additionally, this methodology can comprise -from a fundamental level- a guide for revealing the importance of water footprint types for Egypt's agricultural sector; hence, Egypt's potential comparative advantages, as far as quantitative water endowments are exclusively concerned (without consideration of water or crop prices). Although it is pointed out very correctly by various authors (Antonelli and Sartori 2014) that the virtual water trade concept does not incorporate many important aspects of water supply -such as heavy water price subsidizing- to be used accurately for the identification of comparative advantages, we consider that the purely quantitative examination can provide strong fundamental indications -especially for green and grey water footprints, which are hypothesized to be less sensitive to subsidizing. In overall, this effect can very well provide a primary indication on the organization of the global alimentation trade network (Yang et al. 2006). The gravity equation used contains water footprint data for the 15 top traded crops and the distances for Egypt

The Cost of Technical Trading Rules in the Forex Market: A Utility-based Evaluation

NARCIS (Netherlands)

H.D.R. Dewachter (Hans); M. Lyrio (Marco)

2003-01-01

textabstractWe compute the opportunity cost for rational risk averse agents of using technical trading rules in the foreign exchange rate market. Our purpose is to investigate whether these rules can be interpreted as near-rational investment strategies for rational investors. We analyze four

Water Footprint and Virtual Water Trade of Brazil

Directory of Open Access Journals (Sweden)

Vicente de Paulo R. da Silva

2016-11-01

Full Text Available Freshwater scarcity has increased at an alarming rate worldwide; improved water management plays a vital role in increasing food production and security. This study aims to determine the water footprint of Brazil’s national food consumption, the virtual water flows associated with international trade in the main agricultural commodities, as well as water scarcity, water self-sufficiency and water dependency per Brazilian region. While previous country studies on water footprints and virtual water trade focused on virtual water importers or water-scarce countries, this is the first study to concentrate on a water-abundant virtual water-exporting country. Besides, it is the first study establishing international virtual water trade balances per state, which is relevant given the fact that water scarcity varies across states within the country, so the origin of virtual water exports matters. The results show that the average water footprint of Brazilian food consumption is 1619 m3/person/year. Beef contributes most (21% to this total. We find a net virtual water export of 54.8 billion m3/year, mainly to Europe, which imports 41% of the gross amount of the virtual water exported from Brazil. The northeast, the region with the highest water scarcity, has a net import of virtual water. The southeast, next in terms of water scarcity, shows large virtual water exports, mainly related to the export of sugar. The north, which has the most water, does not show a high virtual water export rate.

Temporal dynamics of blue and green virtual water trade networks

Science.gov (United States)

Konar, M.; Dalin, C.; Hanasaki, N.; Rinaldo, A.; Rodriguez-Iturbe, I.

2012-12-01

Global food security increasingly relies on the trade of food commodities. Freshwater resources are essential to agricultural production and are thus embodied in the trade of food commodities, referred to as "virtual water trade." Agricultural production predominantly relies on rainwater (i.e., "green water"), though irrigation (i.e., "blue water") does play an important role. These different sources of water have distinctly different opportunity costs, which may be reflected in the way these resources are traded. Thus, the temporal dynamics of the virtual water trade networks from these distinct water sources require characterization. We find that 42 × 109 m3 blue and 310 × 109 m3 green water was traded in 1986, growing to 78 × 109 m3 blue and 594 × 109 m3 green water traded in 2008. Three nations dominate the export of green water resources: the USA, Argentina, and Brazil. As a country increases its export trade partners it tends to export relatively more blue water. However, as a country increases its import trade partners it does not preferentially import water from a specific source. The amount of virtual water that a country imports by increasing its import trade partners has been decreasing over time, with the exception of the soy trade. Both blue and green virtual water networks are efficient: 119 × 109 m3 blue and 105 × 109 m3 green water were saved in 2008. Importantly, trade has been increasingly saving water over time, due to the intensification of crop trade on more water-efficient links.

To the Federal Trade Commission in the Matter of a Trade Regulation Rule on Food/Nutrition Advertising.

Science.gov (United States)

Choate, Robert B.

Food advertising and its effects on children are discussed in this document petitioning the Federal Trade Commission (FTC) to amend a proposed rule on food promotion for the benefit of children under twelve. Extensive information is presented on television food commercials and their influence on children's nutritional beliefs and eating habits.…

Trading Rules on Stock Markets Using Genetic Network Programming with Reinforcement Learning and Importance Index

Science.gov (United States)

Mabu, Shingo; Hirasawa, Kotaro; Furuzuki, Takayuki

Genetic Network Programming (GNP) is an evolutionary computation which represents its solutions using graph structures. Since GNP can create quite compact programs and has an implicit memory function, it has been clarified that GNP works well especially in dynamic environments. In addition, a study on creating trading rules on stock markets using GNP with Importance Index (GNP-IMX) has been done. IMX is a new element which is a criterion for decision making. In this paper, we combined GNP-IMX with Actor-Critic (GNP-IMX&AC) and create trading rules on stock markets. Evolution-based methods evolve their programs after enough period of time because they must calculate fitness values, however reinforcement learning can change programs during the period, therefore the trading rules can be created efficiently. In the simulation, the proposed method is trained using the stock prices of 10 brands in 2002 and 2003. Then the generalization ability is tested using the stock prices in 2004. The simulation results show that the proposed method can obtain larger profits than GNP-IMX without AC and Buy&Hold.

On the use of exchange rates as trading rules in a bilateral system of transferable discharge permits

International Nuclear Information System (INIS)

Rodriguez, F.

2000-01-01

The use of a system of transferable discharge permits to control the harmful effects of non-uniformly mixed pollutants requires the application of trading rules in order to prevent permit trading among sources from violating environmental standards. The elements and properties of bilateral trading rules can be analyzed more easily once formulated as exchange rates, which would convert, in a cost-effective way, the emission right potentially given up by the seller into an offsetting emission right acquired by the buyer. In this article, a new expression for such exchange rates is proposed and then analyzed to infer some unexplored properties of the system. 8 refs

Ecological network analysis on global virtual water trade.

Science.gov (United States)

Yang, Zhifeng; Mao, Xufeng; Zhao, Xu; Chen, Bin

2012-02-07

Global water interdependencies are likely to increase with growing virtual water trade. To address the issues of the indirect effects of water trade through the global economic circulation, we use ecological network analysis (ENA) to shed insight into the complicated system interactions. A global model of virtual water flow among agriculture and livestock production trade in 1995-1999 is also built as the basis for network analysis. Control analysis is used to identify the quantitative control or dependency relations. The utility analysis provides more indicators for describing the mutual relationship between two regions/countries by imitating the interactions in the ecosystem and distinguishes the beneficiary and the contributor of virtual water trade system. Results show control and utility relations can well depict the mutual relation in trade system, and direct observable relations differ from integral ones with indirect interactions considered. This paper offers a new way to depict the interrelations between trade components and can serve as a meaningful start as we continue to use ENA in providing more valuable implications for freshwater study on a global scale.

A Stock Trading Recommender System Based on Temporal Association Rule Mining

Directory of Open Access Journals (Sweden)

Binoy B. Nair

2015-04-01

Full Text Available Recommender systems capable of discovering patterns in stock price movements and generating stock recommendations based on the patterns thus discovered can significantly supplement the decision-making process of a stock trader. Such recommender systems are of great significance to a layperson who wishes to profit by stock trading even while not possessing the skill or expertise of a seasoned trader. A genetic algorithm optimized Symbolic Aggregate approXimation (SAX–Apriori based stock trading recommender system, which can mine temporal association rules from the stock price data set to generate stock trading recommendations, is presented in this article. The proposed system is validated on 12 different data sets. The results indicate that the proposed system significantly outperforms the passive buy-and-hold strategy, offering scope for a layperson to successfully invest in capital markets.

Propagation of crises in the virtual water trade network

Science.gov (United States)

Tamea, Stefania; Laio, Francesco; Ridolfi, Luca

2015-04-01

The international trade of agricultural goods is associated to the displacement of the water used to produce such goods and embedded in trade as a factor of production. Water virtually exchanged from producing to consuming countries, named virtual water, defines flows across an international network of 'virtual water trade' which enable the assessment of environmental forcings and implications of trade, such as global water savings or country dependencies on foreign water resources. Given the recent expansion of commodity (and virtual water) trade, in both displaced volumes and network structure, concerns have been raised about the exposure to crises of individuals and societies. In fact, if one country had to markedly decrease its export following a socio-economical or environmental crisis, such as a war or a drought, many -if not all- countries would be affected due to a cascade effect within the trade network. The present contribution proposes a mechanistic model describing the propagation of a local crisis into the virtual water trade network, accounting for the network structure and the virtual water balance of all countries. The model, built on data-based assumptions, is tested on the real case study of the Argentinean crisis in 2008-09, when the internal agricultural production (measured as virtual water volume) decreased by 26% and the virtual water export of Argentina dropped accordingly. Crisis propagation and effects on the virtual water trade are correctly captured, showing the way forward to investigations of crises impact and country vulnerability based on the results of the model proposed.

77 FR 62185 - Temporary Rule Regarding Principal Trades With Certain Advisory Clients

Science.gov (United States)

2012-10-12

... 3235-AJ96 Temporary Rule Regarding Principal Trades With Certain Advisory Clients AGENCY: Securities... principal capacity in transactions with certain of their advisory clients. The amendment would extend the... Advisers Act when they act in a principal capacity in transactions with certain of their advisory clients...

75 FR 75650 - Temporary Rule Regarding Principal Trades With Certain Advisory Clients

Science.gov (United States)

2010-12-06

... 3235-AJ96 Temporary Rule Regarding Principal Trades With Certain Advisory Clients AGENCY: Securities... principal capacity in transactions with certain of their advisory clients. The amendment would extend the... Advisers Act when they act in a principal capacity in transactions with certain of their advisory clients...

The trade of virtual water: do property rights matter?

Science.gov (United States)

Xu, Ankai

2016-04-01

My paper examines the determinants of the virtual water trade - embodied in the trade of agriculture products - by estimating a structural gravity model. In particular, it tests the relationship between property rights and the export of water-intensive agricultural products based on water footprint data in Mekonnen and Hoekstra (2011, 2012). Using two different measures of property rights protection, I show that countries with weaker property rights have an apparent comparative advantage in the trade of water-intensive products. After controlling for the economic size, natural resource endowments, and possible effects of reverse causality, the trade flow of virtual water is negatively and significantly correlated with the property rights index of the exporting country. Holding other factors constant, one point increase in the property rights index of a country is associated with a 24% - 36% decrease in its virtual water export, whereas a 1% increase in the natural resource protection index of a country is associated with a 16% decrease in its virtual water export. This paper is the first empirical work that tests the relationship between property rights and trade of water-intensive products, offering a new perceptive in the debate of virtual water trade. The findings provide a possible explanation on the paradoxical evidence that some countries with scarce water resources export water-intensive products. The result is important not only in terms of its theoretical relevance, but also its policy implications. As prescribed by the model of trade and property rights, when countries with weaker property rights open to international trade, they are more likely to over-exploit and thus expedite the depletion of natural resources.

17 CFR 275.206(3)-3T - Temporary rule for principal trades with certain advisory clients.

Science.gov (United States)

2010-04-01

... trades with certain advisory clients. 275.206(3)-3T Section 275.206(3)-3T Commodity and Securities... 1940 § 275.206(3)-3T Temporary rule for principal trades with certain advisory clients. (a) An..., sells to or purchases from an advisory client any security if: (1) The investment adviser exercises no...

The Rules of Origin of Goods as an Instrument of the State Foreign Trade Policy

Directory of Open Access Journals (Sweden)

Storozhchuk Volodymyr M.

2018-01-01

Full Text Available The article is aimed at analyzing the types of rules of origin of goods, existing in the international practice, and approaches to assess their impact on the foreign trade flows. The article considers two types of rules for determining the country of origin of goods used in the international practice: non-preferential and preferential. The main characteristics of the non-preferential rules of origin and peculiarities of their application in Ukraine are defined and systematized. The article defines the priority functions of the customs tariff, subject to the use of non-preferential rules of origin of goods, to which are classified: protective, fiscal, and regulatory. The criteria used in the non-preferential rules of origin of goods have been considered. It has been substantiated that the priority functions of the customs tariff subject to the use of preferential rules of origin of goods are the integration and progressive functions. The criteria used in the preferential rules of origin of goods have been considered. Based on the results of the analysis of the rules of origin of goods, it has been substantiated that their use can be considered as a restrictive or an incentive tool of the State foreign trade policy. It has been shown that of special importance, in the context of Ukraine’s integration into the global value chains, is the goods’ acquisition of the status of preferential origin in accordance with the criterion of diagonal cumulation within the framework of the Regional Pan-Euro-Med Convention, which requires Ukraine to conclude a number of bilateral agreements with the identical preferential rules of origin of goods.

Water Footprint and Virtual Water Trade of Brazil

OpenAIRE

da Silva, Vicente de Paulo R.; de Oliveira, Sonaly D.; Hoekstra, Arjen Ysbert; Neto, Jose Dantas; Campos, João Hugo B.C.; Braga, Celia C.; Araújo, Lincoln Eloi; Oliveira Aleixo, Danilo; de Brito, Jose Ivaldo B.; de Souza, Marcio Dionisio; de Holanda, Romildo M.

2016-01-01

Freshwater scarcity has increased at an alarming rate worldwide; improved water management plays a vital role in increasing food production and security. This study aims to determine the water footprint of Brazil’s national food consumption, the virtual water flows associated with international trade in the main agricultural commodities, as well as water scarcity, water self-sufficiency and water dependency per Brazilian region. While previous country studies on water footprints and virtual w...

Visualising Pareto-optimal trade-offs helps move beyond monetary-only criteria for water management decisions

Science.gov (United States)

Hurford, Anthony; Harou, Julien

2014-05-01

Water related eco-system services are important to the livelihoods of the poorest sectors of society in developing countries. Degradation or loss of these services can increase the vulnerability of people decreasing their capacity to support themselves. New approaches to help guide water resources management decisions are needed which account for the non-market value of ecosystem goods and services. In case studies from Brazil and Kenya we demonstrate the capability of many objective Pareto-optimal trade-off analysis to help decision makers balance economic and non-market benefits from the management of existing multi-reservoir systems. A multi-criteria search algorithm is coupled to a water resources management simulator of each basin to generate a set of Pareto-approximate trade-offs representing the best case management decisions. In both cases, volume dependent reservoir release rules are the management decisions being optimised. In the Kenyan case we further assess the impacts of proposed irrigation investments, and how the possibility of new investments impacts the system's trade-offs. During the multi-criteria search (optimisation), performance of different sets of management decisions (policies) is assessed against case-specific objective functions representing provision of water supply and irrigation, hydropower generation and maintenance of ecosystem services. Results are visualised as trade-off surfaces to help decision makers understand the impacts of different policies on a broad range of stakeholders and to assist in decision-making. These case studies show how the approach can reveal unexpected opportunities for win-win solutions, and quantify the trade-offs between investing to increase agricultural revenue and negative impacts on protected ecosystems which support rural livelihoods.

Application of virtual water trade theory in interregional grain ...

African Journals Online (AJOL)

Application of virtual water trade theory in interregional grain allocation and ... was calculated in 2008 based on virtual water and virtual water trade theories. ... The whole country saved about 3.05×1010m³ water resource as a result of the well ...

Virtual water embodied in international trade of soybean

DEFF Research Database (Denmark)

Caro, Dario; Thomsen, Marianne

This study focuses on hidden water flows embodied in the international trade of soybean. The virtual water content embedded in soybean imported and exported by 174 countries during the period 2000-2013 is estimated.......This study focuses on hidden water flows embodied in the international trade of soybean. The virtual water content embedded in soybean imported and exported by 174 countries during the period 2000-2013 is estimated....

A theoretical model of water and trade

Science.gov (United States)

Dang, Qian; Konar, Megan; Reimer, Jeffrey J.; Di Baldassarre, Giuliano; Lin, Xiaowen; Zeng, Ruijie

2016-03-01

Water is an essential input for agricultural production. Agriculture, in turn, is globalized through the trade of agricultural commodities. In this paper, we develop a theoretical model that emphasizes four tradeoffs involving water-use decision-making that are important yet not always considered in a consistent framework. One tradeoff focuses on competition for water among different economic sectors. A second tradeoff examines the possibility that certain types of agricultural investments can offset water use. A third tradeoff explores the possibility that the rest of the world can be a source of supply or demand for a country's water-using commodities. The fourth tradeoff concerns how variability in water supplies influences farmer decision-making. We show conditions under which trade liberalization affect water use. Two policy scenarios to reduce water use are evaluated. First, we derive a target tax that reduces water use without offsetting the gains from trade liberalization, although important tradeoffs exist between economic performance and resource use. Second, we show how subsidization of water-saving technologies can allow producers to use less water without reducing agricultural production, making such subsidization an indirect means of influencing water use decision-making. Finally, we outline conditions under which riskiness of water availability affects water use. These theoretical model results generate hypotheses that can be tested empirically in future work.

To trade or not to trade: Link prediction in the virtual water network

Science.gov (United States)

Tuninetti, Marta; Tamea, Stefania; Laio, Francesco; Ridolfi, Luca

2017-12-01

In the international trade network, links express the (temporary) presence of a commercial exchange of goods between any two countries. Given the dynamical behaviour of the trade network, where links are created and dismissed every year, predicting the link activation/deactivation is an open research question. Through the international trade network of agricultural goods, water resources are 'virtually' transferred from the country of production to the country of consumption. We propose a novel methodology for link prediction applied to the network of virtual water trade. Starting from the assumption of having links between any two countries, we estimate the associated virtual water flows by means of a gravity-law model using country and link characteristics as drivers. We consider the links with estimated flows higher than 1000 m3/year as active links, while the others as non-active links. Flows traded along estimated active links are then re-estimated using a similar but differently-calibrated gravity-law model. We were able to correctly model 84% of the existing links and 93% of the non-existing links in year 2011. It is worth to note that the predicted active links carry 99% of the global virtual water flow; hence, missed links are mainly those where a minimum volume of virtual water is exchanged. Results indicate that, over the period from 1986 to 2011, population, geographical distances between countries, and agricultural efficiency (through fertilizers use) are the major factors driving the link activation and deactivation. As opposed to other (network-based) models for link prediction, the proposed method is able to reconstruct the network architecture without any prior knowledge of the network topology, using only the nodes and links attributes; it thus represents a general method that can be applied to other networks such as food or value trade networks.

Congestion management rules and trading strategies in the Spanish electricity market

Energy Technology Data Exchange (ETDEWEB)

Furio, Dolores; Lucia, Julio J. [Departamento de Economia Financiera y Actuarial, Universidad de Valencia, Avda. Los Naranjos, s/n, 46022 - Valencia (Spain)

2009-01-15

This paper analyses the economic incentives embodied in the rules governing the resolution of transmission constraints in the Spanish wholesale electricity market and the way these incentives may have influenced on the trading behaviour of both the generators and the demand side. The evidence obtained is consistent with them responding to these incentives. In particular, buyers would respond to the way congestion costs are billed to them by abandoning the daily market in favour of the intraday market as far as possible. Additionally, some strategic generators may have been prompted the system operator to require them to inject electricity into the system to solve network congestions. Finally, these results may contribute to shed light on what should be expected of the reform in the aforementioned rules. (author)

Congestion management rules and trading strategies in the Spanish electricity market

International Nuclear Information System (INIS)

Furio, Dolores; Lucia, Julio J.

2009-01-01

This paper analyses the economic incentives embodied in the rules governing the resolution of transmission constraints in the Spanish wholesale electricity market and the way these incentives may have influenced on the trading behaviour of both the generators and the demand side. The evidence obtained is consistent with them responding to these incentives. In particular, buyers would respond to the way congestion costs are billed to them by abandoning the daily market in favour of the intraday market as far as possible. Additionally, some strategic generators may have been prompted the system operator to require them to inject electricity into the system to solve network congestions. Finally, these results may contribute to shed light on what should be expected of the reform in the aforementioned rules. (author)

75 FR 68153 - To Adjust the Rules of Origin Under the United States-Bahrain Free Trade Agreement, Implement...

Science.gov (United States)

2010-11-04

...-Bahrain Free Trade Agreement, Implement Modifications to the Caribbean Basin Economic Recovery Act, and... Adjust the Rules of Origin Under the United States-Bahrain Free Trade Agreement, Implement Modifications to the Caribbean Basin Economic Recovery Act, and for Other Purposes By the President of the United...

Water resources transfers through Chinese interprovincial and foreign food trade.

Science.gov (United States)

Dalin, Carole; Hanasaki, Naota; Qiu, Huanguang; Mauzerall, Denise L; Rodriguez-Iturbe, Ignacio

2014-07-08

China's water resources are under increasing pressure from socioeconomic development, diet shifts, and climate change. Agriculture still concentrates most of the national water withdrawal. Moreover, a spatial mismatch in water and arable land availability--with abundant agricultural land and little water resources in the north--increases water scarcity and results in virtual water transfers from drier to wetter regions through agricultural trade. We use a general equilibrium welfare model and linear programming optimization to model interprovincial food trade in China. We combine these trade flows with province-level estimates of commodities' virtual water content to build China's domestic and foreign virtual water trade network. We observe large variations in agricultural water-use efficiency among provinces. In addition, some provinces particularly rely on irrigation vs. rainwater. We analyze the virtual water flow patterns and the corresponding water savings. We find that this interprovincial network is highly connected and the flow distribution is relatively homogeneous. A significant share of water flows is from international imports (20%), which are dominated by soy (93%). We find that China's domestic food trade is efficient in terms of rainwater but inefficient regarding irrigation, meaning that dry, irrigation-intensive provinces tend to export to wetter, less irrigation-intensive ones. Importantly, when incorporating foreign imports, China's soy trade switches from an inefficient system to a particularly efficient one for saving water resources (20 km(3)/y irrigation water savings, 41 km(3)/y total). Finally, we identify specific provinces (e.g., Inner Mongolia) and products (e.g., corn) that show high potential for irrigation productivity improvements.

Rules for congestion management. Evaluation of available of capacity and possibilities for increased counter trade

Energy Technology Data Exchange (ETDEWEB)

NONE

2004-08-01

In the Nordic electricity market, congestion is currently managed using two methods: a combination of price areas (market splitting) and counter-trade. In the planning phase (one day ahead) the main method employed is market splitting, although moving internal bottlenecks to the country border and domestic counter-trade are also used to some degree. Congestion is solved through counter- trade in the operating phase (during the day). In spring 2002, Nordel published a report with proposals for possible changes in Nordic congestion management. The main proposal was to introduce new price areas in the spot market and let the borders of price areas coincide with the physical borders of congestion in the transmission network to a greater degree. It was also proposed to increase the use of counter-trade. Based on feedback from Nordic market players, Nordel decided to carry on the work with congestion management in a new ad hoc group. The group's mandate was a Nordic harmonization of rules and practices for congestion management and a socio-economically efficient utilisation of the transmission grid capacity. Furthermore, the group was asked to investigate how to ensure optimal availability of capacity and to look into the possibilities of increasing usage of counter-trade. The ad hoc working group results are presented in this report. Among the conclusions drawn from the investigations are: 1) A limited increase of counter-trade in the planning phase is feasible for temporary congestion in order to reduce the area price risks for the market players, 2) Market participants should be consulted to get their views on whether and to what extent counter-trade should be increased taking benefits and costs into account. The extent of counter-trade could e.g. be decided as a percentage of NCT with intact grid, 3) Nordel should consider a practice where counter-trading is used to prevent reductions in cross-border capacity due to maintenance, 4) The use of counter-trade in

Rules for congestion management. Evaluation of availability of capacity and possibilities for increased counter trade

Energy Technology Data Exchange (ETDEWEB)

NONE

2004-08-01

In the Nordic electricity market, congestion is currently managed using two methods: a combination of price areas (market splitting) and counter-trade. In the planning phase (one day ahead) the main method employed is market splitting, although moving internal bottlenecks to the country border and domestic counter-trade are also used to some degree. Congestion is solved through counter- trade in the operating phase (during the day). In spring 2002, Nordel published a report with proposals for possible changes in Nordic congestion management. The main proposal was to introduce new price areas in the spot market and let the borders of price areas coincide with the physical borders of congestion in the transmission network to a greater degree. It was also proposed to increase the use of counter-trade. Based on feedback from Nordic market players, Nordel decided to carry on the work with congestion management in a new ad hoc group. The group's mandate was a Nordic harmonization of rules and practices for congestion management and a socio-economically efficient utilisation of the transmission grid capacity. Furthermore, the group was asked to investigate how to ensure optimal availability of capacity and to look into the possibilities of increasing usage of counter-trade. The ad hoc working group results are presented in this report. Among the conclusions drawn from the investigations are: 1) A limited increase of counter-trade in the planning phase is feasible for temporary congestion in order to reduce the area price risks for the market players, 2) Market participants should be consulted to get their views on whether and to what extent counter-trade should be increased taking benefits and costs into account. The extent of counter-trade could e.g. be decided as a percentage of NCT with intact grid, 3) Nordel should consider a practice where counter-trading is used to prevent reductions in cross-border capacity due to maintenance, 4) The use of counter-trade in

Rules for congestion management. Evaluation of availability of capacity and possibilities for increased counter trade

International Nuclear Information System (INIS)

2004-08-01

In the Nordic electricity market, congestion is currently managed using two methods: a combination of price areas (market splitting) and counter-trade. In the planning phase (one day ahead) the main method employed is market splitting, although moving internal bottlenecks to the country border and domestic counter-trade are also used to some degree. Congestion is solved through counter- trade in the operating phase (during the day). In spring 2002, Nordel published a report with proposals for possible changes in Nordic congestion management. The main proposal was to introduce new price areas in the spot market and let the borders of price areas coincide with the physical borders of congestion in the transmission network to a greater degree. It was also proposed to increase the use of counter-trade. Based on feedback from Nordic market players, Nordel decided to carry on the work with congestion management in a new ad hoc group. The group's mandate was a Nordic harmonization of rules and practices for congestion management and a socio-economically efficient utilisation of the transmission grid capacity. Furthermore, the group was asked to investigate how to ensure optimal availability of capacity and to look into the possibilities of increasing usage of counter-trade. The ad hoc working group results are presented in this report. Among the conclusions drawn from the investigations are: 1) A limited increase of counter-trade in the planning phase is feasible for temporary congestion in order to reduce the area price risks for the market players, 2) Market participants should be consulted to get their views on whether and to what extent counter-trade should be increased taking benefits and costs into account. The extent of counter-trade could e.g. be decided as a percentage of NCT with intact grid, 3) Nordel should consider a practice where counter-trading is used to prevent reductions in cross-border capacity due to maintenance, 4) The use of counter-trade in the

Local and global perspectives on the virtual water trade

Directory of Open Access Journals (Sweden)

S. Tamea

2013-03-01

Full Text Available Recent studies on fluxes of virtual water are showing how the global food and goods trade interconnects the water resources of different and distant countries, conditioning the local water balances. This paper presents and discusses the assessment of virtual water fluxes between a single country and its network of trading partners, delineating a country's virtual water budget in space and time (years 1986–2010. The fluxes between the country under study and its importing/exporting partners are visualized with a geographical representation shaping the trade network as a virtual river/delta. Time variations of exchanged fluxes are quantified to show possible trends in the virtual water balance, while characterizing the time evolution of the trade network and its composition in terms of product categories (plant-based, animal-based, luxury food, and non-edible. The average distance traveled by virtual water to arrive to the place of consumption is also introduced as a new measure for the analysis of globalization of the virtual water trade. Using Italy as an example, we find that food trade has a steadily growing importance compared to domestic production, with a major component represented by plant-based products, and luxury products taking an increasingly larger share (26% in 2010. In 2010 Italy had an average net import of 55 km3 of virtual water (38 km3 in 1986, a value which poses the country among the top net importers in the world. On average each cubic meter of virtual water travels nearly 4000 km before entering Italy, while export goes to relatively closer countries (average distance: 2600 km, with increasing trends in time which are almost unique among the world countries. Analyses proposed for Italy are replicated for 10 other world countries, triggering similar investigations on different socio-economic actualities.

Local and global perspectives on the virtual water trade

Science.gov (United States)

Tamea, S.; Allamano, P.; Carr, J. A.; Claps, P.; Laio, F.; Ridolfi, L.

2013-03-01

Recent studies on fluxes of virtual water are showing how the global food and goods trade interconnects the water resources of different and distant countries, conditioning the local water balances. This paper presents and discusses the assessment of virtual water fluxes between a single country and its network of trading partners, delineating a country's virtual water budget in space and time (years 1986-2010). The fluxes between the country under study and its importing/exporting partners are visualized with a geographical representation shaping the trade network as a virtual river/delta. Time variations of exchanged fluxes are quantified to show possible trends in the virtual water balance, while characterizing the time evolution of the trade network and its composition in terms of product categories (plant-based, animal-based, luxury food, and non-edible). The average distance traveled by virtual water to arrive to the place of consumption is also introduced as a new measure for the analysis of globalization of the virtual water trade. Using Italy as an example, we find that food trade has a steadily growing importance compared to domestic production, with a major component represented by plant-based products, and luxury products taking an increasingly larger share (26% in 2010). In 2010 Italy had an average net import of 55 km3 of virtual water (38 km3 in 1986), a value which poses the country among the top net importers in the world. On average each cubic meter of virtual water travels nearly 4000 km before entering Italy, while export goes to relatively closer countries (average distance: 2600 km), with increasing trends in time which are almost unique among the world countries. Analyses proposed for Italy are replicated for 10 other world countries, triggering similar investigations on different socio-economic actualities.

Derivation of Optimal Operating Rules for Large-scale Reservoir Systems Considering Multiple Trade-off

Science.gov (United States)

Zhang, J.; Lei, X.; Liu, P.; Wang, H.; Li, Z.

2017-12-01

Flood control operation of multi-reservoir systems such as parallel reservoirs and hybrid reservoirs often suffer from complex interactions and trade-off among tributaries and the mainstream. The optimization of such systems is computationally intensive due to nonlinear storage curves, numerous constraints and complex hydraulic connections. This paper aims to derive the optimal flood control operating rules based on the trade-off among tributaries and the mainstream using a new algorithm known as weighted non-dominated sorting genetic algorithm II (WNSGA II). WNSGA II could locate the Pareto frontier in non-dominated region efficiently due to the directed searching by weighted crowding distance, and the results are compared with those of conventional operating rules (COR) and single objective genetic algorithm (GA). Xijiang river basin in China is selected as a case study, with eight reservoirs and five flood control sections within four tributaries and the mainstream. Furthermore, the effects of inflow uncertainty have been assessed. Results indicate that: (1) WNSGA II could locate the non-dominated solutions faster and provide better Pareto frontier than the traditional non-dominated sorting genetic algorithm II (NSGA II) due to the weighted crowding distance; (2) WNSGA II outperforms COR and GA on flood control in the whole basin; (3) The multi-objective operating rules from WNSGA II deal with the inflow uncertainties better than COR. Therefore, the WNSGA II can be used to derive stable operating rules for large-scale reservoir systems effectively and efficiently.

75 FR 51934 - Telemarketing Sales Rule

Science.gov (United States)

2010-08-24

... FEDERAL TRADE COMMISSION 16 CFR Part 310 Telemarketing Sales Rule AGENCY: Federal Trade Commission. ACTION: Final rule; correction. SUMMARY: The Federal Trade Commission (``Commission'') published a final rule on August 10, 2010, adopting amendments to the Telemarketing Sales Rule that address the...

Trade in goods

DEFF Research Database (Denmark)

Sørensen, Karsten Engsig

2006-01-01

An analysis of the rules governing trade in goods under the GATT agreement and the Agreement on Safeguards......An analysis of the rules governing trade in goods under the GATT agreement and the Agreement on Safeguards...

Recent History and Geography of Virtual Water Trade

Science.gov (United States)

Carr, Joel A.; D’Odorico, Paolo; Laio, Francesco; Ridolfi, Luca

2013-01-01

The global trade of goods is associated with a virtual transfer of the water required for their production. The way changes in trade affect the virtual redistribution of freshwater resources has been recently documented through the analysis of the virtual water network. It is, however, unclear how these changes are contributed by different types of products and regions of the world. Here we show how the global patterns of virtual water transport are contributed by the trade of different commodity types, including plant, animal, luxury (e.g., coffee, tea, and alcohol), and other products. Major contributors to the virtual water network exhibit different trade patterns with regard to these commodity types. The net importers rely on the supply of virtual water from a small percentage of the global population. However, discrepancies exist among the different commodity networks. While the total virtual water flux through the network has increased between 1986 and 2010, the proportions associated with the four commodity groups have remained relatively stable. However, some of the major players have shown significant changes in the virtual water imports and exports associated with those commodity groups. For instance, China has switched from being a net exporter of virtual water associated with other products (non-edible plant and animal products typically used for manufacturing) to being the largest importer, accounting for 31% of the total water virtually transported with these products. Conversely, in the case of The United states of America, the commodity proportions have remained overall unchanged throughout the study period: the virtual water exports from The United States of America are dominated by plant products, whereas the imports are comprised mainly of animal and luxury products. PMID:23457481

Recent history and geography of virtual water trade.

Science.gov (United States)

Carr, Joel A; D'Odorico, Paolo; Laio, Francesco; Ridolfi, Luca

2013-01-01

The global trade of goods is associated with a virtual transfer of the water required for their production. The way changes in trade affect the virtual redistribution of freshwater resources has been recently documented through the analysis of the virtual water network. It is, however, unclear how these changes are contributed by different types of products and regions of the world. Here we show how the global patterns of virtual water transport are contributed by the trade of different commodity types, including plant, animal, luxury (e.g., coffee, tea, and alcohol), and other products. Major contributors to the virtual water network exhibit different trade patterns with regard to these commodity types. The net importers rely on the supply of virtual water from a small percentage of the global population. However, discrepancies exist among the different commodity networks. While the total virtual water flux through the network has increased between 1986 and 2010, the proportions associated with the four commodity groups have remained relatively stable. However, some of the major players have shown significant changes in the virtual water imports and exports associated with those commodity groups. For instance, China has switched from being a net exporter of virtual water associated with other products (non-edible plant and animal products typically used for manufacturing) to being the largest importer, accounting for 31% of the total water virtually transported with these products. Conversely, in the case of The United states of America, the commodity proportions have remained overall unchanged throughout the study period: the virtual water exports from The United States of America are dominated by plant products, whereas the imports are comprised mainly of animal and luxury products.

Water quality trading opportunities in two sub-watersheds in the northern Lake Okeechobee watershed.

Science.gov (United States)

Corrales, Juliana; Naja, G Melodie; Bhat, Mahadev G; Miralles-Wilhelm, Fernando

2017-07-01

year) and 45% ($ 3.2 million per year), respectively. It is important to note that the realization of the environmental and economic benefits of this market-based alternative is also contingent on other important factors, such as the market structure, the specific program rules, the risk perception, and the education and outreach to develop trusted relationships among regulatory agencies, the public sector, and other stakeholders. Nevertheless, this research provided the foundation for stakeholders to better understand whether water quality trading has the potential to work in the Lake Okeechobee watershed and to facilitate the development of a pilot program. Copyright © 2017 Elsevier Ltd. All rights reserved.

Recent history and geography of virtual water trade.

