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TPP Negotiations Make 'Better-Than-Expected' Progress 5/22/2012 The Office of the United States Trade Representative has confirmed that
the twelfth round of negotiations, held recently outside Dallas, Texas, on the
proposed extension to the Trans-Pacific Partnership, between Australia,
Brunei, Chile, Malaysia, New Zealand, Peru, Singapore, the US and Vietnam, made
better-than-expected progress.
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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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Vietnam's SMEs Get VAT Boost 5/16/2012 Vietnam’s Ministry of Finance has announced an extension to value added
tax payment deadlines, so as to provide financial assistance, in particular,
to small and medium-sized enterprises.
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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 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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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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Kirk Explains US Asia-Pacific Trade Policy 5/1/2012 In remarks at Singapore Management University, the United States Trade Representative
Ron Kirk described the Administration’s broad trade policy in the Asia-Pacific region
as using the Trans-Pacific Partnership to make further progress with its
trading partners around the Pacific Rim.
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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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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 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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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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De Gucht Calls For An EU-ASEAN FTA 4/4/2012 During his speech to the European Union – Association of Southeast
Asian Nations Business Summit in Phnom Penh on April 1, Karel De Gucht,
the European Commissioner for Trade, stressed that a comprehensive free trade
agreement was needed between the two regions.
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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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Vietnam To Introduce Road Use Fees 3/16/2012 On behalf of the Vietnamese government, Prime Minister Nguyen Tan Dung has issued
a decree on the establishment, management and use of a VND6 trillion (USD287.4m) annual road maintenance fund, which will be financed from a new road user charge.
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TPP Talks Make Further Headway 3/14/2012 The Office of the United States Trade Representative has stated that the
prospective Trans-Pacific Partnership free trade partners – Australia,
Brunei Darussalam, Chile, Malaysia, New Zealand, Peru, Singapore, the US, and
Vietnam – made further strong headway during the recent eleventh round of
negotiations in Melbourne.
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US Congress Legitimizes Countervailing Duties 3/9/2012 On a bipartisan basis, both the United States Senate and the House of Representatives
have passed a bill to confirm that the Commerce Department can continue to apply
countervailing duties to non-market economies, such as China.
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Vietnam Continues To Cut Fuel Import Taxes 3/7/2012 On March 2, with immediate effect, Vietnam’s Ministry of Finance issued
a new circular which eliminated the 5% import tax on natural gas, propane, ethylene
and other gaseous hydrocarbons.
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US Bill To Legitimize US Countervailing Duties 3/5/2012 In a move that was said to be critical to levelling the playing field for United
States businesses facing unfairly subsidized imports, bipartisan legislation has
been introduced in Congress which confirms that the Commerce Department can continue
to apply countervailing duties to non-market economies, such
as China.
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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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Japanese TPP Negotiations Depends On US Go-Ahead 2/28/2012 While the Japanese government has now concluded a first round of talks with each
of the nine countries that are presently in negotiations for an extension to the
Trans-Pacific Partnership, it is becoming apparent that it
will be up to the United States to make the final decision whether to allow Japan
to join those negotiations.
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Vietnam Cuts Fuel Import Taxes 2/23/2012 On February 21, with immediate effect, Vietnam’s Ministry of Finance issued
a circular which cuts import tax on gasoline, solvents, aviation fuel, diesel
and kerosene.
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Vietnam Extends Corporate Tax Payment Dates 1/25/2012 Vietnamese Prime Minister Nguyen Tan Dung has signed a Decision which approves
an additional delay to the tax payments of small and medium-sized enterprises
and those businesses employing a significant number of workers in certain labour-intensive
sectors.
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US Confirms TPP Not Aimed Against China 1/9/2012 At the Center for Strategic and International Studies in Washington to launch
a speaker series entitled the "Trans-Pacific Partnership: Recovery
through Growth in Asia and the Next Generation of Regional Trade Agreements",
the Deputy National Security Adviser Michael Froman said that the proposed extension to the TPP is not directly aimed against the interests of China.
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Tokyo Tops Cost League For Expat Workers 12/15/2011 Tokyo remains the most expensive city in the world for international assignees as the rising value of the
yen continues to put upward pressure on the cost of living in the country, according
to a new report.
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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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US Puts Green Issues Within TPP Negotiations 12/8/2011 In a prepared statement, the Deputy United States Trade Representative, Demetrios
Marantis, has introduced a ‘green paper’ on how environmental initiatives
are being forwarded within the Trans-Pacific Partnership negotiations.
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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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TPP Participants Reach Outline Agreement 11/16/2011 Following talks on the sidelines of the Asia-Pacific Economic Cooperation Leaders Meeting in Honolulu, the countries negotiating the proposed extension
to the Trans-Pacific Partnership - Australia, Brunei Darussalam, Chile,
Malaysia, New Zealand, Peru, Singapore, the United States and Vietnam –
announced they had reached the broad outlines of an agreement.
