IOE Newsletter - January 2014

Page 11

Held in the Eko Atlantic City, this spectacular event was created to boost tourism, making Lagos a premium destination for business and leisure. Kicking in December and lasting till the 1st of January, it is attended by around 100,000 people and attracts thousands of domestic and foreign tourists who are entertained every evening by different artists. Turkey In Turkey, Santa Claus is associated with New Year’s Eve instead of Christmas, so even though Turkish people generally don’t celebrate Christmas, decorating Christmas trees is a very popular tradition on New Year’s Eve. Other decorations and customs, traditionally associated with Christmas and other national festivals, are part of various celebrations. Homes and streets feature twinkling lights, small gifts are exchanged and large meals are organised with family and friends. Large public and private parties are organised in cities and towns, featuring dancing, concerts, laser and lightshows as well as the traditional countdown to midnight and fireworks display. Wherever you are in the world, our team at the Institute of Export wishes you a very Happy New Year.

CAFE Society (Contrived Acronyms For Exporters) We are continuing with our export acronyms with help from Catriona Tippin, who runs a proofreading service Proofreading Tips and is also a writer and illustrator of children’s books. Catriona has looked beyond the well-known BRIC (Brazil, Russia, India and China) coined by Goldman Sachs economist Jim O’Neill in 2001 to present her CAFE Society (Contrived Acronyms For Exporters) – a veritable seasonal selection of acronyms that could be tripping off our tongues in 2014. BRIC – Brazil, Russia, India, China Which grew into BRICS – with the addition of South Africa and evolved into BICIS – with the subtraction of Russia and the addition of Indonesia Or there’s IBSA – India, Brazil, South Africa which acquired BASIC – Brazil, South Africa, India and China Then we have the possibly controversial PIGS – Portugal, Italy, Greece, Spain or PIIGS – Portugal, Italy, Ireland, Greece, Spain And facing different difficulties there’s

CARBS - Canada. Australia, Russia, Brazil, South Africa


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