Directory of Open Access Journals (Sweden)

Joel A Carr

Full Text Available The global trade of goods is associated with a virtual transfer of the water required for their production. The way changes in trade affect the virtual redistribution of freshwater resources has been recently documented through the analysis of the virtual water network. It is, however, unclear how these changes are contributed by different types of products and regions of the world. Here we show how the global patterns of virtual water transport are contributed by the trade of different commodity types, including plant, animal, luxury (e.g., coffee, tea, and alcohol, and other products. Major contributors to the virtual water network exhibit different trade patterns with regard to these commodity types. The net importers rely on the supply of virtual water from a small percentage of the global population. However, discrepancies exist among the different commodity networks. While the total virtual water flux through the network has increased between 1986 and 2010, the proportions associated with the four commodity groups have remained relatively stable. However, some of the major players have shown significant changes in the virtual water imports and exports associated with those commodity groups. For instance, China has switched from being a net exporter of virtual water associated with other products (non-edible plant and animal products typically used for manufacturing to being the largest importer, accounting for 31% of the total water virtually transported with these products. Conversely, in the case of The United states of America, the commodity proportions have remained overall unchanged throughout the study period: the virtual water exports from The United States of America are dominated by plant products, whereas the imports are comprised mainly of animal and luxury products.

How insiders traded before rules

NARCIS (Netherlands)

Braggion, F.; Moore, L.

2013-01-01

UK company insiders, such as directors, were legally allowed to trade in the shares of their own companies up until the Companies Act of 1980. This article investigates the trading behaviour of directors over the period 1890 to 1909 in the UK. It finds relatively few instances of directors who

Trade in water and commodities as adaptations to global change

Science.gov (United States)

Lammers, R. B.; Hertel, T. W.; Prousevitch, A.; Baldos, U. L. C.; Frolking, S. E.; Liu, J.; Grogan, D. S.

2015-12-01

The human capacity for altering the water cycle has been well documented and given the expected change due to population, income growth, biofuels, climate, and associated land use change, there remains great uncertainty in both the degree of increased pressure on land and water resources and in our ability to adapt to these changes. Alleviating regional shortages in water supply can be carried out in a spatial hierarchy through i) direct trade of water between all regions, ii) development of infrastructure to improve water availability within regions (e.g. impounding rivers), iii) via inter-basin hydrological transfer between neighboring regions and, iv) via virtual water trade. These adaptation strategies can be managed via market trade in water and commodities to identify those strategies most likely to be adopted. This work combines the physically-based University of New Hampshire Water Balance Model (WBM) with the macro-scale Purdue University Simplified International Model of agricultural Prices Land use and the Environment (SIMPLE) to explore the interaction of supply and demand for fresh water globally. In this work we use a newly developed grid cell-based version of SIMPLE to achieve a more direct connection between the two modeling paradigms of physically-based models with optimization-driven approaches characteristic of economic models. We explore questions related to the global and regional impact of water scarcity and water surplus on the ability of regions to adapt to future change. Allowing for a variety of adaptation strategies such as direct trade of water and expanding the built water infrastructure, as well as indirect trade in commodities, will reduce overall global water stress and, in some regions, significantly reduce their vulnerability to these future changes.

Today's virtual water consumption and trade under future water scarcity

International Nuclear Information System (INIS)

Orlowsky, B; Gudmundsson, L; Seneviratne, Sonia I; Hoekstra, A Y

2014-01-01

The populations of most nations consume products of both domestic and foreign origin, importing together with the products the water which is expended abroad for their production (termed ‘virtual water’). Therefore, any investigation of the sustainability of present-day water consumption under future climate change needs to consider the effects of potentially reduced water availability both on domestic water resources and on the trades of virtual water. Here we use combinations of Global Climate and Global Impact Models from the ISI–MIP ensemble to derive patterns of future water availability under the RCP2.6 and RCP8.5 greenhouse gas (GHG) concentrations scenarios. We assess the effects of reduced water availability in these scenarios on national water consumptions and virtual water trades through a simple accounting scheme based on the water footprint concept. We thereby identify countries where the water footprint within the country area is reduced due to a reduced within-area water availability, most prominently in the Mediterranean and some African countries. National water consumption in countries such as Russia, which are non-water scarce by themselves, can be affected through reduced imports from water scarce countries. We find overall stronger effects of the higher GHG concentrations scenario, although the model range of climate projections for single GHG concentrations scenarios is in itself larger than the differences induced by the GHG concentrations scenarios. Our results highlight that, for both investigated GHG concentration scenarios, the current water consumption and virtual water trades cannot be sustained into the future due to the projected patterns of reduced water availability. (letter)

Virtual water trade and time scales for loss of water sustainability: a comparative regional analysis.

Science.gov (United States)

Goswami, Prashant; Nishad, Shiv Narayan

2015-03-20

Assessment and policy design for sustainability in primary resources like arable land and water need to adopt long-term perspective; even small but persistent effects like net export of water may influence sustainability through irreversible losses. With growing consumption, this virtual water trade has become an important element in the water sustainability of a nation. We estimate and contrast the virtual (embedded) water trades of two populous nations, India and China, to present certain quantitative measures and time scales. Estimates show that export of embedded water alone can lead to loss of water sustainability. With the current rate of net export of water (embedded) in the end products, India is poised to lose its entire available water in less than 1000 years; much shorter time scales are implied in terms of water for production. The two cases contrast and exemplify sustainable and non-sustainable virtual water trade in long term perspective.

The fight against corruption in international trade: challenges and prospects for WTO rules

Directory of Open Access Journals (Sweden)

Luciana Dutra de Oliveira Silveira

2016-12-01

Full Text Available The economic globalization and market opening process initiated in the early 1990s generated several effects, among them, the growth of opportunities for the practice of corruption in the field of international trade. The present article addresses this debate aiming to discuss the challenges to improve multilateral anti-corruption rules and suggest possible mechanisms that allow a more engaged participation of the WTO in the anticorruption movement.

Virtual water flows in the international trade of agricultural products of China.

Science.gov (United States)

Zhang, Yu; Zhang, Jinhe; Tang, Guorong; Chen, Min; Wang, Lachun

2016-07-01

With the rapid development of the economy and population, water scarcity and poor water quality caused by water pollution have become increasingly severe in China. Virtual water trade is a useful tool to alleviate water shortage. This paper focuses on a comprehensive study of China's international virtual water flows from agricultural products trade and completes a diachronic analysis from 2001 to 2013. The results show that China was in trade surplus in relation to the virtual water trade of agricultural products. The exported virtual water amounted to 29.94billionm(3)/yr. while 155.55billionm(3)/yr. was embedded in imported products. The trend that China exported virtual water per year was on the decline while the imported was on a rising trend. Virtual water trade of China was highly concentrated. Not all of the exported products had comparative advantages in virtual water content. Imported products were excessively concentrated on water intensive agricultural products such as soya beans, cotton, and palm oil. The exported virtual water mainly flowed to the Republic of Korea, Hong Kong of China and Japan, while the imported mainly flowed from the United States of America, Brazil and Argentina. From the ethical point of view, the trade partners were classified into four types in terms of "net import" and "water abundance": mutual benefit countries, such as Australia and Canada; unilateral benefit countries, such as Mongolia and Norway; supported countries, such as Egypt and Singapore; and double pressure countries, such as India and Pakistan. Virtual water strategy refers to water resources, agricultural products and human beings. The findings are beneficial for innovating water resources management system, adjusting trade structure, ensuring food security in China, and promoting the construction of national ecological security system. Copyright © 2016 Elsevier B.V. All rights reserved.

Intra-EU agricultural trade, virtual water flows and policy implications.

Science.gov (United States)

Antonelli, M; Tamea, S; Yang, H

2017-06-01

The development of approaches to tackle the European Union (EU) water-related challenges and shift towards sustainable water management and use is one of the main objectives of Horizon 2020, the EU strategy to lead a smart, sustainable and inclusive growth. The EU is an increasingly water challenged area and is a major agricultural trader. As agricultural trade entails an exchange of water embodied in goods as a factor of production, this study investigates the region's water-food-trade nexus by analysing intra-regional virtual water trade (VWT) in agricultural products. The analysed period (1993-2011) comprises the enactment of the Water Framework Directive (WFD) in the year 2000. Aspects of the VWT that are relevant for the WFD are explored. The EU is a net importer of virtual water (VW) from the rest of the world, but intra-regional VWT represents 46% of total imports and 75% of total exports. Five countries account for 60% of total VW imports (Germany, France, Italy, The Netherlands, Belgium) and 65% of total VW exports (The Netherlands, France, Germany, Belgium and Spain). Intra-EU VWT more than doubled over the period considered, while trade with extra-EU countries did not show such a marked trend. In the same period, blue VWT increased significantly within the region and net import from the rest of the world slightly decreased. Water scarce countries, such as Spain and Italy, are major exporters of blue water in the region. The traded volumes of VW have been increasing almost monotonically over the years, and with a substantial increase after 2000. The overall trend in changes in VWT does not seem to be in accordance with the WFD goals. This study demonstrated that VWT analyses can help evaluate intertwining effects of water, agriculture and trade policies which are often made separately in respective sectors. Copyright © 2017 Elsevier B.V. All rights reserved.

Virtuous and vicious virtual water trade with application to Italy.

Directory of Open Access Journals (Sweden)

Julia Anna Winter

Full Text Available The current trade of agricultural goods, with connections involving all continents, entails for global exchanges of "virtual" water, i.e. water used in the production process of alimentary products, but not contained within. Each trade link translates into a corresponding virtual water trade, allowing quantification of import and export fluxes of virtual water. The assessment of the virtual water import for a given nation, compared to the national consumption, could give an approximate idea of the country's reliance on external resources from the food and the water resources point of view. A descriptive approach to the understanding of a nation's degree of dependency from overseas food and water resources is first proposed, and indices of water trade virtuosity, as opposed to inefficiency, are devised. Such indices are based on the concepts of self-sufficiency and relative export, computed systematically on all products from the FAOSTAT database, taking Italy as the first case study. Analysis of time series of the self-sufficiency and relative export can demonstrate effects of market tendencies and influence water-related policies at the international level. The goal of this approach is highlighting incongruent terms in the virtual water balances by the viewpoint of single products. Specific products, which are here referred to as "swap products", are in fact identified as those that lead to inefficiencies in the virtual water balance due to their contemporaneously high import and export. The inefficiencies due to the exchanges of the same products between two nations are calculated in terms of virtual water volumes. Furthermore, the cases of swap products are investigated by computing two further indexes denoting the ratio of virtual water exchanged in the swap and the ratio of the economic values of the swapped products. The analysis of these figures can help examine the reasons behind the swap phenomenon in trade.

Virtuous and vicious virtual water trade with application to Italy.

Science.gov (United States)

Winter, Julia Anna; Allamano, Paola; Claps, Pierluigi

2014-01-01

The current trade of agricultural goods, with connections involving all continents, entails for global exchanges of "virtual" water, i.e. water used in the production process of alimentary products, but not contained within. Each trade link translates into a corresponding virtual water trade, allowing quantification of import and export fluxes of virtual water. The assessment of the virtual water import for a given nation, compared to the national consumption, could give an approximate idea of the country's reliance on external resources from the food and the water resources point of view. A descriptive approach to the understanding of a nation's degree of dependency from overseas food and water resources is first proposed, and indices of water trade virtuosity, as opposed to inefficiency, are devised. Such indices are based on the concepts of self-sufficiency and relative export, computed systematically on all products from the FAOSTAT database, taking Italy as the first case study. Analysis of time series of the self-sufficiency and relative export can demonstrate effects of market tendencies and influence water-related policies at the international level. The goal of this approach is highlighting incongruent terms in the virtual water balances by the viewpoint of single products. Specific products, which are here referred to as "swap products", are in fact identified as those that lead to inefficiencies in the virtual water balance due to their contemporaneously high import and export. The inefficiencies due to the exchanges of the same products between two nations are calculated in terms of virtual water volumes. Furthermore, the cases of swap products are investigated by computing two further indexes denoting the ratio of virtual water exchanged in the swap and the ratio of the economic values of the swapped products. The analysis of these figures can help examine the reasons behind the swap phenomenon in trade.

Assessment of regional trade and virtual water flows in China

OpenAIRE

Dabo, G.; Hubacek, K.

2007-01-01

The success of Chinas economic development has left deep marks on resource availability and quality. Some regions in China are relatively poor with regards to water resources. This problem is exacerbated by economic growth. Flourishing trade activities on both domestic and international levels have resulted in significant amounts of water withdrawal and water pollution. Hence the goal of this paper is to evaluate the current inter-regional trade structure and its effects on water consumption ...

76 FR 64803 - Rules of Adjudication and Enforcement

Science.gov (United States)

2011-10-19

... INTERNATIONAL TRADE COMMISSION 19 CFR Part 210 [Docket No. MISC-032] Rules of Adjudication and Enforcement AGENCY: International Trade Commission ACTION: Final rule. SUMMARY: The United States International Trade Commission (``Commission'') amends its Rules of Practice and Procedure concerning rules of...

Optimal allocation of physical water resources integrated with virtual water trade in water scarce regions: A case study for Beijing, China.

Science.gov (United States)

Ye, Quanliang; Li, Yi; Zhuo, La; Zhang, Wenlong; Xiong, Wei; Wang, Chao; Wang, Peifang

2018-02-01

This study provides an innovative application of virtual water trade in the traditional allocation of physical water resources in water scarce regions. A multi-objective optimization model was developed to optimize the allocation of physical water and virtual water resources to different water users in Beijing, China, considering the trade-offs between economic benefit and environmental impacts of water consumption. Surface water, groundwater, transferred water and reclaimed water constituted the physical resource of water supply side, while virtual water flow associated with the trade of five major crops (barley, corn, rice, soy and wheat) and three livestock products (beef, pork and poultry) in agricultural sector (calculated by the trade quantities of products and their virtual water contents). Urban (daily activities and public facilities), industry, environment and agriculture (products growing) were considered in water demand side. As for the traditional allocation of physical water resources, the results showed that agriculture and urban were the two predominant water users (accounting 54% and 28%, respectively), while groundwater and surface water satisfied around 70% water demands of different users (accounting 36% and 34%, respectively). When considered the virtual water trade of eight agricultural products in water allocation procedure, the proportion of agricultural consumption decreased to 45% in total water demand, while the groundwater consumption decreased to 24% in total water supply. Virtual water trade overturned the traditional components of water supplied from different sources for agricultural consumption, and became the largest water source in Beijing. Additionally, it was also found that environmental demand took a similar percentage of water consumption in each water source. Reclaimed water was the main water source for industrial and environmental users. The results suggest that physical water resources would mainly satisfy the consumption

Informational Efficiency in the USD/KRW Spot Market: Some Evidence from a Joint Runs Test and Foreigners’ Trading Rule Profits

Directory of Open Access Journals (Sweden)

Changmo Ahn

2010-12-01

Full Text Available This paper examines whether the USD/KRW spot market is efficient in processing new information by employing both the Runs Test and the foreigners' securities trading rule profitability approach. Excluding the period of 2008 financial crisis, the USD/KRW spot market is efficient in terms of close rates, but not efficient in terms of open rates. The foreigners' securities trading rule can also produce statistically significant profits if the trades are based on open prices, though not high. This implies that traders can predict future exchange rates, to some degree, with the information on foreign net purchases of securities in the Korean stock/ bond markets. If we consider the related interest differentials and transaction costs, however, the profits fade out to marginal level or below. This result implies that traders can expect the existence of predictability in the USD/KRW spot market, but not profitability.

Virtual water trade and country vulnerability: A network perspective

Science.gov (United States)

Sartori, Martina; Schiavo, Stefano

2015-04-01

This work investigates the relationship between countries' participation in virtual water trade and their vulnerability to external shocks from a network perspective. In particular, we investigate whether (i) possible sources of local national crises may interact with the system, propagating through the network and affecting the other countries involved; (ii) the topological characteristics of the international agricultural trade network, translated into virtual water-equivalent flows, may favor countries' vulnerability to external crises. Our work contributes to the debate on the potential merits and risks associated with openness to trade in agricultural and food products. On the one hand, trade helps to ensure that even countries with limited water (and other relevant) resources have access to sufficient food and contribute to the global saving of water. On the other hand, there are fears that openness may increase the vulnerability to external shocks and thus make countries worse off. Here we abstract from political considerations about food sovereignty and independence from imports and focus instead on investigating whether the increased participation in global trade that the world has witnessed in the last 30 years has made the system more susceptible to large shocks. Our analysis reveals that: (i) the probability of larger supply shocks has not increased over time; (ii) the topological characteristics of the VW network are not such as to favor the systemic risk associated with shock propagation; and (iii) higher-order interconnections may reveal further important information about the structure of a network. Regarding the first result, fluctuations in output volumes, among the sources of shock analyzed here, are more likely to generate some instability. The first implication is that, on one side, past national or regional economic crises were not necessarily brought about or strengthened by global trade. The second, more remarkable, implication is that, on

33 CFR 89.27 - Waters upon which Inland Rule 24(i) applies.

Science.gov (United States)

2010-07-01

... 33 Navigation and Navigable Waters 1 2010-07-01 2010-07-01 false Waters upon which Inland Rule 24(i) applies. 89.27 Section 89.27 Navigation and Navigable Waters COAST GUARD, DEPARTMENT OF HOMELAND SECURITY INLAND NAVIGATION RULES INLAND NAVIGATION RULES: IMPLEMENTING RULES Waters Upon Which Certain...

Managing Water Sustainability: Virtual Water Flows and Economic Water Productivity Assessment of the Wine Trade between Italy and the Balkans

Directory of Open Access Journals (Sweden)

Pier Paolo Miglietta

2018-02-01

Full Text Available The management of natural resources in economic activities has become a fundamental issue when considering the perspective of sustainable development. It is necessary to rethink every process in order to reach efficiency from different points of view, not only environmentally but also economically. Water scarcity is growing because of economic and population growth, climate change, and the increasing water demand. Currently, agri-food represents the most water consumptive sector, and the increasing importance of international trade in this industry puts freshwater issues in a global context that should be analyzed and regulated by sustainable policies. This analysis is focused on virtual water flows and economic water productivity related to the wine trade, and aims to evaluate water loss/savings achieved through bilateral trade relations. The choice fell on Italy, the first wine producer in the world, and the Balkan countries. The latter are new markets for wine production/consumption, in which Italian wines are strongly positioned for different reasons. The results show that, from a national point of view and considering wine trade, Italy exports water in virtual form to the Balkan countries, more than it imports, so that in effect it partially uses its own water resources for the wine supply of the Balkans. The latter, on the other hand, being a net importer of wine, partially depends on Italian water resources and exerts less pressure on their own water basins in the supporting wine supply. We also observed that the wine trade between Italy and the Balkans implies global water savings.

Water conservation through trade: the case of Kenya

NARCIS (Netherlands)

Mekonnen, Mesfin; Hoekstra, Arjen Ysbert

2014-01-01

This study quantifies and maps the water footprint of Kenya from both production and consumption perspectives and estimates the country’s virtual water export and import. Kenya’s virtual water export related to trade in agricultural products was 4.1 km3/y; its virtual water import was 4.0 km3/y. The

Heuristic Portfolio Trading Rules with Capital Gain Taxes

DEFF Research Database (Denmark)

Fischer, Marcel; Gallmeyer, Michael

in some cases. Overlaying simple tax trading heuristics on these trading strategies improves out-of-sample performance. In particular, the 1/N trading strategy's welfare gains improve when a variety of tax trading heuristics are also imposed. For medium to large transaction costs, no trading strategy can...... outperform a 1/N trading strategy augmented with a tax heuristic, not even the most tax- and transaction-cost efficient buy-and-hold strategy. Overall, the best strategy is 1/N augmented with a heuristic that allows for a fixed deviation in absolute portfolio weights. Our results show that the best trading...

NONPOINT SOURCES AND WATER QUALITY TRADING

Science.gov (United States)

Management of nonpoint sources (NPS) of nutrients may reduce discharge levels more cost effectively than can additional controls on point sources (PS); water quality trading (WQT), where a PS buys nutrient or sediment reductions from an NPS, may be an alternative means for the PS...

Virtual water trade of agricultural products: A new perspective to explore the Belt and Road.

Science.gov (United States)

Zhang, Yu; Zhang, Jin-He; Tian, Qing; Liu, Ze-Hua; Zhang, Hong-Lei

2018-05-01

The Belt and Road is an initiative of cooperation and development that was proposed by China. Moreover, most of the spanning countries faced water shortages and agriculture consumed a lot of water. Virtual water links water, food and trade and is an effective tool to ease water shortages. Therefore, this paper aims to understand the Belt and Road from the new perspective of virtual water trade of agricultural products. We considered agricultural products trade from 2001 to 2015. On the whole, the results indicated that China was in virtual water trade surplus with the countries along the Belt and Road. However, in terms of each country, >40 spanning countries were in virtual water trade surplus with China and eased water shortages. Russia had the largest net imported virtual water from China. Furthermore, the proportion of the grey water footprint that China exported to the spanning countries was much higher than that imported, no matter from the whole or different geographical regions. Moreover, more than half of the countries' virtual water trade with China conformed to the virtual water strategy, which helped to ease water crises. Furthermore, the products that they exported to China were mainly advantageous products that each spanning countries have. Virtual water trade is a new perspective to explore the Belt and Road. Agricultural products trade with China definitely benefits both the countries along the Belt and Road and China from the perspective of virtual water. The findings are beneficial for the water management of the countries along the Belt and Road and China, alleviating water shortages, encouraging the rational allocation of water resources in the various departments. They can provide references for optimizing trade structures as well. Copyright © 2017 Elsevier B.V. All rights reserved.

76 FR 58716 - Telemarketing Sales Rule

Science.gov (United States)

2011-09-22

... FEDERAL TRADE COMMISSION 16 CFR Part 310 Telemarketing Sales Rule AGENCY: Federal Trade Commission... Telemarketing Sales Rule in the Federal Register on August 10, 2010 (75 FR 48458), with new provisions to..., Division of Marketing Practices, Bureau of Consumer Protection, Federal Trade Commission, Washington, DC...

Methods of Information Subjects and Objects Interaction Rules Formalization in the Electronic Trading Platform System

Directory of Open Access Journals (Sweden)

Emma Emanuilova Yandybaeva

2015-03-01

Full Text Available The methods of information subjects and objects interaction rules formalization in the electronic trading platform system has been developed. They are based on mathematical model of mandatory role-based access control. As a result of the work we have defined set of user roles and constructed roles hierarchy. For the roles hierarchy restrictions have been imposed to ensure the safety of the information system.

Critiquing the Transatlantic Trade and Investment Partnership (TTIP) : Systemic Consequences for Global Governance and the Rule of Law

NARCIS (Netherlands)

Larik, J.E.

2016-01-01

Considering the implications of the Transatlantic Trade and Investment Partnership (TTIP) for the architecture of global (economic) governance, including the international rule of law, the article addresses some of the most pertinent systemic consequences TTIP is likely to produce, based on the

Projections of Virtual Water Trade Under Agricultural Policy Scenarios in China

Science.gov (United States)

Dalin, C.; Hanasaki, N.; Qiu, H.; Mauzerall, D. L.; Rodriguez-Iturbe, I.

2014-12-01

China's economic growth is expected to continue into the next decades, accompanied by a sustained urbanization and industrialization. The associated increase in demand for land, water resources and rich foods will deepen the challenge to sustainably feed the population and balance environmental and agricultural policies. In previous work, Inner Mongolia was identified as a target province for trade or agricultural policies aimed at water-use efficiency improvements, due to its large production relying on particularly significant irrigation water use. In addition, water scarcity issues may arises in the greater Beijing area, which represents the largest urban area of arid Northern China. Increasing residential and industrial water demand in this region may lead to fewer available water for irrigation. For these reasons, it is important to estimate the impacts of specific policies aiming at reducing excessive water use for crop production in Inner Mongolia, as well as exploring ways to mitigate pressure on water resources in dry urban areas. In this study, we use socio-economic projections to assess the future state of China's virtual water trade (VWT) network. We then quantify the effects of agricultural policies on the national VWT system and on the efficiency of food trade in terms of water resources. This study addresses the following questions: (1) How future socio-economic changes will affect China's food trade and associated water transfers? (2) To which extent localized reductions of irrigated area can decrease agricultural water use while maintaining national food security? (3) How would these policies affect China's domestic and international VWT network and induced water resources savings (losses)?

Heuristic Portfolio Trading Rules with Capital Gain Taxes

DEFF Research Database (Denmark)

Fischer, Marcel; Gallmeyer, Michael

2016-01-01

We study the out-of-sample performance of portfolio trading strategies used when an investor faces capital gain taxation and proportional transaction costs. Overlaying simple tax trading heuristics on trading strategies improves out-of-sample performance. For medium to large transaction costs......, no trading strategy can outperform a 1/N trading strategy augmented with a tax heuristic, not even the most tax and transaction cost-efficient buy-and-hold strategy. Overall, the best strategy is 1/N augmented with a heuristic that allows for a fixed deviation in absolute portfolio weights. Our results thus...... show that the best trading strategies balance diversification considerations and tax considerations....

Labeling and advertising of home insulation. Final staff report to the Federal Trade Commission and proposed trade regulation rule (16 CFR Part 460)

Energy Technology Data Exchange (ETDEWEB)

1978-07-01

Because insulation is a very difficult product for uniformed consumers to evaluate, there has been broad support for a rule requiring disclosure of information facilitating choices among insulation products. With information that the Recommended Rule will require, consumers will be able to compare the thermal properties of various types of insulation and make the best purchases. The FTC undertook this rulemaking effort and proposed a Rule on November 18, 1977. Hearings were conducted. Approximately 50 witnesses representing insulation manufacturers, contractors, trade associations, consumer and environmental groups, and state and Federal government agencies attended. As the record shows, without the Rule, some insulation industry members have failed to base R-value claims on tests or have extrapolated values from too-thin samples. Neither labels nor ads disclose R values; most do not explain R value; and the industry is not telling consumers about factors that often reduce insulation R values. Consumers are seldom told about performance characteristics of individual types of insulation. They are not advised that insulation is not always a good investment, or that their money might be more wisely spent on other conservation measures. The Rule addresses all of these problems. All aspects of the insulation industry and some consumer characteristics are summarized. (MCW)

The INCOTERMS rules and their importance

Directory of Open Access Journals (Sweden)

Anca LAZĂR

2011-06-01

Full Text Available The content INCOTERMS are a set of rules that determine the rights and obligations of the international sales contract, selecting a rule of interpretation of commercial terms INCOTERMS, progress is the result of negotiation between the parties and expresses the ratio of these economic forces. In relation to the obligations of the parties to an international sales contract are several different types of contracts covered by the clause. To define the main rules INCOTERMS was considered as a starting point delivery of goods, establishment of the seller and the buyer2, the rules concerning the obligations of each party that are grouped into ten items with identical titles for all the rules. Due to significant developments in international trade, for making available to retailers in the interpretation of the rules commonly used trade terms in international trade, the International Chamber of Commerce in Paris draw a set of delivery conditions for their interpretation in international sales, rules that were in international trade practice some habits, but who were not of equal significance to traders in different countries.

Optimization of European call options considering physical delivery network and reservoir operation rules

Science.gov (United States)

Cheng, Wei-Chen; Hsu, Nien-Sheng; Cheng, Wen-Ming; Yeh, William W.-G.

2011-10-01

This paper develops alternative strategies for European call options for water purchase under hydrological uncertainties that can be used by water resources managers for decision making. Each alternative strategy maximizes its own objective over a selected sequence of future hydrology that is characterized by exceedance probability. Water trade provides flexibility and enhances water distribution system reliability. However, water trade between two parties in a regional water distribution system involves many issues, such as delivery network, reservoir operation rules, storage space, demand, water availability, uncertainty, and any existing contracts. An option is a security giving the right to buy or sell an asset; in our case, the asset is water. We extend a flow path-based water distribution model to include reservoir operation rules. The model simultaneously considers both the physical distribution network as well as the relationships between water sellers and buyers. We first test the model extension. Then we apply the proposed optimization model for European call options to the Tainan water distribution system in southern Taiwan. The formulation lends itself to a mixed integer linear programming model. We use the weighing method to formulate a composite function for a multiobjective problem. The proposed methodology provides water resources managers with an overall picture of water trade strategies and the consequence of each strategy. The results from the case study indicate that the strategy associated with a streamflow exceedence probability of 50% or smaller should be adopted as the reference strategy for the Tainan water distribution system.

Multi-Objective Optimization for Analysis of Changing Trade-Offs in the Nepalese Water-Energy-Food Nexus with Hydropower Development

DEFF Research Database (Denmark)

Dhaubanjar, Sanita; Davidsen, Claus; Bauer-Gottwein, Peter

2017-01-01

transmission constraints using an optimal power flow approach. Basin inflows, hydropower plant specifications, reservoir characteristics, reservoir rules, irrigation water demand, environmental flow requirements, power demand, and transmission line properties are provided as model inputs. The trade......-established water and power system models to develop a decision support tool combining multiple nexus objectives in a linear objective function. To demonstrate our framework, we compare eight Nepalese power development scenarios based on five nexus objectives: minimization of power deficit, maintenance of water...... availability for irrigation to support food self-sufficiency, reduction in flood risk, maintenance of environmental flows, and maximization of power export. The deterministic multi-objective optimization model is spatially resolved to enable realistic representation of the nexus linkages and accounts for power...

Preferential Trade Arrangements and the Pattern of Production and Trade when Inputs are Differentiated

NARCIS (Netherlands)

J.F. François (Joseph)

2005-01-01

textabstractThis paper is concerned with rules of origin when intermediate goods are differentiated. An analytical model emphasizes trade patterns and the relative importance of trade in intermediates given trade preferences. Econometric evidence based on intra-OECD trade in motor vehicles and motor

Globalisation of water: opportunities and threats of virtual water trade

NARCIS (Netherlands)

Chapagain, A.K.

2006-01-01

Where the river basin is generally seen as the appropriate unit for analyzing freshwater availability and use, it becomes increasingly important to put freshwater issues in a global context. The book analyses the opportunities and threats of international virtual water trade in the context of

Enhancing Efficiency of Water Supply – Product Market Competition versus Trade

OpenAIRE

Reto Foellmi; Urs Meister

2004-01-01

This paper analyses and compares potential efficiency gains induced by the introduction of product market competition and cross boarder trade in the piped water market. We argue that due to the specific circumstances in the water sector product market competition, i.e. competition by common carriage is not expected to be very intensive. The connection of networks could alternatively be used for cross boarder trade between neighboured water utilities. We show that competition by common carriag...

Recent evolution of China's virtual water trade: analysis of selected crops and considerations for policy

Science.gov (United States)

Shi, J.; Liu, J.; Pinter, L.

2014-04-01

China has dramatically increased its virtual water import over recent years. Many studies have focused on the quantity of traded virtual water, but very few go into analysing geographic distribution and the properties of China's virtual water trade network. This paper provides a calculation and analysis of the crop-related virtual water trade network of China based on 27 major primary crops between 1986 and 2009. The results show that China is a net importer of virtual water from water-abundant areas of North America and South America, and a net virtual water exporter to water-stressed areas of Asia, Africa, and Europe. Virtual water import is far larger than virtual water export, and in both import and export a small number of trade partners control the supply chain. Grain crops are the major contributors to virtual water trade, and among grain crops, soybeans, mostly imported from the US, Brazil and Argentina, are the most significant. In order to mitigate water scarcity and secure the food supply, virtual water should actively be incorporated into national water management strategies. And the sources of virtual water import need to be further diversified to reduce supply chain risks and increase resilience.

ENCOURAGING THE USE OF WETLANDS IN WATER QUALITY TRADING PROGRAMS

Science.gov (United States)

The interest in water quality trading (WQT) has grown in recent years because of its potential to meet nutrient reduction goals at lower costs. However, one problem identified by researchers in most WQT programs has been few actual trades, usually associated with low numbers of ...

Spatial organization and drivers of the virtual water trade: a community-structure analysis

International Nuclear Information System (INIS)

D’Odorico, Paolo; Carr, Joel; Laio, Francesco; Ridolfi, Luca

2012-01-01

The trade of agricultural commodities can be associated with a virtual transfer of the local freshwater resources used for the production of these goods. Thus, trade of food products virtually transfers large amounts of water from areas of food production to far consumption regions, a process termed the ‘globalization of water’. We consider the (time-varying) community structure of the virtual water network for the years 1986–2008. The communities are groups of countries with dense internal connections, while the connections are sparser among different communities. Between 1986 and 2008, the ratio between virtual water flows within communities and the total global trade of virtual water has continuously increased, indicating the existence of well defined clusters of virtual water transfers. In some cases (e.g. Central and North America and Europe in recent years) the virtual water communities correspond to geographically coherent regions, suggesting the occurrence of an ongoing process of regionalization of water resources. However, most communities also include countries located on different ‘sides’ of the world. As such, geographic proximity only partly explains the community structure of virtual water trade. Similarly, the global distribution of people and wealth, whose effect on the virtual water trade is expressed through simple ‘gravity models’, is unable to explain the strength of virtual water communities observed in the past few decades. A gravity model based on the availability of and demand for virtual water in different countries has higher explanatory power, but the drivers of the virtual water fluxes are yet to be adequately identified. (letter)

Recent evolution of China's virtual water trade: analysis of selected crops and considerations for policy

Science.gov (United States)

Shi, J.; Liu, J.; Pinter, L.

2013-09-01

China has dramatically increased its virtual water import unconsciously for recent years. Many studies have focused on the quantity of traded virtual water but very few go into analysing geographic distribution and the properties of China's virtual water trade network. This paper provides a calculation and analysis of the crop-related virtual water trade network of China based on 27 major primary crops between 1986 and 2009. The results show that China is a net importer of virtual water from water-abundant areas of North and South America, and a net virtual water exporter to water-stressed areas of Asia, Africa, and Europe. Virtual water import is far larger than virtual water export and in both import and export a small number of trade partners control the supply chain. Grain crops are the major contributors to virtual water trade, and among grain crops soybeans, mostly imported from the US, Brazil and Argentina are the most significant. As crop yield and crop water productivity in North and South America are generally higher than those in Asia and Africa, the effect of China's crop-related virtual water trade positively contributes to optimizing crop water use efficiency at the global scale. In order to mitigate water scarcity and secure the food supply, virtual water should be actively incorporated into national water management strategies. From the national perspective, China should reduce the export and increase the import of water-intensive crops. But the sources of virtual water import need to be further diversified to reduce supply chain risks and increase resilience.

Virtual water trade of agri-food products: Evidence from italian-chinese relations.

Science.gov (United States)

Lamastra, Lucrezia; Miglietta, Pier Paolo; Toma, Pierluigi; De Leo, Federica; Massari, Stefania

2017-12-01

At global scale, the majority of world water withdrawal is for the agricultural sector, with differences among countries depending on the relevance of agri-food sector in the economy. Virtual water and water footprint could be useful to express the impact on the water resources of each production process and good with the objective to lead to a sustainable use of water at a global level. International trade could be connected to the virtual water flows, in fact through commodities importation, water poor countries can save their own water resources. The present paper focuses on the bilateral virtual water flows connected to the top ten agri-food products traded between Italy and China. Comparing the virtual water flow related to the top 10 agri-food products, the virtual water flow from Italy to China is bigger than the water flow in the opposite direction. Moreover, the composition of virtual water flows is different; Italy imports significant amounts of grey water from China, depending on the different environmental strategies adopted by the two selected countries. This difference could be also related to the fact that traded commodities are very different; the 91% of virtual water imported by Italy is connected to crops products, while the 95% of virtual water imported by China is related to the animal products. Considering national water saving and global water saving, appears that Italy imports virtual water from China while China exerts pressure on its water resources to supply the exports to Italy. This result at global scale implies a global water loss of 129.29millionm3 because, in general, the agri-food products are traded from the area with lower water productivity to the area with the higher water productivity. Copyright © 2017 Elsevier B.V. All rights reserved.

National water, food, and trade modeling framework: The case of Egypt.

