ASEAN Briefing News

China Signs Bilateral Agreements with Ireland and Indonesia

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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

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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

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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

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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

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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

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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

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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 […]

Sharma: FTA with Africa Next Logical Step for India

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Nov. 17 – Indian Minister of Commerce and Industry Anand Sharma believes that the relationship between India and Africa will be the defining partnership of the 21st Century and stated that an FTA with different regions on the continent would be the next logical step during the India Economic Summit in New Delhi on Tuesday. […]

India and Canada Launch FTA Talks

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Nov. 12 – Indian Prime Minister Manmohan Singh and Canadian Prime Minister Stephen Harper announced on Friday that they have begun discussing the possibility of a bilateral free trade agreement. The two leaders officially launched the talks after meeting privately on the sidelines of the G20 Summit in Seoul, commenting in a joint statement that […]

Japan and India Endorse Free Trade Agreement, Discuss Future Relations

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Oct. 27 – Japanese Prime Minister Naoto Kan and Indian Prime Minister Manmohan Singh officially agreed on Monday to support a bilateral free trade agreement, signaling intentions by Japan to wean itself off of imports from China as well as an expansion of India’s role in the region. After recent territorial disputes and rumored Chinese […]

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