ASEAN-India Free Trade Area Part III: Cambodia, Brunei, Laos and the Philippines
By Alex Tangkilisan Feb. 27 – In the third part of our ASEAN-India Free Trade Area analysis, we will examine trade trends and statistics from India to Cambodia, Brunei, Laos and the Philippines. While the Philippines is part of the ASEAN six majors, Cambodia, Brunei and Laos are the three smallest economies in the region. […]
ASEAN-India Target Trade to Reach US$100 Billion By 2015
80 percent of goods tariffs to disappear by 2016 Feb. 17 – Anand Sharma, India’s Minister of Commerce, has stated that he expects ASEAN-India trade to top $100 billion by 2015, speaking at the ASEAN-India Commemorative Summit, an event that celebrated 20 years of cooperation between ASEAN and India and that was marked by New […]
ASEAN-India Free Trade Area Part I: Introduction
By Alex Tangkilisan Feb. 7 – The ASEAN–India Free Trade Area (AIFTA) is a free trade area consisting of the 10 member states of the Association of Southeast Asian Nations (ASEAN) and India. The initial framework agreement was signed in Bali, Indonesia, on October 8, 2003, and the final agreement was signed on August 13, […]
Hong Kong and Italy Sign Comprehensive DTA
On January 14, 2013, Hong Kong and Italy signed a comprehensive double taxation agreement (DTA).
China’s SAT Releases Clarifications on Capital Gains Under DTAs
Jan. 25 – On December 31, 2012, the State Administration of Taxation (SAT) promulgated the “Announcement on Issues Concerning the Capital Gains Article under Tax Treaties (SAT Announcement 2012 No.59, hereinafter referred to as the ‘Announcement’).” The Announcement is intended to supplement guoshuifa (2010) No. 75 (“Circular 75”) released by the SAT in September 2010, […]
Singapore-European Union Conclude Free Trade Agreement
Dec. 18 – Singapore concluded an agreement with the European Union (EU) this weekend in a deal that will grant both parties improved access to each other’s markets. Singapore is the first Southeast Asian nation to conclude such a deal, with the agreement seeing the EU eliminating tariffs on all imports from Singapore over a […]
India Amends DTAs with Spain and the United Kingdom
Nov. 21 – India has initiated the process to revise its double taxation avoidance agreements (DTAs) with over 75 countries in an effort to strengthen its legislative framework to control the black money generated domestically and the flow of such illegal funds to foreign countries. On October 26, India signed a protocol to amend the […]
China to Join RCEP, Creating Massive Free Trade Area with ASEAN, India, and Japan
Plus Myanmar issues new foreign investment law Nov. 9 – China is set to commence negotiations to create a 16-nation trade bloc, known as the Regional Comprehensive Economic Partnership (RCEP), with its launch expected to be formally announced at the ASEAN summit in Phnom Penh later this month. The RCEP will include the 10 members […]
Selling U.S. Exports to Asia’s Middle Class Consumers
Oct. 22 – One of the main issues I’ve been discussing in the United States this past week with law and tax practices, universities, chambers of commerce and potential clients in Columbia, Charlotte, and San Francisco, is the growing trend of American exports to China. The demographics already tell us that a major wave of […]
Global Brands Ripe for Asia, Not Just China
Sept. 8 – As the inevitable rise of a significant Asian consumer base begins to take effect, Chinese ownership of reputable brand names is being pushed as a major driver towards Chinese domination of the world’s top marks. According to China’s Vice-Minister of Industry and Information Technology Yang Xueshan, China is determined to have 100 […]