Science.gov (United States)

Abdelkader, A; Elshorbagy, A; Tuninetti, M; Laio, F; Ridolfi, L; Fahmy, H; Hoekstra, A Y

2018-05-22

This paper introduces a modeling framework for the analysis of real and virtual water flows at national scale. The framework has two components: (1) a national water model that simulates agricultural, industrial and municipal water uses, and available water and land resources; and (2) an international virtual water trade model that captures national virtual water exports and imports related to trade in crops and animal products. This National Water, Food & Trade (NWFT) modeling framework is applied to Egypt, a water-poor country and the world's largest importer of wheat. Egypt's food and water gaps and the country's food (virtual water) imports are estimated over a baseline period (1986-2013) and projected up to 2050 based on four scenarios. Egypt's food and water gaps are growing rapidly as a result of steep population growth and limited water resources. The NWFT modeling framework shows the nexus of the population dynamics, water uses for different sectors, and their compounding effects on Egypt's food gap and water self-sufficiency. The sensitivity analysis reveals that for solving Egypt's water and food problem non-water-based solutions like educational, health, and awareness programs aimed at lowering population growth will be an essential addition to the traditional water resources development solution. Both the national and the global models project similar trends of Egypt's food gap. The NWFT modeling framework can be easily adapted to other nations and regions. Copyright © 2018. Published by Elsevier B.V.

A Review of Economic Analyses on the World Trade Organization

Directory of Open Access Journals (Sweden)

Jee-Hyeong Park

2002-06-01

Full Text Available The GATT, which later became the WTO, has contributed to the expansion and activation of world trade by assisting trading partners to establish and enforce international trade rules through multilateral trade negotiations. Currently negotiations for new trade rules are contironing by launching Doha Round. This review intends to promote understanding of a basic analytical framework, upon which constructive debates and research have been conducted about the role of the WTO in the world trade regime. To achieve this goal, we provide a review of recent theoretical developments in studies on the role of the WTO regarding trade negotiations and rule enforcement, based on a commonly used model of trade in the literature. With respect to trade negotiations, we review a study of the effect of the reciprocity principle and most favored nation clause of the WTO on the outcome of trade negotiations and analyze the race-to-the-bottom concerns that the exclusive focus of the WTO on tariff negotiations will promote deterioration of environmental and labor standards. Regarding the rule of enforcement, we introduce the repeated game framework that is often used in the analysis of international trade rule enforcement, then discuss the studies on the role of safeguard provisions and the dispute settlement procedure of the WTO.

Water Resource Impacts Embedded in the Western US Electrical Energy Trade; Current Patterns and Adaptation to Future Drought

Science.gov (United States)

Adams, E. A.; Herron, S.; Qiu, Y.; Tidwell, V. C.; Ruddell, B. L.

2013-12-01

Water resources are a key element in the global coupled natural-human (CNH) system, because they are tightly coupled with the world's social, environmental, and economic subsystems, and because water resources are under increasing pressure worldwide. A fundamental adaptive tool used especially by cities to overcome local water resource scarcity is the outsourcing of water resource impacts through substitutionary economic trade. This is generally understood as the indirect component of a water footprint, and as ';virtual water' trade. This work employs generalized CNH methods to reveal the trade in water resource impacts embedded in electrical energy within the Western US power grid, and utilizes a general equilibrium economic trade model combined with drought and demand growth constraints to estimate the future status of this trade. Trade in embedded water resource impacts currently increases total water used for electricity production in the Western US and shifts water use to more water-limited States. Extreme drought and large increases in electrical energy demand increase the need for embedded water resource impact trade, while motivating a shift to more water-efficient generation technologies and more water-abundant generating locations. Cities are the largest users of electrical energy, and in the 21st Century will outsource a larger fraction of their water resource impacts through trade. This trade exposes cities to risks associated with disruption of long-distance transmission and distant hydrological droughts.

International Trade: Rules of Origin

National Research Council Canada - National Science Library

Jones, Vivian C; Martin, Michael F

2008-01-01

...), used to determine the country of origin of merchandise entering the U.S. market, can be very simple, noncontroversial tools of international trade as long as all of the parts of a product are manufactured and assembled primarily in one country...

Globalisation of water resources: International virtual water flows in relation to international crop trade

NARCIS (Netherlands)

Hoekstra, Arjen Ysbert; Hung, P.Q.

2005-01-01

The water that is used in the production process of a commodity is called the ‘virtual water’ contained in the commodity. International trade of commodities brings along international flows of virtual water. The objective of this paper is to quantify the volumes of virtual water flows between

Simulating water markets with transaction costs

Science.gov (United States)

Erfani, Tohid; Binions, Olga; Harou, Julien J.

2014-06-01

This paper presents an optimization model to simulate short-term pair-wise spot-market trading of surface water abstraction licenses (water rights). The approach uses a node-arc multicommodity formulation that tracks individual supplier-receiver transactions in a water resource network. This enables accounting for transaction costs between individual buyer-seller pairs and abstractor-specific rules and behaviors using constraints. Trades are driven by economic demand curves that represent each abstractor's time-varying water demand. The purpose of the proposed model is to assess potential hydrologic and economic outcomes of water markets and aid policy makers in designing water market regulations. The model is applied to the Great Ouse River basin in Eastern England. The model assesses the potential weekly water trades and abstractions that could occur in a normal and a dry year. Four sectors (public water supply, energy, agriculture, and industrial) are included in the 94 active licensed water diversions. Each license's unique environmental restrictions are represented and weekly economic water demand curves are estimated. Rules encoded as constraints represent current water management realities and plausible stakeholder-informed water market behaviors. Results show buyers favor sellers who can supply large volumes to minimize transactions. The energy plant cooling and agricultural licenses, often restricted from obtaining water at times when it generates benefits, benefit most from trades. Assumptions and model limitations are discussed. This article was corrected on 13 JUN 2014. See the end of the full text for details.

EQUITY EVALUATION OF PADDY IRRIGATION WATER DISTRIBUTION BY SOCIETY-JUSTICE-WATER DISTRIBUTION RULE HYPOTHESIS

Science.gov (United States)

Tanji, Hajime; Kiri, Hirohide; Kobayashi, Shintaro

When total supply is smaller than total demand, it is difficult to apply the paddy irrigation water distribution rule. The gap must be narrowed by decreasing demand. Historically, the upstream served rule, rotation schedule, or central schedule weight to irrigated area was adopted. This paper proposes the hypothesis that these rules are dependent on social justice, a hypothesis called the "Society-Justice-Water Distribution Rule Hypothesis". Justice, which means a balance of efficiency and equity of distribution, is discussed under the political philosophy of utilitarianism, liberalism (Rawls), libertarianism, and communitarianism. The upstream served rule can be derived from libertarianism. The rotation schedule and central schedule can be derived from communitarianism. Liberalism can provide arranged schedule to adjust supply and demand based on "the Difference Principle". The authors conclude that to achieve efficiency and equity, liberalism may provide the best solution after modernization.

Water exchange traded funds: A study on idiosyncratic risk using Markov switching analysis

Directory of Open Access Journals (Sweden)

Gurudeo Anand Tularam

2016-12-01

Full Text Available We investigate the relationship between idiosyncratic risk and return among four water exchange traded funds—PowerShares Water Resources Portfolio, Power Shares Global Water, First Trust ISE Water Index Fund, and Guggenheim S&P Global Water Index ETF using the Markov switching model for the period 2007–2015. The generated transition probabilities in this paper show that there is a high and low probability of switching between Regimes 1 and 3, respectively. Moreover, we find that the idiosyncratic risk for most of the exchange traded funds move from low volatility (Regime 2 to very low volatility (Regime 1 and 3. Our study also identify that the beta coefficients are positive and entire values are less than 1. Thus, it seems that water investment has a lower systematic risk and a positive effect on the water exchange traded index funds returns during different regimes.

A trade balance

DEFF Research Database (Denmark)

Daugbjerg, Carsten; Kay, Adrian

2014-01-01

The establishment of the World Trade Organization (WTO) has been widely accepted as representing the legalisation of world trading rules. However, it is important to reflect on the limits of this legalisation thesis in terms of the interface between international and domestic policy processes. By...

Water Quality Trading when Nonpoint Pollution Loads are Stochastic

OpenAIRE

Ghosh, Gaurav; Shortle, James

2009-01-01

We compare two tradable permit markets in their ability to meet a stated environmental target at least cost when some polluters have stochastic and non-measurable emissions. The environmental target is of the safety-first type, which requires probabilistic emissions control. One market is built around the trading ratio, which defines the substitution rate between stochastic and deterministic pollution, and is modeled on existing markets for water quality trading. The other market is built aro...

Regional trade agreements & procurement rules : facilitators or hindrances?

OpenAIRE

ANDERSON, Robert D.; MÜLLER, Anna Caroline; PELLETIER, Philippe

2015-01-01

This Working Paper considers the significance of government procurement chapters in regional trade agreements (RTAs), both in their own right and vis-à-vis the WTO Agreement on Government Procurement (GPA). The paper finds, inter alia, that: (i) a strong complementarity exists between government procurement trade commitments and general goods and services trade commitments, making integration of procurement commitments in a more general system such as the WTO Agreements desirable; (ii) govern...

A Review of Economic Analyses on the World Trade Organization

OpenAIRE

Jee-Hyeong Park

2002-01-01

The GATT, which later became the WTO, has contributed to the expansion and activation of world trade by assisting trading partners to establish and enforce international trade rules through multilateral trade negotiations. Currently negotiations for new trade rules are contironing by launching Doha Round. This review intends to promote understanding of a basic analytical framework, upon which constructive debates and research have been conducted about the role of the WTO in the world trade re...

Government Procurement : Market Access, Transparency, and Multilateral Trade Rules

OpenAIRE

Evenett, Simon J.; Hoekman, Bernard M.

2004-01-01

The authors examine the effects on national welfare and market access of two public procurement practices-discrimination against foreign suppliers of goods and services and nontransparency of the procedures used to allocate government contracts to firms. Both types of policies have become prominent in international trade negotiations, including the Doha Round of the World Trade Organization (WTO) trade talks. Traditionally, the focus of international trade agreements has been on market access...

Virtual water trade patterns in relation to environmental and socioeconomic factors : A case study for Tunisia

NARCIS (Netherlands)

Chouchane, Hatem; Krol, Martinus S.; Hoekstra, Arjen Y.

2018-01-01

Growing water demands put increasing pressure on local water resources, especially in water-short countries. Virtual water trade can play a key role in filling the gap between local demand and supply of water-intensive commodities. This study aims to analyse the dynamics in virtual water trade of

Foreign trade and pollution: the case of South China water quality

Science.gov (United States)

Zuo, Hui; Ai, Danxiang; Lin, Yuling

2017-01-01

With rapid economic growth, South China has to face the most serious water pollution. However, whether or not such kind of water pollution is mainly caused by foreign trade is questionable. And, how the trade mode will be changed by pollution and corresponding regulation is also uncertain. In this paper, a fully endogenous model, which integrate economic growth, energy use and pollution, is designed to interpret the interrelation among these key variables in South China. Through this model, a new possibility of water environment Kuznets curve change has been investigated. Attribute to mixed two stage feasible general least square estimation method, we conclude that foreign trade has strong influence on environment change rate and the turning point. It can make the virtuous circle of between economic growth and environment improvement come early or later in different circumstances. Export and import play different role in such process and have counter effects on environment.

Analyses of impacts of China's international trade on its water resources and uses

Science.gov (United States)

Zhang, Z. Y.; Yang, H.; Shi, M. J.; Zehnder, A. J. B.; Abbaspour, K. C.

2011-04-01

This study provides an insight into the impact of China's international trade of goods and services on its water resources and uses. Virtual water flows associated with China's international trade are quantified in an input-output framework. The analysis is scaled down to the sectoral and provincial levels to trace the origins and destinations of virtual water flows associated with the international trade. The results reveal that China is a net virtual water exporter of 4.7 × 1010 m3 year-1, accounting for 2.1% of its total water resources and 8.9% of the total water use. Water scarce regions tend to have higher percentages of virtual water export relative to their water resources and water uses. In the water scarce Huang-Huai-Hai region, the net virtual water export accounts for 7.9% of the region's water resources and 11.2% of its water uses. For individual sectors, major net virtual water exporters are those where agriculture provides raw materials in the initial process of the production chain and/or pollution intensity is high. The results suggest that China's economic gains from being a world "manufacture factory" have come at a high cost to its water resources and through pollution to its environment.

Water, Energy, and Food Nexus: Modeling of Inter-Basin Resources Trading

Science.gov (United States)

KIm, T. W.; Kang, D.; Wicaksono, A.; Jeong, G.; Jang, B. J.; Ahn, J.

2016-12-01

The water, energy, and food (WEF) nexus is an emerging issue in the concern of fulfilling the human requirements with a lack of available resources. The WEF nexus concept arises to develop a sustainable resources planning and management. In the concept, the three valuable resources (i.e. water, energy, and food) are inevitably interconnected thus it becomes a challenge for researchers to understand the complicated interdependency. A few studies have been committed for interpreting and implementing the WEF nexus using a computer based simulation model. Some of them mentioned that a trade-off is one alternative solution that can be taken to secure the available resources. Taking a concept of inter-basin water transfer, this study attempts to introduce an idea to develop a WEF nexus model for inter-basin resources trading simulation. Using the trading option among regions (e.g., cities, basins, or even countries), the model provides an opportunity to increase overall resources availability without draining local resources. The proposed model adopted the calculation process of an amount of water, energy, and food from a nation-wide model, with additional input and analysis process to simulate the resources trading between regions. The proposed model is applied for a hypothetic test area in South Korea for demonstration purposes. It is anticipated that the developed model can be a decision tool for efficient resources allocation for sustainable resources management. Acknowledgements This study was supported by a grant (14AWMP-B082564-01) from Advanced Water Management Research Program funded by Ministry of Land, Infrastructure and Transport of the Korean government.

THE WORLD TRADE ORGANIZATION (WTO FREE TRADE WITHIN FAIR TRADE CHALLENGES

Directory of Open Access Journals (Sweden)

M. Ya’kub Aiyub Kadir

2014-06-01

Full Text Available Free trade and fair trade are considered an ambiguous term with relative meanings of identification. Objectively, free and fair trade does not mean completely free and fair, but it means trade under binding rules obeyed by member countries as a consequence of their commitment after signing and ratification of the WTO agreements. Hence, this paper aims at exploring the issue and does an effort to harmonise between free trade and fair trade within the WTO system. Perdagangan bebas dan perdagangan yang adil adalah dua istilah yang ambigu maknanya. Secara obyektif, perdagangan bebas tidak bermakna bebas dan adil seluruhnya, tetapi bermakna sebuah perdagangan di bawah aturan-aturan mengikat setelah negara anggota menandatangani dan meratifikasi kesepakatan WTO. Tetapi dalam realitas kebanyakan Negara, terutama negara berkembang tidak mampu untuk membuka pasar dan menurunkan tarif secara keseluruhan. Persoalan tidak berimbangnya kekuatan, kurang demokrasi, krisis legitimasi dan dobel standar dalam WTO sistem merupakan sebuah tantangan yang masih berlanjut. Paper ini akan mengkaji persoalan ini dan berupaya mengharmonisasikan antara perdagangan bebas dan adil dalam sistem WTO.

THE WORLD TRADE ORGANIZATION (WTO FREE TRADE WITHIN FAIR TRADE CHALLENGES

Directory of Open Access Journals (Sweden)

M. Ya’kub Aiyub Kadir

2014-06-01

Full Text Available Free trade and fair trade are considered an ambiguous term with relative meanings of identification. Objectively, free and fair trade does not mean completely free and fair, but it means trade under binding rules obeyed by member countries as a consequence of their commitment after signing and ratification of the WTO agreements. Hence, this paper aims at exploring the issue and does an effort to harmonise between free trade and fair trade within the WTO system.   Perdagangan bebas dan perdagangan yang adil adalah dua istilah yang ambigu maknanya. Secara obyektif, perdagangan bebas tidak bermakna bebas dan adil seluruhnya, tetapi bermakna sebuah perdagangan di bawah aturan-aturan mengikat setelah negara anggota menandatangani dan meratifikasi kesepakatan WTO. Tetapi dalam realitas kebanyakan Negara, terutama negara berkembang tidak mampu untuk membuka pasar dan menurunkan tarif secara keseluruhan. Persoalan tidak berimbangnya kekuatan, kurang demokrasi, krisis legitimasi dan dobel standar dalam WTO sistem merupakan sebuah tantangan yang masih berlanjut. Paper ini akan mengkaji persoalan ini dan berupaya mengharmonisasikan antara perdagangan bebas dan adil dalam sistem WTO.

Economic, social and resource management factors influencing groundwater trade: Evidence from Victoria, Australia

Science.gov (United States)

Gill, Bruce; Webb, John; Stott, Kerry; Cheng, Xiang; Wilkinson, Roger; Cossens, Brendan

2017-07-01

In Victoria, Australia, most groundwater resources are now fully allocated and opportunities for new groundwater development can only occur through trading of license entitlements. Groundwater usage has rarely exceeded 50% of the available licensed volume, even in the 2008/9 drought year, and 50 to 70% of individual license holders use less than 5% of their allocation each year. However, little groundwater trading is occurring at present. Interviews were conducted with groundwater license holders and water brokers to investigate why the Victorian groundwater trade market is underdeveloped. Responses show there is a complex mix of social, economic, institutional and technical reasons. Barriers to trade are influenced by the circumstances of each groundwater user, administrative process and resource management rules. Water brokers deal with few trades at low margins and noted unrealistic selling prices and administrative difficulties. Irrigators who have successfully traded identify that there are few participants in trading, technical appraisals are expensive and administrative requirements and fees are burdensome, especially when compared to surface water trading. Opportunities to facilitate trade include groundwater management plan refinement and improved information provision. Simplifying transaction processes and costs, demonstrating good resource stewardship and preventing third party impacts from trade could address some concerns raised by market participants. There are, however, numerous individual circumstances that inhibit groundwater trading, so it is unlikely that policy and process changes alone could increase usage rates without greater demand for groundwater or more favourable farming economic circumstances.

Impact of Operating Rules on Planning Capacity Expansion of Urban Water Supply Systems

Science.gov (United States)

de Neufville, R.; Galelli, S.; Tian, X.

2017-12-01

This study addresses the impact of operating rules on capacity planning of urban water supply systems. The continuous growth of metropolitan areas represents a major challenge for water utilities, which often rely on industrial water supply (e.g., desalination, reclaimed water) to complement natural resources (e.g., reservoirs). These additional sources increase the reliability of supply, equipping operators with additional means to hedge against droughts. How do their rules for using industrial water supply impact the performance of water supply system? How might it affect long-term plans for capacity expansion? Possibly significantly, as demonstrated by the analysis of the operations and planning of a water supply system inspired by Singapore. Our analysis explores the system dynamics under multiple inflow and management scenarios to understand the extent to which alternative operating rules for the use of industrial water supply affect system performance. Results first show that these operating rules can have significant impact on the variability in system performance (e.g., reliability, energy use) comparable to that of hydro-climatological conditions. Further analyses of several capacity expansion exercises—based on our original hydrological and management scenarios—show that operating rules significantly affect the timing and magnitude of critical decisions, such as the construction of new desalination plants. These results have two implications: Capacity expansion analysis should consider the effect of a priori uncertainty about operating rules; and operators should consider how their flexibility in operating rules can affect their perceived need for capacity.

Economic Time Series Modeling to Determine the Feasibility of Incorporating Drinking Water Treatment in Water Quality Trading

Science.gov (United States)

The critical steps required to evaluating the feasiblity of establishing a water quality trading market in a testbed watershed is described. Focus is given toward describing the problem of thin markets as a specifi barrier to successful trading. Economic theory for considering an...

Water resources conservation and nitrogen pollution reduction under global food trade and agricultural intensification

NARCIS (Netherlands)

Liu, Wenfeng; Yang, Hong; Liu, Yu; Kummu, Matti; Hoekstra, Arjen Y.; Liu, Junguo; Schulin, Rainer

2018-01-01

Global food trade entails virtual flows of agricultural resources and pollution across countries. Here we performed a global-scale assessment of impacts of international food trade on blue water use, total water use, and nitrogen (N) inputs and on N losses in maize, rice, and wheat production. We

Globalization of water and food through international trade: impacts on food security, resilience and justice

Science.gov (United States)

D'Odorico, P.; Carr, J. A.; Seekell, D. A.; Suweis, S. S.

2015-12-01

The global distribution of water resources in general depends on geographic conditions but can be (virtually) modified by humans through mechanisms of globalization, such as trade, that make food commodities available to populations living far from the production regions. While trade is expected to improve access to food and (virtual) water, its impact on the global food system and its vulnerability to shocks remains poorly understood. It is also unclear who benefits from trade and whether it contributes to inequality and justice in resource redistribution. We reconstruct the global patterns of food trade and show with a simple model how the ongoing intensification of imports and exports has eroded the resilience of the global food system. Drawing on human rights theory, we investigate the relationship between inequality and injustice in access to water and food. We assess the fulfillment of positive and negative water and food rights and evaluate the obligations arising from the need to ensure that these rights are met throughout the world. We find that trade enhances the vulnerability to shocks but overall increase the number of people whose water and food rights are met.

Framework Design and Influencing Factor Analysis of a Water Environmental Functional Zone-Based Effluent Trading System

Science.gov (United States)

Chen, Lei; Han, Zhaoxing; Li, Shuang; Shen, Zhenyao

2016-10-01

The efficacy of traditional effluent trading systems is questionable due to their neglect of seasonal hydrological variation and the creation of upstream hot spots within a watershed. Besides, few studies have been conducted to distinguish the impacts of each influencing factor on effluent trading systems outputs. In this study, a water environmental functional zone-based effluent trading systems framework was configured and a comprehensive analysis of its influencing factors was conducted. This proposed water environmental functional zone-based effluent trading systems was then applied for the control of chemical oxygen demand in the Beiyun River watershed, Beijing, China. Optimal trading results highlighted the integration of water quality constraints and different hydrological seasons, especially for downstream dischargers. The optimal trading of each discharger, in terms of pollutant reduction load and abatement cost, is greatly influenced by environmental and political factors such as background water quality, the location of river assessment points, and tradable discharge permits. In addition, the initial permit allowance has little influence on the market as a whole but does impact the individual discharger. These results provide information that is critical to understanding the impact of policy design on the functionality of an effluent trading systems.

Framework Design and Influencing Factor Analysis of a Water Environmental Functional Zone-Based Effluent Trading System.

Science.gov (United States)

Chen, Lei; Han, Zhaoxing; Li, Shuang; Shen, Zhenyao

2016-10-01

The efficacy of traditional effluent trading systems is questionable due to their neglect of seasonal hydrological variation and the creation of upstream hot spots within a watershed. Besides, few studies have been conducted to distinguish the impacts of each influencing factor on effluent trading systems outputs. In this study, a water environmental functional zone-based effluent trading systems framework was configured and a comprehensive analysis of its influencing factors was conducted. This proposed water environmental functional zone-based effluent trading systems was then applied for the control of chemical oxygen demand in the Beiyun River watershed, Beijing, China. Optimal trading results highlighted the integration of water quality constraints and different hydrological seasons, especially for downstream dischargers. The optimal trading of each discharger, in terms of pollutant reduction load and abatement cost, is greatly influenced by environmental and political factors such as background water quality, the location of river assessment points, and tradable discharge permits. In addition, the initial permit allowance has little influence on the market as a whole but does impact the individual discharger. These results provide information that is critical to understanding the impact of policy design on the functionality of an effluent trading systems.

Hamburg rules V Hague Visby rules an English perspective

OpenAIRE

Tozaj Dorian; Xhelilaj Ermal

2010-01-01

It has often been argued for the effect of defences provided to carriers under Art IV (2) of Hague Visby Rules to almost nullify the protection guaranteed to shippers in other provisions of this convention. Therefore an all embracing universal shipper friendly convention, merely the Hamburg Rules, need be incorporated in all countries in order to address this issue and fully satisfy the intentions of the parties for the establishment of international rules in international trade

Potential Implications of Approaches to Climate Change on the Clean Water Rule Definition of "Waters of the United States".

Science.gov (United States)

Faust, Derek R; Moore, Matthew T; Emison, Gerald Andrews; Rush, Scott A

2016-05-01

The 1972 Clean Water Act was passed to protect chemical, physical, and biological integrity of United States' waters. The U.S. Environmental Protection Agency and U.S. Army Corps of Engineers codified a new "waters of the United States" rule on June 29, 2015, because several Supreme Court case decisions caused confusion with the existing rule. Climate change could affect this rule through connectivity between groundwater and surface waters; floodplain waters and the 100-year floodplain; changes in jurisdictional status; and sea level rise on coastal ecosystems. Four approaches are discussed for handling these implications: (1) "Wait and see"; (2) changes to the rule; (3) use guidance documents; (4) Congress statutorily defining "waters of the United States." The approach chosen should be legally defensible and achieved in a timely fashion to provide protection to "waters of the United States" in proactive consideration of scientifically documented effects of climate change on aquatic ecosystems.

78 FR 43974 - Energy and Water Use Labeling for Consumer Products Under the Energy Policy and Conservation Act...

Science.gov (United States)

2013-07-23

... FEDERAL TRADE COMMISSION 16 CFR Part 305 [3084-AB15] Energy and Water Use Labeling for Consumer Products Under the Energy Policy and Conservation Act (Energy Labeling Rule) AGENCY: Federal Trade...'') in 1979,\\1\\ pursuant to the Energy Policy and Conservation Act of 1975 (EPCA).\\2\\ The Rule requires...

The effect of inter-annual variability of consumption, production, trade and climate on crop-related green and blue water footprints and inter-regional virtual water trade: A study for China (1978-2008).

Science.gov (United States)

Zhuo, La; Mekonnen, Mesfin M; Hoekstra, Arjen Y

2016-05-01

Previous studies into the relation between human consumption and indirect water resources use have unveiled the remote connections in virtual water (VW) trade networks, which show how communities externalize their water footprint (WF) to places far beyond their own region, but little has been done to understand variability in time. This study quantifies the effect of inter-annual variability of consumption, production, trade and climate on WF and VW trade, using China over the period 1978-2008 as a case study. Evapotranspiration, crop yields and green and blue WFs of crops are estimated at a 5 × 5 arc-minute resolution for 22 crops, for each year in the study period, thus accounting for climate variability. The results show that crop yield improvements during the study period helped to reduce the national average WF of crop consumption per capita by 23%, with a decreasing contribution to the total from cereals and increasing contribution from oil crops. The total consumptive WFs of national crop consumption and crop production, however, grew by 6% and 7%, respectively. By 2008, 28% of total water consumption in crop fields in China served the production of crops for export to other regions and, on average, 35% of the crop-related WF of a Chinese consumer was outside its own province. Historically, the net VW within China was from the water-rich South to the water-scarce North, but intensifying North-to-South crop trade reversed the net VW flow since 2000, which amounted 6% of North's WF of crop production in 2008. South China thus gradually became dependent on food supply from the water-scarce North. Besides, during the whole study period, China's domestic inter-regional VW flows went dominantly from areas with a relatively large to areas with a relatively small blue WF per unit of crop, which in 2008 resulted in a trade-related blue water loss of 7% of the national total blue WF of crop production. The case of China shows that domestic trade, as governed by

Ukraine's Membership in the World Trade Organization

Directory of Open Access Journals (Sweden)

Sergio Marchi

2004-02-01

Full Text Available The WTO is a multilateral organization that seeks to ensure that international trade relations are governed by the rule of law and not by the rule of power. It comprises a network of contractual rules and commitments capable of being monitored and enforced multilaterally. Ukraine’s accession to the WTO has been marked by notable achievements in the areas of legislation and bilateral agreements with member-states regarding market access. Outstanding issues in Ukraine’s accession include agriculture, industry policy, trade-related investment measures (TRIMs, technical barriers to trade (TBT, sanitary and phyto-sanitary (SPS measures, and intellectual property rights. While completion of the process relies on Ukraine’s efforts alone, progress is being made and is expected to reach a successful conclusion.

Hedging Rules for Water Supply Reservoir Based on the Model of Simulation and Optimization

Directory of Open Access Journals (Sweden)

Yi Ji

2016-06-01

Full Text Available This study proposes a hedging rule model which is composed of a two-period reservior operation model considering the damage depth and hedging rule parameter optimization model. The former solves hedging rules based on a given poriod’s water supply weighting factor and carryover storage target, while the latter optimization model is used to optimize the weighting factor and carryover storage target based on the hedging rules. The coupling model gives the optimal poriod’s water supply weighting factor and carryover storage target to guide release. The conclusions achieved from this study as follows: (1 the water supply weighting factor and carryover storage target have a direct impact on the three elements of the hedging rule; (2 parameters can guide reservoirs to supply water reasonably after optimization of the simulation and optimization model; and (3 in order to verify the utility of the hedging rule, the Heiquan reservoir is used as a case study and particle swarm optimization algorithm with a simulation model is adopted for optimizing the parameter. The results show that the proposed hedging rule can improve the operation performances of the water supply reservoir.

Consumptive water footprint and virtual water trade scenarios for China - With a focus on crop production, consumption and trade.

Science.gov (United States)

Zhuo, La; Mekonnen, Mesfin M; Hoekstra, Arjen Y

2016-09-01

The study assesses green and blue water footprints (WFs) and virtual water (VW) trade in China under alternative scenarios for 2030 and 2050, with a focus on crop production, consumption and trade. We consider five driving factors of change: climate, harvested crop area, technology, diet, and population. Four scenarios (S1-S4) are constructed by making use of three of IPCC's shared socio-economic pathways (SSP1-SSP3) and two of IPCC's representative concentration pathways (RCP 2.6 and RCP 8.5) and taking 2005 as the baseline year. Results show that, across the four scenarios and for most crops, the green and blue WFs per tonne will decrease compared to the baseline year, due to the projected crop yield increase, which is driven by the higher precipitation and CO2 concentration under the two RCPs and the foreseen uptake of better technology. The WF per capita related to food consumption decreases in all scenarios. Changing to the less-meat diet can generate a reduction in the WF of food consumption of 44% by 2050. In all scenarios, as a result of the projected increase in crop yields and thus overall growth in crop production, China will reverse its role from net VW importer to net VW exporter. However, China will remain a big net VW importer related to soybean, which accounts for 5% of the WF of Chinese food consumption (in S1) by 2050. All scenarios show that China could attain a high degree of food self-sufficiency while simultaneously reducing water consumption in agriculture. However, the premise of realizing the presented scenarios is smart water and cropland management, effective and coherent policies on water, agriculture and infrastructure, and, as in scenario S1, a shift to a diet containing less meat. Copyright © 2016 Elsevier Ltd. All rights reserved.

THE LEGAL CAPACITY TO TRADE

OpenAIRE

ADELIN UNGUREANU

2014-01-01

Trading is a part of our society. The man has been trading from ancient times so the amount of trades and transactions around the world is huge. In order for us to initiate, organize and deploy such trades we have to have certain rules which can help regulate the social and professional or legal aspect of trades. Therefore the sole trader capacity must be obtained and used in order for the contracts to be valid. The right and obligations that come with this capacity constitute activities t...

Scalability of a Methodology for Generating Technical Trading Rules with GAPs Based on Risk-Return Adjustment and Incremental Training

Science.gov (United States)

de La Cal, E. A.; Fernández, E. M.; Quiroga, R.; Villar, J. R.; Sedano, J.

In previous works a methodology was defined, based on the design of a genetic algorithm GAP and an incremental training technique adapted to the learning of series of stock market values. The GAP technique consists in a fusion of GP and GA. The GAP algorithm implements the automatic search for crisp trading rules taking as objectives of the training both the optimization of the return obtained and the minimization of the assumed risk. Applying the proposed methodology, rules have been obtained for a period of eight years of the S&P500 index. The achieved adjustment of the relation return-risk has generated rules with returns very superior in the testing period to those obtained applying habitual methodologies and even clearly superior to Buy&Hold. This work probes that the proposed methodology is valid for different assets in a different market than previous work.

78 FR 10269 - National Primary Drinking Water Regulations: Revisions to the Total Coliform Rule

Science.gov (United States)

2013-02-13

... Illness CWS--Community Water System DBP--Disinfection Byproduct DWC--Drinking Water Committee EA--Economic... 141 and 142 National Primary Drinking Water Regulations: Revisions to the Total Coliform Rule; Final...-9684-8] RIN 2040-AD94 National Primary Drinking Water Regulations: Revisions to the Total Coliform Rule...

33 CFR 162.132 - Connecting waters from Lake Huron to Lake Erie; communications rules.

Science.gov (United States)

2010-07-01

... 33 Navigation and Navigable Waters 2 2010-07-01 2010-07-01 false Connecting waters from Lake Huron to Lake Erie; communications rules. 162.132 Section 162.132 Navigation and Navigable Waters COAST... NAVIGATION REGULATIONS § 162.132 Connecting waters from Lake Huron to Lake Erie; communications rules. (a...

33 CFR 162.140 - Connecting waters from Lake Huron to Lake Erie; miscellaneous rules.

Science.gov (United States)

2010-07-01

... 33 Navigation and Navigable Waters 2 2010-07-01 2010-07-01 false Connecting waters from Lake Huron to Lake Erie; miscellaneous rules. 162.140 Section 162.140 Navigation and Navigable Waters COAST... NAVIGATION REGULATIONS § 162.140 Connecting waters from Lake Huron to Lake Erie; miscellaneous rules. (a...

Simulation of operating rules and discretional decisions using a fuzzy rule-based system integrated into a water resources management model

Science.gov (United States)

Macian-Sorribes, Hector; Pulido-Velazquez, Manuel

2013-04-01

Water resources systems are operated, mostly, using a set of pre-defined rules not regarding, usually, to an optimal allocation in terms of water use or economic benefits, but to historical and institutional reasons. These operating policies are reproduced, commonly, as hedging rules, pack rules or zone-based operations, and simulation models can be used to test their performance under a wide range of hydrological and/or socio-economic hypothesis. Despite the high degree of acceptation and testing that these models have achieved, the actual operation of water resources systems hardly follows all the time the pre-defined rules with the consequent uncertainty on the system performance. Real-world reservoir operation is very complex, affected by input uncertainty (imprecision in forecast inflow, seepage and evaporation losses, etc.), filtered by the reservoir operator's experience and natural risk-aversion, while considering the different physical and legal/institutional constraints in order to meet the different demands and system requirements. The aim of this work is to expose a fuzzy logic approach to derive and assess the historical operation of a system. This framework uses a fuzzy rule-based system to reproduce pre-defined rules and also to match as close as possible the actual decisions made by managers. After built up, the fuzzy rule-based system can be integrated in a water resources management model, making possible to assess the system performance at the basin scale. The case study of the Mijares basin (eastern Spain) is used to illustrate the method. A reservoir operating curve regulates the two main reservoir releases (operated in a conjunctive way) with the purpose of guaranteeing a high realiability of supply to the traditional irrigation districts with higher priority (more senior demands that funded the reservoir construction). A fuzzy rule-based system has been created to reproduce the operating curve's performance, defining the system state (total

77 FR 12227 - Long Term 2 Enhanced Surface Water Treatment Rule: Uncovered Finished Water Reservoirs; Public...

Science.gov (United States)

2012-02-29

... Water Treatment Rule: Uncovered Finished Water Reservoirs; Public Meeting AGENCY: Environmental... review of the uncovered finished water reservoir requirement in the Long Term 2 Enhanced Surface Water... uncovered finished water reservoir requirement and the agency's Six Year Review process. EPA also plans to...

On the Role of Hyper-arid Regions within the Virtual Water Trade Network

Science.gov (United States)

Aggrey, James; Alshamsi, Aamena; Molini, Annalisa

2016-04-01

Climate change, economic development, and population growth are bound to increasingly impact global water resources, posing a significant threat to the sustainable development of arid regions, where water consumption highly exceeds the natural carrying capacity, population growth rate is high, and climate variability is going to impact both water consumption and availability. Virtual Water Trade (VWT) - i.e. the international trade network of water-intensive products - has been proposed as a possible solution to optimize the allocation of water resources on the global scale. By increasing food availability and lowering food prices it may in fact help the rapid development of water-scarce regions. The structure of the VWT network has been analyzed by a number of authors both in connection with trade policies, socioeconomic constrains and agricultural efficiency. However a systematic analysis of the structure and the dynamics of the VWT network conditional to aridity, climatic forcing and energy availability, is still missing. Our goal is hence to analyze the role of arid and hyper-arid regions within the VWN under diverse climatic, demographic, and energy constraints with an aim to contribute to the ongoing Energy-Water-Food nexus discussion. In particular, we focus on the hyper-arid lands of the Arabian Peninsula, the role they play in the global network and the assessment of their specific criticalities, as reflected in the VWN resilience.

