Cambodia s Policy on Investment. Ratana PEN Heinrich Boell Foundation Cambodia

Size: px
Start display at page:

Download "Cambodia s Policy on Investment. Ratana PEN Heinrich Boell Foundation Cambodia"

Transcription

1 Cambodia s Policy on Investment Ratana PEN Heinrich Boell Foundation Cambodia

2 Policy Framework for Investment in Cambodia 1. Investment Policy 2. Investment Promotion and Facilitation 3. Trade Policy 4. Competition Policy 5. Tax Policy 6. Corporate Governance 7. Policies for promoting responsible business conduct 8. Human Resource Development 9. Infrastructure and financial sector development 10. Public governance

3 Open Door Policy for Investment Liberal foreign investment regime 100% foreign equity ownership investments are allowed except the ownership of land Free remittance of foreign currencies abroad. No price controls on products or services Equal treatment of all investors No nationalization adversely affecting the property of investors No foreign exchange controls on current account transactions Clear Legal Framework for Investment

4 Private Sector Development Strategy Investment Climate: Amendment of Law on Investment (2003) and its sub decree 111 ANKr. BK (27 September 2005) Automatic approval One Stop Service Trade Facilitation : Single administrative document, Single Window, Risk Management (Sihanouvillle Port) Trade Sectoral Wide Approach (Trade SWAp) Government Private Sector Forum: Participatory approach

5 A ONE STOP SERVICE Information & Application Approval Customs Duty & Tax Exemption Visa & Work Permit Company Registration TOWARD EFFICIENCY IN CUSTOMER SERVICING

6 Investment Protection Agreements

7 Investment Priority Sectors Agriculture and Agro Industry Transportation and Telecommunication Sector Energy Sector Labor Intensive Industries and Export Oriented Industries Processing Industry Tourism Sector Human Resource Development Oil & Gas, Mining

8 Competitive Investment Incentives Corporate tax 20% Tax holidays: up to 9 years Full Import Duty Exemption Repatriation of profit (withholding tax) Reinvestment of earning (special depreciation)

9 Priority in Agriculture Development Create Agriculture Support and Development Fund of US$18 million; Rural Development Bank Zero tariff on importing agriculture materials such as seeds, fertilizers, pesticide and agricultural equipment etc.; and Planned further incentives for investment in processing facilities, rice milling for exports and investment in irrigation; Streamlined procedures to promote rice exports; Promoting farmer organization by setting up cooperatives; Seeds, fertilizers, agricultural extension, marketing Royal Decree NS/RK/0609/009 dated 20June 2009 decided as follows; QIPs in Agriculture and Agro Industry Sector shall receive the incentives of Priority period of tax holiday for 3 (three) years, which means Max.9years.

10 Natural Resource Land (economic land concession up to 99 year contract plantation, agro industry crop, etc.) Oil, Gas and Minerals (bauxite, gold, iron, manganese, phosphate rock, silica,...) Chinese, Vietnamese, Thailand, Korean, Australian and domestic

11 Legal Framework for Trade Law on Negotiable Instruments and Payment Transactions (2005) Law on the Adoption and Implementation of United Nations Convention on the Recognition and Enforcement of Foreign Arbitral Awards (2001) Law on the Management of Quality and Safety of Products and Services (2000) Law on the Amendments of the Law on the Commercial Regulations and Commercial Register (1999)

12 Legal Framework for Trade Law on Foreign Exchange (1997) Law on the Chamber of Commerce (1995) Law Bearing on the Commercial Regulations and Commercial Register (1995) Law in progress: Law on Establishing Commercial Court Law on Anti dumping, Countervailing Duty and Safeguard Regulations on Sanitary and Phyto sanitary Measures (SPS) Law on Business Association, Cooperatives Law on Competition (Final Draft)

13 Cambodia s Integration into World Market Access to US and EUROPEAN market since 1996 (mainly textile) Asean 1999 WTO 2004 Membership of GMS, MIGA, ICSID, WIPO, WCO and other international organizations

14 Thank you for your attention អរគ ណ

CUBAN FOREIGN INVESTMENT LEGISLATION

CUBAN FOREIGN INVESTMENT LEGISLATION CUBAN FOREIGN INVESTMENT LEGISLATION Decree Law 50 of 1982 ( Decree Law 50 ) was Cuba s first foreign investment act authorizing the formation of international joint-ventures with foreign investors. In

More information

Mozambique Fiscal Guide 2012/13 kpmg.com

Mozambique Fiscal Guide 2012/13 kpmg.com TAX Mozambique Fiscal Guide 2012/13 kpmg.com Introduction: Mozambique Fiscal Guide 2012/13 Income tax Business Income The residence basis of taxation is applied in Mozambique to the worldwide income of

More information

UNITED REPUBLIC OF TANZANIA TANZANIA INVESTMENT CENTRE INVESTMENT CLIMATE AND OPPORTUNITIES IN TANZANIA

UNITED REPUBLIC OF TANZANIA TANZANIA INVESTMENT CENTRE INVESTMENT CLIMATE AND OPPORTUNITIES IN TANZANIA UNITED REPUBLIC OF TANZANIA TANZANIA INVESTMENT CENTRE INVESTMENT CLIMATE AND OPPORTUNITIES IN TANZANIA PRESENTATION TO THE CDM WORKSHOP DAR ES SALAAM INTERNATIONAL CONFERENCE CENTRE 21 ST JANUARY,2008

