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"Dezan Shira "
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ASEAN Economic Community, Free Trade Agreement with Hong Kong On Track
According to Hong Kong Chief Executive C Y Leung, the trade talks are progressing smoothly and he expects them to conclude early next year.
Trade Publication Article
New Draft Foreign Investment Law Signals Major Overhaul in China
The draft law proposes five major changes: * replace foreign-invested company laws * broaden definition of foreign investment * replace pre-approval with annual reports * require pre-approval only for negative list * implement a national security review process Repeal of three foreign-invested company laws When the new Foreign Investment Law comes into effect, it will repeal the Sino-foreign Equity Joint Venture Law, the Wholly Foreign-owned Enterprise Law, and the Sino-foreign Contractual Joint Venture Law. The only exception is where a foreign party intends to invest in one of the restricted industries on the negative list - likely to be based on the Catalogue of Restricted and Prohibited Industries for Foreign Investment - or where the investment amount exceeds the level set by the State Council.
Trade Publication Article
ASEAN Open Skies Policy Comes Into Force, Raising Hopes of Higher Traffic Growth
The Open Skies policy, which is also known as the ASEAN Single Aviation Market (ASEAN-SAM), is intended to increase regional and domestic connectivity, integrate production networks and enhance regional trade by allowing airlines from ASEAN member states to fly freely throughout the region via the liberalization of air services under a single, unified air transport market. [...]fourth freedoms are already common practice in the ASEAN region.
Trade Publication Article
China Establishes Three New Free Trade Zones, Expands Shanghai FTZ
[...]the 118.04-square-meter Fujian FTZ in the southeast, which is close to Taiwan, will include industrial areas in the provincial capital of Fuzhou, the whole of Xiamen, and Pingtan, a new industrial park targeting investment from Taiwan.
Trade Publication Article
Philippines Launches New Inclusive Business Program
Compounding this problem, countries such as Vietnam have zero dividend taxes for companies. Because of the residents' fluent English and high productivity, labor costs in the Philippines are among the highest in Southeast Asia.
Trade Publication Article
After Brief Setback, Europe and Singapore Finalize Free Trade Agreement
Key takeaways The provisions of the EU-Singapore FTA include: * The EU and Singapore commit to ensure a stable and fair regime for foreign investors, while also keeping the right to regulate in the public's interest * EU exporters will be granted immediate duty-free access to the Singaporean market for all products * The EU will eliminate virtually all tariffs over a five-year period In 2013, Singapore was the EU's 15th largest trading partner and second largest Asian investor into the EU.
Trade Publication Article
Shanghai Announces New Incentives to Attract MNC Headquarters
[...]Ciba Specialty Chemicals (a Fortune 500 company) moved its regional HQ from Beijing to Shanghai in 2003.
Trade Publication Article