33 CFR 162.130 - Connecting waters from Lake Huron to Lake Erie; general rules.

Science.gov (United States)

2010-07-01

... 33 Navigation and Navigable Waters 2 2010-07-01 2010-07-01 false Connecting waters from Lake Huron to Lake Erie; general rules. 162.130 Section 162.130 Navigation and Navigable Waters COAST GUARD... REGULATIONS § 162.130 Connecting waters from Lake Huron to Lake Erie; general rules. (a) Purpose. The...

Analysis of intra-country virtual water trade strategy to alleviate water scarcity in Iran

Science.gov (United States)

Faramarzi, M.; Yang, H.; Mousavi, J.; Schulin, R.; Binder, C. R.; Abbaspour, K. C.

2010-08-01

Increasing water scarcity has posed a major constraint to sustain food production in many parts of the world. To study the situation at the regional level, we took Iran as an example and analyzed how an intra-country "virtual water trade strategy" (VWTS) may help improve cereal production as well as alleviate the water scarcity problem. This strategy calls, in part, for the adjustment of the structure of cropping pattern (ASCP) and interregional food trade where crop yield and crop water productivity as well as local economic and social conditions are taken into account. We constructed a systematic framework to assess ASCP at the provincial level under various driving forces and constraints. A mixed-integer, multi-objective, linear optimization model was developed and solved by linear programming. Data from 1990-2004 were used to account for yearly fluctuations of water availability and food production. Five scenarios were designed aimed at maximizing the national cereal production while meeting certain levels of wheat self-sufficiency under various water and land constraints in individual provinces. The results show that under the baseline scenario, which assumes a continuation of the existing water use and food policy at the national level, some ASCP scenarios could produce more wheat with less water. Based on different scenarios in ASCP, we calculated that 31% to 100% of the total wheat shortage in the deficit provinces could be supplied by the wheat surplus provinces. As a result, wheat deficit provinces would receive 3.5 billion m3 to 5.5 billion m3 of virtual water by importing wheat from surplus provinces.

75 FR 60736 - Water Technology Trade Mission to India

Science.gov (United States)

2010-10-01

... mission will visit two cities: Bangalore and Mumbai, where participants will receive market briefings and... water technology show, as a platform for business meetings and networking with the option to exhibit... technologies. To explore these and other opportunities, the trade mission will visit two cities: Bangalore and...

33 CFR 162.134 - Connecting waters from Lake Huron to Lake Erie; traffic rules.

Science.gov (United States)

2010-07-01

... 33 Navigation and Navigable Waters 2 2010-07-01 2010-07-01 false Connecting waters from Lake Huron to Lake Erie; traffic rules. 162.134 Section 162.134 Navigation and Navigable Waters COAST GUARD... REGULATIONS § 162.134 Connecting waters from Lake Huron to Lake Erie; traffic rules. (a) Detroit River. The...

33 CFR 162.138 - Connecting waters from Lake Huron to Lake Erie; speed rules.

Science.gov (United States)

2010-07-01

... 33 Navigation and Navigable Waters 2 2010-07-01 2010-07-01 false Connecting waters from Lake Huron to Lake Erie; speed rules. 162.138 Section 162.138 Navigation and Navigable Waters COAST GUARD... REGULATIONS § 162.138 Connecting waters from Lake Huron to Lake Erie; speed rules. (a) Maximum speed limit for...

Can virtual water 'trade' reduce water scarcity in semi-arid countries? The case of Spain

OpenAIRE

Garrido, Alberto; Novo, Paula; Rodriguez Casado, Roberto; Varela-Ortega, Consuelo

2009-01-01

Agricultural trade is by far the largest vehicle to ‘move’ water virtually around the world. Observing that most countries import and export water embedded in the exchanged products, the objective of this study is to assess the virtual water ‘trade’ in Spain for the period 1997-2006. We differentiate between the green and blue components of virtual water from a hydrological and economic perspective. The combination of spatial and time dimensions offers a unique empirical setting to determine ...

Design Rules for Life Support Systems

Science.gov (United States)

Jones, Harry

2002-01-01

This paper considers some of the common assumptions and engineering rules of thumb used in life support system design. One general design rule is that the longer the mission, the more the life support system should use recycling and regenerable technologies. A more specific rule is that, if the system grows more than half the food, the food plants will supply all the oxygen needed for the crew life support. There are many such design rules that help in planning the analysis of life support systems and in checking results. These rules are typically if-then statements describing the results of steady-state, "back of the envelope," mass flow calculations. They are useful in identifying plausible candidate life support system designs and in rough allocations between resupply and resource recovery. Life support system designers should always review the design rules and make quick steady state calculations before doing detailed design and dynamic simulation. This paper develops the basis for the different assumptions and design rules and discusses how they should be used. We start top-down, with the highest level requirement to sustain human beings in a closed environment off Earth. We consider the crew needs for air, water, and food. We then discuss atmosphere leakage and recycling losses. The needs to support the crew and to make up losses define the fundamental life support system requirements. We consider the trade-offs between resupplying and recycling oxygen, water, and food. The specific choices between resupply and recycling are determined by mission duration, presence of in-situ resources, etc., and are defining parameters of life support system design.

Solar Water Heater Systems for Building Trades Class.

Science.gov (United States)

Ryan, Milton; And Others

This teaching unit serves as a guide for the installation of active solar water heating systems. It contains a project designed for use with secondary level students of a building trades class. Students typically would meet 2 to 3 hours per day and would be able to complete the activity within a 1-week time period. Objectives of this unit include:…

75 FR 70973 - Registration of Foreign Boards of Trade

Science.gov (United States)

2010-11-19

... prospectively to facilitate direct access to the electronic trading system of a foreign board of trade by its U... Trade; Proposed Rule #0;#0;Federal Register / Vol. 75 , No. 223 / Friday, November 19, 2010 / Proposed... Registration of Foreign Boards of Trade AGENCY: Commodity Futures Trading Commission. ACTION: Notice of...

The EU Rules on Labelling of Genetically Modified Foods: Mission accomplished?

DEFF Research Database (Denmark)

Andersen, Lars Bracht

2010-01-01

of GMO related content in a food product is in fact an appropriate measure to protect consumer interests. Furthermore, the EU labelling rules may prove to be a trade obstacle causing conflict in the EU’s trade relations with third countries. The labelling rules will most likely be considered a trade......In 2003 the EU adopted new rules regulating all aspects of placing genetically modified foods on the market. The rules significantly enhance the scope of the labelling requirement in an attempt to accommodate consumer demand, but it is debatable whether or not a labelling requirement in the case...

Refining models for quantifying the water quality benefits of improved animal management for use in water quality trading

Science.gov (United States)

Water quality trading (WQT) is a market-based approach that allows point sources of water pollution to meet their water quality obligations by purchasing credits from the reduced discharges from other point or nonpoint sources. Non-permitted animal operations and fields of permitted animal operatio...

17 CFR 166.2 - Authorization to trade.

Science.gov (United States)

2010-04-01

... 17 Commodity and Securities Exchanges 1 2010-04-01 2010-04-01 false Authorization to trade. 166.2 Section 166.2 Commodity and Securities Exchanges COMMODITY FUTURES TRADING COMMISSION CUSTOMER PROTECTION RULES § 166.2 Authorization to trade. No futures commission merchant, introducing broker or any of their...

THE LEGAL CAPACITY TO TRADE

Directory of Open Access Journals (Sweden)

ADELIN UNGUREANU

2014-12-01

Full Text Available Trading is a part of our society. The man has been trading from ancient times so the amount of trades and transactions around the world is huge. In order for us to initiate, organize and deploy such trades we have to have certain rules which can help regulate the social and professional or legal aspect of trades. Therefore the sole trader capacity must be obtained and used in order for the contracts to be valid. The right and obligations that come with this capacity constitute activities that can be reflected and analysed by obtaining and maintain the sole trader status.

Many-objective optimization and visual analytics reveal key trade-offs for London's water supply

Science.gov (United States)

Matrosov, Evgenii S.; Huskova, Ivana; Kasprzyk, Joseph R.; Harou, Julien J.; Lambert, Chris; Reed, Patrick M.

2015-12-01

In this study, we link a water resource management simulator to multi-objective search to reveal the key trade-offs inherent in planning a real-world water resource system. We consider new supplies and demand management (conservation) options while seeking to elucidate the trade-offs between the best portfolios of schemes to satisfy projected water demands. Alternative system designs are evaluated using performance measures that minimize capital and operating costs and energy use while maximizing resilience, engineering and environmental metrics, subject to supply reliability constraints. Our analysis shows many-objective evolutionary optimization coupled with state-of-the art visual analytics can help planners discover more diverse water supply system designs and better understand their inherent trade-offs. The approach is used to explore future water supply options for the Thames water resource system (including London's water supply). New supply options include a new reservoir, water transfers, artificial recharge, wastewater reuse and brackish groundwater desalination. Demand management options include leakage reduction, compulsory metering and seasonal tariffs. The Thames system's Pareto approximate portfolios cluster into distinct groups of water supply options; for example implementing a pipe refurbishment program leads to higher capital costs but greater reliability. This study highlights that traditional least-cost reliability constrained design of water supply systems masks asset combinations whose benefits only become apparent when more planning objectives are considered.

33 CFR 89.25 - Waters upon which Inland Rules 9(a)(ii), 14(d), and 15(b) apply.

Science.gov (United States)

2010-07-01

... 33 Navigation and Navigable Waters 1 2010-07-01 2010-07-01 false Waters upon which Inland Rules 9(a)(ii), 14(d), and 15(b) apply. 89.25 Section 89.25 Navigation and Navigable Waters COAST GUARD, DEPARTMENT OF HOMELAND SECURITY INLAND NAVIGATION RULES INLAND NAVIGATION RULES: IMPLEMENTING RULES Waters...

Trade-offs Between Socio-economic Development and Ecosystem Health under Changing Water Availability

Science.gov (United States)

Nazemi, A.; Hassanzadeh, E.; Elshorbagy, A. A.; Wheater, H. S.; Gober, P.; Jardine, T.; Lindenschmidt, K. E.

2017-12-01

Natural and human water systems at regional scales are often developed around key characteristics of streamflow. As a result, changes in streamflow regime can affect both socio-economic activities and freshwater ecosystems. In addition to natural variability and/or climate change, extensive water resource management to support socio-economic growth has also changed streamflow regimes. This study aims at understanding the trade-offs between agricultural expansion in the province of Saskatchewan, Canada, and alterations in the ecohydrological characteristics of the Saskatchewan River Delta (SRD) located downstream. Changes in climate along with extensive water resource management have altered the upstream flow regime. Moreover, Saskatchewan is investigating the possible expansion of irrigated agriculture to boost the provincial economy. To evaluate trade-offs across a range of possible scenarios for streamflow changes, the potential increase in provincial net benefit versus potential vulnerability of the SRD was assessed using perturbed flow realizations along with scenarios of irrigation expansion as input to an integrated water resource system model. This study sheds light on the potential variability in trade-offs between economic benefits and ecosystem health under a range of streamflow conditions, with the aim of informing decisions that can benefit both natural and human water systems.

Linking economic water use, freshwater ecosystem impacts, and virtual water trade in a Great Lakes watershed

Science.gov (United States)

Mubako, S. T.; Ruddell, B. L.; Mayer, A. S.

2013-12-01

The impact of human water uses and economic pressures on freshwater ecosystems is of growing interest for water resource management worldwide. This case study for a water-rich watershed in the Great Lakes region links the economic pressures on water resources as revealed by virtual water trade balances to the nature of the economic water use and the associated impacts on the freshwater ecosystem. A water accounting framework that combines water consumption data and economic data from input output tables is applied to quantify localized virtual water imports and exports in the Kalamazoo watershed which comprises ten counties. Water using economic activities at the county level are conformed to watershed boundaries through land use-water use relationships. The counties are part of a region implementing the Michigan Water Withdrawal Assessment Process, including new regulatory approaches for adaptive water resources management under a riparian water rights framework. The results show that at local level, there exists considerable water use intensity and virtual water trade balance disparity among the counties and between water use sectors in this watershed. The watershed is a net virtual water importer, with some counties outsourcing nearly half of their water resource impacts, and some outsourcing nearly all water resource impacts. The largest virtual water imports are associated with agriculture, thermoelectric power generation and industry, while the bulk of the exports are associated with thermoelectric power generation and commercial activities. The methodology is applicable to various spatial levels ranging from the micro sub-watershed level to the macro Great Lakes watershed region, subject to the availability of reliable water use and economic data.

75 FR 55269 - Telemarketing Sales Rule Fees

Science.gov (United States)

2010-09-10

... FEDERAL TRADE COMMISSION 16 CFR Part 310 RIN 3084-AA98 Telemarketing Sales Rule Fees AGENCY: Federal Trade Commission. ACTION: Policy statement. SUMMARY: The Federal Trade Commission (the ``Commission'' or ``FTC'') is giving notice that there will be no increase in the fees charged to entities...

Conceptualising and managing trade-offs in sustainability assessment

International Nuclear Information System (INIS)

Morrison-Saunders, Angus; Pope, Jenny

2013-01-01

One of the defining characteristics of sustainability assessment as a form of impact assessment is that it provides a forum for the explicit consideration of the trade-offs that are inherent in complex decision-making processes. Few sustainability assessments have achieved this goal though, and none has considered trade-offs in a holistic fashion throughout the process. Recent contributions such as the Gibson trade-off rules have significantly progressed thinking in this area by suggesting appropriate acceptability criteria for evaluating substantive trade-offs arising from proposed development, as well as process rules for how evaluations of acceptability should occur. However, there has been negligible uptake of these rules in practice. Overall, we argue that there is inadequate consideration of trade-offs, both process and substantive, throughout the sustainability assessment process, and insufficient considerations of how process decisions and compromises influence substantive outcomes. This paper presents a framework for understanding and managing both process and substantive trade-offs within each step of a typical sustainability assessment process. The framework draws together previously published literature and offers case studies that illustrate aspects of the practical application of the framework. The framing and design of sustainability assessment are vitally important, as process compromises or trade-offs can have substantive consequences in terms of sustainability outcomes delivered, with the choice of alternatives considered being a particularly significant determinant of substantive outcomes. The demarcation of acceptable from unacceptable impacts is a key aspect of managing trade-offs. Offsets can be considered as a form of trade-off within a category of sustainability that are utilised to enhance preferred alternatives once conditions of impact acceptability have been met. In this way they may enable net gains to be delivered; another imperative

Conceptualising and managing trade-offs in sustainability assessment

Energy Technology Data Exchange (ETDEWEB)

Morrison-Saunders, Angus, E-mail: A.Morrison-Saunders@murdoch.edu.au [School of Geo and Spatial Sciences, North West University (South Africa); School of Environmental Science, Murdoch University (Australia); Pope, Jenny [School of Geo and Spatial Sciences, North West University (South Africa); Integral Sustainability (Australia); Curtin University (Australia)

2013-01-15

One of the defining characteristics of sustainability assessment as a form of impact assessment is that it provides a forum for the explicit consideration of the trade-offs that are inherent in complex decision-making processes. Few sustainability assessments have achieved this goal though, and none has considered trade-offs in a holistic fashion throughout the process. Recent contributions such as the Gibson trade-off rules have significantly progressed thinking in this area by suggesting appropriate acceptability criteria for evaluating substantive trade-offs arising from proposed development, as well as process rules for how evaluations of acceptability should occur. However, there has been negligible uptake of these rules in practice. Overall, we argue that there is inadequate consideration of trade-offs, both process and substantive, throughout the sustainability assessment process, and insufficient considerations of how process decisions and compromises influence substantive outcomes. This paper presents a framework for understanding and managing both process and substantive trade-offs within each step of a typical sustainability assessment process. The framework draws together previously published literature and offers case studies that illustrate aspects of the practical application of the framework. The framing and design of sustainability assessment are vitally important, as process compromises or trade-offs can have substantive consequences in terms of sustainability outcomes delivered, with the choice of alternatives considered being a particularly significant determinant of substantive outcomes. The demarcation of acceptable from unacceptable impacts is a key aspect of managing trade-offs. Offsets can be considered as a form of trade-off within a category of sustainability that are utilised to enhance preferred alternatives once conditions of impact acceptability have been met. In this way they may enable net gains to be delivered; another imperative

78 FR 58500 - Water Quality Standards Regulatory Clarifications Proposed Rule; Public Meeting and Public Webinars

Science.gov (United States)

2013-09-24

... the proposed rule ``Water Quality Standards Regulatory Clarifications,'' which was published... the federal water quality standards (WQS) regulation at 40 CFR Part 131 which helps implement the..., the proposed rule will lead to improved water quality standard development, implementation and...

Application of innovative policies for controlling radionuclide releases: The {open_quotes}open-market trading rule{close_quotes}

Energy Technology Data Exchange (ETDEWEB)

Moeller, D.W. [Dade Moeller & Associates, Inc., New Bern, NC (United States)

1997-08-01

In the past, most efforts for reducing airborne radio nuclide releases and controlling radioactive wastes have been directed to the development of new and improved technologies. Little attention has been paid to the possible application to these problems of new, innovative policies. Yet, experience in other fields shows that such applications could be beneficial. A prime example is the {open_quotes}open-market trading rule,{close_quotes} now being widely used in the U.S. for the control of a range of environmental problems. Through this rule, nuclear facility operators would be permitted to control airborne emissions in a more cost-effective manner, and those responsible for decommissioning and decontaminating nuclear facilities no longer in operation could do so at far lower costs while generating significantly smaller volumes of radioactive wastes. Application of such a policy would also significantly reduce the demands on existing, and the need for research to develop new, improved, control technologies. 16 refs.

Trade-offs between carbon, water, soil and food in Guanzhong-Tianshui economic region from remotely sensed data

Science.gov (United States)

Zhou, Z. X.; Li, Jing; Guo, Z. Z.; Li, Ting

2017-06-01

It is important to ensure the efficient supply of land ecosystem services when the competition for land is increasing. In this paper we simulated the ecosystem services function under two scenarios, including carbon sequestration, agricultural production, water and soil conservation, and analyzed the tradeoffs among these ecosystem services in Guanzhong-Tianshui region from 2000 to 2050. Then the productive efficiency of ecosystem services was assessed under two scenarios and compared their production possibility frontiers (PPFs). Through the simulation analysis of their optimum allocation, we also provide the scientific evidence to the development of ecosystem. The natural rules were revealed that if these trade-offs emphasize the potential to sequester carbon in the landscape, along with very little loss of agricultural production, much more water is used. It could be identified to adhere to combine the exploitation and utilization, remediation and protection for land to promote the effective circulation of land eco-system, and meet the society's preferences for land ecosystem service function by adjusting the use of multiple eco-services.

Introduction To U.S. Free Trade Agreements

Directory of Open Access Journals (Sweden)

Gantz David A.

2016-12-01

Full Text Available This introduction explores the historical changes in the trade policies of the United States (U.S., namely, the shift from the support of multilateral rules to the embracement of regional trade agreements and provides an overview of the political and economic considerations behind the conclusion of the major U.S. free trade agreements.

Rules of Origin: Conceptual Explorations and Lessons from the Generalized System of Preferences

OpenAIRE

Ujiie, Teruo

2006-01-01

Customs valuation, commodity classification system, and rules of origin are the three basic customs laws. Rules to determine a country of origin, or "nationality" of a country of production of goods, are called "rules of origin." They are widely used in international trade in the application of different tariffs, trade remedy measures, tariff quotas, and trade statistics. With the globalization of economic activities resulting in outsourcing of materials as well as the global proliferation of...

A Trade Study of Two Membrane-Aerated Biological Water Processors

Science.gov (United States)

Allada, Ram; Lange, Kevin; Vega. Leticia; Roberts, Michael S.; Jackson, Andrew; Anderson, Molly; Pickering, Karen

2011-01-01

Biologically based systems are under evaluation as primary water processors for next generation life support systems due to their low power requirements and their inherent regenerative nature. This paper will summarize the results of two recent studies involving membrane aerated biological water processors and present results of a trade study comparing the two systems with regards to waste stream composition, nutrient loading and system design. Results of optimal configurations will be presented.

78 FR 23280 - Agency Information Collection Activities: United States-Caribbean Basin Trade Partnership Act...

Science.gov (United States)

2013-04-18

..., Attn: Tracey Denning, Regulations and Rulings, Office of International Trade, 90 K Street NE., 10th... and Rulings, Office of International Trade, 90 K Street NE., 10th Floor, Washington, DC 20229-1177, at... trade benefits to countries in the Caribbean Basin. For preferential duty treatment under CBTPA...

A dynamic analysis of moving average rules

NARCIS (Netherlands)

Chiarella, C.; He, X.Z.; Hommes, C.H.

2006-01-01

The use of various moving average (MA) rules remains popular with financial market practitioners. These rules have recently become the focus of a number empirical studies, but there have been very few studies of financial market models where some agents employ technical trading rules of the type

Alternative trading systems in Poland

Directory of Open Access Journals (Sweden)

Magdalena Mosionek-Schweda

2009-12-01

Full Text Available The first Polish alternative trading system – called NewConnect – was opened on 30 August 2007. It has the status of an organized market, but it is operated by the Warsaw Stock Exchange outside the regulated market. Two years later, on 30 September 2009, the WSE launched another market – Catalyst – which consists of four segments including: two regular markets and two alternative trading platforms. The present paper aims to describe fundamental rules of the Polish alternative trading platforms as well as to depict a short overview of their trading indicators and basic statistics.

Balancing ecosystem services with energy and food security - Assessing trade-offs from reservoir operation and irrigation investments in Kenya's Tana Basin

Science.gov (United States)

Hurford, A. P.; Harou, J. J.

2014-08-01

Competition for water between key economic sectors and the environment means agreeing allocations is challenging. Managing releases from the three major dams in Kenya's Tana River basin with its 4.4 million inhabitants, 567 MW of installed hydropower capacity, 33 000 ha of irrigation and ecologically important wetlands and forests is a pertinent example. This research seeks firstly to identify and help decision-makers visualise reservoir management strategies which result in the best possible (Pareto-optimal) allocation of benefits between sectors. Secondly, it seeks to show how trade-offs between achievable benefits shift with the implementation of proposed new rice, cotton and biofuel irrigation projects. To approximate the Pareto-optimal trade-offs we link a water resources management simulation model to a multi-criteria search algorithm. The decisions or "levers" of the management problem are volume-dependent release rules for the three major dams and extent of investment in new irrigation schemes. These decisions are optimised for eight objectives covering the provision of water supply and irrigation, energy generation and maintenance of ecosystem services. Trade-off plots allow decision-makers to assess multi-reservoir rule-sets and irrigation investment options by visualising their impacts on different beneficiaries. Results quantify how economic gains from proposed irrigation schemes trade-off against the disturbance of ecosystems and local livelihoods that depend on them. Full implementation of the proposed schemes is shown to come at a high environmental and social cost. The clarity and comprehensiveness of "best-case" trade-off analysis is a useful vantage point from which to tackle the interdependence and complexity of "water-energy-food nexus" resource security issues.

Liability rules for international trading of greenhouse gas emissions quotas

DEFF Research Database (Denmark)

Haites, E.; Missfeldt, F.

2001-01-01

To reduce the costs of mitigating greenhouse gas emissions in accordance with the Kyoto protocol, international trades of emissions quotas are allowed. The revenue from the sale of quotas may exceed the sanctions for non-compliance if these penalties are weak or poorly enforced. Under...... these circumstances emissions trading enables a country to benefit financially through non-compliance. To counter non-compliance due to trading a range of liability proposals have been suggested. Using a simple global model, we analyze the economic and environmental performance of these proposals for the first...

Systematic Trading: Calibration Advances through Machine Learning

OpenAIRE

Alvarez Teleña, S.

2015-01-01

Systematic trading in finance uses computer models to define trade goals, risk controls and rules that can execute trade orders in a methodical way. This thesis investigates how performance in systematic trading can be crucially enhanced by both i) persistently reducing the bid-offer spread quoted by the trader through optimized and realistically backtested strategies and ii) improving the out-of-sample robustness of the strategy selected through the injection of theory into the typically dat...

16 CFR 1.23 - Quantity limit rules.

Science.gov (United States)

2010-01-01

... 16 Commercial Practices 1 2010-01-01 2010-01-01 false Quantity limit rules. 1.23 Section 1.23 Commercial Practices FEDERAL TRADE COMMISSION ORGANIZATION, PROCEDURES AND RULES OF PRACTICE GENERAL... Robinson-Patman Act. These rules have the force and effect of law. [32 FR 8444, June 13, 1967. Redesignated...

Water on fire: Gains from electricity trade

International Nuclear Information System (INIS)

Fehr, N.H. von der; Sandsbraaten, L.

1997-01-01

In light of the ongoing liberalization of electricity trade in the Nordic countries, and perhaps in Northern Europe, we argue that gains from electricity trade may be different from those traditionally associated with comparative advantages and economics of scale. In particular, we consider gains arising from the exploitation of technological complementaries between hydro and thermal systems. Our theoretical framework highlights essential features of the two systems and allows for an analysis of effects of trade. We study three trading regimes, which may arise either endogenously or because of trade regulations: day-night power exchange, seasonal energy banking and unbalanced trade. The analysis suggests that gradual trade liberalization may be costly. 13 refs, 7 figs

Developing a methodology for real-time trading of water withdrawal and waste load discharge permits in rivers.

Science.gov (United States)

Soltani, Maryam; Kerachian, Reza

2018-04-15

In this paper, a new methodology is proposed for the real-time trading of water withdrawal and waste load discharge permits in agricultural areas along the rivers. Total Dissolved Solids (TDS) is chosen as an indicator of river water quality and the TDS load that agricultural water users discharge to the river are controlled by storing a part of return flows in some evaporation ponds. Available surface water withdrawal and waste load discharge permits are determined using a non-linear multi-objective optimization model. Total available permits are then fairly reallocated among agricultural water users, proportional to their arable lands. Water users can trade their water withdrawal and waste load discharge permits simultaneously, in a bilateral, step by step framework, which takes advantage of differences in their water use efficiencies and agricultural return flow rates. A trade that would take place at each time step results in either more benefit or less diverted return flow. The Nucleolus cooperative game is used to redistribute the benefits generated through trades in different time steps. The proposed methodology is applied to PayePol region in the Karkheh River catchment, southwest Iran. Predicting that 1922.7 Million Cubic Meters (MCM) of annual flow is available to agricultural lands at the beginning of the cultivation year, the real-time optimization model estimates the total annual benefit to reach 46.07 million US Dollars (USD), which requires 6.31 MCM of return flow to be diverted to the evaporation ponds. Fair reallocation of the permits, changes these values to 35.38 million USD and 13.69 MCM, respectively. Results illustrate the effectiveness of the proposed methodology in the real-time water and waste load allocation and simultaneous trading of permits. Copyright © 2018 Elsevier Ltd. All rights reserved.

Rules of origin and development of regional production network in ...

International Development Research Centre (IDRC) Digital Library (Canada)

Simpler Rules of Origin (RoO) with product specific rules can act as a catalyst in trade even if tariff rates are not low. Sector specific restrictiveness across trade agreements are assessed, in view of potential growth of International production networks (IPN). RoO is shown to play a significant role in promoting IPN.

75 FR 13421 - Federal Acquisition Regulation; FAR Case 2008-036, Trade Agreements-Costa Rica, Oman, and Peru

Science.gov (United States)

2010-03-19

... 9000-AL23 Federal Acquisition Regulation; FAR Case 2008-036, Trade Agreements--Costa Rica, Oman, and... United States-Oman Free Trade Agreement, and the United States-Peru Trade Promotion Agreement. DATES... interim rule. The interim rule added Costa Rica, Oman, and Peru to the definition of ``Free Trade...

Time series regression-based pairs trading in the Korean equities market

Science.gov (United States)

Kim, Saejoon; Heo, Jun

2017-07-01

Pairs trading is an instance of statistical arbitrage that relies on heavy quantitative data analysis to profit by capitalising low-risk trading opportunities provided by anomalies of related assets. A key element in pairs trading is the rule by which open and close trading triggers are defined. This paper investigates the use of time series regression to define the rule which has previously been identified with fixed threshold-based approaches. Empirical results indicate that our approach may yield significantly increased excess returns compared to ones obtained by previous approaches on large capitalisation stocks in the Korean equities market.

Going against the flow: A critical analysis of virtual water trade in the context of India's National River Linking Programme

NARCIS (Netherlands)

Verma, Shilp; Kampman, Doeke A.; van der Zaag, Pieter; Hoekstra, Arjen Ysbert

2008-01-01

Virtual water trade has been promoted as a tool to address national and regional water scarcity. In the context of international (food) trade, this concept has been applied with a view to optimize the flow of commodities considering the water endowments of nations. The concept states that water-rich

Canada loses appeal of WTO panel ruling on minimum patent terms.

Science.gov (United States)

Elliott, R

2000-01-01

In the last issue, we reported on a ruling of a Panel of the World Trade Organization (WTO) that Canada was in breach of the international Agreement on Trade-Related Aspects of Intellectual Property Rights (the TRIPS Agreement). The Panel found that Canada's Patent Act does not provide the minimum patent terms required by the trade agreement. Canada appealed that decision, but on 18 September 2000 the WTO Appellate Body upheld the Panel ruling.

77 FR 37804 - Rules for Investigations Relating to Global and Bilateral Safeguard Actions, Market Disruption...

Science.gov (United States)

2012-06-25

... Bilateral Safeguard Actions, Market Disruption, Trade Diversion, and Review of Relief Actions AGENCY: United... disruption, trade diversion, and review of relief actions (part 206 of its Rules). The final rule principally...--INVESTIGATIONS RELATING TO GLOBAL AND BILATERAL SAFEGUARG ACTIONS, MARKET DISRUPTION, TRADE DIVERSION, AND REVIEW...

Nutrient Credit Trading--a Market-based Approach for Improving Water Quality

Science.gov (United States)

Farmers are getting financial rewards for implementing conservation measures on their farms. Industrial wastewater treatment plants are buying credits generated from these measures to meet their NPDES permit regulatory requirements. This is referred to as “water quality trading.” The treatment p...

Marketing instruments of foreign trade promotion

OpenAIRE

Bjelić Predrag

2011-01-01

Instruments of promotion as a part of marketing mix are usually associated with companies but more and more countries use this instrument in order to boost their exports. These foreign trade promotion instruments are now popular in many countries in the world since their use is not opposed to any World Trade Organization rules. Marketing instruments of trade promotions are the most important. They include National Exhibitions and National labels of origin and quality. In order to coordinate t...

Evaluating changes to reservoir rule curves using historical water-level data

Science.gov (United States)

Mower, Ethan; Miranda, Leandro E.

2013-01-01

Flood control reservoirs are typically managed through rule curves (i.e. target water levels) which control the storage and release timing of flood waters. Changes to rule curves are often contemplated and requested by various user groups and management agencies with no information available about the actual flood risk of such requests. Methods of estimating flood risk in reservoirs are not easily available to those unfamiliar with hydrological models that track water movement through a river basin. We developed a quantile regression model that uses readily available daily water-level data to estimate risk of spilling. Our model provided a relatively simple process for estimating the maximum applicable water level under a specific flood risk for any day of the year. This water level represents an upper-limit umbrella under which water levels can be operated in a variety of ways. Our model allows the visualization of water-level management under a user-specified flood risk and provides a framework for incorporating the effect of a changing environment on water-level management in reservoirs, but is not designed to replace existing hydrological models. The model can improve communication and collaboration among agencies responsible for managing natural resources dependent on reservoir water levels.

BP's emissions trading system

International Nuclear Information System (INIS)

Victor, David G.; House, Joshua C.

2006-01-01

Between 1998 and 2001, BP reduced its emissions of greenhouse gases by more than 10%. BP's success in cutting emissions is often equated with its use of an apparently market-based emissions trading program. However no independent study has ever examined the rules and operation of BP's system and the incentives acting on managers to reduce emissions. We use interviews with key managers and with traders in several critical business units to explore the bound of BP's success with emissions trading. No money actually changed hands when permits were traded, and the main effect of the program was to create awareness of money-saving emission controls rather than strong price incentives. We show that the trading system did not operate like a 'textbook' cap and trade scheme. Rather, the BP system operated much like a 'safety valve' trading system, where managers let the market function until the cost of doing so surpassed what the company was willing to tolerate

Water banking, conjunctive administration, and drought: The interaction of water markets and prior appropriation in southeastern Idaho

Science.gov (United States)

Ghosh, Sanchari; Cobourn, Kelly M.; Elbakidze, Levan

2014-08-01

Despite recognition of the potential economic benefits and increasing interest in developing marketing instruments, water markets have remained thin and slow to evolve due to high transactions costs, third party effects, and the persistence of historical institutions for water allocation. Water banks are a marketing instrument that can address these obstacles to trade, allowing irrigators within a region to exchange water in order to mitigate the short-term effects of drought. Water banks coexist with the institutions governing water allocation, which implies that rule changes, such as adoption of a system of conjunctive surface water-groundwater administration, carry implications for the economic impacts of banking. This paper assesses and compares the welfare and distributional outcomes for irrigators in the Eastern Snake River Plain of Idaho under a suite of water management and drought scenarios. We find that water banking can offset irrigators' profit losses during drought, but that its ability to do so depends on whether it facilitates trade across groundwater and surface water users. With conjunctive administration, a bank allowing trade by source realizes 22.23% of the maximum potential efficiency gains from trade during a severe drought, while a bank that allows trade across sources realizes 93.47% of the maximum potential gains. During drought, conjunctive administration redistributes welfare from groundwater to surface water producers, but banking across sources allows groundwater irrigators to recover 88.4% of the profits lost from drought at a cost of 2.2% of the profit earned by surface water irrigators.

Developments regarding the Bragg rule for stopping power and critical examination of its application to water

International Nuclear Information System (INIS)

Kamaratos, E.

1983-01-01

A critical comparison is made of various experimental findings regarding the Bragg additivity rule for stopping power. It appears that deviations from the Bragg additivity rule reported a long time ago and ascribed to chemical binding effects and phase effects are real, despite even recent statements of the contrary. Nevertheless, when the Bragg rule is applied to water, critical examination of very recent experimental results for the stopping power in the gaseous state of water, hydrogen and oxygen in this work suggest that the reported deviations from the Bragg additivity rule for the stopping power of gaseous water may be the result of experimental error. (orig.)

78 FR 76986 - Children's Online Privacy Protection Rule

Science.gov (United States)

2013-12-20

... FEDERAL TRADE COMMISSION 16 CFR Part 312 RIN 3084-AB20 Children's Online Privacy Protection Rule... published final rule amendments to the Children's Online Privacy Protection Rule on January 17, 2013 to update the requirements set forth in the notice, parental consent, confidentiality and security, and safe...

78 FR 3971 - Children's Online Privacy Protection Rule

Science.gov (United States)

2013-01-17

... functionality or content of their properties or gain greater publicity through social media in an effort to... Children's Online Privacy Protection Rule; Final Rule #0;#0;Federal Register / Vol. 78 , No. 12 / Thursday... 3084-AB20 Children's Online Privacy Protection Rule AGENCY: Federal Trade Commission (``FTC'' or...

Farmers, Trust, and the Market Solution to Water Pollution: The Role of Social Embeddedness in Water Quality Trading

Science.gov (United States)

Mariola, Matt J.