More information

Cambodia Tax Profile. kpmg.com.kh

Cambodia Tax Profile. kpmg.com.kh Cambodia Tax Profile kpmg.com.kh Content 1 2 Tax Profile Income Tax Treaties for the Avoidance of Double Taxation 6 Indirect Tax (e.g. VAT/GST) 7 8 Personal Taxation Other Taxes 9 11 Free Trade Agreements

More information

International and domestic laws and contracts related to extractive industries - Myanmar s Context -

International and domestic laws and contracts related to extractive industries - Myanmar s Context - International and domestic laws and contracts related to extractive industries - Myanmar s Context - 7th October 2015, Bangkok U San Myint Deputy Director General Directorate of Investment and Company

More information

FOREIGN INVESTMENT PROMOTION AND PROTECTION ACT

FOREIGN INVESTMENT PROMOTION AND PROTECTION ACT FOREIGN INVESTMENT PROMOTION AND PROTECTION ACT Chapter One Definitions Article 1: The terms and expressions used in the present Act shall have the meanings specified below: Act: Foreign Investment Protection

More information

The EU India FTA in Agriculture and Likely Impact on Indian Women

The EU India FTA in Agriculture and Likely Impact on Indian Women The EU India FTA in Agriculture and Likely Impact on Indian Women Executive Summary Roopam Singh and Ranja Sengupta Centre for Trade and Development and Heinrich Boell Foundation, New Delhi, December,

More information

PERU TRADE BARRIERS FREE TRADE NEGOTIATIONS

PERU TRADE BARRIERS FREE TRADE NEGOTIATIONS PERU TRADE BARRIERS The U.S. trade deficit with Peru was $1.6 billion in 2004, an increase of $895 million from $710 million in 2003. U.S. goods exports in 2004 were $2.1 billion, up 23.4 percent from

More information

DOING BUSINESS IN MALAYSIA

DOING BUSINESS IN MALAYSIA DOING BUSINESS IN MALAYSIA COUNTRY INTRODUCTION Strategically located in Southeast Asia with an area of 329,750 km 2. Practices parliamentary democracy with a Constitutional Monarch. Population comprises

More information

Competition based Industrial Policy. Outline. What is industrial policy? What is industrial policy? Framework for Industrial Policy

Competition based Industrial Policy. Outline. What is industrial policy? What is industrial policy? Framework for Industrial Policy What is industrial policy? Competition based Industrial Mari Pangestu Jakarta, May 3, 2005 Source of growth often thought to matter: indigenous vs. foreign Is it confined to industries/manufacturing? How

More information

ACT. No. 10 2004. Sierra Leone. The Investment Promotion Act, 2004. Supplement to the Sierra Leone Gazette Vol. CXXXV, No. 49 dated 26th August, 2004

ACT. No. 10 2004. Sierra Leone. The Investment Promotion Act, 2004. Supplement to the Sierra Leone Gazette Vol. CXXXV, No. 49 dated 26th August, 2004 ACT Supplement to the Sierra Leone Gazette Vol. CXXXV, No. 49 dated 26th August, 2004 25 THE INVESTMENT PROMOTION ACT, 2004 ARRANGEMENT OF SECTIONS PART I PRELIMINARY SIGNED this 20th day of August, 2004

More information

IMPLEMENTING REGULATIONS OF THE FOREIGN INVESTMENT PROMOTION AND PROTECTION ACT

IMPLEMENTING REGULATIONS OF THE FOREIGN INVESTMENT PROMOTION AND PROTECTION ACT Unofficial Translation 1381/7/23 [15 October 2002] No. T/32556 H27932 Ministry of Economic Affairs and Finance The Council of Ministers in their meeting dated 24/6/1381[15 September 2002] considering the

More information

Mozambique Fiscal Guide 2013/14

Mozambique Fiscal Guide 2013/14 Mozambique Fiscal Guide 2013/14 TAX kpmg.com 1 Mozambique Fiscal Guide 2013/2014 Mozambique Fiscal Guide 2013/2014 2 Income tax Business income The residence basis of taxation is applied in Mozambique

More information

SUMMARY (1) ECONOMIC ENVIRONMENT

SUMMARY (1) ECONOMIC ENVIRONMENT Page vii SUMMARY 1. The UAE's trade regime is open, with low tariffs and few non-tariff barriers to trade. The UAE's openness was instrumental to achieving the solid growth registered prior to the global

More information

Getting to Yes: Negotiating Mining Investment Agreements During Difficult Economic Times - Focus on Africa

Getting to Yes: Negotiating Mining Investment Agreements During Difficult Economic Times - Focus on Africa Getting to Yes: Negotiating Mining Investment Agreements During Difficult Economic Times - Focus on Africa Avril Cole, Lawyer Norton Rose Fulbright Canada LLP March, 2014 Putting Contracts in Context Review

More information

EL SALVADOR TRADE SUMMARY IMPORT POLICIES

EL SALVADOR TRADE SUMMARY IMPORT POLICIES EL SALVADOR TRADE SUMMARY The U.S. goods trade balance with El Salvador went from a trade deficit of $134 million in 2005 to a trade surplus of $301 million in 2006. U.S. goods exports in 2006 were $2.2

More information

INVESTMENT PROMOTION, STRATEGIES, POLICIES AND PRACTICES MALAYSIA S EXPERIENCE

INVESTMENT PROMOTION, STRATEGIES, POLICIES AND PRACTICES MALAYSIA S EXPERIENCE INVESTMENT PROMOTION, STRATEGIES, POLICIES AND PRACTICES MALAYSIA S EXPERIENCE OECD China Conference on Foreign Investment 11 12 September 2000 Xiamen, People s Republic of China By Kaziah Abdul Kadir

