China-Japan-South Korea Sign Trilateral Agreement and Launch FTA Talks
By Xiaolei Gu May 14 – Leaders from China, Japan, and South Korea concluded the Fifth Trilateral Summit Meeting and signed the Trilateral Agreement for the Promotion, Facilitation and Protection of Investment (hereinafter referred as the Trilateral Agreement) at a summit in Beijing yesterday. The Trilateral Agreement represents a stepping stone towards a three-way free […]
ASEAN and China to Become Top Trade Partners by 2015
Apr. 20 – When taken together as a group, the combined members of the Association of Southeast Asian Nations (ASEAN) will become China’s top trading partners by 2015, according to the China Council for the Promotion of International Trade. Made up of Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand and Vietnam, ASEAN […]
China, India and Thailand Fastest Growing Markets for LDC Nations
Apr. 9 – World Trade Organization Director-General Pascal Lamy has stated that China, India and Thailand are the fastest growing markets for exports from the world’s least developed countries (LDC). “Three of the five fastest-growing markets for LDC exports are regional partners: China, India and Thailand,” Lamy said.
China Signs Bilateral Agreements with Ireland and Indonesia
By Xiaolei Gu Apr. 3 – China and Ireland announced a mutually beneficial strategic partnership during Irish Prime Minister Enda Kenny’s visit to Beijing last week, while the two sides also signed a number of agreements to promote cooperation in trade, investment, science and technology.
Myanmar Set to Open Up to Foreign Investment
Mar. 28 – The Myanmar government is introducing a new set of regulations expected to promote foreign direct investment into the country. Coupled with the lifting of U.S. sanctions on the existing regime, this move may well spell the beginning of a new chapter in the nation’s development. Long a pariah state and run until […]
Singapore and United Kingdom Ink DTA Protocol
Mar. 6 – The UK and Singapore have signed a second protocol to their existing Double Taxation Agreement (DTA) on February 15, 2012, amending withholding tax rates. According to the protocol, the withholding tax rate for dividends is set at 0 percent, except for real estate investment trusts, which will be taxed at 15 percent. […]
India and Macau Sign Double Taxation Avoidance Agreement
Jan. 6 – To aid tax and banking-related information exchange and prevent tax evasion, India signed a double taxation avoidance agreement (DTAA) with Macau on January 1. The agreement will also help to generate a better investment climate for Indian businesses in Macau – a special administrative region of the People’s Republic of China and […]
China, ASEAN Negotiating Trade in RMB
Oct. 25 – China is negotiating with ASEAN countries over settling trade in Chinese renminbi (RMB), Assistant to the Governor of the People’s Bank of China Jin Qi told reporters Saturday in Nanning during the third China-ASEAN Summit Forum on Financial Cooperation and Development. “It (the agreement) is currently underway, but the exact time for […]
India Signs Double Taxation Avoidance Agreement with Ethiopia
May 31 – India signed a double taxation avoidance agreement (DTAA) with the Federal Democratic Republic of Ethiopia on May 25, 2011 for the prevention of double taxation and fiscal evasion with respect to taxes on income. The contract was signed by External Affairs Minister of India on behalf of the Government of India and […]
India’s Free Trade Agreements
Apr. 27 – Free trade agreements are normally made between two countries. Many governments, throughout the world have either signed FTA, or are negotiating or contemplating new bilateral free trade and investment contracts. However, there are two types of free trade agreements: namely, bilateral and multilateral. Every customs union, trade common market, economic union, customs […]