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ASEAN, World Bank Monitor Progress To AEC 5/17/2012 The Secretariat of the Association of Southeast Asian Nations and the
East Asia and Pacific Region of the World Bank have signed an agreement for the
World Bank to provide advisory services to ASEAN to strengthen its capacity to
monitor progress towards achieving the ASEAN Economic Community.
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US Issues Annual IPR Country Report 5/3/2012 The Office of the United States Trade Representative has released its annual
‘Special 301 Report’ on the perceived adequacy and effectiveness of
US trading partners’ protection and enforcement of intellectual property
rights (IPR).
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ASEAN, EU Confirm Importance Of FTA Talks 5/2/2012 When the foreign ministers of the Association of Southeast Asian Nations and European Union held a meeting in Brunei on April 27, emphasis was
laid on the on-going negotiation of free trade agreements between the two
regions.
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ASEAN Enhances Patent Cooperation Programme 5/2/2012 As announced by the Association of Southeast Asian Nations Intellectual
Property Offices, their Patent Examination Co-operation
(ASPEC) programme has now been enhanced, after a regular review at a working
group meeting in Bangkok in November last year.
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Results Of Annual US Review Of Telecommunications Trade Agreements 4/10/2012 United States Trade Representative Ron Kirk has announced the results of
the 2012 annual review of the operation and effectiveness of telecommunications
trade agreements under Section 1377 of the Omnibus Trade and Competitiveness Act
of 1988.
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WTO Members Pressure Argentina On Trade Policy 4/9/2012 At the Council for Trade in Goods meeting on March 30, 2012, fourteen World Trade Organisation members jointly
expressed their deepening concern about Argentina’s import-licensing measures, which were said to have significantly restricted trade flows.
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ASEAN Comprehensive Investment Agreement Enters Into Force 4/9/2012 At the recent 20th Association of Southeast Asian Nations Summit in Phnom
Penh, Cambodia, its leaders welcomed the entry into force of the ASEAN Comprehensive
Investment Agreement.
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APEC Focuses On Trade And Investment 4/6/2012 The Asia-Pacific Economic Cooperation is moving ahead with cooperative
efforts to evaluate and identify initiatives to support freer, faster and more
beneficial trade in the region that will lead ultimately, it is hoped, to a Free
Trade Area of the Asia Pacific.
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ASEAN Reaffirms Commitment To AEC By 2015 4/4/2012 In Phnom Penh, on April 3-4 2012, at the 20th Association of Southeast Asian Nations Summit, its member states acknowledged the significance of the progress
that has been made in the implementation of the roadmap towards an ASEAN Economic
Community by 2015.
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Thailand Boosts Tax Incentives For Flood-Hit Companies 3/29/2012 In addition to other emergency measures to help companies and entrepreneurs affected
by Thailand’s recent floods, the Board of Investment will provide
further corporate income tax exemptions for businesses in the badly-affected Pathum
Thani and Ayutthaya provinces.
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Canada To Negotiate FTAs With Thailand, Japan 3/27/2012 During the visit of Stephen Harper (pictured), the Canadian Prime Minister, to South-east
Asia, he has announced, together with Yingluck Shinawatra, the Prime
Minister of Thailand, and Yoshihiko Noda, the Prime Minister of Japan, that Canada
will pursue bilateral free trade agreements with both countries.
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Thai Stock Exchange Calls For CGT Relief 3/20/2012 The President of the Stock Exchange of Thailand, Charamporn Jotikasthira,
has disclosed that he will request that the Ministry of Finance exempt investments
made through the intra-Association of Southeast Nations trading platform
from capital gains tax.
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Thailand Shelves VAT Hike 3/16/2012 Thailand’s Deputy Prime Minister and Finance Minister Kittiratt Na-Ranong
has said that the government has no intention of increasing the country’s
value added tax rate.
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ASEAN Economic Community On Track For 2015 2/29/2012 The Association of Southeast Asian Nations economic ministers, at the
conclusion of their meeting in Myanmar, noted the developments in the implementation
of various initiatives aimed at establishing the ASEAN Economic Community in 2015.
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APEC Business Leaders Push Asia-Pac FTA 2/29/2012 The Business Advisory Council of the Asia-Pacific Economic Cooperation is focused on taking further steps towards realizing the goal of an integrated
Asia Pacific economy, and on liberalizing and facilitating trade and investment,
leading ultimately to a Free Trade Area of the Asia Pacific.