More information

Public Information Notice (PIN) No. 01/94 FOR IMMEDIATE RELEASE September 19, 2001 International Monetary Fund 700 19 th Street, NW Washington, D. C. 20431 USA IMF Concludes 2001 Article IV Consultation

More information

Brief on Sri Lanka s Position on the Key Issues of the Hong Kong Ministerial Declaration

Brief on Sri Lanka s Position on the Key Issues of the Hong Kong Ministerial Declaration Brief on Sri Lanka s Position on the Key Issues of the Hong Kong Ministerial Declaration While Sri Lanka shares most of the characteristics and concerns of a typical low income developing country it has

More information

GHANA. www.dlapiper.com 01

GHANA. www.dlapiper.com 01 GHANA www.dlapiper.com 01 Introducing Reindorf Chambers and the Ghanaian legal environment Key information on Ghana Formerly known as the Gold Coast, Ghana is located in West Africa, and became independent

More information

Highlights of Organic Issues within National Agric Policy (20013)

Highlights of Organic Issues within National Agric Policy (20013) Highlights of Organic Issues within National Agric Policy (20013) (Ministry of Agriculture Food Security and Cooperatives Tanzania By. Mibavu, G. M. 1 Outline i. Introduction ii. Opportunities on Organic

More information

TAXATION AND FOREIGN EXCHANGE

TAXATION AND FOREIGN EXCHANGE This appendix contains a summary of laws and regulations in respect of taxation and foreign exchange in Hong Kong and the PRC. I. TAXATION IN THE PRC 1. Taxes Applicable to Joint-Stock Limited Companies

More information

Ghana Fiscal Guide 2013/14 kpmg.com

Ghana Fiscal Guide 2013/14 kpmg.com TAX Ghana Fiscal Guide 2013/14 kpmg.com 1 Ghana Fiscal Guide 2013/2014 INTRODUCTION Ghana Fiscal Guide 2013/2014 Ghana Fiscal Guide 2013/2014 2 Income tax Business income Generally, residents are taxable

More information

LEGAL GOVERNANCE FOR BUSINESSES IN MYANMAR

LEGAL GOVERNANCE FOR BUSINESSES IN MYANMAR LEGAL GOVERNANCE FOR BUSINESSES IN MYANMAR GOH WANJING PARTNER, INFRASTRUCTURE, CONSTRUCTION AND ENGINEERING GROUP MYANMAR REPRESENTATIVE WongPartnership LLP (UEN: T08LL0003B) is a limited liability law

More information

Indonesia's mineral added value/beneficiation: Effort to promote sustainable growth and industrial development

Indonesia's mineral added value/beneficiation: Effort to promote sustainable growth and industrial development UNCTAD GLOBAL COMMODITIES FORUM 13-14 April 2015 Indonesia's mineral added value/beneficiation: Effort to promote sustainable growth and industrial development By Mr. Sujatmiko Director of Mineral and

More information

Estonia 1.2. Economic Performance and Market Reforms. General developments

Estonia 1.2. Economic Performance and Market Reforms. General developments Estonia 1.2. Economic Performance and Market Reforms General developments Estonia is one of the most successful emerging market economies in Central and Eastern Europe. The GDP has grown by an average

More information

LAO PDR. All Sectors. Central. National Treatment

LAO PDR. All Sectors. Central. National Treatment 1. Sub All s Foreign investors 1 are not allowed to own land, but allowed to lease land or to receive grant concession of land for investment purpose. The period of the lease is between 35 50 years and

More information

31 st July 2008 Brunei Darussalam. Page 1 of 22 -

31 st July 2008 Brunei Darussalam. Page 1 of 22 - Information of NonConforming Measures referred to in paragraphs 3 and 5 of Article 62 in Chapter 5 Economic Partnership Agreement between Brunei Darussalam and Japan 31 st July 2008 Brunei Darussalam Page

More information

Ministry of Trade and Industry Republic of Trinidad and Tobago SMALL STATES IN TRANSITION FROM VULNERABILITY TO COMPETITIVENESS PAPUA NEW GUINEA

Ministry of Trade and Industry Republic of Trinidad and Tobago SMALL STATES IN TRANSITION FROM VULNERABILITY TO COMPETITIVENESS PAPUA NEW GUINEA Ministry of Trade and Industry Republic of Trinidad and Tobago Commonwealth Secretariat SMALL STATES IN TRANSITION FROM VULNERABILITY TO COMPETITIVENESS PAPUA NEW GUINEA THE NEED FOR A UNIQUE STRATEGIC

More information

I BASIC PROVISIONS Scope of application Article 1.

I BASIC PROVISIONS Scope of application Article 1. I BASIC PROVISIONS Scope of application Article 1. This Law regulates foreign investment into companies and other forms of business establishments with the aim of profit gaining (hereinafter referred to

More information

Moving toward AEC: Impact to Internal Audit

Moving toward AEC: Impact to Internal Audit RISK CONSULTING Moving toward AEC: Impact to Internal Audit By: Prawin Kurowat and Term Techasarin The Institute of Internal Auditors of Thailand Annual Seminar 2012 9 August 2012 ADVISORY Panel Mr. Prawin

More information

Brazil Round 1. Selected Issues on Brazilian Taxation. Dr. Condorcet Rezende Ulhôa, Canto, Rezende e Guerra - Advogados