2012-01-01

Water quality trading (WQT) is a market arrangement in which a point-source water polluter pays farmers to implement conservation practices and claims the resulting benefits as credits toward meeting a pollution permit. Success rates of WQT programs nationwide are highly variable. Most of the literature on WQT is from an economic perspective…

Extraction and Preference Ordering of Multireservoir Water Supply Rules in Dry Years

Directory of Open Access Journals (Sweden)

Ling Kang

2016-01-01

Full Text Available This paper presents a new methodology of combined use of the nondominated sorting genetic algorithm II (NSGA-II and the approach of successive elimination of alternatives based on order and degree of efficiency (SEABODE in identifying the most preferred multireservoir water supply rules in dry years. First, the suggested operation rules consists of a two-point type time-varying hedging policy for a single reservoir and a simple proportional allocation policy of common water demand between two parallel reservoirs. Then, the NSGA-II is employed to derive enough noninferior operation rules (design alternatives in terms of two conflicting objectives (1 minimizing the total deficit ratio (TDR of all demands of the entire system in operation horizon, and (2 minimizing the maximum deficit ratio (MDR of water supply in a single period. Next, the SEABODE, a multicriteria decision making (MCDM procedure, is applied to further eliminate alternatives based on the concept of efficiency of order k with degree p. In SEABODE, the reservoir performance indices and water shortage indices are selected as evaluation criteria for preference ordering among the design alternatives obtained by NSGA-II. The proposed methodology was tested on a regional water supply system with three reservoirs located in the Jialing River, China, where the results demonstrate its applicability and merits.

Evaluation of Virtual Water Trade by the Industrial Sector of Zanjan Province

Directory of Open Access Journals (Sweden)

Morteza Tahami Pourzarandi

2017-07-01

Full Text Available Water crisis is of utmost importance due to the growing demand and consumption of water, especially in developing countries where its production and food security are facing serious challenges. Virtual water trade has been proposed as one strategy to combat the water scarcity crisis in arid and semi-arid regions. The strategy is based on the import of food and water-intensive supplies from neighboring regions that enjoy adequate supplies of water. Given the fact that the industrial sector has been proposed to serve as the basis of development in Zanjan Province, the present study was conducted to investigate the virtual water trade by the industrial sector in this province. For the purposes of this study, data from the statistical period 2010-2011 were obtained from the Statistical Center of Iran on enterprises employing ten member staffs or above. The data were used to categorize the industries surveyed, their water demands, and products to estimate the quantities of water needed for their continued operation. It was found that the highest quantities of virtual water in Zanjan are allocated to coking and petroleum plants, paper and cellulosic industries, and food and beverage processing factories with average values of 32.70, 26.14, and 11.63 cubic meters per million Rials, respectively. In addition, the total amount of virtual water exported from the industrial units operating in Zanjan Province is estimated at about 3.10 MCM, 50% of which belongs to base metal production. Conclusion: Our findings show that the industrial sector in Zanjan Province is a net exporter of virtual water.

Guidance on enforcement of the requirements of the surface water treatment rule

International Nuclear Information System (INIS)

1992-06-01

The document provides guidance on several specific issues relating to the enforcement of the Surface Water Treatment Rule. The guidance deals with the provisions of the Rule relating to unfiltered systems. Enforcements of the requirements relating to the filtered systems will be dealt with in a later document

Success and failure of technical trading strategies in the cocoa futures market

NARCIS (Netherlands)

Boswijk, P.; Griffioen, G.A.W.; Hommes, C.

2001-01-01

A large set of 5350 trend following technical trading rules is applied to LIFFE and CSCE cocoa futures prices, and to the Pound-Dollar exchange rate, in the period 1983:1-1997:6. We find that 72% of the trading rules generates positive profits, even when correcting for transaction and borrowing

Factors influencing farmers’ willingness to participate in water allocation trading. A case study in southern Spain

Directory of Open Access Journals (Sweden)

Giacomo Giannoccaro

2016-03-01

Full Text Available This study aims to uncover the factors that influence farmers’ attitudes towards water allocation trading. In the study, we simulate two water availability scenarios, an average year and a drought year, in a contingent valuation experiment with 241 farmers. A survey was held in the spring of 2012 in the Guadalquivir and Almanzora River Basins. First, we estimated a multinomial logit model to determine the factors that influence farmers to decide to participate in our hypothetical market. We then analysed the structural and socio-economic factors determining the monetary value of traded water using Heckman’s two-step model. Our results indicate that those farmers who are more innovative and have had agricultural training show a higher willingness to participate in water trading. Additionally, low water-supply guarantee and appropriate information about seasonal water availability increase the probability of participation. Higher willingness to pay (WTP for water is found in horticulture and among farmers who grow citrus and other permanent crops; lower water selling value (WTA is found in farms with extensive annual crops and traditional olive groves. However, monetary values (WTP/WTA are strongly dependent on the current cost of irrigation water services. While findings of this research seem to support the idea of diffusion innovation theory, the existence of ethical concerns that might influence farmers’ acceptance of irrigation water markets needs further analysis.

Factors influencing farmers’ willingness to participate in water allocation trading. A case study in southern Spain

Energy Technology Data Exchange (ETDEWEB)

Giannoccaro, G.; Castillo, M.; Berbel, J.

2016-11-01

This study aims to uncover the factors that influence farmers’ attitudes towards water allocation trading. In the study, we simulate two water availability scenarios, an average year and a drought year, in a contingent valuation experiment with 241 farmers. A survey was held in the spring of 2012 in the Guadalquivir and Almanzora River Basins. First, we estimated a multinomial logit model to determine the factors that influence farmers to decide to participate in our hypothetical market. We then analysed the structural and socio-economic factors determining the monetary value of traded water using Heckman’s two-step model. Our results indicate that those farmers who are more innovative and have had agricultural training show a higher willingness to participate in water trading. Additionally, low water-supply guarantee and appropriate information about seasonal water availability increase the probability of participation. Higher willingness to pay (WTP) for water is found in horticulture and among farmers who grow citrus and other permanent crops; lower water selling value (WTA) is found in farms with extensive annual crops and traditional olive groves. However, monetary values (WTP/WTA) are strongly dependent on the current cost of irrigation water services. While findings of this research seem to support the idea of diffusion innovation theory, the existence of ethical concerns that might influence farmers’ acceptance of irrigation water markets needs further analysis. (Author)

A hybrid stock trading framework integrating technical analysis with machine learning techniques

Directory of Open Access Journals (Sweden)

Rajashree Dash

2016-03-01

Full Text Available In this paper, a novel decision support system using a computational efficient functional link artificial neural network (CEFLANN and a set of rules is proposed to generate the trading decisions more effectively. Here the problem of stock trading decision prediction is articulated as a classification problem with three class values representing the buy, hold and sell signals. The CEFLANN network used in the decision support system produces a set of continuous trading signals within the range 0–1 by analyzing the nonlinear relationship exists between few popular technical indicators. Further the output trading signals are used to track the trend and to produce the trading decision based on that trend using some trading rules. The novelty of the approach is to engender the profitable stock trading decision points through integration of the learning ability of CEFLANN neural network with the technical analysis rules. For assessing the potential use of the proposed method, the model performance is also compared with some other machine learning techniques such as Support Vector Machine (SVM, Naive Bayesian model, K nearest neighbor model (KNN and Decision Tree (DT model.

77 FR 5073 - Self-Regulatory Organizations; NASDAQ OMX PHLX LLC; Notice of Filing of Proposed Rule Change...

Science.gov (United States)

2012-02-01

... Trading of PHLX FOREX Options\\TM\\ January 26, 2012. Pursuant to Section 19(b)(1) of the Securities... new Phlx Rules 1000C (Applicability of Rule 1000C Series-- PHLX FOREX Options\\TM\\) \\3\\; Rule 1001C (Definitions--PHLX FOREX Options); Rule 1002C (Series of PHLX FOREX Options Open for Trading); Rule 1003C...

77 FR 74449 - Water Quality Standards for the State of Florida's Lakes and Flowing Waters; Proposed Rule; Stay

Science.gov (United States)

2012-12-14

... Water Quality Standards for the State of Florida's Lakes and Flowing Waters; Proposed Rule; Stay AGENCY... Protection Agency (EPA) proposes to temporarily stay our regulation the ``Water Quality Standards for the... Information Does this action apply to me? Citizens concerned with water quality in Florida may be interested...

Why do Economic Instruments Fail? The role of Water trading and Pricing at a River Basin Scale

Science.gov (United States)

Pérez-Blanco, C. D.; Gomez, C.; Loch, A. J.; Adamson, D. C.

2016-12-01

Water management problems stem from the mismatch between a multitude of individual decisions, on the one hand, and the current and projected status of water resources, on the other. Economics provides valuable information on the incentives that drive individual decisions and can be used to design instruments that address the problem. Yet, proposals from economists regarding instruments like water pricing or trading are mostly based upon basic and general principles of welfare economics that are not straightaway applicable to assets as complex as water. For example, while water markets clearly serve to the parts directly involved in the transaction, the unique characteristics of water often leads to Pareto inefficient allocations that affect the environment and related economic uses. The flaw in this approach lies in the understanding that water prices and water trading schemes may be good or bad on their own (e.g. finding the "right" price). This vision changes radically when we focus on the problem, instead of the instrument. In this case addressing water management challenges is equivalent to making the multitude of decisions people do about water compatible with collective water governance goals such as curbing degradation trends or building water security for the future. These ideas provide both the basis for assessing existing incentives such as pricing and trading schemes and reshaping economic instruments to serve the objectives of an integrated water resources management.

78 FR 5778 - North American Free Trade Agreement (NAFTA), Article 1904 Binational Panel Reviews

Science.gov (United States)

2013-01-28

... DEPARTMENT OF COMMERCE International Trade Administration North American Free Trade Agreement (NAFTA), Article 1904 Binational Panel Reviews AGENCY: NAFTA Secretariat, United States Section... the Panel Order and Rule 80 of the Article 1904 Panel Rules, the Panel Review was completed and the...

78 FR 17639 - North American Free Trade Agreement (NAFTA), Article 1904 Binational Panel Reviews

Science.gov (United States)

2013-03-22

... DEPARTMENT OF COMMERCE International Trade Administration North American Free Trade Agreement (NAFTA), Article 1904 Binational Panel Reviews AGENCY: NAFTA Secretariat, United States Section... Order and Rule 80 of the Article 1904 Panel Rules, the Panel Review was completed and the panelists were...

78 FR 10600 - North American Free Trade Agreement (NAFTA), Article 1904 Binational Panel Reviews

Science.gov (United States)

2013-02-14

... DEPARTMENT OF COMMERCE International Trade Administration North American Free Trade Agreement (NAFTA), Article 1904 Binational Panel Reviews AGENCY: NAFTA Secretariat, United States Section... Order and Rule 80 of the Article 1904 Panel Rules, the Panel Review was completed and the panelists were...

78 FR 11627 - North American Free Trade Agreement (NAFTA), Article 1904 Binational Panel Reviews

Science.gov (United States)

2013-02-19

... DEPARTMENT OF COMMERCE International Trade Administration North American Free Trade Agreement (NAFTA), Article 1904 Binational Panel Reviews AGENCY: NAFTA Secretariat, United States Section... Order and Rule 80 of the Article 1904 Panel Rules, the Panel Review was completed and the panelists were...

77 FR 72325 - North American Free Trade Agreement (NAFTA), Article 1904 Binational Panel Reviews

Science.gov (United States)

2012-12-05

... DEPARTMENT OF COMMERCE International Trade Administration North American Free Trade Agreement (NAFTA), Article 1904 Binational Panel Reviews AGENCY: NAFTA Secretariat, United States Section... Order and Rule 80 of the Article 1904 Panel Rules, the Panel Review was completed and the panelists were...

[Research on the virtual water composition and virtual water trade for agriculture in Beijing].

Science.gov (United States)

Wang, Hong-rui; Wang, Yan; Wang, Jun-hong; Dong, Yan-yan; Han, Zhao-xing

2007-12-01

Based on the irrigation norm of typical district and county, and revised by the isoline map of Chinese crops water demand, the change of crops program was analyzed as well as the agricultural water use and its GDP benefits. Then the virtual water was calculated for years. At last, the input-output method was used to calculate the trade of virtual water in Beijing. As the results, the virtual water for cereal crops has been decreasing in Beijing, from 1.832 x 10(9) m3 in 1990 to 4.283 x 10(8) m3 in 2004. Otherwise the virtual water for technical crops has been increasing, which is from 9.06 x 10(8) m3 in 1990 to 1.492 x 10(9) m3 in 2004. On the whole, the virtual water for crops has been decreasing in Beijing. From the angle of primary products Beijing is a virtual water importing area. Virtual water importing of annual average is 2.37 x 10(8) m3, which is about 5.93% of the total water of Beijing. Virtual water has been an important supplement of local real water of Beijing.

78 FR 28190 - Authorization of Production Activity; Foreign-Trade Subzone 29C; GE Appliances (Electric Water...

Science.gov (United States)

2013-05-14

... DEPARTMENT OF COMMERCE Foreign-Trade Zones Board [B-7-2013] Authorization of Production Activity; Foreign-Trade Subzone 29C; GE Appliances (Electric Water Heaters); Louisville, Kentucky On January 7, 2013, GE Appliances, operator of Subzone 29C in Louisville, Kentucky, submitted a notification of proposed...

Bovine spongiform encephalopathy: is it time to relax BSE-related measures in the context of international trade?

Science.gov (United States)

Matthews, D; Adkin, A

2011-04-01

Bovine spongiform encephalopathy (BSE) has presented serious challenges to both the World Organisation for Animal Health and national governments, in defining and implementing appropriate national control measures, and in agreeing trade rules that permit safe trade in cattle and bovine products. Precautionary trade rules were initially necessary, based upon the science of sheep scrapie, but research into BSE later enabled BSE-specific trade rules to be developed. As a result, current rules on trade are underpinned by a sound body of knowledge on BSE. Declining epidemics in most affected countries confirm the appropriateness of current precautions. Nevertheless, risk is primarily dependent on the prevalence of infection with BSE. In the face of low prevalence scenarios, certain precautionary measures in the Terrestrial Animal Health Code may now be considered excessive. A thorough review is therefore deemed appropriate.

Balancing ecosystem services with energy and food security - assessing trade-offs for reservoir operation and irrigation investment in Kenya's Tana basin

Science.gov (United States)

Hurford, A. P.; Harou, J. J.

2014-01-01

Competition for water between key economic sectors and the environment means agreeing on allocation is challenging. Managing releases from the three major dams in Kenya's Tana River basin with its 4.4 million inhabitants, 567 MW of installed hydropower capacity, 33 000 ha of irrigation and ecologically important wetlands and forests is a pertinent example. This research seeks to identify and help decision-makers visualise reservoir management strategies which result in the best possible (Pareto-optimal) allocation of benefits between sectors. Secondly we seek to show how trade-offs between achievable benefits shift with the implementation of new proposed rice, cotton and biofuel irrigation projects. To identify the Pareto-optimal trade-offs we link a water resources management model to a multi-criteria search algorithm. The decisions or "levers" of the management problem are volume dependent release rules for the three major dams and extent of investment in new irrigation schemes. These decisions are optimised for objectives covering provision of water supply and irrigation, energy generation and maintenance of ecosystem services which underpin tourism and local livelihoods. Visual analytic plots allow decision makers to assess multi-reservoir rule-sets by understanding their impacts on different beneficiaries. Results quantify how economic gains from proposed irrigation schemes trade-off against disturbance of the flow regime which supports ecosystem services. Full implementation of the proposed schemes is shown to be Pareto-optimal, but at high environmental and social cost. The clarity and comprehensiveness of "best-case" trade-off analysis is a useful vantage point from which to tackle the interdependence and complexity of water-energy-food "nexus" challenges.

77 FR 74174 - North American Free Trade Agreement (NAFTA), Article 1904 Binational Panel Reviews

Science.gov (United States)

2012-12-13

... DEPARTMENT OF COMMERCE International Trade Administration North American Free Trade Agreement (NAFTA), Article 1904 Binational Panel Reviews AGENCY: NAFTA Secretariat, United States Section.... Therefore, on the basis of the Panel Order and Rule 80 of the Article 1904 Panel Rules, the Panel Review was...

Energy trading. Re-establishing sound foundations

International Nuclear Information System (INIS)

Cohen, F.; Wiegand, M.

2002-01-01

The worlds of energy and financial trading have fused to deliver a radically transformed and highly unpredictable marketplace. It is a market, though, in a state of flux, fraught with uncertainty in the aftermath of the Enron collapse and the string of trading revelations in the United States. The global power and gas industry is more exposed than ever before to economic uncertainty and other problems. Enron's collapse did not stem from problems intrinsic to energy trading. Nonetheless, it has shrunk investor and market confidence through the downgrading of credit ratings for some companies to junk status. The result is a critically undermined capital market for power and gas companies. Heightened regulatory concerns mean that trading practices and rules will continue to be the subject of intense scrutiny. In spite of this turmoil, open markets will continue to develop. Energy trading is not just here to stay but will be an increasingly vital strategic value driver for energy companies around the globe. The need for trading is unchanged. Participants with the skills, capital and willingness to comply with new market rules will engage in these markets in a meaningful way. For those that get it right, the very uncertainty of the new energy landscape will create opportunities for enhanced shareholder value. For others, this new uncertain world will bring fresh failures and some existing players may cease to have a viable independent future

Derivation of optimal joint operating rules for multi-purpose multi-reservoir water-supply system

Science.gov (United States)

Tan, Qiao-feng; Wang, Xu; Wang, Hao; Wang, Chao; Lei, Xiao-hui; Xiong, Yi-song; Zhang, Wei

2017-08-01

The derivation of joint operating policy is a challenging task for a multi-purpose multi-reservoir system. This study proposed an aggregation-decomposition model to guide the joint operation of multi-purpose multi-reservoir system, including: (1) an aggregated model based on the improved hedging rule to ensure the long-term water-supply operating benefit; (2) a decomposed model to allocate the limited release to individual reservoirs for the purpose of maximizing the total profit of the facing period; and (3) a double-layer simulation-based optimization model to obtain the optimal time-varying hedging rules using the non-dominated sorting genetic algorithm II, whose objectives were to minimize maximum water deficit and maximize water supply reliability. The water-supply system of Li River in Guangxi Province, China, was selected for the case study. The results show that the operating policy proposed in this study is better than conventional operating rules and aggregated standard operating policy for both water supply and hydropower generation due to the use of hedging mechanism and effective coordination among multiple objectives.

  Border Carbon Adjustments, the UNFCCC and WTO Rules

DEFF Research Database (Denmark)

Nielsen, Laura

2010-01-01

  My presentation on Trade and Climate Change concludes that border carbon adjustments can be consistent with both the climate change and WTO rules - depending of course on their design - but that they are not necessarily attractive. ......  My presentation on Trade and Climate Change concludes that border carbon adjustments can be consistent with both the climate change and WTO rules - depending of course on their design - but that they are not necessarily attractive. ...

The Impact of the North American Free Trade Agreement on the Water Resources of Mexico

National Research Council Canada - National Science Library

Light, Ronald

2004-01-01

.... As trade surges along the US-Mexico border region, population growth and increased demand has stressed both water quality and quantity in this already water-stressed region. This paper examines NAFTA in light of these water resources issues, and the effectiveness of the Environmental Side Agreements to find solutions.

Catalogue and classification of technical safety rules for light-water reactors and reprocessing plants

International Nuclear Information System (INIS)

Bloser, M.; Fichtner, N.; Neider, R.

1975-08-01

This report on the cataloguing and classification of technical rules for land-based light-water reactors and reprocessing plants contains a list of classified rules. The reasons for the classification system used are given and discussed

Trade law and alcohol regulation: what role for a global Alcohol Marketing Code?

Science.gov (United States)

Mitchell, Andrew D; Casben, Jessica

2017-01-01

Following calls for restrictions and bans on alcohol advertising, and in light of the tobacco industry's challenge to Australia's tobacco plain packaging measure, a tobacco control measure finding support in the World Health Organization (WHO) Framework Convention on Tobacco Control, this paper considers what role, if any, an international alcohol marketing code might have in preventing or reducing the risk of challenges to domestic alcohol marketing restrictions under trade rules. Narrative review of international trade and health instruments and international trade court judgements regarding alcohol products and marketing restrictions. The experience of European trade courts in the litigation of similar measures suggests that World Trade Organization rules have sufficient flexibility to support the implementation of alcohol marketing restrictions. However, the experience also highlights the possibility that public health measures have disproportionate and unjustifiable trade effects and that the ability of a public health measure to withstand a challenge under trade rules will turn on its particular design and implementation. Measures implemented pursuant to international public health instruments are not immune to trade law challenges. Close collaboration between health policymakers, trade officials and lawyers, from as early as the research stage in the development of a measure to ensure a robust evidence base, will ensure the best chance of regulatory survival for an international marketing code. © 2016 Society for the Study of Addiction.

Going against the flow: a critical analysis of inter-state virtual water trade in the context of India's national river linking programme

NARCIS (Netherlands)

Verma, Shilp; Kampman, Doeke A.; van der Zaag, Pieter; Hoekstra, Arjen Ysbert

2009-01-01

Virtual water trade has been promoted as a tool to address national and regional water scarcity. In the context of international (food) trade, this concept has been applied with a view to optimize the flow of commodities considering the water endowments of nations. The concept states that water rich

77 FR 58213 - Requested Administrative Waiver of the Coastwise Trade Laws: Vessel ISLAND WATERS; Invitation for...

Science.gov (United States)

2012-09-19

... DEPARTMENT OF TRANSPORTATION Maritime Administration [Docket No. MARAD 2012 0095] Requested Administrative Waiver of the Coastwise Trade Laws: Vessel ISLAND WATERS; Invitation for Public Comments AGENCY... ISLAND WATERS is: Intended Commercial Use of Vessel: ``Charter to individuals in coastal waters...

Trade, investment and the environment

International Nuclear Information System (INIS)

Ward, H.; Brack, D.

2000-01-01

As liberalisation of global trade and investment accelerates, what happens to the environment? As the world heads for confrontation in Seattle, the questions intensify. Does foreign direct investment mean forsaking environmental protection? Or do multinational corporations export higher standards when they invest abroad? Can a powerful trading nation ban imports of tropical timber produced unsustainably? Should the World Trade Organisation take the views of industry or environmental groups into account when deciding? Must world trade rules be changed to accommodate environmental concerns? This book analyzes key issues in this increasingly controversial arena and includes contributions from Renato Ruggiero, former Director General of the World Trade Organization; The Rt Hon Brian Wilson MP, former UK Minister of Trade; Dr Magda Shahin, Deputy Assistant Minister of Foreign Affairs at the Egyptian Ministry of Foreign Affairs; Pradeep Mehta, Secretary General, Consumer Unity and Trust Society, India; and Dr Michel Potier, Head of the Economics Division at the OECD's Environment Directorate. (Author)

Trade-offs and Opportunities in the Nexus of Energy and Water-for-Food

Science.gov (United States)

Rosegrant, M. W.

2015-12-01

The world economy is under pressure for greater, more efficient and more sustainable use of natural resources to meet complementary and competing objectives in the energy, water, and food sectors. Increasing national, regional, and seasonal water scarcities in much of the world pose severe challenges for national governments, the international development community, and ultimately, for individual water users. This presentation assesses the nexus between energy and water, with an emphasis on the interactions and trade-offs between energy and water for food production. It examines the impact of biofuel production on water quantity and quality, and the potential for hydropower potential to meet energy challenges while expanding irrigation water supplies and food production potential, thereby enhancing global food security. Biofuel production affects both water quantity and quality. Expanding production of biofuels—through either crop-based production systems or direct biomass production—can significantly increase demand for water as more acreage is planted or the crop mix begins to favor thirstier crops; water demand for bio-refineries creates additional competition with agricultural water use. Water quality can also be adversely affected by increased acreage for fertilizer-intensive crops, such as maize or sugarcane, which can result in increased nitrate run-off and soil erosion. Hydropower has become a relatively forgotten part of the energy-water security picture that deserves renewed attention. Unlike biofuels, hydropower does not normally compete with agricultural water. Instead, development of hydropower could complement food production by developing dam structures and power that also provide irrigation water and support its distribution for growing food crops. But balanced hydropower policies require consideration of potential trade-offs with environmental and social impacts.

17 CFR 240.11a-1 - Regulation of floor trading.

Science.gov (United States)

2010-04-01

... 17 Commodity and Securities Exchanges 3 2010-04-01 2010-04-01 false Regulation of floor trading... Securities Exchange Act of 1934 Adoption of Floor Trading Regulation (rule 11a-1) § 240.11a-1 Regulation of floor trading. (a) No member of a national securities exchange, while on the floor of such exchange...

Rules of Origin for Goods and Services: Conceptual Issues and Economic Considerations

OpenAIRE

Hoekman, Bernard

1993-01-01

Rules of origin form part of the traditional trade policy landscape. They are necessary for any government that seeks to distinguish between different foreign sources of supply of a product. This paper provides a basic introduction to the conceptual issues that arise in this area. It discusses both origin rules for products and producers, the latter being crucial in the context of trade in services, and summarizes the results of the economic literature with respect to rules of origin. The int...

World Trade Organization: U.S. Experience in Dispute Settlement System: The First Five Years

National Research Council Canada - National Science Library

2000-01-01

.... Established in January 1995 as a result of the Uruguay Round of international trade negotiations, the WTO administers rules for international trade and provides a forum for conducting trade negotiations...

Designing multi-reservoir system designs via efficient water-energy-food nexus trade-offs - Selecting new hydropower dams for the Blue Nile and Nepal's Koshi Basin

Science.gov (United States)

Harou, J. J.; Hurford, A.; Geressu, R. T.

2015-12-01

Many of the world's multi-reservoir water resource systems are being considered for further development of hydropower and irrigation aiming to meet economic, political and ecological goals. Complex river basins serve many needs so how should the different proposed groupings of reservoirs and their operations be evaluated? How should uncertainty about future supply and demand conditions be factored in? What reservoir designs can meet multiple goals and perform robustly in a context of global change? We propose an optimized multi-criteria screening approach to identify best performing designs, i.e., the selection, size and operating rules of new reservoirs within multi-reservoir systems in a context of deeply uncertain change. Reservoir release operating rules and storage sizes are optimized concurrently for each separate infrastructure design under consideration across many scenarios representing plausible future conditions. Outputs reveal system trade-offs using multi-dimensional scatter plots where each point represents an approximately Pareto-optimal design. The method is applied to proposed Blue Nile River reservoirs in Ethiopia, where trade-offs between capital costs, total and firm energy output, aggregate storage and downstream irrigation and energy provision for the best performing designs are evaluated. The impact of filling period for large reservoirs is considered in a context of hydrological uncertainty. The approach is also applied to the Koshi basin in Nepal where combinations of hydropower storage and run-of-river dams are being considered for investment. We show searching for investment portfolios that meet multiple objectives provides stakeholders with a rich view on the trade-offs inherent in the nexus and how different investment bundles perform differently under plausible futures. Both case-studies show how the proposed approach helps explore and understand the implications of investing in new dams in a global change context.

ASPECTS OF MULTIMODAL TRANSPORT IN THE ROTTERDAM RULES

Directory of Open Access Journals (Sweden)

Alina SULICU

2012-11-01

Full Text Available The United Nations Convention on Contracts for the International Carriage of Goods Wholly or Partly by Sea (hereinafter – The Rotterdam Rules or Convention signed on 23 September 2009 is taking a novel approach to international trade. It might be the reason why it has not received positive acknowledgement from the signatories, law experts and other interested parties. However, one might wonder whether the trade itself stayed novel-free during the past several decades. It should not come as a surprise that it has not. Tackle-to tackle approach is no longer applicable to a majority of contracts concluded that provide for delivery to the consignee’s doorstep, as of 1970 container ships and container terminals dominate cargo handling in ports and onboard the ship, electronic communication and documentation is becoming a common feature in the current trade. Even if there are more developments to be named, the aforementioned three make the regime under the Hague ,Hague-Visby and Hamburg Rules appear outdated. So is the unfamiliar approach as envisioned by the Rotterdam Rules really such a big failure?

75 FR 20401 - Self-Regulatory Organizations; NYSE Amex LLC; Notice of Filing of Proposed Rule Change, and...

Science.gov (United States)

2010-04-19

.... Proposed NYSE Amex Equities Rule 510 (Derivative Securities Products) The Exchange also proposes some... derivative securities products,'' as defined in Rule 19b-4(e) under the Act and traded pursuant to Rule 19b-4.../or approved by the Commission for the generic trading of derivative securities products based on...

78 FR 19566 - Request for Comments Concerning Proposed Transatlantic Trade and Investment Agreement

Science.gov (United States)

2013-04-01

.... International Trade Commission (ITC) regarding the probable economic effect on U.S. industries and consumers of... disciplines addressing emerging challenges in international trade that should be pursued in the negotiations and that would benefit U.S.-EU trade as well as strengthen the multilateral rules-based trading system...

Physicians and Insider Trading.

Science.gov (United States)

Kesselheim, Aaron S; Sinha, Michael S; Joffe, Steven

2015-12-01

Although insider trading is illegal, recent high-profile cases have involved physicians and scientists who are part of corporate governance or who have access to information about clinical trials of investigational products. Insider trading occurs when a person in possession of information that might affect the share price of a company's stock uses that information to buy or sell securities--or supplies that information to others who buy or sell--when the person is expected to keep such information confidential. The input that physicians and scientists provide to business leaders can serve legitimate social functions, but insider trading threatens to undermine any positive outcomes of these relationships. We review insider-trading rules and consider approaches to securities fraud in the health care field. Given the magnitude of the potential financial rewards, the ease of concealing illegal conduct, and the absence of identifiable victims, the temptation for physicians and scientists to engage in insider trading will always be present. Minimizing the occurrence of insider trading will require robust education, strictly enforced contractual provisions, and selective prohibitions against high-risk conduct, such as participation in expert consulting networks and online physician forums, by those individuals with access to valuable inside information.

TNS engineering trade study analysis

International Nuclear Information System (INIS)

Chapin, D.L.; Gibson, G.

1977-01-01

The computer code, ground rules, and plasma scalings used in the trade studies are briefly discussed. The results of these analyses are presented in detail. The results are summarized and pertinent conclusions and recommendations regarding the TNS design options are discussed

Analysis of virtual water flows associated with the trade of maize in the SADC region: importance of scale

Directory of Open Access Journals (Sweden)

J. M. Dabrowski

2009-10-01

Full Text Available The concept of virtual water encourages a country to view agricultural crops in terms of the amount of water required to produce those crops, with a view to implementing trading policies that promote the saving of scarce water resources. Recently, increased attention has focussed on partitioning the virtual water content of crops into green and blue water (derived from rainfall and irrigation, respectively as the latter has higher opportunity costs associated with its use and therefore impacts directly on scarcity. Maize is the most important crop traded within the SADC region. South Africa is the largest producer and exporter of maize, with the majority of its exports destined for other SADC countries. In comparison to other SADC countries, South Africa produces maize relatively efficiently, with a low virtual water content and a high green (868 m³ t⁻¹ to blue (117 m³ t⁻¹ water ratio. The blue water content is however higher than for maize produced in all other SADC countries, with the exception of Namibia (211 m³ t⁻¹. Current trade patterns therefore result in a net expenditure of blue water (66×10⁶ m³, almost all of which is exported by South Africa (65×10⁶ m³. South Africa is one of the most water scarce countries in the region and analysis of virtual water flows indicates that current SADC maize trading patterns are influenced by national productivity as opposed to water scarcity. The virtual water content of maize was estimated for each of South Africa's nineteen Water Management Area's (WMA and used as a proxy to represent water use efficiency for maize production. The virtual water content varied widely across all of the WMAs, ranging from 360 m³ t⁻¹ in the Ustutu Mhlatuze to 1000 m³ t⁻¹ in the Limpopo. A comparison of the virtual water content and production of maize

Moving average rules as a source of market instability

NARCIS (Netherlands)

Chiarella, C.; He, X.Z.; Hommes, C.H.

2006-01-01

Despite the pervasiveness of the efficient markets paradigm in the academic finance literature, the use of various moving average (MA) trading rules remains popular with financial market practitioners. This paper proposes a stochastic dynamic financial market model in which demand for traded assets

17 CFR 33.4 - Designation as a contract market for the trading of commodity options.

Science.gov (United States)

2010-04-01

... capable of being transferred, assigned or otherwise disposed of other than on or subject to the rules of... regulations: (A) The cash market for the underlying physical exhibits sufficient liquidity such that the... the board of trade. (b) Such board of trade adopts rules which: (1) Prescribe in regard to strike...

Trade treaties and alcohol advertising policy.

Science.gov (United States)

Gould, Ellen

2005-09-01

Restrictions on alcohol advertising are vulnerable to challenge under international trade agreements. As countries negotiate new trade treaties and expand the scope of existing ones, the risk of such a challenge increases. While alcohol advertising restrictions normally do not distinguish between foreign and domestic products, this neutral character does not protect them from being challenged under trade rules. The article analyzes four provisions of trade agreements--expropriation, de facto discrimination, market access, and necessity--in relation to the jeopardy they pose for alcohol advertising restrictions. Key cases are reviewed to illustrate how these provisions have been used to either overturn existing advertising restrictions or prevent new ones from coming into force. The article also reports on the mixed results governments have had in trying to justify their regulations to trade panels and the stringent criteria imposed for proving that a regulation is "necessary."

16 CFR Appendix D5 to Part 305 - Water Heaters-Heat Pump

Science.gov (United States)

2010-01-01

... 16 Commercial Practices 1 2010-01-01 2010-01-01 false Water Heaters-Heat Pump D5 Appendix D5 to Part 305 Commercial Practices FEDERAL TRADE COMMISSION REGULATIONS UNDER SPECIFIC ACTS OF CONGRESS RULE... Appendix D5 to Part 305—Water Heaters—Heat Pump Range Information CAPACITY FIRST HOUR RATING Range of...

Feeding humanity through global food trade

Science.gov (United States)

D'Odorico, Paolo; Carr, Joel A.; Laio, Francesco; Ridolfi, Luca; Vandoni, Stefano

2014-09-01

The recent intensification of international trade has led to a globalization of food commodities and to an increased disconnection between human populations and the land and water resources that support them through crop and livestock production. Several countries are not self-sufficient and depend on imports from other regions. Despite the recognized importance of the role of trade in global and regional food security, the societal reliance on domestic production and international trade remains poorly quantified. Here we investigate the global patterns of food trade and evaluate the dependency of food security on imports. We investigate the relationship existing between the trade of food calories and the virtual transfer of water used for their production. We show how the amount of food calories traded in the international market has more than doubled between 1986 and 2009, while the number of links in the trade network has increased by more than 50%. Likewise, global food production has increased by more than 50% in the same period, providing an amount of food that is overall sufficient to support the global population at a rate of 2700-3000 kcal per person per day. About 23% of the food produced for human consumption is traded internationally. The water use efficiency of food trade (i.e., food calories produced per unit volume of water used) has declined in the last few decades. The water use efficiency of food production overall increases with the countries' affluence; this trend is likely due to the use of more advanced technology.

15 CFR 20.4 - Rules against age discrimination.

Science.gov (United States)

2010-01-01

... 15 Commerce and Foreign Trade 1 2010-01-01 2010-01-01 false Rules against age discrimination. 20.4 Section 20.4 Commerce and Foreign Trade Office of the Secretary of Commerce NONDISCRIMINATION ON THE BASIS..., be excluded from participation in, be denied the benefits of, or be subjected to discrimination under...

WETLANDS AND WATER QUALITY TRADING: REVIEW OF CURRENT SCIENCE AND ECONOMIC PRACTICES WITH SELECTED CASE STUDIES

Science.gov (United States)

The study evaluates the technical, economic, and administrative aspects of establishing water quality trading (WQT) programs where the nutrient removal capacity of wetlands is used to improve water quality. WQT is a potentially viable approach for wastewater dischargers to cost-e...