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Thailand Increases Bank Tax 2/16/2012 From July 31, 2012, all banks in Thailand will have to pay an increased levy to
help fund the public debt that arose out of financing their rescue during the
1997 Asian financial crisis.
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Thailand Considers Further Tax Relief For Flood Victims 12/26/2011 Thailand's Finance Minister, Thirachai Phuvanatnaranubala, has disclosed that
further tax relief, for both individuals and companies affected by the country’s
recent floods, will be proposed for Cabinet approval shortly.
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Singapore Tops Asia-Pac 'Good Governance' Index 12/14/2011 Vriens and Partners, an Asia-focused corporate advisory firm, has issued its 2011
‘Good Governance for International Business’ index of 19 economies
in the Asia-Pacific region, in which Singapore has edged out Hong Kong for the
number one position.
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WTO Points To Thailand's Complex Tax, Tariff Structure 12/5/2011 A report from the Secretariat of the World Trade Organization, forming the
basis of the sixth review of the trade policies and practices of Thailand which
took place at the end of last month, points out, in particular, the complex and
time-consuming systems that exist for paying taxes and tariffs in the country.
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Thailand Confirms Import Tariff Exemptions 11/30/2011 To help businesses with plants damaged by the floods in the country, Thailand’s
government has approved the waiving of duties on their imports of machinery and
spare parts, until the end of June 2012.
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China Pushes For Faster Asian Trade Liberalization 11/22/2011 China’s Premier Wen Jiabao, in his speech to the 14th Association of Southeast
Asian Nations Plus Three Summit in Bali on November 18, 2011, proposed
that the participating countries should look to accelerate and deepen regional
trade liberalisation and facilitation.
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APEC Approves Cross-Border Privacy Rules 11/18/2011 The Asia-Pacific Economic Cooperation group has approved a new initiative to harmonize cross-border data privacy protection, which is designed to enhance the protection of consumer data that moves between its members, including the United States, at a time when more consumer information is moving across national borders.
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APEC Looks At Regional Economic Integration 11/17/2011 Under the chairmanship of US President Barack Obama, the leaders of the Asia-Pacific
Economic Cooperation group, at their recent meeting in Hawaii, adopted the ‘Honolulu
Declaration’, which looks towards a 'seamless regional economy',
by strengthening regional economic integration and expanding trade, promoting
green growth, and advancing regulatory convergence and cooperation.
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Philippines, Thailand Agree Trade Dispute Settlement 10/20/2011 Filipino and Thai authorities have agreed to a timeframe for the implementation of a resolution following a ruling from the World Trade Organization's Dispute Settlement Board in favour of the Philippines in its action against tax and customs procedures applied in Thailand on imported cigarettes.
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Thailand Ranked Top Expat Destination 10/7/2011 Despite ongoing economic turmoil and political unrest in many parts of the world, a preview of HSBC's 2011 Expat Explorer survey shows that expats remain generally happy in their new countries, with Thailand topping the list of the most popular expat destinations.
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Thailand Considers Radical Tax Reforms 9/30/2011 In addition to recently-announced plans to increase national minimum wages and
reduce corporate income tax rates, and to provide a tax break for first-time home
buyers, Thailand’s Finance Minister, Thirachai Phuvanatnaranubala, has disclosed
that the new government is undertaking a review of the whole of the country’s tax
code.
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Thailand To Cut Corporate Tax 9/23/2011 Thailand’s new government has re-confirmed its intention to reduce the rate
of corporate income tax in order that businesses would be able to cope with the
higher costs arising from its policy of increasing the country’s national
daily minimum wage.
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EU-Singapore Trade Pact In The Offing 9/8/2011 Following his meeting with Singapore's Prime Minister Lee Hsien Long, the President of the European
Commission, Jose Manuel Barroso (pictured) said that a comprehensive Free
Trade Agreement between the EU and Singapore will likely be finalized 'very soon'.
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Thailand Introduces Temporary Cut In Oil Levy 8/30/2011 On August 26, Thailand’s Committee on Energy Policy Administration
decided to cut the collection from refineries of the Oil Fund levy on diesel and
petrol products.
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Cost Of Thailand's Planned Corporate Tax Cut Put At USD5bn 8/8/2011 The Director General of Thailand’s Revenue Department, Satit Rungkasiri,
has disclosed that it has been estimated that the new government’s corporate
tax reduction policy will reduce the country’s tax revenue by some THB150bn
(USD5bn) in the three fiscal years from 2012 to 2014.
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Thailand's SMEs Unaffected By New Policies 8/4/2011 Thailand’s Office of Small and Medium Enterprises Promotion has
expressed the opinion that small and medium enterprises in the country
would not be much affected by the policies of the new government to increase the
minimum wage and reduce corporate income tax.