Brazil Round 1. Selected Issues on Brazilian Taxation. Dr. Condorcet Rezende Ulhôa, Canto, Rezende e Guerra - Advogados Brazil Round 1 Selected Issues on Brazilian Taxation Dr. Condorcet Rezende Ulhôa, Canto, Rezende e Guerra - Advogados Brazilian Tax System - Introduction Basic principles of Brazilian taxation set forth

More information

Supplementary materials

Supplementary materials Supplementary materials X. Imports and exports from Mexico One of the priority objectives of Mexican foreign trade policy is to promote exports, especially non-petroleum exports. Achievement of this goal

More information

FOREIGN INVESTMENT: A LATIN AMERICAN LEGAL FRAMEWORK COMPARISON

FOREIGN INVESTMENT: A LATIN AMERICAN LEGAL FRAMEWORK COMPARISON FOREIGN INVESTMENT: A LATIN AMERICAN LEGAL FRAMEWORK COMPARISON Considering that a friendly regulatory framework regarding Foreign Direct Investment (FDI) constitutes an extremely important factor in its

More information

ASEAN-CHINA AGREEMENT ON TRADE IN SERVICES LAO PDR. Schedule of Specific Commitments. (For the First Package of Commitments)

ASEAN-CHINA AGREEMENT ON TRADE IN SERVICES LAO PDR. Schedule of Specific Commitments. (For the First Package of Commitments) ASEAN-CHINA AGREEMENT ON TRADE IN SERVICES ANNEX 1/SC1 LAO PDR Schedule of Specific Commitments (For the First Package of Commitments) 1 LAO PDR - SCHEDULE OF SPECIFIC COMMITMENTS Modes of supply: 1) Cross-border

More information

Uganda Fiscal Guide 2012/13 kpmg.com

Uganda Fiscal Guide 2012/13 kpmg.com Tax Uganda Fiscal Guide 2012/13 kpmg.com Introduction: Uganda Fiscal Guide 2012/13 Income tax Basis of taxation Income tax is levied on both companies and individuals under the Income Tax Act, (Cap 340)

More information

Assessment the Effect of Free Trade Agreements on Exports of Lao PDR

Assessment the Effect of Free Trade Agreements on Exports of Lao PDR ARTNeT Workshop: Trade and Investment for Tomorrow: Promoting Asia-Pacific Regional Integration Assessment the Effect of Free Trade Agreements on Exports of Lao PDR Bounlert VANHNALAT and Alay PHONVISAY

More information

Negotiating a Deep Regional Trade Agreement Simulation Exercise prepared for CUTS training seminar October, 2007

Negotiating a Deep Regional Trade Agreement Simulation Exercise prepared for CUTS training seminar October, 2007 Negotiating a Deep Regional Trade Agreement Simulation Exercise prepared for CUTS training seminar 21-27 October, 2007 Common Facts Northistan and Southistan should be negotiating a free trade agreement,

More information

Negotiation of a Free Trade Agreement between Hong Kong and the Association of Southeast Asian Nations. Consultation Document

Negotiation of a Free Trade Agreement between Hong Kong and the Association of Southeast Asian Nations. Consultation Document Negotiation of a Free Trade Agreement between Hong Kong and the Association of Southeast Asian Nations Consultation Document INTRODUCTION The Government of the Hong Kong Special Administrative Region will

More information

Cambodia Tax Profile. Produced in conjunction with the KPMG Asia Pacific Tax Centre. Updated: August 2013

Cambodia Tax Profile. Produced in conjunction with the KPMG Asia Pacific Tax Centre. Updated: August 2013 Cambodia Tax Profile Produced in conjunction with the KPMG Asia Pacific Tax Centre Updated: August 2013 Contents 1 Corporate Income Tax 1 2 Income Tax Treaties for the Avoidance of Double Taxation 5 3

More information

Law360, New York (April 14, 2010) -- Canada s Ministry of Finance announced on March 4,

Law360, New York (April 14, 2010) -- Canada s Ministry of Finance announced on March 4, Law360 Portfolio Media. Inc. 860 Broadway, 6th Floor New York, NY 10003 www.law360.com Phone: +1 646 783 7100 Fax: +1 646 783 7161 customerservice@portfoliomedia.com Tariff Cuts As Economic Stimulus By

More information

FOREIGN DIRECT INVESTMENT IN CAMBODIA

FOREIGN DIRECT INVESTMENT IN CAMBODIA FOREIGN DIRECT INVESTMENT IN CAMBODIA PHNOM PENH SECURITIES PLC. No. 32, Monivong Bld, Phnom Penh, Cambodia Tel: +855-23-426-999 Fax: +855-23-426-495 Website: http://www.pps.com.kh In this Paper: Executive

More information

Overview of Ethiopian Investment Opportunities and Policies APRIL 2014

Overview of Ethiopian Investment Opportunities and Policies APRIL 2014 Overview of Ethiopian Investment Opportunities and Policies APRIL 2014 Introduction Africa s Story is changing 10 Years Ago Today Ethiopia has great potential for investments for several reasons 1 2 3

More information

REPUBLIC OF MONTENEGRO FOREIGN INVESTMENT LAW

REPUBLIC OF MONTENEGRO FOREIGN INVESTMENT LAW REPUBLIC OF MONTENEGRO FOREIGN INVESTMENT LAW Montenegrin Investment Promotion Agency (www.mipa.cg.yu) 1 I Basic provisions FOREIGN INVESTMENT Article 1 Foreign investors can, in order to conduct economic

More information

Regional Free Trade Agreements and their Implications for Australian Financial Services. Stephen Kirchner

