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AK Background Paper: Derivatives - Definition and Need for Regulation

[12-07-2010]
Derivatives are agreements or contracts whose own value is derived from a reference value (underlying, base value). These reference values vary greatly and reach from commodities (food products and raw materials), share indices, exchange rates, interest rates up to weather development etc. The evaluation of the derivative depends on the development of this reference values; it can, however, (for example) move in the opposite direction (e.g. by speculating on falling share indices). They are forward purchase or similar transactions. These are structured in form of forwards, futures, options, swaps and their mixed forms, but also other constructions. One also differentiates between standardized or customized derivatives for individual cases.
Policy Papers | Economic

AK position paper on Trade and Child Labour

[14-06-2010]
The Austrian Chamber of Labour (AK) welcomes the attempt of the EU to take more decisive action against Child Labour violations. Above all, it is a concern of the AK to oppose the exclusively incentive-oriented approach with regard to trade policies. It is therefore required to change the emphasis of the Council Conclusions from “trade incentives” to “trade measures”. The AK supports the examination of a list that records goods and services, which are produced or rendered using the worst forms of Child Labour (ILO Convention 182). In any case, from our point of view an important ban is also justified as a last consequence in case of violations.
Policy Papers | Economic
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