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EU IP-Related Seizures Surge 7/20/2011 According to the European Commission's annual report on European Union customs
enforcement, more than 103m products suspected of violating intellectual property
rights were seized at Europe's external borders in 2010.
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EFTA Unveils Progress On FTAs 6/23/2011 Following a recent gathering of European Free Trade Association ministers
in Schaan, the Liechtenstein administration announced details of the signing of
a free trade agreement with Hong Kong.
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APEC Stresses Doha Urgency 5/24/2011 A major negotiating breakthrough is required if the Doha Round is to reach a successful conclusion, with many gaps remaining unbridgeable, the Asia-Pacific Economic Cooperation organization has said.
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ASEAN Bloc Tackles Trade Obstacles 5/13/2011 Indonesian Minister of Finance Agus Martowardojo has urged members of the ASEAN
trade bloc to implement reforms to establish greater financial sector integration
between nations, including through easing tax and non-tax barriers and setting
up frameworks to mitigate criminality.
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Moves To Strengthen SMEs In ASEAN 5/10/2011 In the run-up to the 18th Association of Southeast Asian Nations Summit
later this month in Jakarta, more than 200 participants from the
business community, government and academia, have met in a major symposium to
formulate concrete recommendations on what can be done to strengthen small and
medium-sized entities in the region.
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EU Striving For ASEAN Trade Deal 5/9/2011 Karel De Gucht, the European Commissioner for Trade, in his closing remarks to
the first ever Association of Southeast Asian Nations-European Union Business Summit, has said that the European Commission’s ultimate goal
is a free trade agreement with the region.
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APEC Business Leaders Call For Free Trade Deal 5/3/2011 The APEC Business Advisory Council, formed of business leaders from the
21 economies of the Asia-Pacific Economic Cooperation have recommended,
during a recent meeting in Seoul, that concrete steps should be taken to realise
a Free Trade Area of the Asia-Pacific.
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Thailand Approves Tax Break For Foreign Actors 4/14/2011 To promote the increased use of Thailand as a site for international film-making,
and support movie production in the country, the government has agreed a tax break
for foreign actors.
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ASEAN Establishes Tax Forum 4/11/2011 Following a meeting in Indonesia, the Finance Ministers of the Association of
Southeast Asian Nations have established a forum on taxation involving
the tax authorities of all member states.
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Thailand Looks At Corporate Tax Reduction 3/23/2011 The Prime Minister Abhisit Vejjajiva has disclosed to the Federation of Thai
Industries, at a recent seminar, that the government will look at reducing Thailand’s
corporate tax rate to counterbalance a prospective increase to minimum wages.
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ADB Says Asian FTAs Need Consolidation 1/25/2011 A new book from the Asian Development Bank and the Asian Development Bank
Institute considers that Asia is benefiting hugely from the many free trade agreements reached over the last decade, but that the region now needs to consolidate
those agreements.
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Thailand Pledges Not To Increase VAT Rate 12/15/2010 In a rebuttal of some media reports, Thailand’s Prime Minister, Abhisit
Vejjajiva, has confirmed that the government still has no plans to increase the
country’s value added tax from its present rate of 7% to 10%.
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Thailand Readies Tax Breaks For MAI Listings 12/7/2010 Thailand’s Finance Minister, Korn Chatikavanij, has indicated that the government
would be prepared to renew tax incentives for small and medium-sized enterprises looking to list on the country’s Market for Alternative Investment.
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Thailand Studies Tobin Tax 11/29/2010 Thailand’s central bank governor, Prasarn Trairatvorakul, has said that
it is possible that other measures could be used to discourage the inflow of speculative
short-term foreign funds in the country, including a financial transactions tax
on currency transactions.
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Thailand Looks At Corporate Income Tax Cut 11/19/2010 Thailand’s Finance Ministry is undertaking a review of the country’s
tax structure, which could see a significant reduction in corporate and personal
income tax rates together with a rise in the rate of value added tax.
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APEC Commits To Free Trade 11/12/2010 Trade and foreign ministers of the 21 Asia-Pacific Economic Cooperation member nations recommended the extension of the commitment to a standstill on
new trade and investment barriers until the end of 2013, and confirmed that concrete
steps should be taken to realise a Free Trade Area of the Asia-Pacific.
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Japan Bids To Join Pacific Trade Area 11/10/2010 Japan's Prime Minister Naoto Kan has indicated that Japan is willing to participate in talks on joining a free trade pact with the Trans-Pacific Partnership as discussions begin in Yokohama at the 21-member Asia-Pacific Economic Cooperation forum.