Regional Free Trade Agreements and their Implications for Australian Financial Services. Stephen Kirchner Regional Free Trade Agreements and their Implications for Australian Financial Services Stephen Kirchner (skirchner@afma.com.au) December 2014 Introduction Australia has concluded bilateral free trade

More information

DEMOCRATIC REPUBLIC OF TIMOR-LESTE GOVERNMENT. Draft Law on External Investment. Nr. /2005. (date)

DEMOCRATIC REPUBLIC OF TIMOR-LESTE GOVERNMENT. Draft Law on External Investment. Nr. /2005. (date) DEMOCRATIC REPUBLIC OF TIMOR-LESTE GOVERNMENT Draft Law on External Investment Nr. /2005 (date) The policies set down in the National Development Plan for economic growth and the promotion of the private

More information

Liberia Fiscal Guide 2013/14

Liberia Fiscal Guide 2013/14 Liberia Fiscal Guide 2013/14 TAX kpmg.com 1 Liberia Fiscal Guide 2013/2014 Liberia Fiscal Guide 2013/2014 2 INTRODUCTION Liberia Fiscal Guide 2013/2014 Income tax Business income Generally residents are

More information

Country Paper - Lao PDR

Country Paper - Lao PDR Multi-year Expert Meeting on Commodities and Development Palais des Nations, Geneva, 24-25 March 2010 Country Paper - Lao PDR Prepared by Mr. Sirisamphanh VORACHITH Ministry of Industry and Commerce of

More information

Real GDP Growth (%) 3.5 (Central Bank, October, 2009, estimated) Core Inflation (excludes food prices) (%) 4.3 (Central Bank, June 2010)

Real GDP Growth (%) 3.5 (Central Bank, October, 2009, estimated) Core Inflation (excludes food prices) (%) 4.3 (Central Bank, June 2010) MINISTRY OF TOURISM INVESTMENT FACILITATION Getting Started To answer the first question the following points are salient: Trinidad and Tobago Economic Indicators GDP (USD Mn) 24, 000 (Budget Statement

More information

DOING BUSINESS IN MYANMAR MYANMAR LEGAL SERVICES LTD

DOING BUSINESS IN MYANMAR MYANMAR LEGAL SERVICES LTD 12 March 2014 DOING BUSINESS IN MYANMAR By MYANMAR LEGAL SERVICES LTD A foreign investor looking at a project or transaction in Myanmar for the first time will find an outdated but developing legal framework

More information

CHAPTER 2 : TRADE IN GOODS. Except as otherwise provided, this Chapter applies to the trade in goods between the Parties.

CHAPTER 2 : TRADE IN GOODS. Except as otherwise provided, this Chapter applies to the trade in goods between the Parties. CHAPTER 2 : TRADE IN GOODS ARTICLE 2.1 : SCOPE AND COVERAGE Except as otherwise provided, this Chapter applies to the trade in goods between the Parties. ARTICLE 2.2 : DEFINITIONS For the purpose of this

More information

Kazan Federal University

Kazan Federal University Kazan Federal University The Russian agricultural sector and WTO: advantages and disadvantages Doctor of Economic Sciences, Head of the Banking Chair Vagizova Venera Doctor of Economic Sciences Labedeva

More information

www.fidfinvest.com Taxation in United Arab Emirates

www.fidfinvest.com Taxation in United Arab Emirates Taxation in United Arab Emirates The United Arab Emirates (UAE) is located on the southern coast of the Arabian Gulf and is a Federation of seven emirates, Abu Dhabi, Dubai, Sharjah, Ajman, Umm Al Quwain,

More information

Agricultural Competitiveness Green Paper

Agricultural Competitiveness Green Paper Primary Producers SA Unit 4 780 South Road GLANDORE SA 5037 Phone: 08 8297 0899 Email: awilliams@ppsa.org.au Agricultural Competitiveness Taskforce Department of the Prime Minister and Cabinet PO Box 6500

More information

Official English translation of the investment law. In the Name of God, Most Gracious, Most Merciful. In the Name of the People

Official English translation of the investment law. In the Name of God, Most Gracious, Most Merciful. In the Name of the People Official English translation of the investment law In the Name of God, Most Gracious, Most Merciful In the Name of the People President s Office - Kurdistan Region - Iraq Pursuant to legislation by the

More information

THE CONTRACT FOR SINO-FOREIGN EQUITY JOINT VENTURE

THE CONTRACT FOR SINO-FOREIGN EQUITY JOINT VENTURE THE CONTRACT FOR SINO-FOREIGN EQUITY JOINT VENTURE Chapter 1 General Provisions In accordance with the Law of the People s Republic of China on Joint Ventures Using Chinese and Foreign Investment (the

More information

Japan-India Comprehensive Economic Partnership Agreement (CEPA)

Japan-India Comprehensive Economic Partnership Agreement (CEPA) Japan-India Comprehensive Economic Partnership Agreement (CEPA) Significance of Japan-India CEPA GDP of India s FTA/CEPA Partners (among the recently signed agreements) FTA/CEPA with the biggest GDP partner

More information

DAWEI Sea PROJECT Port Project DAWEI AND THE REGION

DAWEI Sea PROJECT Port Project DAWEI AND THE REGION February 2012 DAWEI Sea PROJECT Port Project DAWEI AND THE REGION PROJECT LOCATION Kunming India Middle East / Europe Dawei Africa Asia Regional Hub DAWEI Sea PROJECT Port Project DAWEI PROJECT OVERVIEW

More information

Global commitment, central coordination, local delivery Doing business in Azerbaijan. Vugar Mammadov, 14 October, Belgium