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China Welcomes WTO Shoe Tariff Ruling 11/2/2011 China has welcomed the findings of the World Trade Organisation's Dispute Settlement
Body that the European Union's application of anti-dumping duties contravened
trade law, in a recent judgment partially in favour of the nation.
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Vietnam Delays Corporate Tax Payments 11/2/2011 Vietnamese Prime Minister Nguyen Tan Dung has signed a Decision which approves a delay to the payment of corporate income tax for businesses employing
a significant number of workers in certain labour-intensive sectors.
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Strong Progress Made In TPP Talks 11/1/2011 On October 28, 2011, the United States and its Trans-Pacific Partnership partners - Australia, Brunei Darussalam, Chile, Malaysia, New Zealand, Peru, Singapore,
and Vietnam - concluded a ninth round of negotiations in Lima, Peru.
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Study Points To Mutual Benefits For APEC And TPP 10/28/2011 Despite the different nature of their negotiations, a study prepared by the Policy
Support Unit of the Asia-Pacific Economic Cooperation has explored how APEC and
the Trans-Pacific Partnership can be mutually beneficial.
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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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US Points To Progress In TPP Negotiations 9/22/2011 A statement from the Office of the United States Trade Representative has disclosed
that the nine countries involved in negotiating the extended Trans-Pacific Partnership– the United States, Australia, Peru, Vietnam, Malaysia, New Zealand,
Chile, Singapore and Brunei – have made progress in a further round of negotiations
in Chicago.
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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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Vietnam Increases Taxes On Car Imports 8/22/2011 With effect from August 15, 2011, Vietnam’s Customs Department has begun
to implement new duties on second-hand cars with a capacity of less
than 15 people (including the driver) imported into the country.
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Vietnamese Parliament Passes Tax Incentives 8/11/2011 At its closing session on August 6, Vietnam’s parliament passed several
resolutions giving tax incentives, particularly to small and medium-sized enterprises and individuals on lower incomes.
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Vietnam To Raise Coal Export Tax 6/30/2011 Vietnam’s Ministry of Finance has plans to increase the rate of export tax
on all types of coal, from the current level of 15% to 20%, in order to
protect the dwindling level of coal reserves in the country.
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Further Progress Reported At TPP Talks 6/29/2011 A statement from the Office of the United States Trade Representative has disclosed
that the nine countries involved in negotiating the extended Trans-Pacific Partnership have successfully concluded the seventh round of their
negotiations in Ho Chi Minh City, Vietnam.
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Portugal Expands Tax Treaty Remit 6/24/2011 Portugal is to add to its collection of tax treaties still further, with the announcement that negotiations have been concluded with two key countries, and that a new tax information exchange agreement has been signed.
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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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TPP Negotiators Take Stock Of Progress 5/25/2011 Trade ministers from the nine countries involved in negotiating the extended Trans-Pacific
Partnership – the United States, Australia, Peru, Vietnam, Malaysia,
New Zealand, Chile, Singapore and Brunei – have met to take stock of progress
made so far and to consider the path forward as they seek to conclude a high-standard,
regional trade agreement.
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Japan Delays TPP Decision 5/23/2011 As a further consequence of the earthquake and tsunami in March this year, it
has now been officially confirmed that Japan’s decision on whether to join
the Trans-Pacific Partnership will be delayed beyond its expected June deadline.
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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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Pakistan, India Discussing Bilateral Trade Resolutions 4/29/2011 India and Pakistan engaged in talks on April 27-28 to discuss hurdles to bilateral
trade under the South Asian Free Trade Area pact.
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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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USTR Reports Strong Progress In TPP Talks 4/6/2011 The Office of the United States Trade Representative has confirmed that
the United States and its Trans-Pacific Partnership partners - Australia,
Brunei Darussalam, Chile, Malaysia, New Zealand, Peru, Singapore, and Vietnam
- made considerable progress in their sixth round of trade agreement negotiations
held recently in Singapore.
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Clinton Pushes US Free Trade Agenda At APEC 3/14/2011 During remarks to senior officials from the Asia Pacific Economic Cooperation Forum in Washington, Hillary Rodham Clinton, the Secretary of State, emphasized
the strong commitment of the United States government to free trade in the region,
as long as it is fair, transparent and 'delivers results to the American
people.'
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TPP Talks Make Progress 2/23/2011 The Office of the United States Trade Representative has confirmed that
the United States and its Trans-Pacific Partnership partners – Australia,
Brunei Darussalam, Chile, Malaysia, New Zealand, Peru, Singapore, and Vietnam
– concluded their fifth round of negotiations in Santiago, Chile, marking
continued progress toward the goal of developing a trade agreement.
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Japan Sticks To Timetable For TPP Decision 1/21/2011 Banri Kaieda, Japan’s new Trade Minister after Prime Minister Naoto Kan’s
recent ministerial reshuffle, has confirmed that the government will not bring
forward its deadline for deciding whether to join the Trans-Pacific Partnership.