Trading Water Conservation Credits: A Coordinative Approach for Enhanced Urban Water Reliability

Science.gov (United States)

Gonzales, P.; Ajami, N. K.

2016-12-01

Water utilities in arid and semi-arid regions are increasingly relying on water use efficiency and conservation to extend the availability of supplies. Despite spatial and institutional inter-dependency of many service providers, these demand-side management initiatives have traditionally been tackled by individual utilities operating in a silo. In this study, we introduce a new approach to water conservation that addresses regional synergies—a novel system of tradable water conservation credits. Under the proposed approach, utilities have the flexibility to invest in water conservation measures that are appropriate for their specific service area. When utilities have insufficient capacity for local cost-effective measures, they may opt to purchase credits, contributing to fund subsidies for utilities that do have that capacity and can provide the credits, while the region as whole benefits from more reliable water supplies. While similar programs have been used to address water quality concerns, to our knowledge this is one of the first studies proposing tradable credits for incentivizing water conservation. Through mathematical optimization, this study estimates the potential benefits of a trading program and demonstrates the institutional and economic characteristics needed for such a policy to be viable, including a proposed web platform to facilitate transparent regional planning, data-driven decision-making, and enhanced coordination of utilities. We explore the impacts of defining conservation targets tailored to local realities of utilities, setting credit prices, and different policy configurations. We apply these models to the case study of water utility members of the Bay Area Water Supply and Conservation Agency. Preliminary work shows that the diverse characteristics of these utilities present opportunities for the region to achieve conservation goals while maximizing the benefits to individual utilities through more flexible coordinative efforts.

WTO law and economics and restrictive practices in energy trade : The case of the OPEC cartel

NARCIS (Netherlands)

Marhold, Anna

2016-01-01

The World Trade Organization cannot deal comprehensively with restrictive export practices maintained by energy cartels such as the OPEC. The main reason for this is the absence of competition rules in the multilateral trading system. However, in spite of the fact that the WTO does not have rules on

Applying the input-output method to account for water footprint and virtual water trade in the Haihe River basin in China.

Science.gov (United States)

Zhao, Xu; Yang, Hong; Yang, Zhifeng; Chen, Bin; Qin, Yan

2010-12-01

The virtual water strategy which advocates importing water intensive products and exporting products with low water intensity is gradually accepted as one of the options for solving water crisis in severely water scarce regions. However, if we count the virtual water embodied in imported products as the water saved for a region, we might overestimate the saving by including the virtual water that is later re-exported in association with the proceeded products made from the originally imported products. This problem can be avoided by accounting for the saved water through calculating water footprint (WF) in domestic final consumptive products. In this paper, an input-output analysis (IOA) based on the water footprint accounting framework is built to account for WF and virtual water trade of final consumptive products in the water stressed Haihe River basin in China for the year 1997, 2000, and 2002. The input-output transaction tables of the three years are constructed. The results show WF of 46.57, 44.52, and 42.71 billion m(3) for the three years, respectively. These volumes are higher than the water used directly in the corresponding years in the basin. A WF intensity (WFI) indicator is then used to assess if the economic activities in the basin are consistent with the virtual water strategy. The temporal change of the WFI is also decomposed by the index number analysis method. The results showed that the basin was silently importing virtual water through the trade of raw and processed food commodities under the background of the whole economic circulation.

76 FR 49479 - Franchise Rule Information Collection Activities; Proposed Collection; Comment Request

Science.gov (United States)

2011-08-10

... FEDERAL TRADE COMMISSION Franchise Rule Information Collection Activities; Proposed Collection... Concerning Franchising (``Franchise Rule''). That clearance expires on December 31, 2011. DATES: Comments... INFORMATION section below. Write ``Franchise Rule, PRA Comment, FTC File No. P094400'' on your comment, and...

Implementing greenhouse gas trading in Europe. Lessons from economic literature and international experiences

International Nuclear Information System (INIS)

Boemare, Catherine; Quirion, Philippe

2002-01-01

The European Commission (document COM (2001) 581) has recently presented a directive proposal to the European Parliament and Council in order to implement a greenhouse gas emission trading scheme. If this proposal survives the policy process, it will create the most ambitious trading system ever implemented. However, the legislative process is an opportunity for various interest groups to amend environmental policies, which as a result generally deviate further from what economic literature proposes. A close look at implemented emission trading schemes, stressing their discrepancies with economic literature requests, is thus useful to increase the chances of forthcoming emission trading schemes to go through the political process. We thus review ten emission trading systems, which are either implemented or at an advanced stage of the policy process. We draw attention to major points to be aware of when designing an emission trading system: sectoral and spatial coverage, permits allocation, temporal flexibility, trading organisation, monitoring, enforcement, compliance, and the harmonisation vs. subsidiarity issue. The aim is to evaluate how far experiences in emission trading move away from theory and why. We then provide some lessons and recommendations on how to implement a greenhouse gas emission trading program in Europe. We identify some pros of the Commission proposal (spatial and sectoral coverage, temporal flexibility, trading organisation, compliance rules), some potential drawbacks (allocation rules, monitoring and enforcement) and items on which further guidance is needed (monitoring and allocation rules). Lastly, the European Commission should devote prominent attention to the US NO X Ozone Transport Commission budget program, as the only example of integration between the federal and state levels

77 FR 31683 - Notice of Effective Date of Modifications to a Rule of Origin of the United States-Australia Free...

Science.gov (United States)

2012-05-29

... Rule of Origin of the United States-Australia Free Trade Agreement AGENCY: Office of the United States Trade Representative. ACTION: Notice of effective date for goods of Australia of certain modifications to a product-specific rule of origin under the United States-Australia Free Trade Agreement (USAFTA...

Maths for the building trades

CERN Document Server

Kidd, Jim

2014-01-01

Maths for the Building Trades provides students of all ages with an easy-to-understand guide to the fundamental mathematics that is required in their area of study and beyond. It can be used as a learning programme on its own or in conjunction with the textbooks associated with their chosen trade. The book assumes only a minimum level of mathematical knowledge and thoroughly covers the basic rules. It then goes on to fully explain some of the more complex areas in which the student will be required to demonstrate competence.

Incidence of the WTO Anti-Discrimination Rules on Corporation Income Taxation

OpenAIRE

Hatice Jenkins; Glenn Jenkins

2007-01-01

Many countries with free trade zones or export processing zones now exempt from corporate income taxation the income of firms exporting from these areas. The WTO has attempted to eliminate this exemption through its rules to promote the non-discrimination of fiscal systems with respect to export production. In particular, these rules do not allow countries to exempt the income of firms exporting from Free Trade Zones from corporate income taxation. This paper examines both theoretically as we...

75 FR 60352 - Notice of Proposed Rulemaking: Mortgage Acts and Practices - Advertising Rule

Science.gov (United States)

2010-09-30

... Acts and Practices - Advertising Rule AGENCY: Federal Trade Commission (FTC or Commission). ACTION...) relating to unfair or deceptive acts and practices that may occur with regard to mortgage advertising, the Mortgage Acts and Practices (MAP) - Advertising Rule (proposed rule). The proposed rule published for...

A FRAMEWORK FOR TRANSPARENCY IN INTERNATIONAL TRADE

Directory of Open Access Journals (Sweden)

Bernal Turnes, Paloma

2015-01-01

Full Text Available The aim of this paper is to cover the gap in literature about transparency in the context of international trade facilitation. It focuses on the importance of transparency in achieving growth in international trade and the differences between non-transparent practices and corruption in global trade. Managing the disclosure of information about rules, regulations and laws is not the only trade policy instrument where transparency becomes important. To build a framework on levels of transparency we developed a matrix classifying the transparency of each country based on ease of doing business and levels of bribery. Four different strategies are explained based on the different scenarios of transparency in international trade. The main conclusions reflect that disclosure of information is not enough to guarantee transparency and monitoring of transparency must be improved.

Emissions trading in the context of electricity deregulation : a case study on Ontario

International Nuclear Information System (INIS)

Johns, G.

2003-01-01

This presentation discussed the deregulation of the electric power industry in Ontario and Alberta with particular reference to emissions trading, emissions profiles for the two provinces, and current market rules. It was noted that deregulation in Ontario is the major impetus for developing an emission trading system. Alberta is also in the process of developing an emission trading system for all industry sectors. The author discussed Ontario's Bill 210 which places a 6 year cap on prices and which offers tax incentives for renewable energy sources. It was argued that Bill 210 negates new generation and inhibits participants and competition in emissions trading market. Ontario generators face competitiveness concerns with neighbouring jurisdictions. Current market rules were outlined for emission caps, allocation for nitrogen oxide and sulfur dioxide allowances, credit creation, emission trading, and credit use. 6 figs

The choice of strategic trade policy in China under the WTO frame

Institute of Scientific and Technical Information of China (English)

陆长春; 唐丹; 王新辉; 张德晖

2007-01-01

This text first elaborated the core thought and apply condition of the strategic trade policy first;secondly Put the strategic trade policy and WTO rule together to carry on analysis;finally,Combine the concrete circumstance of China,Put forward several suggestions on carrying out a strategic trade policy under the WTO frame。

Hydrological challenges to groundwater trading: Lessons from south-west Western Australia

Science.gov (United States)

Skurray, James H.; Roberts, E. J.; Pannell, David J.

2012-01-01

SummaryPerth, Western Australia (pop. 1.6 m) derives 60% of its public water supply from the Gnangara groundwater system (GGS). Horticulture, domestic self-supply, and municipal parks are other major consumers of GGS groundwater. The system supports important wetlands and groundwater-dependent ecosystems. Underlying approximately 2200 km 2 of the Swan Coastal Plain, the GGS comprises several aquifer levels with partial interconnectivity. Supplies of GGS groundwater are under unprecedented stress, due to reduced recharge and increases in extraction. Stored reserves in the superficial aquifer fell by 700 GL between 1979 and 2008. Over a similar period, annual extraction for public supply increased by more than 350% from the system overall. Some management areas are over-allocated by as much as 69%. One potential policy response is a trading scheme for groundwater use. There has been only limited trading between GGS irrigators. Design and implementation of a robust groundwater trading scheme faces hydrological and/or hydro-economic challenges, among others. Groundwater trading involves transfers of the right to extract water. The resulting potential for spatial (and temporal) redistribution of the impacts of extraction requires management. Impacts at the respective selling and buying locations may differ in scale and nature. Negative externalities from groundwater trading may be uncertain as well as not monetarily compensable. An ideal groundwater trading scheme would ensure that marginal costs from trades do not exceed marginal benefits, incorporating future effects and impacts on third-parties. If this condition could be met, all transactions would result in constant or improved overall welfare. This paper examines issues that could reduce public welfare if groundwater trading is not subject to well-designed governance arrangements that are appropriate to meeting the above condition. It also outlines some opportunities to address key risks within the design of a

The balance-of-payments constraint:from balanced trade to sustainable debt

Directory of Open Access Journals (Sweden)

Nelson H. Barbosa-Filho

2001-12-01

Full Text Available This paper extends the balance-of-payments constraint on growth known as Thirlwall's law to incorporate unbalanced trade and debt accumulation. Assuming that small open economies face a liquidity constraint, the text shows the growth and real-exchange-rate policy rules consistent with a stable ratio of net exports to income. Given such rules, the text shows how the trade balance of a small open economy is residually determined by the ratio of foreign debt to income allowed by international conditions.

WTO rules and practices for transparency and engagement with civil society organizations

OpenAIRE

Perez-Esteve, Maria

2012-01-01

In a rapidly changing trade environment, marked by economic slowdown and impasse in the Doha Round, the success of the WTO in promoting and legitimizing the rules-based multilateral trading system rests, to a large extent, on maintaining effective relations with civil society, including non-governmental organisations. This paper provides an overview of the WTO's rules and practices for transparency and engagement with NGOs. First, it looks at both internal and external transparency. Second, i...

Evidence for Indo-Roman trade from Bet Dwarka waters, west coast of India

Digital Repository Service at National Institute of Oceanography (India)

Gaur, A.S.; Sundaresh; Tripati, S.

India had a very active maritime trade contact with the Roman world between the 4th century BC and the 4th century AD. In this context recent finds of stone anchors, potsherds, lead anchors and a lead ingot from 5 to 8 m water-depth near Bet Dwarka...

78 FR 21045 - Confirmation, Portfolio Reconciliation, Portfolio Compression, and Swap Trading Relationship...

Science.gov (United States)

2013-04-09

... COMMODITY FUTURES TRADING COMMISSION 17 CFR Part 23 RIN 3038-AC96 Confirmation, Portfolio Reconciliation, Portfolio Compression, and Swap Trading Relationship Documentation Requirements for Swap Dealers... CFTC published final rules setting forth requirements for swap confirmation, portfolio reconciliation...

Analysis of virtual water flows associated with the trade of maize in the SADC region: importance of scale

CSIR Research Space (South Africa)

Dabrowski, James M

2009-10-01

Full Text Available The concept of virtual water encourages a country to view agricultural crops in terms of the amount of water required to produce those crops, with a view to implementing trading policies that promote the saving of scarce water resources. Recently...

The World Trade Organization and organic food trade

DEFF Research Database (Denmark)

Daugbjerg, Carsten

2012-01-01

disagreement on whether the WTO's Agreement on Technical Barriers to Trade (addresses food labelling) covers production standards based on ethical values such as those defining organic food standards. Another problem is that two sets of international standards for organic food exist—the Codex Alimentarius...... guidelines and the standards of the International Federation of Organic Agriculture Movements. Finally, many certification bodies are private organisations certifying on the basis of government standards. This blurs the distinction between private and public and questions whether WTO rules apply...

Marketing instruments of foreign trade promotion

Directory of Open Access Journals (Sweden)

Bjelić Predrag

2011-01-01

Full Text Available Instruments of promotion as a part of marketing mix are usually associated with companies but more and more countries use this instrument in order to boost their exports. These foreign trade promotion instruments are now popular in many countries in the world since their use is not opposed to any World Trade Organization rules. Marketing instruments of trade promotions are the most important. They include National Exhibitions and National labels of origin and quality. In order to coordinate the application of these instruments countries have established national bodies for trade promotion. Many studies in the past had argued that national Agencies established to promote export did not had any real success, but recent studies indicate that they could have a significant impact on country export promotion. The result of this rise in impact of national export promotion agencies is due to international effort spearheaded by International Trade Center. The aim of this paper is to point out types and methods of marketing instruments application in trade promotion and to present the effectiveness of these instruments applications.

ANTIDUMPING RULES IN TRADE NEGOTIATIONS: THE CASE OF THE WESTERN HEMISPHERE

Directory of Open Access Journals (Sweden)

Germán A. de la Reza

2006-07-01

Full Text Available This paper studies antidumping trade negotiation in the Americas. It focuses on three important sides of the problem: the theoretical background of the antidumping effects on industry and consumers; the impact of the antidumping investigations in the inter-American trade, highlighting the concentration of costs on the small economies, and the alternatives voided to diminish the aggravation of the hemispheric asymmetries. The conclusion observes the importance of achieving a more-balanced negotiating outcome, taking into consideration both, economic and administrative disparities.

Five essays on emissions trading

Energy Technology Data Exchange (ETDEWEB)

Godal, Odd

2005-03-01

The thesis discusses energy, environmental and economic aspects of polluting emissions with emphasis on greenhouse gas trade and political measures. 5 papers are included with titles: 1) Carbon trading across sources and periods constrained by the Marrakesh Accords which examines examine the potential effects on permit prices and abatement costs of four compliance rules governing emissions trade across sources and periods in the Kyoto Protocol: The banking rule that allows excess permits to be used later; the restoration rate rule that penalizes borrowing; the commitment period reserve rule that limits sales; and finally, the suspension rule that restricts borrowing and sales. Our framework is a two-period model where parties may be out of compliance in the Kyoto period, but are assumed to comply at a later time. Under varying assumptions about market power and US participation, we find that the rules may have pronounced effects on individual costs, but overall efficiency is not severely affected. 2) Affine price expectations and equilibrium in strategic markets which considers equilibrium in imperfect markets, featuring agents who exchange property rights. Important cases include trade in emission permits of greenhouse gases, or exchange of catch quotas of fish. Some players act strategically while others are price-takers. The ''demand curve'' is endogenous, and it affects all parties. The resulting, reduced objectives need not be concave. Therefore, existence of equilibrium is a delicate matter. To simplify things, and to ensure availability of ''equilibria up to first order'', we presume that all strategic agents form affine price expectations. 3) Greenhouse gases, quota exchange and oligopolistic competition that discusses the problem how quotas can be shared in the ''emissions market'' and how can the agents reach as overall equilibrium in the product market. 4) Strategic markets in property rights

Five essays on emissions trading

Energy Technology Data Exchange (ETDEWEB)

Godal, Odd

2005-03-01

The thesis discusses energy, environmental and economic aspects of polluting emissions with emphasis on greenhouse gas trade and political measures. 5 papers are included with titles: 1) Carbon trading across sources and periods constrained by the Marrakesh Accords which examines examine the potential effects on permit prices and abatement costs of four compliance rules governing emissions trade across sources and periods in the Kyoto Protocol: The banking rule that allows excess permits to be used later; the restoration rate rule that penalizes borrowing; the commitment period reserve rule that limits sales; and finally, the suspension rule that restricts borrowing and sales. Our framework is a two-period model where parties may be out of compliance in the Kyoto period, but are assumed to comply at a later time. Under varying assumptions about market power and US participation, we find that the rules may have pronounced effects on individual costs, but overall efficiency is not severely affected. 2) Affine price expectations and equilibrium in strategic markets which considers equilibrium in imperfect markets, featuring agents who exchange property rights. Important cases include trade in emission permits of greenhouse gases, or exchange of catch quotas of fish. Some players act strategically while others are price-takers. The ''demand curve'' is endogenous, and it affects all parties. The resulting, reduced objectives need not be concave. Therefore, existence of equilibrium is a delicate matter. To simplify things, and to ensure availability of ''equilibria up to first order'', we presume that all strategic agents form affine price expectations. 3) Greenhouse gases, quota exchange and oligopolistic competition that discusses the problem how quotas can be shared in the ''emissions market'' and how can the agents reach as overall equilibrium in the product market. 4) Strategic markets in property rights without price-takers that deals with Cournot-type models of

75 FR 57384 - Rescission of Rules Pertaining to the Payment of Bounties for Information Leading to the Recovery...

Science.gov (United States)

2010-09-21

.... SUPPLEMENTARY INFORMATION: The Insider Trading and Securities Fraud Enforcement Act of 1988 authorized the... SECURITIES AND EXCHANGE COMMISSION 17 CFR Part 201 [Release No. 34-62921] Rescission of Rules... Trading AGENCY: Securities and Exchange Commission. ACTION: Final rule. SUMMARY: The Dodd-Frank Wall...

78 FR 26096 - Self-Regulatory Organizations; NASDAQ OMX PHLX LLC; Order Approving Proposed Rule Change To...

Science.gov (United States)

2013-05-03

... reflect what can be traded on the floor. The order types that are handled and executed automatically by... legs. The Commission believes that such automation may benefit the Exchange, its members and users, and... types in the rule reflect what can be traded on the floor. The Exchange is also amending Rule 1080...

78 FR 77743 - Self-Regulatory Organizations; NYSE Arca, Inc.; Order Granting Approval of Proposed Rule Change...

Science.gov (United States)

2013-12-24

...\\ a proposed rule change to list and trade shares (``Shares'') of the PIMCO Diversified Income... proposes to list and trade the Shares of the Funds pursuant to NYSE Arca Equities Rule 8.600, which governs... to other risks, such as interest rate or currency risk. A Fund may also use forwards to enhance...

Trade, development, and regulatory issues in food.

Science.gov (United States)

Ramaswamy, Sunder; Viswanathan, Brinda

2007-03-01

Trade in food and animal products has increased several-fold in the past decade, and simultaneously regulations governing the movement of such products across national boundaries have also increased. The present study reviews harmonization in food trade regulation by focusing on nutritional aspects to understand its role in enhancing world trade on the one hand and consumer interest and welfare on the other. Harmonization to a large extent brings in more regulation from the developed world acting through their governments, consumer organizations, and multinational companies; it does not seem to address, in general, the concerns of the large segments of the poor population for whom agriculture and food trade are the main sources of livelihood. There is a lack of quantifiable estimates of the loss in well-being of the disadvantaged. However, there is substantial research focused on the potential harm to developed nations as a result of nonadherence to the rules. Clearly, lack of adequate infrastructure, resource constraints, and weak institutions not only result in poor food safety regulation within developing countries but also remain barriers to realizing the greater potential benefits from increased trade. Harmonization of standards would have some losers and some winners, but to make it more inclusive, scientific knowledge alone may not be adequate; social and cultural aspects also need to be considered, since food systems differ among regions, with varying preferences, local resource availability, and levels of economic development. Improvement in governance in many countries not only would ensure better participation in international rule-making and the negotiation process for fairer trade but also would result in effective domestic legislation to ensure safer health for citizens, resulting in higher overall well-being.

17 CFR 41.24 - Rule amendments to security futures products.

Science.gov (United States)

2010-04-01

... rule amendment relating to a security futures product if the registered derivatives transaction... 17 Commodity and Securities Exchanges 1 2010-04-01 2010-04-01 false Rule amendments to security futures products. 41.24 Section 41.24 Commodity and Securities Exchanges COMMODITY FUTURES TRADING...

WTO accepts rules limiting medicine exports to poor countries.

Science.gov (United States)

James, John S

2003-09-12

In a controversial decision on August 30, 2003, the World Trade Organization agreed to complex rules limiting the export of medications to developing countries. Reaction to the decision so far has shown a complete disconnect between trade delegates and the WTO, both of which praise the new rules as a humanitarian advance, and those working in treatment access in poor countries, who believe that they will effectively block treatment from reaching many who need it. We have prepared a background paper that analyzes this decision and its implications and offers the opinions of key figures on both sides of the debate. It is clear that the rules were largely written for and probably by the proprietary pharmaceutical industry, and imposed on the countries in the WTO mainly by the United States. The basic conflict is that this industry does not want the development of international trade in low-cost generic copies of its patented medicines--not even for poor countries, where little or no market exists. Yet millions of people die each year without medication for treatable conditions such as AIDS, and drug pricing remains one of several major obstacles to controlling global epidemics.

World Trade Organization: U.S. Experience in Dispute Settlement System: The First Five Years

National Research Council Canada - National Science Library

2000-01-01

... of multilateral trade rules. In addition, the Uruguay Round agreements established a new dispute settlement system, replacing that under the General Agreement on Tariffs and Trade, the predecessor to the WTO...

17 CFR 240.12f-1 - Applications for permission to reinstate unlisted trading privileges.

Science.gov (United States)

2010-04-01

... reinstate unlisted trading privileges. 240.12f-1 Section 240.12f-1 Commodity and Securities Exchanges... Rules and Regulations Under the Securities Exchange Act of 1934 Unlisted Trading § 240.12f-1 Applications for permission to reinstate unlisted trading privileges. (a) An application to reinstate unlisted...

Trade in and Valuation of Virtual Water Impacts in a City: A Case Study Of Flagstaff, Arizona

Science.gov (United States)

Rushforth, R.; Ruddell, B. L.

2013-12-01

An increasingly intense component of the global coupled natural and human system (CNH) is the economic trade of various types of resources and the outsourcing of resource impacts between geographically distant economic systems. The human economy's trade arrangements allow specific localities, especially cities, to exceed spatially local resource stock sustainability and footprint constraints, as evidenced in the urban metabolism literature. Each movement or trade of a resource along a network is associated with an embedded or 'virtual' exchange of indirect impacts on the inputs to the production process. The networked trade of embedded resources, therefore, is an essential human adaptation to resource limitations. Using the Embedded Resource Impact Accounting (ERA) framework, we examine the network of embedded water flows created through the trade of goods and services and economic development in Flagstaff, Arizona, and associate these flows with the creation of value in sectors of the economy

Micro water harvesting for climate change mitigation: Trade-offs between health and poverty reduction in Northern Ethiopia

NARCIS (Netherlands)

Fitsum, H.; Mekonen, Y.; Linderhof, V.G.M.; Kruseman, G.; Mulugeta, A.; Girmay, G.; Zenebe, A.

2006-01-01

Water harvesting is an important tool for mitigating the adverse effects of climate change. This report investigates the trade-offs between health and poverty reduction by considering the impacts of water harvesting on health in Tigray region, northern Ethiopia. In particular, we assess the

78 FR 42809 - Self-Regulatory Organizations; Fixed Income Clearing Corporation; Order Approving Proposed Rule...

Science.gov (United States)

2013-07-17

... proposed rule change was published for comment in the Federal Register on June 4, 2013.\\3\\ The Commission... omitted). \\21\\ As with bilateral trades, counterparties to a locked-in trade may submit a ``DK Notice..., unlike with bilateral trades, the GSD considers a DK Notice in the context of a locked-in trade to be ``a...

A history of trade routes and water-level regulation on waterways in Voyageurs National Park, Minnesota, USA

Science.gov (United States)

Christensen, Victoria G.; LaBounty, Andrew E.

2018-01-01

Unlike most national parks, main access to Voyageurs National Park is by boat. This remote system of interconnected waterways along the USA-Canada border was an important transportation route for thousands of years of American Indian occupation, leading up to and including the trade route of the voyageurs, or French-Canadian fur traders from around 1680 to 1870. The Ojibwe people collaborated with the voyageurs and the two cultures developed a trade network that continued to rely on these waterways. By the mid-1800s, European fashion changed, and the fur trade dwindled while the Ojibwe remained tied to the land and waters. The complexity of the waterways increased with the installation of dams on two of the natural lakes in the early 1900s. Modern water levels have affected—and in some cases destabilized—vulnerable landforms within the past century. The knowledge of these effects can be used by resource managers to weigh the consequences of hydrologic manipulation in Voyageurs National Park.

EU Anti-Circumvention Rules: Do They Beat the Alternative?

OpenAIRE

Edwin Vermulst

2015-01-01

This article discusses EU law and practice with regard to tackling circumvention of trade defence instruments, notably anti-dumping measures. The author considers that, while strong legal arguments can be made that anti-circumvention rules are WTO-illegal, as a practical matter transparent and predictable anti-circumvention rules are to be preferred over vague and multi-interpretable non-preferential origin rules that vary from country to country. Furthermore, the many findings of transhipmen...

Central European Free Trade Agreement (CEFTA 2006 - Opportunities, Trade Relation and Evolution of Macedonian Economic Diplomacy

Directory of Open Access Journals (Sweden)

Krum Efremov

2015-07-01

Full Text Available Main activity in the foreign trade policy of the Republic of Macedonia during the past 10 years was the integration of the country on the Central European Free Trade Agreement – (CEFTA. The reason for this is the expectation that the membership of the Republic of Macedonia in CEFTA will significantly contribute to the continual efforts for strengthening the regional trade cooperation, further liberalisation of foreign trade exchange, and continuation of activities for harmonisation of trade rules with international standards. Additionally, CEFTA 2006 provides a much more comprehensive framework for development of mutual relations and economic cooperation among the countries of South Easte Europe. We will explain the concept of development of economic diplomacy in the Republic of Macedonia as a tool for supporting Macedonian economy. The purpose of these activities is to present the Republic of Macedonia as an attractive destination for foreign investments through the promotion of business advantages, and giving incentive to Macedonian export, as well as through strengthening of the country’s position as a attractive touristic destination.

77 FR 65920 - Self-Regulatory Organizations; NYSE Arca, Inc.; Notice of Filing of Proposed Rule Change Relating...

Science.gov (United States)

2012-10-31

... Trading of Shares of the Pring Turner Business Cycle ETF Under NYSE Arca Equities Rule 8.600 October 25... Turner Business Cycle ETF. The text of the proposed rule change is available on the Exchange's Web site... and trade shares (``Shares'') of the Pring Turner Business Cycle ETF (``Fund'') under NYSE Arca...

The Geometric Phase of Stock Trading.

Science.gov (United States)

Altafini, Claudio

2016-01-01

Geometric phases describe how in a continuous-time dynamical system the displacement of a variable (called phase variable) can be related to other variables (shape variables) undergoing a cyclic motion, according to an area rule. The aim of this paper is to show that geometric phases can exist also for discrete-time systems, and even when the cycles in shape space have zero area. A context in which this principle can be applied is stock trading. A zero-area cycle in shape space represents the type of trading operations normally carried out by high-frequency traders (entering and exiting a position on a fast time-scale), while the phase variable represents the cash balance of a trader. Under the assumption that trading impacts stock prices, even zero-area cyclic trading operations can induce geometric phases, i.e., profits or losses, without affecting the stock quote.

19 CFR 177.7 - Situations in which no ruling will be issued.

Science.gov (United States)

2010-04-01

....7 Section 177.7 Customs Duties U.S. CUSTOMS AND BORDER PROTECTION, DEPARTMENT OF HOMELAND SECURITY... for a ruling which fails to comply with the provisions of this part. Moreover, no ruling letter will... litigation in the United States Court of International Trade. No ruling letter will be issued with respect to...

International greenhouse gas emissions trading. Who should be held liable for the non-compliance by sellers?

International Nuclear Information System (INIS)

Zhang, Zhong Xiang

1999-01-01

Article 17 of the Kyoto Protocol authorizes emissions trading, but the rules governing emissions trading have been deferred to subsequent conferences. In designing and implementing an international greenhouse gas (GHG) emissions trading scheme, assigning liability has been considered to be one of the most challenging issues. This article discusses a variety of the rules for accountability under international GHG emissions trading. It indicates that a 'buyer beware' liability is effective only to the extent that it puts additional pressure on sellers to comply with their commitments because after all sellers exercise great, if not complete, control over whether or not they comply with their commitments. Because putting such a pressure on sellers to develop effective compliance systems is not without costs to buyers, a 'buyer beware' liability should thus be imposed only in the case where non-compliance of sellers is virtually certain to occur. Moreover, in determining the optimal combination of these not-mutually-exclusive rules for accountability that are discussed in the article, the marginal benefits of adding one rule needs to be weighted against the increased costs of doing so. 12 refs

Modeling the future evolution of the virtual water trade network: A combination of network and gravity models

Science.gov (United States)

Sartori, Martina; Schiavo, Stefano; Fracasso, Andrea; Riccaboni, Massimo

2017-12-01

The paper investigates how the topological features of the virtual water (VW) network and the size of the associated VW flows are likely to change over time, under different socio-economic and climate scenarios. We combine two alternative models of network formation -a stochastic and a fitness model, used to describe the structure of VW flows- with a gravity model of trade to predict the intensity of each bilateral flow. This combined approach is superior to existing methodologies in its ability to replicate the observed features of VW trade. The insights from the models are used to forecast future VW flows in 2020 and 2050, under different climatic scenarios, and compare them with future water availability. Results suggest that the current trend of VW exports is not sustainable for all countries. Moreover, our approach highlights that some VW importers might be exposed to "imported water stress" as they rely heavily on imports from countries whose water use is unsustainable.

Quantified moving average strategy of crude oil futures market based on fuzzy logic rules and genetic algorithms

Science.gov (United States)

Liu, Xiaojia; An, Haizhong; Wang, Lijun; Guan, Qing

2017-09-01

The moving average strategy is a technical indicator that can generate trading signals to assist investment. While the trading signals tell the traders timing to buy or sell, the moving average cannot tell the trading volume, which is a crucial factor for investment. This paper proposes a fuzzy moving average strategy, in which the fuzzy logic rule is used to determine the strength of trading signals, i.e., the trading volume. To compose one fuzzy logic rule, we use four types of moving averages, the length of the moving average period, the fuzzy extent, and the recommend value. Ten fuzzy logic rules form a fuzzy set, which generates a rating level that decides the trading volume. In this process, we apply genetic algorithms to identify an optimal fuzzy logic rule set and utilize crude oil futures prices from the New York Mercantile Exchange (NYMEX) as the experiment data. Each experiment is repeated for 20 times. The results show that firstly the fuzzy moving average strategy can obtain a more stable rate of return than the moving average strategies. Secondly, holding amounts series is highly sensitive to price series. Thirdly, simple moving average methods are more efficient. Lastly, the fuzzy extents of extremely low, high, and very high are more popular. These results are helpful in investment decisions.

77 FR 6850 - Self-Regulatory Organizations; NYSE Arca, Inc.; Order Granting Approval of Proposed Rule Change...

Science.gov (United States)

2012-02-09

... Listing and Trading of the PIMCO Total Return Exchange Traded Fund Under NYSE Arca Equities Rule 8.600... and trade shares (``Shares'') of the PIMCO Total Return Exchange Traded Fund (``Fund'') under NYSE... outlook for interest rates, currency exchange rates, and the economy, analyze credit and call risks, and...

The trading relationship between the EU and Mercosur: the mediatory role of Brazil

OpenAIRE

Santos, Filipa Daniela Gomes dos

2015-01-01

Dissertação de mestrado em European and Transglobal Business Law The global multilateralism has been the option for the expansion of trade and economic investments. The objectives of free trade exceeded the traditional notion of trade in goods liberalization to include contemporary topics such as services, investment and intellectual property and to be consistent with the rules established by the World Trade Organization (WTO). The interest of developing countries to impleme...

Water-Methanol Mixtures with non-Lorentz-Berthelot Combining Rules: A Feasibility Study

Czech Academy of Sciences Publication Activity Database

Moučka, F.; Nezbeda, Ivo

2011-01-01

Roč. 159, 1 Sp.I:Sl (2011), s. 47-51 ISSN 0167-7322 Institutional research plan: CEZ:AV0Z40720504 Keywords : water-alcohol mixtures * non-Lorentz-Berthelot rules * excess mixing properties Subject RIV: CF - Physical ; Theoretical Chemistry Impact factor: 1.580, year: 2011

Similarity rules of thermal stratification phenomena for water and sodium

International Nuclear Information System (INIS)

Ohtsuka, M.; Ikeda, T.; Yamakawa, M.; Shibata, Y.; Moriya, S.; Ushijima, S.; Fujimoto, K.

1988-01-01

Similarity rules for thermal stratification phenomena were studied using sodium and water experiments with scaled cylindrical vessels. The vessel dimensions were identical to focus on the effect of differences in fluid properties upon the phenomena. Comparisons of test results between sodium and water elucidated similar and dissimilar characteristics for thermal stratification phenomena which appeared in the scaled vessels. Results were as follows: (1) The dimensionless upward velocity of the thermal stratification interface was proportional to Ri -0.74 for water and sodium during the period when the buoyancy effect was dominant. (2) Dimensionless temperature transient rate at the outlet slit decreased with Ri for sodium and remained constant for water where Ri>0.2. The applicability of the scaled test results to an actual power plant was also studied by using multi-dimensional numerical analysis which was verified by the water and sodium experiments. Water experiments could simulate liquid metal fast breeder reactor flows more accurately than sodium experiments for dimensionless temperature gradient at the thermal stratification interface and dimensionless temperature transient rate at the intermediate heat exchanger inlet

Analysis of the characteristics of the global virtual water trade network using degree and eigenvector centrality, with a focus on food and feed crops

Directory of Open Access Journals (Sweden)

S.-H. Lee

2016-10-01

Full Text Available This study aims to analyze the characteristics of global virtual water trade (GVWT, such as the connectivity of each trader, vulnerable importers, and influential countries, using degree and eigenvector centrality during the period 2006–2010. The degree centrality was used to measure the connectivity, and eigenvector centrality was used to measure the influence on the entire GVWT network. Mexico, Egypt, China, the Republic of Korea, and Japan were classified as vulnerable importers, because they imported large quantities of virtual water with low connectivity. In particular, Egypt had a 15.3 Gm3 year−1 blue water saving effect through GVWT: the vulnerable structure could cause a water shortage problem for the importer. The entire GVWT network could be changed by a few countries, termed "influential traders". We used eigenvector centrality to identify those influential traders. In GVWT for food crops, the USA, Russian Federation, Thailand, and Canada had high eigenvector centrality with large volumes of green water trade. In the case of blue water trade, western Asia, Pakistan, and India had high eigenvector centrality. For feed crops, the green water trade in the USA, Brazil, and Argentina was the most influential. However, Argentina and Pakistan used high proportions of internal water resources for virtual water export (32.9 and 25.1 %; thus other traders should carefully consider water resource management in these exporters.