Global commitment, central coordination, local delivery Doing business in Azerbaijan. Vugar Mammadov, 14 October, Belgium Global commitment, central coordination, local delivery Doing business in Azerbaijan Vugar Mammadov, 14 October, Belgium Table of contents Taxation Customs Other issues Current trends 2015 Deloitte & Touche,

More information

Ministry of Finance. Ha Noi, December 2013

Ministry of Finance. Ha Noi, December 2013 Ministry of Finance Ha Noi, December 2013 Legal framework Law on State Budget and guiding documents Decision 158/2008/QD-TTgdated December 2 nd 2008 approving the National Target Program on Response to

More information

Global Stock Options. COLOMBIA Brigard & Urrutia Abogados

Global Stock Options. COLOMBIA Brigard & Urrutia Abogados Global Stock Options COLOMBIA Brigard & Urrutia Abogados CONTACT INFORMATION: Pilar Lopez Brigard & Urrutia Abogados Calle 70A No. 4-41 Bogota, D.C. Colombia 571. 346 2011 plopezb@bu.com.co To understand

More information

CRS Report for Congress

CRS Report for Congress Order Code RS22419 Updated September 21, 2006 CRS Report for Congress Received through the CRS Web U.S.-Colombia Trade Promotion Agreement Summary M. Angeles Villarreal Analyst in International Trade and

More information

A Trade Agenda that Gets Results

A Trade Agenda that Gets Results A Trade Agenda that Gets Results Annex to the Canadian Chamber of Commerce Election Platform June 2015 A Trade Agenda that Gets Results The Canadian Chamber of Commerce 1 Canada s next government should

More information

AUSTRALIA - FACT SHEETS

AUSTRALIA - FACT SHEETS AUSTRALIA - FACT SHEETS Official Name Commonwealth of Australia Geographical location (Latitude) 10 41 South and 43 39 South (Longitude) 113 09 East and 153 39 East Area 7.7 million sq.km (coastline 25,760

More information

Free Zones is a part of the territory of a Contracting Party where any goods introduced are generally regarded, insofar as import duties and taxes

Free Zones is a part of the territory of a Contracting Party where any goods introduced are generally regarded, insofar as import duties and taxes Free Zones is a part of the territory of a Contracting Party where any goods introduced are generally regarded, insofar as import duties and taxes are concerned, as being outside the Customs territory"

More information

Inclusive Model for Agribusiness Development. October 2011

Inclusive Model for Agribusiness Development. October 2011 Inclusive Model for Agribusiness Development October 2011 Prevailing Agribusiness Environment Weak economic governance Absence of a coherent agricultural development strategy Lack of investment in agriculture

More information

WORLD INVESTMENT FORUM 2014 INVESTMENT OPPORTUNITIES IN THE DOMINICAN REPUBLIC

WORLD INVESTMENT FORUM 2014 INVESTMENT OPPORTUNITIES IN THE DOMINICAN REPUBLIC WORLD INVESTMENT FORUM 2014 INVESTMENT OPPORTUNITIES IN THE DOMINICAN REPUBLIC Dr. Jean Alain Rodríguez Secretary of State Executive Director October, 2014 DOMINICAN REPUBLIC AT A GLANCE Population: 10.4

More information

Sustainable and Renewable Energy Development Authority (SREDA) of Bangladesh Role and Responsibility

Sustainable and Renewable Energy Development Authority (SREDA) of Bangladesh Role and Responsibility Sustainable and Renewable Energy Development Authority (SREDA) of Bangladesh Role and Responsibility Welcome to SREDA Siddique Zobair Member (EE & C) Sustainable & Renewable Energy Development Authority

More information

Fewer regulations and more flexible than equity joint venture Easy to develop local as well as international market rapidly.

Fewer regulations and more flexible than equity joint venture Easy to develop local as well as international market rapidly. 1. Abstract Build-Up a Joint Venture Company Mozammel Khan Engineering Manager (Hardware Design) Elysium Broadband Inc. Toronto, Canada Email: mozammel@bpnetwork.ca Phone: 1-416 916-1558 The main objective

More information

Country Tax Guide. www.bakertillyinternational.com

Country Tax Guide. www.bakertillyinternational.com www.bakertillyinternational.com International Tax Contact Moscow Andrey Kirillov T: +7 (495) 783 88 00 a.kirillov@bakertillyrussaudit.ru Corporate Income Taxes Resident companies, defined as those which

More information

Asia. Natural Resources and Economy of Southeast Asia

Asia. Natural Resources and Economy of Southeast Asia Primary Industry Chart - Agriculture for Mainland Southeast Asia products Myanmar Thailand Cambodia Laos Vietnam rubber rice sugar cane timber fishing coconuts cattle pigs palm oil tropical fruits opium

More information

MODEL SCHEDULE OF WTO COMMITMENTS FOR INVESTMENT BANKING, TRADING, AND ASSET MANAGEMENT Explanatory Memorandum

MODEL SCHEDULE OF WTO COMMITMENTS FOR INVESTMENT BANKING, TRADING, AND ASSET MANAGEMENT Explanatory Memorandum March 8, 2005 MODEL SCHEDULE OF WTO COMMITMENTS FOR INVESTMENT BANKING, TRADING, AND ASSET MANAGEMENT Explanatory Memorandum I. INTRODUCTION Internationally active securities companies are working together