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Thailand Taxes Government Bonds 10/14/2010 The Thai government has removed a withholding tax exemption on the trading of government bonds as it seeks to contain a sustained rise in the value of the nation's currency, the baht.
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APEC Officials Focus On Free Trade 9/29/2010 Asia-Pacific Economic Cooperation officials met recently in Japan to discuss
key reports and recommendations on enhancing regional trade and economic integration
that will be submitted to leaders and ministers of its member economies when they
meet in November this year.
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Asia-Pacific Business Leaders Commit To FTAAP 8/31/2010 The Business Advisory Council of the Asia-Pacific Economic Cooperation has affirmed its belief that making progress on a Free Trade Area of
the Asia Pacific presents the best strategy for achieving regional growth.
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Thailand Proposes Tax Breaks For Foreign Films 8/27/2010 To promote the increased use of Thailand as a site for international film-making,
and support movie production in the country, the government has proposed tax incentives
for foreign actors and filmmakers.
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ASEAN Ministers Review Free Trade Progress 8/27/2010 The meeting of the Association of Southeast Asian Nations Economic Ministers, held on August 24-25, 2010, in Da Nang, Vietnam, reaffirmed their resolve
to ensure the realization of the ASEAN Economic Community in 2015.
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Thai Businesses Urged To take Advantage Of FTAs 8/16/2010 A certain lack of knowledge within Thailand’s business community about the
opportunities offered by Thailand’s existing free trade agreements with Australia and New Zealand, and by South Korea’s similar agreement with
the Association of Southeast Asian Nations, has been identified by the
government.
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Thailand VAT Hike Ruled Out 7/14/2010 Thailand’s Prime Minister, Abhisit Vejjajiva, has ruled out an increase
in the rate of value added tax, either this year or next.
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EU And Singapore Edge Closer To FTA 7/8/2010 It has been disclosed that negotiations on the proposed free trade agreement between Singapore and the European Union are proceeding well, and that it
could be completed as early as next year.
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Hong Kong To Implement DTAs 7/8/2010 Orders made to implement double taxation agreements with Brunei, the Netherlands and Indonesia for the avoidance of double taxation and the prevention of tax evasion have been gazetted.
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APEC Commits To Regional Free Trade 6/7/2010 In a statement issued after the close of two-day talks in Sapporo, Japan, Asia-Pacific
Economic Cooperation trade ministers announced progress in achieving
their goals of free and open trade, and in advancing regional economic integration,
including exploring possible pathways to a Free Trade Area of the Asia Pacific.
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APEC To Explore Asia-PAC Free Trade Area 6/2/2010 As trade ministers from the Asia-Pacific Economic Cooperation group prepare for
their annual meeting on June 5 and 6, its Business Advisory Council has
delivered a set of recommendations, including the creation of an Asia-Pacific free trade area.
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Thailand To Cut Tax For Regional HQs 5/31/2010 Thailand’s Deputy Finance Minister, Pradit Phataraprasit, has disclosed
that the government plans, from June 1 this year, to provide substantial tax incentives
for domestic and foreign companies establishing regional headquarters in the country.
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Thailand And Chile To Talk Trade 5/17/2010 As proposed by the Ministry of Commerce, Thailand’s Cabinet has approved
the future negotiation of a bilateral free trade agreement with Chile.
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India Seeks ASEAN FTA Expansion 5/7/2010 Following the entry into force of India’s free
trade agreement in goods with the Association of Southeast Asian Nations from January 1 this year, the Indian government is now lobbying for its extension to trade in services.
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China Remains Atop US IP Watchlist 5/4/2010 The Office of the United States Trade Representative has released its annual 'Special 301' Report on the adequacy and
effectiveness of US trading partners’ protection of intellectual
property rights, which again highlights the prominence of concerns with regards to lax enforcement of IP laws in China.
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ASEAN Summit's Commitment To The AEC 4/12/2010 The Association of Southeast Asian Nations member states, meeting in Vietnam
for the 16th ASEAN Summit on April 8-9, 2010, reaffirmed their strong commitment
to speed up the effective implementation of the roadmap towards an ASEAN Economic
Community.
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World Bank Pushes Asian Integration 4/9/2010 The World Bank’s recent East Asia and Pacific Economic Update, entitled
‘Emerging Stronger from the Crisis’, looks for deeper regional integration
in the area, particularly through the Association of Southeast Asian Nations and its regional free trade agreements.
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