Analysis of the characteristics of the global virtual water trade network using degree and eigenvector centrality, with a focus on food and feed crops

Science.gov (United States)

Lee, Sang-Hyun; Mohtar, Rabi H.; Choi, Jin-Yong; Yoo, Seung-Hwan

2016-10-01

This study aims to analyze the characteristics of global virtual water trade (GVWT), such as the connectivity of each trader, vulnerable importers, and influential countries, using degree and eigenvector centrality during the period 2006-2010. The degree centrality was used to measure the connectivity, and eigenvector centrality was used to measure the influence on the entire GVWT network. Mexico, Egypt, China, the Republic of Korea, and Japan were classified as vulnerable importers, because they imported large quantities of virtual water with low connectivity. In particular, Egypt had a 15.3 Gm3 year-1 blue water saving effect through GVWT: the vulnerable structure could cause a water shortage problem for the importer. The entire GVWT network could be changed by a few countries, termed "influential traders". We used eigenvector centrality to identify those influential traders. In GVWT for food crops, the USA, Russian Federation, Thailand, and Canada had high eigenvector centrality with large volumes of green water trade. In the case of blue water trade, western Asia, Pakistan, and India had high eigenvector centrality. For feed crops, the green water trade in the USA, Brazil, and Argentina was the most influential. However, Argentina and Pakistan used high proportions of internal water resources for virtual water export (32.9 and 25.1 %); thus other traders should carefully consider water resource management in these exporters.

75 FR 28831 - Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing of a Proposed Rule...

Science.gov (United States)

2010-05-24

... second by comparing each last consolidated sale price of a security (``Trigger Trade'') during the...-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing of a Proposed Rule Change Adding Rule 80C To Provide for a Trading Pause for Individual Securities When the Price Moves 10 Percent or More...

Ethical food standard schemes and global trade

DEFF Research Database (Denmark)

Daugbjerg, Carsten; Botterill, Linda Courtenay

2012-01-01

Global food trade embodies a range of different interpretations of the nature of food and its role in society. On the one hand, the WTO food regulation regime, in particular the SPS agreement, is based upon a somewhat instrumental value of food consumption in which food is seen as a commodity...... base of each institution while giving expression to both materialist and postmaterialist understandings of the nature of food....... to be traded in accordance with international trade rules. At the same time, a number of private standards, such as GlobalG.A.P and various organic standards, are emerging which embody broadly postmaterialist values that suggest that food purchasing and consumption are also social, ethical and perhaps even...

An Assessment of the China-Korea Free Trade Agreement: Implementation Outcome and Influencing Factors

Directory of Open Access Journals (Sweden)

Meiling Wang

2017-04-01

Full Text Available China-Korea Free Trade Agreement tops the list of trade volume covered by 14 FTAs China has signed with its signatory counterparts. In principle, 100 days of China-Korea Free Trade Agreement (ChKFTA into effect as of December 20, 2015, through two stages of tariff reduction and/or elimination, can result in substantial benefits for Chinese imports and/or exports firms. The paper is a pilot questionnaire study assessing the enforcement outcome of ChKFTA, based on the responding firms’ perceived observations and views of the impact of ChKFTA on their trading activities in the first quarter of 2016, and the role of related rule of origin (RoO. Such an inquiry of the relationship between rule of origin and trade in goods aims at yielding evidence for decision-making on how to optimize the outcome of ChKFTA and China’s increasing number of FTAs as well.

76 FR 805 - Self-Regulatory Organizations; NYSE Arca, Inc.; Notice of Filing of Proposed Rule Change Relating...

Science.gov (United States)

2011-01-06

... Trading Shares of the SPDR Nuveen S&P High Yield Municipal Bond ETF December 30, 2010. Pursuant to Section... Change The Exchange proposes to list and trade shares of the SPDR Nuveen S&P High Yield Municipal Bond ETF under NYSE Arca Equities Rule 5.2(j)(3), Commentary .02. The text of the proposed rule change is...

A hybrid Bayesian network approach for trade-offs between environmental flows and agricultural water using dynamic discretization

Science.gov (United States)

Xue, Jie; Gui, Dongwei; Lei, Jiaqiang; Sun, Huaiwei; Zeng, Fanjiang; Feng, Xinlong

2017-12-01

Agriculture and the eco-environment are increasingly competing for water. The extension of intensive farmland for ensuring food security has resulted in excessive water exploitation by agriculture. Consequently, this has led to a lack of water supply in natural ecosystems. This paper proposes a trade-off framework to coordinate the water-use conflict between agriculture and the eco-environment, based on economic compensation for irrigation stakeholders. A hybrid Bayesian network (HBN) is developed to implement the framework, including: (a) agricultural water shortage assessments after meeting environmental flows; (b) water-use tradeoff analysis between agricultural irrigation and environmental flows using the HBN; and (c) quantification of the agricultural economic compensation for different irrigation stakeholders. The constructed HBN is computed by dynamic discretization, which is a more robust and accurate propagation algorithm than general static discretization. A case study of the Qira oasis area in Northwest China demonstrates that the water trade-off based on economic compensation depends on the available water supply and environmental flows at different levels. Agricultural irrigation water extracted for grain crops should be preferentially guaranteed to ensure food security, in spite of higher economic compensation in other cash crops' irrigation for water coordination. Updating water-saving engineering and adopting drip irrigation technology in agricultural facilities after satisfying environmental flows would greatly relieve agricultural water shortage and save the economic compensation for different irrigation stakeholders. The approach in this study can be easily applied in water-stressed areas worldwide for dealing with water competition.

Embedded resource accounting for coupled natural-human systems: An application to water resource impacts of the western U.S. electrical energy trade

Science.gov (United States)

Ruddell, Benjamin L.; Adams, Elizabeth A.; Rushforth, Richard; Tidwell, Vincent C.

2014-10-01

In complex coupled natural-human systems (CNH), multitype networks link social, environmental, and economic systems with flows of matter, energy, information, and value. Embedded Resource Accounting (ERA) is a systems analysis framework that includes the indirect connections of a multitype CNH network. ERA is conditioned on perceived system boundaries, which may vary according to the accountant's point of view. Both direct and indirect impacts are implicit whenever two subnetworks interact in such a system; the ratio of two subnetworks' impacts is the embedded intensity. For trade in the services of water, this is understood as the indirect component of a water footprint, and as "virtual water" trade. ERA is a generalization of input-output, footprint, and substance flow methods, and is a type of life cycle analysis. This paper presents results for the water and electrical energy system in the western U.S. This system is dominated by California, which outsources the majority of its water footprint of electrical energy. Electricity trade increases total water consumption for electricity production in the western U.S. by 15% and shifts water use to water-stressed Colorado River Basin States. A systemic underaccounting for water footprints occurs because state-level processes discount a portion of the water footprint occurring outside of the state boundary.

NPT, export controls and nuclear trade

International Nuclear Information System (INIS)

Pande, Savita

1997-01-01

Nuclear trade has by and large remained unhampered vis-a-vis both the NPT as well as export control regulations. The NPT rules are regarded as insufficient, the guidelines appear to contravene the spirit of cooperation in trade and development between suppliers and recipients and there is no agreement among leading suppliers themselves on what constitutes the proper conduct of trade. Export control regimes are more or less too informal to be able to be implemented. The supplier states have to invariably depend on national legislations which again vary from country to country. The only common formal basis on which action can be taken is, therefore, the NPT, its loopholes notwithstanding. The idea of transparency, and supplier-recipient dialogue continues to be a myth and will continue to be so long as these regimes remain discriminatory, so long as some nations are more powerful than others by virtue of retaining nuclear weapons and superiority in nuclear technology and trade

Guidance to regulations on trade with emission permits for carbon dioxide; Vaegledning till lagstiftning om handel med utslaeppsraetter foer koldioxid

Energy Technology Data Exchange (ETDEWEB)

2008-07-15

This guidance is intended to facilitate application of the rules on emissions trading. The guidance is principally concerned with issues relating to permit appraisal and monitoring, but also discusses some terms common to permits and allocations, such as installation and operator. The guidance follows the same structure as the Swedish Environmental Protection Agency regulations (NFS 2007:5) in order to provide direct support for the rules. The focus is on providing a general description of the responsibilities of the operator and application of the rules. In addition, some difficult terms and relationships are explained. However, no exhaustive description of the operator's responsibilities is given, nor are the rules on verification described. We therefore recommend that the guidance should be read in conjunction with the Trading Act, the Trading Ordinance and the Swedish Environmental Protection Agency regulations. The first chapter presents a brief description of the purpose of the trading scheme, and is followed by a chapter in which the rules on applying for permits and the application procedure are reviewed. The next chapter gives a description of how the operator should monitor emissions and how the rules for the monitoring plan work, as well as the options that exist for simplified monitoring. The next chapter looks at notifications the operator might have to make and what they should contain. Guidance is also provided on how the county administrative board should process these notifications. The conditions of the permit decision are also briefly described. This is followed by a short chapter on the emissions report and the materiality threshold. The final chapter comments on certain parts of the annexes to the regulations. The EU Emissions Trading Directive has been implemented in Sweden through the Emissions Trading Act (2004:1199) (the Trading Act), the Emissions Trading Ordinance (2004:1205), the Swedish Environmental Protection Agency regulations

The Air-Carbon-Water Synergies and Trade-Offs in China's Natural Gas Industry

Science.gov (United States)

Qin, Yue

China's coal-dominated energy structure is partly responsible for its domestic air pollution, local water stress, and the global climate change. Primarily to tackle the haze issue, China has been actively promoting a nationwide coal to natural gas end-use switch. My dissertation focuses on evaluating the air quality, carbon, and water impacts and their interactions in China's natural gas industry. Chapter 2 assesses the lifecycle climate performance of China's shale gas in comparison to coal based on stage-level energy consumption and methane leakage rates. I find the mean lifecycle carbon footprint of shale gas is about 30-50% lower than that of coal under both 20 year and 100 year global warming potentials (GWP20 and GWP100). However, primarily due to large uncertainties in methane leakage, the lifecycle carbon footprint of shale gas in China could be 15-60% higher than that of coal across sectors under GWP20. Chapter 3 evaluates the air quality, human health, and the climate impacts of China's coal-based synthetic natural gas (SNG) development. Based on earlier 2020 SNG production targets, I conduct an integrated assessment to identify production technologies and end-use applications that will bring as large air quality and health benefits as possible while keeping carbon penalties as small as possible. I find that, due to inefficient and uncontrolled coal combustion in households, allocating currently available SNG to the residential sector proves to be the best SNG allocation option. Chapter 4 compares the air quality, carbon, and water impacts of China's six major gas sources under three end-use substitution scenarios, which are focused on maximizing air pollutant emission reductions, CO 2 emission reductions, and water stress index (WSI)-weighted water consumption reductions, respectively. I find striking national air-carbon/water trade-offs due to SNG, which also significantly increases water demands and carbon emissions in regions already suffering from

Algorithmic Trading with Developmental and Linear Genetic Programming

Science.gov (United States)

Wilson, Garnett; Banzhaf, Wolfgang

A developmental co-evolutionary genetic programming approach (PAM DGP) and a standard linear genetic programming (LGP) stock trading systemare applied to a number of stocks across market sectors. Both GP techniques were found to be robust to market fluctuations and reactive to opportunities associated with stock price rise and fall, with PAMDGP generating notably greater profit in some stock trend scenarios. Both algorithms were very accurate at buying to achieve profit and selling to protect assets, while exhibiting bothmoderate trading activity and the ability to maximize or minimize investment as appropriate. The content of the trading rules produced by both algorithms are also examined in relation to stock price trend scenarios.

Trade Fairs, Markets and Fields

DEFF Research Database (Denmark)

Moeran, Brian

2011-01-01

This working paper takes as its starting point the work of the German economic sociologist, Jens Beckert, and his call for empirical investigations into how intentionally rational actors reach decisions under conditions when they do not know what is best to do. It describes how trade fairs act...... as a framing mechanism that enables participants to come together for the exchange of goods and services and to perceive themselves as acting in a social field. Fairs frame the contacts people make and sustain as networks; the institutional rules and social norms guiding their behaviour there; and the values...... and cognitive frames that they bring to bear and negotiate with other participants. They make actors aware of a ‘mutual correspondence’ in their interpretation of the goods in which they deal and of the social situations in which engage for the sake of such trade. Trade fairs both configure fields and make...

Evaluating the Life Cycle Environmental Benefits and Trade-Offs of Water Reuse Systems for Net-Zero Buildings.

Science.gov (United States)

Hasik, Vaclav; Anderson, Naomi E; Collinge, William O; Thiel, Cassandra L; Khanna, Vikas; Wirick, Jason; Piacentini, Richard; Landis, Amy E; Bilec, Melissa M

2017-02-07

Aging water infrastructure and increased water scarcity have resulted in higher interest in water reuse and decentralization. Rating systems for high-performance buildings implicitly promote the use of building-scale, decentralized water supply and treatment technologies. It is important to recognize the potential benefits and trade-offs of decentralized and centralized water systems in the context of high-performance buildings. For this reason and to fill a gap in the current literature, we completed a life cycle assessment (LCA) of the decentralized water system of a high-performance, net-zero energy, net-zero water building (NZB) that received multiple green building certifications and compared the results with two modeled buildings (conventional and water efficient) using centralized water systems. We investigated the NZB's impacts over varying lifetimes, conducted a break-even analysis, and included Monte Carlo uncertainty analysis. The results show that, although the NZB performs better in most categories than the conventional building, the water efficient building generally outperforms the NZB. The lifetime of the NZB, septic tank aeration, and use of solar energy have been found to be important factors in the NZB's impacts. While these findings are specific to the case study building, location, and treatment technologies, the framework for comparison of water and wastewater impacts of various buildings can be applied during building design to aid decision making. As we design and operate high-performance buildings, the potential trade-offs of advanced decentralized water treatment systems should be considered.

77 FR 38351 - Self-Regulatory Organizations; NYSE Arca, Inc.; Notice of Filing of Proposed Rule Change To List...

Science.gov (United States)

2012-06-27

... copper market is the third largest metals market in terms of physical volume. Much of the copper traded...-Regulatory Organizations; NYSE Arca, Inc.; Notice of Filing of Proposed Rule Change To List and Trade Shares of iShares Copper Trust Pursuant to NYSE Arca Equities Rule 8.201 June 22, 2012. Pursuant to Section...

Trade and climate change

Energy Technology Data Exchange (ETDEWEB)

Tamiotti, L.; Teh, R.; Kulacoglu, V. (World Trade Organization (WTO), Geneva (Switzerland)); Olhoff, A.; Simmons, B.; Abaza, H. (United Nations Environment Programme (UNEP) (Denmark))

2009-06-15

The Report aims to improve understanding about the linkages between trade and climate change. It shows that trade intersects with climate change in a multitude of ways. For example, governments may introduce a variety of policies, such as regulatory measures and economic incentives, to address climate change. This complex web of measures may have an impact on international trade and the multilateral trading system. The Report begins with a summary of the current state of scientific knowledge on climate change and on the options available for responding to the challenge of climate change. The scientific review is followed by a part on the economic aspects of the link between trade and climate change, and these two parts set the context for the subsequent parts of the Report, which looks at the policies introduced at both the international and national level to address climate change. The part on international policy responses to climate change describes multilateral efforts to reduce greenhouse gas emissions and to adapt to the effects of climate change, and also discusses the role of the current trade and environment negotiations in promoting trade in technologies that aim to mitigate climate change. The final part of the Report gives an overview of a range of national policies and measures that have been used in a number of countries to reduce greenhouse gas emissions and to increase energy efficiency. It presents key features in the design and implementation of these policies, in order to draw a clearer picture of their overall effect and potential impact on environmental protection, sustainable development and trade. It also gives, where appropriate, an overview of the WTO rules that may be relevant to such measures. (author)

Opportunity for peri-urban Perth groundwater trade

Science.gov (United States)

Gao, Lei; Connor, Jeff; Doble, Rebecca; Ali, Riasat; McFarlane, Don

2013-07-01

Groundwater trade is widely advocated for reallocating scarce groundwater resources between competing users, and managing over-allocated and declining aquifers. However, groundwater markets are still in their infancy, and the potential benefits and opportunities need investigation, particularly where there is a need to reduce the extraction from declining aquifers. This article evaluates economic impacts of reducing groundwater extraction for irrigation use in peri-urban Perth, Australia, where irrigation, a lake-based ecosystem, and public water supply are highly dependent on a declining groundwater resource. We present an assessment of market-based water trading approaches to reduce groundwater extraction with an economic model representing diversity in returns to groundwater use across a population of irrigators. The results indicate that potential economic costs of a proportional reduction in available groundwater for irrigation are 18-21% less if groundwater trade is possible. We also evaluate a water buyback from irrigation to provide public water supply as an alternative to new infrastructure. We find that buying back up to around 50% of current irrigation allocations could create new public water supply only at the cost of 0.32-0.39 million per GL, which is less than one fifth of the costs of new desalinisation or recycled water supply options (2-3 million per GL). We conclude that, with rapid development of computer and internet based trading platforms that allows fast, efficient and low cost multiple party trading, it is increasingly feasible to realise the economic potentials of market-based trade approaches for managing overexploited aquifers.

The Challenges for the Multilateral Trading System Raised by the Ongoing Structural Transformations in the Global Economy

Directory of Open Access Journals (Sweden)

Agnes Ghibuțiu

2012-04-01

Full Text Available Over the last decade, international trade has been growing faster than global production, steadily increasing interdependence among nations. Sustained trade growth has been accompanied by profound changes in the patterns of trade flows, reflecting new production structures emerging under the impact of rapid progress in the development of transport, communications and information technologies, major shifts in the patterns of demand, rapid expansion of global production networks, and increasing integration of developing countries into the world economy. While global trade relations experienced a dramatic transformation during the last decade, the multilateral trading system and the WTO – the venue for international trade cooperation – failed to keep pace with the rapidly changing trade environment. Consequently, the world trade rule-book that is currently guiding international trade relations as a result of the Uruguay Round (1986-1994 and the creation of the WTO (in 1995 is stuck in the requirements of 20st century trade. Improving and adjusting multilateral trade rules and disciplines ranked among the main objectives of the Doha Round launched in 2001. However, trade negotiations have been stalled since 2008. And with this impasse, the legislative function of the WTO responsible for the elaboration of new rules has been also blocked, hindering thus the process of adjustment. This paper addresses the main challenges confrunting the multilateral trading system both in the long and short-term in its endeavour to adjust to the new realities of 21st century trade. More specifically, it takes a look at the key problems arising for international cooperation in trade from: (1 the continually shifting weight of economic power and influence within the world economy; (2 the dynamic spread of global production networks operated by TNCs; and (3 the explosion of regionalism and preferential trade agreements. Finally, the paper highlights the vital

Development of a fuzzy-stochastic programming with Green Z-score criterion method for planning water resources systems with a trading mechanism.

Science.gov (United States)

Zeng, X T; Huang, G H; Li, Y P; Zhang, J L; Cai, Y P; Liu, Z P; Liu, L R

2016-12-01

This study developed a fuzzy-stochastic programming with Green Z-score criterion (FSGZ) method for water resources allocation and water quality management with a trading-mechanism (WAQT) under uncertainties. FSGZ can handle uncertainties expressed as probability distributions, and it can also quantify objective/subjective fuzziness in the decision-making process. Risk-averse attitudes and robustness coefficient are joined to express the relationship between the expected target and outcome under various risk preferences of decision makers and systemic robustness. The developed method is applied to a real-world case of WAQT in the Kaidu-Kongque River Basin in northwest China, where an effective mechanism (e.g., market trading) to simultaneously confront severely diminished water availability and degraded water quality is required. Results of water transaction amounts, water allocation patterns, pollution mitigation schemes, and system benefits under various scenarios are analyzed, which indicate that a trading-mechanism is a more sustainable method to manage water-environment crisis in the study region. Additionally, consideration of anthropogenic (e.g., a risk-averse attitude) and systemic factors (e.g., the robustness coefficient) can support the generation of a robust plan associated with risk control for WAQT when uncertainty is present. These findings assist local policy and decision makers to gain insights into water-environment capacity planning to balance the basin's social and economic growth with protecting the region's ecosystems.

The merchant shipping (dangerous goods) (amendment) rules 1980 No. 789

International Nuclear Information System (INIS)

1980-01-01

These Rules amend the Merchant Shipping Rules 1978 and revoke the Merchant Shipping (Dangerous Goods) (Amendment) Rules 1979. The purpose of this amendment is to update the references to the 1978 Report of the Department of Trade's Standing Advisory Committee on the Carriage of Dangerous Goods in Ships (the Blue Book) and the 1977 Edition of the International Maritime Dangerous Goods Code of IMCO (the IMDG Code), referred to in the 1978 Rules. The amendments concern, inter alia, marking of packages on board ship which contain dangerous goods, including radioactive materials (NEA) [fr

78 FR 11238 - Self-Regulatory Organizations; NYSE Arca, Inc.; Order Granting Approval of Proposed Rule Change...

Science.gov (United States)

2013-02-15

... such as flows, market technical trends, and government policies. With respect to fixed income investing... PIMCO Foreign Currency Strategy Exchange-Traded Fund Under NYSE Arca Equities Rule 8.600 February 8... and trade shares (``Shares'') of the PIMCO Foreign Currency Strategy Exchange-Traded Fund (``Fund...

A Trade Promotion Authority e as políticas de emprego da Trade Adjustment Assistance no limiar entre o asseguramento da economia interna e o protecionismo velado

Directory of Open Access Journals (Sweden)

Blenda Lara Fonseca do Nascimento

2004-07-01

Full Text Available Este artigo analisa os programas dereajuste comercial relativo a trabalhadores inseridono texto da Autoridade de PromoçãoComercial (Trade Promotion Authority –TPA de 2002. A autora questiona a licitudedestes programas norte-americanos ante anormativa da Organização Mundial do Comércio(OMC, assinalando que estes podem constituiruma forma de protecionismo velado.This article analyses the TradeAdjustment Assistance for Workers (TAAWof the Trade Promotion Authority (TPA 2002.The author questions this North-Americanprogram legality towards the World TradeOrganisation (WTO rules and, thus, proposesthat the program may constitute a disguisedform of protectionism.

17 CFR 240.10b5-2 - Duties of trust or confidence in misappropriation insider trading cases.

Science.gov (United States)

2010-04-01

... in misappropriation insider trading cases. 240.10b5-2 Section 240.10b5-2 Commodity and Securities... Devices and Contrivances § 240.10b5-2 Duties of trust or confidence in misappropriation insider trading... of insider trading under Section 10(b) of the Act and Rule 10b-5. The law of insider trading is...

Evaluation of crop production, trade, and consumption from the perspective of water resources: a case study of the Hetao irrigation district, China, for 1960-2010.

Science.gov (United States)

Liu, Jing; Sun, Shikun; Wu, Pute; Wang, Yubao; Zhao, Xining

2015-02-01

The integration of water footprints and virtual water flows allows the mapping of the links between production, trade, and consumption and could potentially help to alleviate water scarcity and improve water management. We evaluated the water footprints and virtual water flows of crop production, consumption, and trade and their influencing factors in the Hetao irrigation district in China for 1960-2010. The water footprint of crop production and the export of virtual water fluctuated but tended to increase during this period and were influenced mainly by agricultural factors such as crop yield, irrigation efficiency, and area sown. The water footprint of crop consumption and the import of virtual water increased during 1960-1979 and decreased during 1980-2010 and were influenced by socio-economic factors such as total population, the retail-price index, and the proportion of the population in urban areas. Most of the water footprint of production was exported to other areas, which added to the pressure on local water systems. The import of virtual water led to a saving of water for the Hetao irrigation district, while its share of the water footprint of consumption has decreased significantly since 1977. An increase in irrigation efficiency can alleviate water scarcity, and its application should be coupled with measures that constrain the continued expansion of agriculture. Full-cost pricing of irrigation water was an effective policy tool for its management. Re-shaping regional water-production and water-trade nexuses by changing crop structures could provide alternative opportunities for addressing the problems of local water scarcity, but the trade-offs involved should first be assessed. Copyright © 2014 Elsevier B.V. All rights reserved.

The value-added tax (VAT) rate of international natural gas trade

International Nuclear Information System (INIS)

Botter, E.

2008-01-01

Since January 1, 2005, international gas trades are controlled by common right derogatory VAT rules. Transfrontier exchanges do not obey to the classical territory rules of exchange of goods but to a particular VAT regime. Moreover, the access to networks and the transportation of natural gas are subjected to particular VAT regulations. This article explains these particularities. (J.S.)

76 FR 19160 - Self-Regulatory Organizations; Notice of Filing and Immediate Effectiveness of Proposed Rule...

Science.gov (United States)

2011-04-06

... market'' is defined in NYSE Amex Rule 900.2NY(62), in respect of an underlying stock or Exchange-Traded Fund Share, as the principal market in which the underlying stock or Exchange-Traded Fund Share is... and meet their investment, trading and risk management requirements. The Exchange is also proposing to...

77 FR 30355 - Defense Federal Acquisition Regulation Supplement: United States-Korea Free Trade Agreement...

Science.gov (United States)

2012-05-22

... already a designated country under the WTO GPA. Although the rule now opens up Government procurement to... Korea is already party to the World Trade Organization Government Procurement Agreement. DATES... note)). The Republic of Korea is already party to the World Trade Organization Government Procurement...

Income, Economic Structure and Trade: Impacts on Recent Water Use Trends in the European Union

Directory of Open Access Journals (Sweden)

Rosa Duarte

2018-01-01

Full Text Available From the mid-1990s to the recent international economic crisis, the European Union (EU27 experienced a significant economic growth and a flat population increase. During these years, the water resources directly used by the EU countries displayed a growing but smooth trend. However, European activities intensively demanded water resources throughout the whole global supply chain. The growth rate of embodied water use was three times higher than the growth in water directly used by these economies. This was mainly due to the large upsurge of virtual water imports in the EU (e.g., about 25% of the change in water imports in the world was directly linked to the increasing imports in the EU27 countries. In this context, we analyze water use changes in the EU27 from 1995 to 2009, combining the production and consumption perspectives. To that aim, we use the environmentally extended input-output approach to obtain the volume of water embodied in domestic production and in trade flows at the sector and country levels. In the empirical analysis, we utilize multi-regional input-output data from the World Input Output Database. In addition, by means of a structural decomposition analysis we identify and quantify the factors explaining changes in these trends. We focus both on the role of domestic production and trade and estimate the associated intensity, technology and scale effects. This analysis is done for different clusters, identifying singular patterns depending on income criteria. Our results confirm the boost of demand growth in that period, the positive but negligible effect of structural change, and the decline in water intensity which, however, was not enough to compensate the effects on water associated to the economic expansion in the period. These findings also point at a gradual substitution of domestic water use for virtual water imports. More concretely, in most countries the food industry tended to reduce its backward linkages with the

Reservoir adaptive operating rules based on both of historical streamflow and future projections

Science.gov (United States)

Zhang, Wei; Liu, Pan; Wang, Hao; Chen, Jie; Lei, Xiaohui; Feng, Maoyuan

2017-10-01

Climate change is affecting hydrological variables and consequently is impacting water resources management. Historical strategies are no longer applicable under climate change. Therefore, adaptive management, especially adaptive operating rules for reservoirs, has been developed to mitigate the possible adverse effects of climate change. However, to date, adaptive operating rules are generally based on future projections involving uncertainties under climate change, yet ignoring historical information. To address this, we propose an approach for deriving adaptive operating rules considering both historical information and future projections, namely historical and future operating rules (HAFOR). A robustness index was developed by comparing benefits from HAFOR with benefits from conventional operating rules (COR). For both historical and future streamflow series, maximizations of both average benefits and the robustness index were employed as objectives, and four trade-offs were implemented to solve the multi-objective problem. Based on the integrated objective, the simulation-based optimization method was used to optimize the parameters of HAFOR. Using the Dongwushi Reservoir in China as a case study, HAFOR was demonstrated to be an effective and robust method for developing adaptive operating rules under the uncertain changing environment. Compared with historical or projected future operating rules (HOR or FPOR), HAFOR can reduce the uncertainty and increase the robustness for future projections, especially regarding results of reservoir releases and volumes. HAFOR, therefore, facilitates adaptive management in the context that climate change is difficult to predict accurately.

Kyoto Protocol: trade versus the environment

International Nuclear Information System (INIS)

Loose, H.

2001-01-01

Could the signatories to the Kyoto Protocol find themselves up against the WTO? This paper examines how the climate change agreement could conflict with trade rules, and shows that there are potentially serious conflicts in the interface between the WTO and the Kyoto Protocol. It argues for dialogue and debate before it is too late. (author)

Climate Change and the Trading System: After Doha and Doha

Directory of Open Access Journals (Sweden)

Dan Ciuriak

2013-11-01

Full Text Available The international trade dispute over Ontario’s “green energy” policies is a harbinger of similar problems to come; an early example of the emerging conflict between industry rules aimed at reducing greenhouse gas emissions, and existing trade deals between national governments. We live in a world without formalized and sweeping multilateral climate change treaties between major economies, but one with many sweeping trade treaties between them. That discrepancy is setting up the conditions for more trade disputes in the future. Governments have every incentive to position climate change policies, as Ontario has, as support for new growth industries and the creation of local “green jobs.” But they also have every incentive to want to prevent the leakage of those envisioned economic benefits to outside parties, at the very least when those outside parties come from places that do not share the burden of climate change mitigation. The current trade-law framework has lent itself to the interpretation, by arbitration panels, that “free riders” — that is, industries and countries that bear little to no responsibility for shouldering the costs of climate change policies — are nevertheless entitled to share in the commercial benefits that may be created by climate policies in jurisdictions that do make efforts to reduce carbon emissions. In short, if a corporation or state-owned enterprise from a country lacking climate change policies wants to take advantage of the economic benefits of Ontario’s feed-in-tariff program, it would seem there is little Ontario can do to stop it, without running afoul of trade agreements. The result is a worst-case scenario. The problem of climate change continues to worsen, while governments — national and sub-national — face disincentives for implementing regulations and subsidies that might help mitigate the problem. This is because they cannot be sure that they will not be left to shoulder the

An economic inquisition of water quality trading programs, with a case study of Jordan Lake, NC.

Science.gov (United States)

Motallebi, Marzieh; Hoag, Dana L; Tasdighi, Ali; Arabi, Mazdak; Osmond, Deanna L

2017-05-15

A water quality trading (WQT) program was promulgated in North Carolina to address water quality issues related to nutrients in the highly urbanizing Jordan Lake Watershed. Although WQT programs are appealing in theory, the concept has not proved feasible in several attempts between point and nonpoint polluters in the United States. Many application hurdles that create wedges between success and failure have been evaluated in the literature. Most programs, however, face multiple hurdles; eliminating one may not clear a pathway to success. Therefore, we identify and evaluate the combined impact of four different wedges including baseline, transaction cost, trading ratio, and trading cost in the Jordan Lake Watershed program. Unfortunately, when applied to the Jordan Lake program, the analysis clearly shows that a traditional WQT program will not be feasible or address nutrient management needs in a meaningful way. The hurdles individually would be difficult to overcome, but together they appear to be unsurmountable. This analysis shows that there is enough information to pre-identify potential hurdles that could inform policy makers where, and how, the concept might work. It would have saved time, energy, and financial resources if North Carolina had done so before embarking to implement their program in the Jordan Lake Watershed. Copyright © 2017 Elsevier Ltd. All rights reserved.

77 FR 26056 - Self-Regulatory Organizations; NASDAQ OMX PHLX LLC; Order Granting Approval of a Proposed Rule...

Science.gov (United States)

2012-05-02

... are flexible exchange-traded index, equity, or currency option contracts that provide investors the... Options on Stocks, Exchange-Traded Fund Shares and Foreign Currencies). \\13\\ See Exchange Rules 721... on Stocks, Exchange-Traded Fund Shares and Foreign Currencies). \\18\\ See Notice, supra note 3 and...

Trading behaviour on the continuous intraday market ELBAS

International Nuclear Information System (INIS)

Scharff, Richard; Amelin, Mikael

2016-01-01

Intraday markets for electricity allow for trading of energy until shortly before the period of delivery. This offers market participants a possibility to reduce their expected imbalances and to offer own unused flexibility. Because this form of distributed balancing before the period of delivery can be profitable for market participants as well as beneficial for system operations, intraday trading is expected to gain more importance in future, especially with increasing shares of variable renewable energy sources in the generation mix. So far, intraday markets are still a research field with many open questions. This paper contributes by a first analysis of intraday trades on ELBAS, one of the European intraday markets. The analysis gives a detailed picture on trading activity and price development and is intended to improve understanding of continuous intraday trading. Findings include that trading activity differs significantly between price zones, that most trades occur in the last hours before gate closure and that market participants have to handle substantial price variations during the trading period. The paper also investigates the imbalance settlement rules in the Nordic countries and studies which effects one- and two-price imbalance settlement systems have on the market participants' profitability of intraday trading. - Highlights: • Insights into intraday trading: trading activity and price development. • Special focus is on characteristics of continuous trading. • Intrinsic problems in the Nordic imbalance pricing scheme are discussed. • Implications regarding balancing of generation from vRES.

Trading the Economic Value of Unsatisfied Municipal Water Demand

Science.gov (United States)

Telfah, Dua'a. B.; Minciardi, Riccardo; Roth, Giorgio

2018-06-01

Modelling and optimization techniques for water resources allocation are proposed to identify the economic value of the unsatisfied municipal water demand against demands emerging from other sectors. While this is always an important step in integrated water resource management perspective, it became crucial for water scarce Countries. In fact, since the competition for the resource is high, they are in crucial need to trade values which will help them in satisfying their policies and needs. In this framework, hydro-economic, social equity and environmental constraints need to be satisfied. In the present study, a hydro-economic decision model based on optimization schemes has been developed for water resources allocation, that enable the evaluation of the economic cost of a deficiency in fulfilling the municipal demand. Moreover, the model enables efficient water resources management, satisfying the demand and proposing additional water resources options. The formulated model is designed to maximize the demand satisfaction and minimize water production cost subject to system priorities, preferences and constraints. The demand priorities are defined based on the effect of demand dissatisfaction, while hydrogeological and physical characteristics of the resources are embedded as constraints in the optimization problem. The application to the City of Amman is presented. Amman is the Capital City of the Hashemite Kingdom of Jordan, a Country located in the south-eastern area of the Mediterranean, on the East Bank of the Jordan River. The main challenge for Jordan, that threat the development and prosperity of all sectors, is the extreme water scarcity. In fact, Jordan is classified as semi-arid to arid region with limited financial resources and unprecedented population growth. While the easy solution directly goes to the simple but expensive approach to cover the demand, case study results show that the proposed model plays a major role in providing directions to

Trading the Economic Value of Unsatisfied Municipal Water Demand

Directory of Open Access Journals (Sweden)

D. B. Telfah

2018-06-01

Full Text Available Modelling and optimization techniques for water resources allocation are proposed to identify the economic value of the unsatisfied municipal water demand against demands emerging from other sectors. While this is always an important step in integrated water resource management perspective, it became crucial for water scarce Countries. In fact, since the competition for the resource is high, they are in crucial need to trade values which will help them in satisfying their policies and needs. In this framework, hydro-economic, social equity and environmental constraints need to be satisfied. In the present study, a hydro-economic decision model based on optimization schemes has been developed for water resources allocation, that enable the evaluation of the economic cost of a deficiency in fulfilling the municipal demand. Moreover, the model enables efficient water resources management, satisfying the demand and proposing additional water resources options. The formulated model is designed to maximize the demand satisfaction and minimize water production cost subject to system priorities, preferences and constraints. The demand priorities are defined based on the effect of demand dissatisfaction, while hydrogeological and physical characteristics of the resources are embedded as constraints in the optimization problem. The application to the City of Amman is presented. Amman is the Capital City of the Hashemite Kingdom of Jordan, a Country located in the south-eastern area of the Mediterranean, on the East Bank of the Jordan River. The main challenge for Jordan, that threat the development and prosperity of all sectors, is the extreme water scarcity. In fact, Jordan is classified as semi-arid to arid region with limited financial resources and unprecedented population growth. While the easy solution directly goes to the simple but expensive approach to cover the demand, case study results show that the proposed model plays a major role in

Co-benefits and trade-offs in the water-energy nexus of irrigation modernization in China

Science.gov (United States)

Cremades, Roger; Rothausen, Sabrina G. S. A.; Conway, Declan; Zou, Xiaoxia; Wang, Jinxia; Li, Yu'e.