More information

INVESTING ON RENEWABLE ENERGY IN ALBANIA

INVESTING ON RENEWABLE ENERGY IN ALBANIA INVESTING ON RENEWABLE ENERGY IN ALBANIA Introduction Who We Are Ayen Energy Group Our Investment in Albania Why We have Choosen to Invest in Albania Conclusion Turkey s Leading Energy Company One of the

More information

TAXATION INTRODUCTION

TAXATION INTRODUCTION TAXATION INTRODUCTION India has a complex tax structure and levy ranges from taxes and duties on corporate income, personal income, manufacturing, sale of goods, works contract, rendition of services,

More information

Laos Tax Profile. Produced in conjunction with the KPMG Asia Pacific Tax Centre. Updated: June 2015

Laos Tax Profile. Produced in conjunction with the KPMG Asia Pacific Tax Centre. Updated: June 2015 Laos Tax Profile Produced in conjunction with the KPMG Asia Pacific Tax Centre Updated: June 2015 Contents 1 Corporate Income Tax 1 2 Income Tax Treaties for the Avoidance of Double Taxation 5 3 Indirect

More information

R. JAYARAJ, M.A., Ph.D.,

R. JAYARAJ, M.A., Ph.D., Analyzing the international business environment and identifying key factors for international business operations R. JAYARAJ, M.A., Ph.D., 1-1 What is International Business All commercial transactions

More information

Doing Business in Botswana. A Guide to Investment In The Land Of Blue Sky Opportunities

Doing Business in Botswana. A Guide to Investment In The Land Of Blue Sky Opportunities Doing Business in Botswana A Guide to Investment In The Land Of Blue Sky Opportunities 1 Why Botswana? Botswana is Stable, Peaceful, and Transparent Botswana provides a peaceful and stable environment

More information

UNION AFRICAINE AFRICAN UNION UNIÃO AFRICANA !!!!

UNION AFRICAINE AFRICAN UNION UNIÃO AFRICANA !!!! AFRICAN UNION UNION AFRICAINE UNIÃO AFRICANA Statement by H.E Erastus Mwencha Deputy Chairperson of African Union Commission on the Occasion of Africa-Turkey Women Entrepreneurs Trade Bridge; 27 February

More information

TYPES OF ECONOMIC SYSTEMS Definition Key Terms Countries

TYPES OF ECONOMIC SYSTEMS Definition Key Terms Countries Cuba Brazil TYPES OF ECONOMIC SYSTEMS Definition Key Terms Countries 1) Market economy An economic system in which individuals own and operate the factors of production. 2) Command economy An economic

More information

Small Farm Modernization & the Quiet Revolution in Asia s Food Supply Chains. Thomas Reardon

Small Farm Modernization & the Quiet Revolution in Asia s Food Supply Chains. Thomas Reardon Small Farm Modernization & the Quiet Revolution in Asia s Food Supply Chains Thomas Reardon Part 1 of Talk: Introduction to research issues and method 1. Introduction to Research Issues 1. Research past

More information

Peru, Argentina, and Brazil: Economic Factors

Peru, Argentina, and Brazil: Economic Factors Peru, Argentina, and Brazil: Economic Factors PERU Grade 6 Economic Overview: Peru's economy reflects its varied geography - an arid coastal region, the Andes further inland, and tropical lands bordering

More information

SLB CONSULTING. Legal Aspects of Doing Business in the Gulf Countries. Presented By Me. Laila Sahyoun. Business Unit Networks Business Unit Networks

SLB CONSULTING. Legal Aspects of Doing Business in the Gulf Countries. Presented By Me. Laila Sahyoun. Business Unit Networks Business Unit Networks SLB CONSULTING Legal Aspects of Doing Business in the Gulf Countries Presented By Me. Laila Sahyoun Agenda 1. Transacting with Gulf Cooperation Council (GCC) 2. Strategic positioning & legal aspects 3.

More information

NIGERIA S EXPORT TRADE OF AGRICULTURAL COMMODITIES: QUALITY CONTROL AND STANDARDS 2004 PRESENTED

NIGERIA S EXPORT TRADE OF AGRICULTURAL COMMODITIES: QUALITY CONTROL AND STANDARDS 2004 PRESENTED NIGERIA S EXPORT TRADE OF AGRICULTURAL COMMODITIES: QUALITY CONTROL AND STANDARDS 2004 PRESENTED BY MRS. G.M. SASORE SPEECIAL ADVISER/CEO NIGERIAN EXPORT PROMOTION COUNCIL HEADQUARTERS, ABUJA AT THE NIGERIA

More information

AIRCRAFT FINANCE ONLINE

AIRCRAFT FINANCE ONLINE AIRCRAFT FINANCE ONLINE QUESTIONS Below are listed the questions which are posed in each of the country chapters contained in this work. For illustrative purposes only, reference is only made to English

More information

LAW ON INVESTMENT CHAPTER 1. General Provisions

LAW ON INVESTMENT CHAPTER 1. General Provisions NATIONAL ASSEMBLY No. 59-2005-QH11 SOCIALIST REPUBLIC OF VIETNAM Independence - Freedom - Happiness LAW ON INVESTMENT Pursuant to the 1992 Constitution of the Socialist Republic of Vietnam as amended by

More information

Business in Egypt Your step-by-step guide to doing business in Egypt

Business in Egypt Your step-by-step guide to doing business in Egypt egypton.com Business in Egypt Your step-by-step guide to doing business in Egypt Egypt enjoys working with the world We are committed to encouraging the world s ICT companies to come and do business in