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UK Consumers Foot The Bill For Shoe Tariffs 1/19/2011 UK retailers are urging the European Commission to accept that import taxes which have pushed up the price of shoes from China and Vietnam should finally end.
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Vietnam, EU To Begin Full FTA Talks 1/13/2011 During his visit to Hanoi, Sean Doyle, European Union Ambassador and head
of its delegation to Vietnam, disclosed that negotiations on a bilateral free
trade agreement with Vietnam would begin this year.
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Vietnam Cuts Import Duty On LPG 12/23/2010 In an effort to stabilize rising prices in the domestic market, Vietnam’s
Ministry of Finance has announced that import tariffs imposed on liquefied petroleum
gas have been reduced from 5% to 2%, with effect from December 17, 2010.
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TPP Negotiations Continue 12/9/2010 Negotiating groups comprised of teams from the nine Trans-Pacific Partnership countries are meeting in New Zealand throughout the week to discuss a range of trade and investment issues.
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Momentum For Trans-Pacific Partnership 11/18/2010 Meeting recently on the margins of the APEC meeting in Yokohama, the leaders of
the countries participating in negotiations for the proposed Trans-Pacific Partnership welcomed the solid progress made so far in the talks aimed at negotiating
the regional trade deal, and resolved to seek to conclude the ambitious agreement
as swiftly as possible.
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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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EU, Vietnam Remove Aviation Restrictions 10/6/2010 The European Commission on October 4 announced the signing with Vietnamese
authorities of an aviation agreement, which will remove nationality restrictions
in the bilateral air services agreements between EU member states and Vietnam.
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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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Vietnam, Mozambique Sign DTA 9/13/2010 A bilateral agreement for the avoidance of double taxation between Vietnam
and Mozambique was signed in Hanoi on September 3.
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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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Asian Countries Ranked For IPR Protection 8/31/2010 A survey of almost 1,300 expatriate corporate managers by the Hong Kong-based
research group, Political and Economic Risk Consultancy, found that Singapore
is considered to be the best country in Asia, and Indonesia the worst, at protecting
intellectual property rights.
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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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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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Steady Progress In TPP Negotiations 6/22/2010 As the second round of negotiations for the Trans-Pacific Partnership agreement
ended in San Francisco, the United States Trade Representative Ron Kirk
congratulated all parties on making “significant, positive” progress
during last week’s talks.
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Vietnam Committed To Free Trade 6/9/2010 In talks with the Vietnamese Prime Minister, Nguyen Tan Dung, the World Trade Organization’s
Director General, Pascal Lamy (pictured), welcomed the Vietnamese government’s progress
on removing tax barriers to trade with third countries, consistent with Vietnam’s
call for an urgent conclusion of the Doha Round.
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TPP Discussions Held During APEC Meeting 6/9/2010 Trade ministers of the eight countries looking to join in the new Trans-Pacific
Partnership met in Sapporo, Japan, on the sidelines of the Asia-Pacific
Economic Cooperation meeting, to exchange views and provide guidance to negotiators
ahead of the second round of talks.
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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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Vietnam Discusses Environmental Taxes 6/2/2010 Vietnam’s Finance Minister, Vu Van Ninh, has disclosed to parliament the
limited list of products that the government has suggested would be subject to
the proposed environmental tax.
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WTO To Mediate Trade Disputes 5/26/2010 The World Trade Organization’s Dispute Settlement Body has established panels in respect of the US use of ‘zeroing’ on products
from Korea and Vietnam, and to examine EU anti-dumping measures on Chinese shoe imports.
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Vietnam Provides Transfer Pricing Guidance 5/21/2010 Vietnam has published details of changes in filing and documentation in a new tax circular, which amends its transfer pricing regulations.
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EFTA, Vietnam Talk Free Trade 5/19/2010 On May 19, the European Free trade Association member states signed a joint statement establishing a study group to examine closer trade and investment relations with Vietnam, including the possibility
of negotiating a free trade agreement.
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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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Tunisia, Vietnam Ink DTA 4/22/2010 Economic relations between Tunisia and Vietnam, whose President Nguyen Minh Triet
carried out an official visit to Tunisia on April 12 and 13, have been
strengthened by the signing of a bilateral double taxation agreement between
the two countries at the Tunisian finance ministry.
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Vietnam, Saudi Arabia Sign DTA 4/15/2010 During his recent visit to Saudi Arabia, Vietnam’s President, Nguyen Minh
Triet, together with King Abdullah, witnessed the signing of three agreements
designed to promote economic cooperation and investment between the two countries.
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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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EU Reviews Developing Country Trade Policy 3/17/2010 Karel De Gucht, the European Union Commissioner for Trade, in a speech on
'EU Trade Policy Towards Developing Countries' at a seminar
in Brussels, has discussed how those countries can be helped to move from being
partners in development aid to becoming partners in trade.
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