2016-05-01

There are strong interdependencies between water use in agriculture and energy consumption as water saving technologies can require increased pumping and pressurizing. The Chinese Government includes water efficiency improvement and carbon intensity reduction targets in the 12th Five-Year Plan (5YP. 2011-2015), yet the links between energy use and irrigation modernization are not always addressed in policy targets. Here we build an original model of the energy embedded in water pumping for irrigated agriculture and its related processes. The model is based on the physical processes of irrigation schemes and the implication of technological developments, comprising all processes from extraction and conveyance of water to its application in the field. The model uses data from government sources to assess policy targets for deployment of irrigation technologies, which aim to reduce water application and contribute to adaptation of Chinese agriculture to climate change. The consequences of policy targets involve co-beneficial outcomes that achieve water and energy savings, or trade-offs in which reduced water application leads to increasing greenhouse gas (GHG) emissions. We analyze irrigation efficiency and energy use in four significant provinces and nationally, using scenarios based on the targets of the 12th 5YP. At the national scale, we find that expansion of sprinklers and micro-irrigation as outlined in the 5YP would increase GHG emissions from agricultural water use, however, emissions decrease in those provinces with predominant groundwater use and planned expansion of low-pressure pipes. We show that the most costly technologies relate to trade-offs, while co-benefits are generally achieved with less expensive technologies. The investment cost per area of irrigation technology expansion does not greatly affect the outcome in terms of water, but in terms of energy the most expensive technologies are more energy-intensive and produce more emissions. The

Trade Mark Coexistence Agreements: What is all the (lack of) fuss about?

DEFF Research Database (Denmark)

Elsmore, Matthew J.

2008-01-01

time and space is allocated to trade mark coexistence agreements. Despite a shortage of authoritative rulings, it is not immediately clear why, especially as they may be having a profound impact on the use of product markers. Coexistence agreements commonly exist between parties with at least similar...... trade marks who decide to formally coexist, often in the wake of legal skirmishes. In the busy European market, where Community-wide protection is available, an up-front contract may be an attractive way to avoid trade mark conflict. When these contracts work, trade mark law is effectively pre...

Jane Kelsey, Serving Whose Interests? The Political Economy of Trade in Services Agreements

Directory of Open Access Journals (Sweden)

Maureen Irish

2009-02-01

Full Text Available Serving Whose Interests is an examination of the General Agreement on Trade in Services [GATS] since its inception in 1995, with several case studies that discuss services trade in specific applications around the world. The scholarship i s extensive and detailed. Jane Kelsey, law professor at the University of Auckland, has criticized the pro-market services trade regime i n her role as a political activist. In this book, her goals are to make the technicalities of trade rules accessible and to show their effects on people and communities.

75 FR 52311 - Notice of Scope Rulings

Science.gov (United States)

2010-08-25

... Trade Administration, U.S. Department of Commerce, 14th Street and Constitution Avenue, NW., Washington... calendar quarter. Scope Rulings Completed Between January 1, 2010, and March 31, 2010 People's Republic of China A-570-804: Sparklers from the People's Republic of China. Requestor: American Promotional Events...

75 FR 79339 - Notice of Scope Rulings

Science.gov (United States)

2010-12-20

... Trade Administration, U.S. Department of Commerce, 14th Street and Constitution Avenue, NW., Washington... calendar quarter. Scope Rulings Completed Between April 1, 2010, and June 30, 2010: People's Republic of China A-570-502: Iron Construction Castings From the People's Republic of China Requestor: National...

76 FR 73596 - Notice of Scope Rulings

Science.gov (United States)

2011-11-29

... Trade Administration, U.S. Department of Commerce, 14th Street and Constitution Avenue, NW., Washington... calendar quarter. Scope Rulings Completed Between January 1, 2011, and March 31, 2011 People's Republic of China A-570-601: Tapered Roller Bearings from the People's Republic of China Requestor: Blackstone OTR...

Transformation rules and degradation of CAHs by Fentonlike oxidation in growth ring of water distribution network-A review

Science.gov (United States)

Zhong, D.; Ma, W. C.; Jiang, X. Q.; Yuan, Y. X.; Yuan, Y.; Wang, Z. Q.; Fang, T. T.; Huang, W. Y.

2017-08-01

Chlorinated hydrocarbons are widely used as organic solvent and chemical raw materials. After treatment, water polluted with trichloroethylene (TCE)/tetrachloroethylene (PCE) can reach the water quality requirements, while water with trace amounts of TCE/PCE is still harmful to humans, which will cause cancers. Water distribution network is an extremely complicated system, in which adsorption, desorption, flocculation, movement, transformation and reduction will occur, leading to changes of TCE/PCE concentrations and products. Therefore, it is important to investigate the transformation rules of TCE/PCE in water distribution network. What’s more, growth-ring, including drinking water pipes deposits, can act as catalysts in Fenton-like reagent (H2O2). This review summarizes the status of transformation rules of CAHs in water distribution network. It also evaluates the effectiveness and fruit of CAHs degradation by Fenton-like reagent based on growth-ring. This review is important in solving the potential safety problems caused by TCE/PCE in water distribution network.

77 FR 11177 - Self-Regulatory Organizations; NASDAQ OMX PHLX LLC; Order Granting Approval of a Proposed Rule...

Science.gov (United States)

2012-02-24

...-Traded Fund Shares and Foreign Currencies). Exchange rules governing margin requirements and trading halt... of Options on Stocks, Exchange-Traded Fund Shares and Foreign Currencies). \\19\\ See Notice, supra... and Currency Options), 1009A (Designation of the Index) and 1101A (Terms of Option Contracts) to list...

"Trade policy, not morals or health policy": the US Trade Representative, tobacco companies and market liberalization in Thailand.

Science.gov (United States)

MacKenzie, Ross; Collin, Jeff

2012-08-01

The enforced opening of Thailand's cigarette market to imports in 1990 has become a cause celebre in debates about the social and health impacts of trade agreements. At the instigation of leading US-based cigarette manufacturers, the US Trade Representative (USTR) threatened trade sanctions against Thailand to compel the government to liberalize its domestic cigarette market. Thailand's challenge to the USTR led to referral to General Agreement on Tariffs and Trade (GATT) arbitration. While GATT ruled in favour of the USTR on market access, it also found that Thailand could subsequently enact non-discriminatory tobacco control regulation without contravening the GATT agreement. This paper contributes to existing literature via its analysis of tobacco industry documents that highlight not only USTR responsiveness to lobbying from tobacco corporations, raising concerns about the drivers of globalization and the limited protection afforded to public health concerns in trade agreements. Significantly, the documents also indicate that USTR support of the tobacco industry was not unconditional, being subject to wider pressures of global trade negotiations. Such qualification notwithstanding, however,,ongoing governmental willingness to advance the international interests of tobacco corporations remains a concern from a public health perspective, particularly given the failure of the US to ratify the World Health Organization's Framework Convention on Tobacco Control.

WORLD TRADE ORGANIZATION: Observations on China's Rule of Law Reforms

National Research Council Canada - National Science Library

Westin, Susan

2002-01-01

.... In addition, China has made a substantial number of other WTO commitments related to the rule of law areas of transparency, judicial review, uniform enforcement of laws, and nondiscriminatory treatment...

Water-quality trading: Can we get the prices of pollution right?

Science.gov (United States)

Konishi, Yoshifumi; Coggins, Jay S.; Wang, Bin

2015-05-01

Water-quality trading requires inducing permit prices that account properly for spatially explicit damage relationships. We compare recent work by Hung and Shaw (2005) and Farrow et al. (2005) for river systems exhibiting branching and nonlinear damages. The Hung-Shaw scheme is robust to nonlinear damages, but not to hot spots occurring at the confluence of two branches. The Farrow et al. (2005) scheme is robust to branching, but not to nonlinear damages. We also compare the two schemes to each other. Neither dominates from a welfare perspective, but the comparison appears to tilt in favor of the Farrow et al. scheme.

Trade Measures for Regulating Transboundary Movement of Electronic Waste

Directory of Open Access Journals (Sweden)

Gideon Emcee Christian

2017-08-01

Full Text Available International trade in used electrical and electronics equipment (UEEE provides an avenue for socio-economic development in the developing world and also serves as a conduit for transboundary dumping of waste electrical and electronic equipment (WEEE also referred to as electronic waste or e-waste. The latter problem arises from the absence of a regulatory framework for differentiating between functional UEEE and junk e-waste. This has resulted in both functional UEEE and junk e-waste being concurrently shipped to developing countries under the guise of international trade in used electronics. Dealing with these problems will require effective regulation of international trade in UEEE from both exporting and importing countries. Although, the export of e-waste from the European Community to developing countries is currently prohibited, significant amount of e-waste from the region continue to flow into developing countries due to lax regulatory measures in the latter. Hence, there is need for a regulatory regime in developing countries to complement the prohibitory regime in the major e-waste source countries. This paper proposes trade measures modelled in line with WTO rules which could be adopted by developing countries in addressing these problems. The proposed measures include the development of a compulsory certification and labelling system for functional UEEE as well as trade ban on commercial importation of UEEE not complying with the said certification and labelling system. The paper then goes further to examine these proposed measures in the light of WTO rules and jurisprudence.

International trade agreements: hazards to health?

Science.gov (United States)

Shaffer, Ellen R; Brenner, Joseph E

2004-01-01

Since the 1980s, neoliberal policies have prescribed reducing the role of governments, relying on market forces to organize and provide health care and other vital human services. In this context, international trade agreements increasingly serve as mechanisms to enforce the privatization, deregulation, and decentralization of health care and other services, with important implications for democracy as well as for health. Critics contend that social austerity and "free" trade agreements contribute to the rise in global poverty and economic inequality and instability, and therefore to increased preventable illness and death. Under new agreements through the World Trade Organization that cover vital human services such as health care, water, education, and energy, unaccountable, secret trade tribunals could overrule decisions by democratically elected officials on public financing for national health care systems, licensing and training standards for health professionals, patient safety and quality regulations, occupational safety and health, control of hazardous substances such as tobacco and alcohol, the environment, and affordable access to safe water and sanitation. International negotiations in 2003 in Cancun and in Miami suggested that countervailing views are developing momentum. A concerned health care community has begun to call for a moratorium on trade negotiations on health care and water, and to reinvigorate an alternative vision of universal access to vital services.

77 FR 36591 - Self-Regulatory Organizations; NYSE Arca, Inc.; Notice of Filing of Proposed Rule Change Relating...

Science.gov (United States)

2012-06-19

...., value, growth), sectors, and industries, as well as exchange- traded currency and commodity trusts..., securities, foreign currencies, and net income from an interest in a qualified publicly traded partnership... traded on the Exchange under NYSE Arca Equities Rule 5.2(j)(3), seeks to provide investment results that...

77 FR 38767 - Notice of Scope Rulings

Science.gov (United States)

2012-06-29

... Trade Administration, U.S. Department of Commerce, 14th Street and Constitution Avenue NW., Washington... each calendar quarter. Scope Rulings Completed Between October 1, 2011, and December 31, 2011: People's Republic of China A-570-967; C-570-968: Aluminum Extrusions from the People's Republic of China Requestor...

High-Frequency Technical Trading: The Importance of Speed

NARCIS (Netherlands)

M.L. Scholtus (Martin); D.J.C. van Dijk (Dick)

2012-01-01

textabstractThis paper investigates the importance of speed for technical trading rule performance for three highly liquid ETFs listed on NASDAQ over the period January 6, 2009 up to September 30, 2009. In addition we examine the characteristics of market activity over the day and within subperiods

Abatement Costs vs. Compliance Costs in Multi-Period Emissions Trading - The Firms' Perspective

OpenAIRE

Bode, Sven

2003-01-01

Greenhouse gas emission trading has become more and more important in the context of climate change. Recently, a discussion on trading on entity (i.e. company) level has started. Emitters likely to be obliged to participate have argued for an initial allocation of the emission rights free of charge. I analyse the implication of such an allocation based on historical emissions and on benchmarks in multi-period emission trading. Different allocation rules for successive periods are applied, nam...

TRADING-OFF CONSTRAINTS IN THE PUMP SCHEDULING OPTIMIZATION OF WATER DISTRIBUTION NETWORKS

Directory of Open Access Journals (Sweden)

Gencer Genço\\u011Flu

2016-01-01

Full Text Available Pumps are one of the essential components of water supply systems. Depending of the topography, a water supply system may completely rely on pumping. They may consume non-negligible amount of water authorities' budgets during operation. Besides their energy costs, maintaining the healthiness of pumping systems is another concern for authorities. This study represents a multi-objective optimization method for pump scheduling problem. The optimization objective contains hydraulic and operational constraints. Switching of pumps and usage of electricity tariff are assumed to be key factors for operational reliability and energy consumption and costs of pumping systems. The local optimals for systems operational reliability, energy consumptions and energy costs are investigated resulting from trading-off pump switch and electricity tariff constraints within given set of boundary conditions. In the study, a custom made program is employed that combines genetic algorithm based optimization module with hydraulic network simulation software -EPANET. Developed method is applied on the case study network; N8-3 pressure zone of the Northern Supply of Ankara (Turkey Water Distribution Network. This work offers an efficient method for water authorities aiming to optimize pumping schedules considering expenditures and operational reliability mutually.

Deliberative Engagement within the World Trade Organization: A Functional Substitute for Authoritative Interpretations

DEFF Research Database (Denmark)

Creamer, Cosette; Godzimirska, Zuzanna

2016-01-01

The transition from the General Agreement on Tariffs and Trade (GATT) dispute settlement proceedings to the Dispute Settlement Mechanism (DSM) of the World Trade Organization (WTO) represented a notable instance of judicialization within international economic governance. Since it began ruling......) prior to adoption of the dispute settlement rulings. We argue that such an increase would better enable the DSM to consider the interpretive preferences of the WTO membership as a whole, thus enabling it to better fulfill its fiduciary duties and its responsibility of deliberative engagement...... with Members in particular. This Article specifies how the proposal would work in practice and addresses potential limitations and obstacles to its implementation....

Application Actuation Trade Study

Science.gov (United States)

1982-01-01

32 RCA PRICE-L Podel Calculated 0 & S Values 138 33 RCA PRICE LCC Summery - Typical LRU 139 34 Airplane Actuation Trade Study LCC Summary 140 35...results achieved can be duplicated by a user. The RCA PRICE Podel calculates the RDTSE. Production cost, and creates the YiDF file for use in the PCA...PR ICE L). Some of the basic program ground rules for this study were as follows: RCA - PRICE Cost Podel RCA - PRICE L Model Prototype Hardware 10

75 FR 25005 - Self-Regulatory Organizations; NYSE Arca, Inc.; Notice of Filing of Proposed Rule Change Amending...

Science.gov (United States)

2010-05-06

... deems appropriate for options trading Exchange- Traded Fund Shares (``ETFs'' or ``Fund Shares'' or ``Units'') that are traded on a national securities exchange and are defined as an ``NMS stock'' in Rule... similar entity that holds a specified non-U.S. currency deposited with the trust or similar entity when...

Effective application of improved profit-mining algorithm for the interday trading model.

Science.gov (United States)

Hsieh, Yu-Lung; Yang, Don-Lin; Wu, Jungpin

2014-01-01

Many real world applications of association rule mining from large databases help users make better decisions. However, they do not work well in financial markets at this time. In addition to a high profit, an investor also looks for a low risk trading with a better rate of winning. The traditional approach of using minimum confidence and support thresholds needs to be changed. Based on an interday model of trading, we proposed effective profit-mining algorithms which provide investors with profit rules including information about profit, risk, and winning rate. Since profit-mining in the financial market is still in its infant stage, it is important to detail the inner working of mining algorithms and illustrate the best way to apply them. In this paper we go into details of our improved profit-mining algorithm and showcase effective applications with experiments using real world trading data. The results show that our approach is practical and effective with good performance for various datasets.

Effective Application of Improved Profit-Mining Algorithm for the Interday Trading Model

Directory of Open Access Journals (Sweden)

Yu-Lung Hsieh

2014-01-01

Full Text Available Many real world applications of association rule mining from large databases help users make better decisions. However, they do not work well in financial markets at this time. In addition to a high profit, an investor also looks for a low risk trading with a better rate of winning. The traditional approach of using minimum confidence and support thresholds needs to be changed. Based on an interday model of trading, we proposed effective profit-mining algorithms which provide investors with profit rules including information about profit, risk, and winning rate. Since profit-mining in the financial market is still in its infant stage, it is important to detail the inner working of mining algorithms and illustrate the best way to apply them. In this paper we go into details of our improved profit-mining algorithm and showcase effective applications with experiments using real world trading data. The results show that our approach is practical and effective with good performance for various datasets.

75 FR 11559 - Certain Combed Cotton Yarns: Effect of Modification of U.S.-Bahrain FTA Rules of Origin

Science.gov (United States)

2010-03-11

... INTERNATIONAL TRADE COMMISSION [Investigation No. Bahrain-FTA-103-025] Certain Combed Cotton Yarns: Effect of Modification of U.S.- Bahrain FTA Rules of Origin AGENCY: United States International Trade... to section 104 of the United States-Bahrain Free Trade Agreement (FTA) Implementation Act (19 U.S.C...

WRONGFUL TRADING: COMPARATIVE APPROACH (ENGLAND AND WALES, RUSSIA AND THE USA

Directory of Open Access Journals (Sweden)

D. Konstantinov

2015-01-01

Full Text Available This paper is designed to discover legal rules addressing insolvency trading in three jurisdictions: England and Wales, Russia and the USA. Originally it was a master’s dissertation written under supervision of Ms. Sarah Paterson, who was extremely helpful and patient. The key jurisdiction for the research is England and Wales, whose wrongful trading provision apparently was the very first insolvency regulation in the field. Here, we will give particular attention to the factual circumstances of insolvency trading and research how the concept of wrongful trading addresses them. The next question will be how the American concept of deepening insolvency and the Russian concept of subsidiary liability are comparable with wrongful trading. Later, we will focus on the functions that should be performed by the regulations. Also, the effectiveness of wrongful trading and similar overseas provisions will be examined. Finally, this paper attempts to find obstacles to the wide application of wrongful trading provision.

International jurisprudence on trade and environmental health: one step forward, two steps back?

Science.gov (United States)

Timmermans, Karin

2008-01-01

Since the creation of the World Trade Organization (WTO), there has been considerable debate regarding the impact of its rules on public health. By contrast, the role of the WTO dispute settlement mechanism has received little attention, even though the bodies responsible for settling disputes are the ultimate interpreters of WTO rules and agreements. To date, three WTO disputes that relate to occupational and/or environmental health have been fully litigated. A review of the decisions and reasoning in these cases indicates that WTO jurisprudence is evolving, as Panels and the Appellate Body try--with varying degrees of success--to balance countries' rights and obligations under international trade agreements with their right to protect occupational and environmental health. Disputes between nations can have an impact beyond the parties concerned, and raise questions about the relationship between trade agreements and other international agreements, especially multilateral environmental agreements (MEAs).

Revisions to the Clean Water Act Regulatory Definition of Discharge of Dredged Material; Final Rule

Science.gov (United States)

The U.S. Army Corps of Engineers (Corps) and the Environmental Protection Agency (EPA) promulgated a final rule Amending a Clean Water Act (CWA) section 404 regulation that defines the term discharge of dredged material.

77 FR 21827 - Self-Regulatory Organizations; NYSE Arca, Inc.; Notice of Filing of Proposed Rule Change Relating...

Science.gov (United States)

2012-04-11

... Fund Shares on the Exchange.\\3\\ The Fund will be an actively managed exchange-traded fund.\\4\\ The... Investment Company Units, listed and traded on the Exchange under NYSE Arca Equities Rule 5.2(j)(3), seeks to...-NYSEArca-2008-86) (order approving Exchange listing and trading of WisdomTree Dreyfus Emerging Currency...

76 FR 75911 - Certain Video Game Systems and Controllers; Investigations: Terminations, Modifications and Rulings

Science.gov (United States)

2011-12-05

... INTERNATIONAL TRADE COMMISSION [Investigation No. 337-TA-743] Certain Video Game Systems and Controllers; Investigations: Terminations, Modifications and Rulings AGENCY: U.S. International Trade Commission. ACTION: Notice. Section 337 of the Tariff Act of 1930 provides that if the Commission finds a violation it shall exclude the articles...

77 FR 43407 - Self-Regulatory Organizations; The Options Clearing Corporation; Order Approving Proposed Rule...

Science.gov (United States)

2012-07-24

...-Laws and Rules to security futures on index-linked securities such as exchange-traded notes, which are currently traded on OneChicago, LLC. Index-linked securities are non-convertible debt of a major financial... futures contracts, one or more physical commodities, currencies or debt securities, or a combination of...

77 FR 13668 - Self-Regulatory Organizations; NASDAQ OMX PHLX LLC; Notice of Filing of Proposed Rule Change To...

Science.gov (United States)

2012-03-07

... Rule 604(h) that is being moved to new Rule 613. Accordingly, trading floor personnel will continue to... Supervisor, or ``SU,'' if applicable. This provision is being moved, unchanged, in its entirety to new Rule... to finders,\\36\\ and is being moved to Rule 614(b), without change. \\36\\ This provision is identical...

Optimization of conventional rule curves coupled with hedging rules for reservoir operation

DEFF Research Database (Denmark)

Taghian, Mehrdad; Rosbjerg, Dan; Haghighi, Ali

2014-01-01

As a common approach to reservoir operating policies, water levels at the end of each time interval should be kept at or above the rule curve. In this study, the policy is captured using rationing of the target yield to reduce the intensity of severe water shortages. For this purpose, a hybrid...... to achieve the optimal water allocation and the target storage levels for reservoirs. As a case study, a multipurpose, multireservoir system in southern Iran is selected. The results show that the model has good performance in extracting the optimum policy for reservoir operation under both normal...... model is developed to optimize simultaneously both the conventional rule curve and the hedging rule. In the compound model, a simple genetic algorithm is coupled with a simulation program, including an inner linear programming algorithm. In this way, operational policies are imposed by priority concepts...

17 CFR 13.6 - Promulgation of rules; publication.

Science.gov (United States)

2010-04-01

...; publication. 13.6 Section 13.6 Commodity and Securities Exchanges COMMODITY FUTURES TRADING COMMISSION PUBLIC RULEMAKING PROCEDURES § 13.6 Promulgation of rules; publication. After consideration of all relevant matters... also be made in the Federal Register if a proposal is subsequently withdrawn. The required publication...

Development of Competitive Gas Trading in Continental Europe

Energy Technology Data Exchange (ETDEWEB)

NONE

2008-07-01

In this publication the IEA examines the history of major gas markets' development in OECD Europe, and explores the possible expansion of trading through the mechanism of different hubs across the region. Lessons learned from North American markets on the benefits of regulatory convergence and investor-friendly legal framework are an important part of the analysis. Competitive trading based on transparent, non-discriminatory rules in a flexible and integrated European gas market will lead to more efficiency, timely investment, and greater market resilience, therefore ensuring more security for both customers and suppliers in the long term.

75 FR 41258 - Self-Regulatory Organizations; The NASDAQ Stock Market LLC; Notice of Filing of a Proposed Rule...

Science.gov (United States)

2010-07-15

... movements in the price at which a security is traded can indicate aberrant volatility, which is harmful to investors. On August 19, 2008, the Commission approved new Rule 4753(c), which established a volatility... 4753(c), a volatility-based pause in trading in individual NASDAQ-listed securities traded on NASDAQ...

Benchmark-based emission allocation in a cap-and-trade system

International Nuclear Information System (INIS)

Groenenberg, H.; Blok, K.

2002-01-01

One of the important bottlenecks for the introduction of emission trading is how allowances should be distributed among the participants in a trading scheme. Both grandfathering on the basis of historic emissions and auctioning have important drawbacks. In this paper, we propose an allowance distribution rule based on bench-marking of production processes: each company's share in the total allowance is determined by its production level and a reference emission level per product. The scheme shows some important advantages compared to other schemes

Phase Change Material Trade Study: A Comparison Between Wax and Water for Manned Spacecraft

Science.gov (United States)

Quinn, Gregory; Hodgson, Ed; Stephan, Ryan A,

2011-01-01

Phase change material heat sinks have been recognized as an important tool in optimizing thermal control systems for space exploration vehicles and habitats that must deal with widely varying thermal loads and environments. In order to better focus technology investment in this arena, NASA has supported a trade study with the objective of identifying where the best potential pay-off can be found among identified aqueous and paraffin wax phase change materials and phase change material heat sink design approaches. The study used a representative exploration mission with well understood parameters to support the trade. Additional sensitivity studies were performed to ensure the applicability of study results across varying systems and destinations. Results from the study indicate that replacing a wax PCM heat sink with a water ice PCM heat sink has the potential to decrease the equivalent system mass of the mission s vehicle through a combination of a smaller heat sink and a slight 5% increase in radiator size or the addition of a lightweight heat pump. An evaluation of existing and emerging PCM heat sink technologies indicates that further mass savings should be achievable through continued development of those technologies. The largest mass savings may be realized by eliminating the melting and freezing pressure of wax and water, respectively.

77 FR 3922 - Rules for Investigations Relating to Global and Bilateral Safeguards Actions, Market Disruption...

Science.gov (United States)

2012-01-26

... Bilateral Safeguards Actions, Market Disruption, Trade Diversion, and Review of Relief Actions AGENCY..., market disruption, trade diversion and review of relief actions (Part 206 of its Rules). The amendments... DISRUPTION, AND REVIEW OF RELIEF ACTIONS Section 206.1 of subpart 206, which lists the statutory authorities...

76 FR 19165 - Self-Regulatory Organizations; Notice of Filing and Immediate Effectiveness of Proposed Rule...

Science.gov (United States)

2011-04-06

...\\ Additionally, the Exchange proposes to increase the number of option classes on individual stocks for which the... underlying stock is traded. Currently, Exchange Rule 6.4 at Commentary .03 permits the listing of options... security and meet their investment, trading and risk management requirements. [[Page 19166

Real-time Geographic Information System (GIS) for Monitoring the Area of Potential Water Level Using Rule Based System

Science.gov (United States)

Anugrah, Wirdah; Suryono; Suseno, Jatmiko Endro

2018-02-01

Management of water resources based on Geographic Information System can provide substantial benefits to water availability settings. Monitoring the potential water level is needed in the development sector, agriculture, energy and others. In this research is developed water resource information system using real-time Geographic Information System concept for monitoring the potential water level of web based area by applying rule based system method. GIS consists of hardware, software, and database. Based on the web-based GIS architecture, this study uses a set of computer that are connected to the network, run on the Apache web server and PHP programming language using MySQL database. The Ultrasound Wireless Sensor System is used as a water level data input. It also includes time and geographic location information. This GIS maps the five sensor locations. GIS is processed through a rule based system to determine the level of potential water level of the area. Water level monitoring information result can be displayed on thematic maps by overlaying more than one layer, and also generating information in the form of tables from the database, as well as graphs are based on the timing of events and the water level values.

75 FR 37510 - Self-Regulatory Organizations; Notice of Filing of Proposed Rule Change by NYSE Arca, Inc...

Science.gov (United States)

2010-06-29

... countries' currencies relative to the U.S. dollar. The term ``commodity currency'' generally is used to... Trading of WisdomTree Dreyfus Commodity Currency Fund Under NYSE Arca Equities Rule 8.600 June 22, 2010... Equities Rule 8.600: WisdomTree Dreyfus Commodity Currency Fund (``Fund''). The text of the proposed rule...

78 FR 14600 - Self-Regulatory Organizations; NYSE Arca, Inc.; Notice of Filing of Proposed Rule Change To List...

Science.gov (United States)

2013-03-06

... currency other than United States dollars) or more par amount outstanding and significant par value traded... traded on the Exchange under NYSE Arca Equities Rule 5.2(j)(3), seeks to provide investment results that... trading of WisdomTree Dreyfus Commodity Currency Fund); 64935 (July 20, 2011), 76 FR 44966 (July 27, 2011...

Blue water scarcity and the economic impacts of future agricultural trade and demand

Science.gov (United States)

Schmitz, Christoph; Lotze-Campen, Hermann; Gerten, Dieter; Dietrich, Jan Philipp; Bodirsky, Benjamin; Biewald, Anne; Popp, Alexander

2013-06-01

An increasing demand for agricultural goods affects the pressure on global water resources over the coming decades. In order to quantify these effects, we have developed a new agroeconomic water scarcity indicator, considering explicitly economic processes in the agricultural system. The indicator is based on the water shadow price generated by an economic land use model linked to a global vegetation-hydrology model. Irrigation efficiency is implemented as a dynamic input depending on the level of economic development. We are able to simulate the heterogeneous distribution of water supply and agricultural water demand for irrigation through the spatially explicit representation of agricultural production. This allows in identifying regional hot spots of blue water scarcity and explicit shadow prices for water. We generate scenarios based on moderate policies regarding future trade liberalization and the control of livestock-based consumption, dependent on different population and gross domestic product (GDP) projections. Results indicate increased water scarcity in the future, especially in South Asia, the Middle East, and north Africa. In general, water shadow prices decrease with increasing liberalization, foremost in South Asia, Southeast Asia, and the Middle East. Policies to reduce livestock consumption in developed countries not only lower the domestic pressure on water but also alleviate water scarcity to a large extent in developing countries. It is shown that one of the two policy options would be insufficient for most regions to retain water scarcity in 2045 on levels comparable to 2005.

An Analysis of the Constitutional Court Ruling on the Annulment of the Provisions on Coastal Water Concessions (HP-3

Directory of Open Access Journals (Sweden)

M. Riza Damanik

2013-05-01

Full Text Available After the annulment of the Coastal Water Concessions (HP-3 in 16 June 2011, traditional fisher folk organization leaders found a great fighting spirit to further follow-up the Constitutional Court Ruling to support their daily lives. For those who are being “evicted” from their living space (the coastal waters, they want to reclaim their rights through constitutional ways. Likewise, those who (feel to have lost their existence as Indonesian traditional fisher folk are impatient to find out whether there is a breakthrough in the Constitutional Court Ruling that can restore the fisher folk’s family way of life. The ruling itself was complex and not easy to understand: 169 pages, with complex writing systematic and typical legal language. For this reason, the analysis of the Constitutional Court Ruling regarding the Judicial Review on Law No. 27 of 2007 on the Management of Coastal Areas and Small Islands was necessary in order to provide a simpler representation of the Constitutional Court Ruling, and one that is expected to trigger a constructive discussion to implement the favorable parts of the decree for the greatest welfare of the people.

78 FR 33456 - Self-Regulatory Organizations; Fixed Income Clearing Corporation; Notice of Filing Proposed Rule...

Science.gov (United States)

2013-06-04

... certain locked- in trade sources in the future based on volumes and processing costs. \\9\\ Designated...-Regulatory Organizations; Fixed Income Clearing Corporation; Notice of Filing Proposed Rule Change to Include trueEX LLC as a Designated Locked-In Trade Source Pursuant to the Rulebook of the Government Securities...

Air Emissions Damages from Municipal Drinking Water Treatment Under Current and Proposed Regulatory Standards.

Science.gov (United States)

Gingerich, Daniel B; Mauter, Meagan S

2017-09-19

Water treatment processes present intersectoral and cross-media risk trade-offs that are not presently considered in Safe Drinking Water Act regulatory analyses. This paper develops a method for assessing the air emission implications of common municipal water treatment processes used to comply with recently promulgated and proposed regulatory standards, including concentration limits for, lead and copper, disinfection byproducts, chromium(VI), strontium, and PFOA/PFOS. Life-cycle models of electricity and chemical consumption for individual drinking water unit processes are used to estimate embedded NO x , SO 2 , PM 2.5 , and CO 2 emissions on a cubic meter basis. We estimate air emission damages from currently installed treatment processes at U.S. drinking water facilities to be on the order of $500 million USD annually. Fully complying with six promulgated and proposed rules would increase baseline air emission damages by approximately 50%, with three-quarters of these damages originating from chemical manufacturing. Despite the magnitude of these air emission damages, the net benefit of currently implemented rules remains positive. For some proposed rules, however, the promise of net benefits remains contingent on technology choice.

Proposed rule package on fracture toughness and thermal annealing requirements and guidance for light water reactor vessels

International Nuclear Information System (INIS)

Allen Hiser, J.R.

1993-01-01

In the framework of updating and clarification of the fracture toughness and thermal annealing requirements and guidance for light water reactor pressure vessels, proposed revisions concerning the pressurized thermal shock rule, fracture toughness requirements and reactor vessel material surveillance program requirements, are described. A new rule concerning thermal annealing requirements and a draft regulatory guide on 'Format and Content of Application for Approval for Thermal Annealing of RPV' are also proposed

Proposed rule package on fracture toughness and thermal annealing requirements and guidance for light water reactor vessels

Energy Technology Data Exchange (ETDEWEB)

Allen Hiser, J R [UKAEA Harwell Lab. (United Kingdom). Engineering Div.

1994-12-31

In the framework of updating and clarification of the fracture toughness and thermal annealing requirements and guidance for light water reactor pressure vessels, proposed revisions concerning the pressurized thermal shock rule, fracture toughness requirements and reactor vessel material surveillance program requirements, are described. A new rule concerning thermal annealing requirements and a draft regulatory guide on `Format and Content of Application for Approval for Thermal Annealing of RPV` are also proposed.

18 CFR 39.10 - Changes to an Electric Reliability Organization Rule or Regional Entity Rule.

Science.gov (United States)

2010-04-01

... RULES CONCERNING CERTIFICATION OF THE ELECTRIC RELIABILITY ORGANIZATION; AND PROCEDURES FOR THE ESTABLISHMENT, APPROVAL, AND ENFORCEMENT OF ELECTRIC RELIABILITY STANDARDS § 39.10 Changes to an Electric... Reliability Organization Rule or Regional Entity Rule. 39.10 Section 39.10 Conservation of Power and Water...

75 FR 82236 - Principal Trades with Certain Advisory Clients

Science.gov (United States)

2010-12-30

... 3235-AJ96 Principal Trades with Certain Advisory Clients AGENCY: Securities and Exchange Commission... certain of their advisory clients. The amendment extends the date on which rule 206(3)- 3T will sunset... a principal capacity in transactions with certain of their advisory clients.\\1\\ In December 2009, we...

18 CFR 358.7 - Transparency rule.

Science.gov (United States)

2010-04-01

... 18 Conservation of Power and Water Resources 1 2010-04-01 2010-04-01 false Transparency rule. 358.7 Section 358.7 Conservation of Power and Water Resources FEDERAL ENERGY REGULATORY COMMISSION... Transparency rule. (a) Contemporaneous disclosure. (1) If a transmission provider discloses non-public...