More information

TANZANIA REVENUE AUTHORITY TAXATION IN TANZANIA

TANZANIA REVENUE AUTHORITY TAXATION IN TANZANIA TANZANIA REVENUE AUTHORITY TAXATION IN TANZANIA THE TANZANIA INVESTMENT AND TRADE PROMOTION 1.0 INTRODUCTION Tax administration in Tanzania has a three-tier structure, namely Central Government tax administration,

More information

What Foreign Banks Need to Know About the Law and Taxes in Myanmar Sebastian Pawlita 9 February 2015

What Foreign Banks Need to Know About the Law and Taxes in Myanmar Sebastian Pawlita 9 February 2015 What Foreign Banks Need to Know About the Law and Taxes in Myanmar Sebastian Pawlita 9 February 2015 INTRODUCTION Regulatory framework of the banking sector Sources of law: New Banks and Financial Institution

More information

Intergest Thailand - Newsletter

Intergest Thailand - Newsletter Intergest Thailand - Newsletter June 2013 Corporate Structures in Thailand Limited Company Branch Office Representative Office Regional Office Regional Trade & Investment Support Office Sole Proprietorships

More information

CHINA TAX, ACCOUNTING, AND AUDIT IN 2014-2015. IV. Accounting, Audit and Tax Compliance V. International Taxation

CHINA TAX, ACCOUNTING, AND AUDIT IN 2014-2015. IV. Accounting, Audit and Tax Compliance V. International Taxation TAX, ACCOUNTING, AND AUDIT IN CHINA 2014-2015 I. China s Tax System II. China s Business Taxes III. Individual Income Tax IV. Accounting, Audit and Tax Compliance V. International Taxation Produced in

More information

Side-by-side Comparison of the 2014 and 2015 TPA Bills

Side-by-side Comparison of the 2014 and 2015 TPA Bills Side-by-side Comparison of the 2014 and 2015 TPA Bills ***Prepared by Ways and Means Committee Democratic Staff*** A comparison of the Bipartisan Congressional Trade Priorities Act of 2014 (Baucus-Hatch-Camp)

More information

Fifty years of Australia s trade

Fifty years of Australia s trade Fifty years of Australia s trade Introduction This edition of Australia s Composition of Trade marks the publication s 50th anniversary. In recognition of this milestone, this article analyses changes

More information

ALMEIDA ADVOGADOS BUSINESS LAW B USINESS LAW. Expertise, Commitment, Attention to Detail and Understanding BRASIL SAO PAULO RIO DE JANEIRO BRASILIA

ALMEIDA ADVOGADOS BUSINESS LAW B USINESS LAW. Expertise, Commitment, Attention to Detail and Understanding BRASIL SAO PAULO RIO DE JANEIRO BRASILIA SAO PAULO RIO DE JANEIRO IA BELO HORIZONTE Expertise, Commitment, Attention to Detail and Understanding BUSINESS LAW EXPERTISE Year after year, Almeida Advogados expands across sectors and specialties,

More information

The World Trade Organization...

The World Trade Organization... The World Trade Organization......In brief, the World Trade Organization (WTO) is the only international organization dealing with the global rules of trade between nations. Its main function is to ensure

More information

INVESTING IN SAINT LUCIA SPECIALIZED INVESTMENT OPPORTUNITIES FOR SMART BUSINESS

INVESTING IN SAINT LUCIA SPECIALIZED INVESTMENT OPPORTUNITIES FOR SMART BUSINESS INVESTING IN SAINT LUCIA SPECIALIZED INVESTMENT OPPORTUNITIES FOR SMART BUSINESS PRESENTED BY: McHale Andrew CEO INVEST SAINT LUCIA SAINT LUCIA - Country Profile 2 Source: Central Statistics Office ECONOMIC

More information

INVESTING IN TURKEY THE NEW INVESTMENT INCENTIVE SYSTEM

INVESTING IN TURKEY THE NEW INVESTMENT INCENTIVE SYSTEM INVESTING IN TURKEY THE NEW INVESTMENT INCENTIVE SYSTEM Warsaw, February 2013 New Program Policy Orientation The year 2023 would be the centenary of Turkish Republic s establishment. Therefore we set up

More information

Establishment of a Wholly Foreign-owned Enterprise

Establishment of a Wholly Foreign-owned Enterprise Establishment of a Wholly Foreign-owned Enterprise Wholly foreign-owned enterprises (WFOEs) are entities established under the Law of the People s Republic of China on WFOEs (the WFOE Law ). By definition,

More information

Credit: Nasa, Visible Earth MYANMAR

Credit: Nasa, Visible Earth MYANMAR Credit: Nasa, Visible Earth MYANMAR We are pioneers in the frontier markets of Asia. A market leader - they ve got a very strong presence here. - They are knowledgeable about the market and give sensible

More information

Law of Georgia On the Investment Activity Promotion and Guarantees

Law of Georgia On the Investment Activity Promotion and Guarantees Law of Georgia On the Investment Activity Promotion and Guarantees The present law defines the legal bases for realizing both foreign and local investments and their protection guarantees on the territory

More information

EXPERT MEETING on. Geneva, 24-25 September 2007. Foreign Direct Investment in Vietnam. Ms. Le Hai Van

EXPERT MEETING on. Geneva, 24-25 September 2007. Foreign Direct Investment in Vietnam. Ms. Le Hai Van EXPERT MEETING on COMPARING BEST PRACTICES FOR CREATING AN ENVIRONMENT CONDUCIVE TO MAXIMIZING DEVELOPMENT BENEFITS, ECONOMIC GROWTH AND INVESTMENT IN DEVELOPING COUNTRIES AND COUNTRIES WITH ECONOMIES

More information