Leveraging on Free Trade Agreements iadvisory Seminar Series: Doing Business in the Philippines November 12, 2014
|
|
|
- Wilfrid Pearson
- 7 years ago
- Views:
Transcription
1 Leveraging on Free Trade Agreements iadvisory Seminar Series: Doing Business in the Philippines November 12, 2014 presented by: WONG CHIAN VOEN Mayer Brown Consulting Mayer Brown is a global legal services provider comprising legal practices that are separate entities (the Mayer Brown Practices ). The Mayer Brown Practices are: Mayer Brown LLP and Mayer Brown Europe-Brussels LLP, both limited liability partnerships established in Illinois USA; Mayer Brown International LLP, a limited liability partnership incorporated in England and Wales (authorized and regulated by the Solicitors Regulation Authority and registered in England and Wales number OC ); Mayer Brown, a SELAS established in France; Mayer Brown JSM, a Hong Kong partnership and its associated legal practices in Asia; and Tauil & Chequer Advogados, a Brazilian law partnership with which Mayer Brown is associated. Mayer Brown Consulting (Singapore) Pte. Ltd and its subsidiary, which are affiliated with Mayer Brown, provide customs and trade advisory and consultancy services, not legal services. Mayer Brown and the Mayer Brown logo are the trademarks of the Mayer Brown Practices in their respective jurisdictions.
2 Philippine Merchandise Trade Flows 2013 New Zealand India Australia US$ 1.86 billion (1.56%) US$ 1.04 billion (0.87%) US$ 0.54 billion (0.45%) Korea US$ 8.15 billion (6.85%) The Philippines China US$ billion (12.71%) Japan US$ billion (14.28%) ASEAN+6 US$ billion (55.87%) US$ billion (19.14%) ASEAN Singapore US$ 8.42 billion (36.97% of ASEAN trade) EU28 US$ billion (12.09%) US$ billion (12.52%) United States Source: UN Comtrade Database 2
3 FTA Benefits Gradual removal of market barriers Tariff reduction and elimination Removal of non-tariff measures Improved access to markets Expanded marketplace Greater pool of supply Creation of integrated operational space Rationalization Specialization Cost-saving opportunities 3
4 Philippine Import Opportunities Philippine MFN Applied Duties Product Group Duty-free AVG in % Max Animal products Dairy products Fruit, vegetables, plants Coffee, tea Cereals & preparations Oilseeds, fats & oils Sugars and confectionery Beverages & tobacco Cotton Other agricultural products Fish & fish products Minerals & metals Petroleum Chemicals Wood, paper, etc Textiles Clothing Leather, footwear, etc Non-electrical machinery Electrical machinery Transport equipment Manufactures, n.e.s The Philippines Liberalization Levels of Tariff Lines under ASEAN FTAs AFTA 99.65% AANZFTA 95.10% ACFTA 93.00% AIFTA 80.90% AJCEP 97.40% AKFTA 99.00% 4
5 Philippine Export Opportunities Major Markets Agricultural products MFN AVG of Traded TL Pref. Margin Simple Weighted Weighted 1. Japan United States of America European Union Korea, Republic of Thailand Non-agricultural products 1. China United States of America Japan Hong Kong, China Singapore Liberalization under ASEAN FTAs AFTA AANZFTA ACFTA AIFTA AJCEP AKFTA BRN 99.65% 99.2% 98.3% 85.3% 97.7% 99.2% CAM 98.86% 89.1% 89.9% 88.4% 85.7% 97.1% IDN 99.65% 93.7% 92.3% 48.7% 91.2% 91.2% LAO 98.86% 91.9% 97.6% 80.1% 86.9% 90.0% MLS 99.65% 97.4% 93.4% 79.8% 94.1% 95.5% MYA 98.86% 88.1% 94.5% 76.6% 85.2% 92.2% PHI 99.65% 95.1% 93.0% 80.9% 97.4% 99.0% SGP 100% 100.0% 100.0% 100.0% 100.0% 100.0% THA 99.65% 98.9% 93.5% 78.1% 96.8% 95.6% VTN 98.86% 94.8% n.a. 79.5% 94.4% 89.4% AUS 100% CHN 94.1% IND 78.8% JPN 91.9% KOR 90.5% NZ 100% 5
6 Integration into Regional Supply Chain 3 rd Countries Other Parts Parts a1, a2 Manufacture different parts Part A ASEAN (ATIGA) Manufacture different CBU models 3 rd Countries Singapore CBU A Indonesia Parts b1, b2 Part B 3 rd Countries Philippines CBU B Thailand Parts c1, c2 3 rd Countries Part C Thailand 6
7 Integration into Regional Supply Chain (cont d) ASEAN (ATIGA) Singapore Philippines Part A Part B Part c2 Part c1 Part C espring Water Purifiers (HS ) Japan Indonesia Manufacture in Singapore Manufacture in Philippines ASEAN-Japan(AJCEP) Part D Japan Japan-Philippines Economic Partnership Agreement (JPEPA) 7
8 Integration into Regional Supply Chain (cont d) Manufacture in the Philippines Customer in Japan ASEAN-Japan (AJCEP) Automotive Part Automotive Part Invoice Sales Office in Singapore ASEAN-China (ACFTA) Customer in Singapore domestic sale Body Wash Body Wash Body Wash Back-to-Back C/O Manufacture in the Philippines Distribution Hub in Singapore Body Wash Customer in China 8
9 Status of FTAs Involving the Philippines EFTA European Union Pakistan China S. Korea Japan United States India Taiwan Regional FTAs Effective Since THE PHILIPPINES AEC Regional Comprehensive Economic Partnership (RCEP) AFTA 1993 ASEAN-China 1 Jul 2005 ASEAN-Korea 1 Jun 2007 ASEAN-Japan 1 Dec 2008 Australia ASEAN-Australia-New Zealand 1 Jan 2010 New Zealand ASEAN-India 1 Jan 2010 Implemented bilateral Proposed or under consultation and study ASEAN-Hong Kong Regional Comprehensive Economic Partnership (RCEP) On-going negotiations On-going negotiations 9
10 Thank You Mayer Brown Consulting (Singapore) Pte Ltd Wong Chian Voen 10
11 Bangkok Beijing Brussels Charlotte Chicago Düsseldorf Frankfurt Guangzhou Hanoi Ho Chi Minh City Hong Kong Houston London Los Angeles New York Palo Alto Paris Shanghai Singapore Washington DC Mayer Brown is a global legal services organization advising many of the world s largest companies, including a significant portion of the Fortune 100, FTSE 100, DAX and Hang Seng Index companies and more than half of the world s largest banks. Our legal services include banking and finance; corporate and securities; litigation and dispute resolution; antitrust and competition; US Supreme Court and appellate matters; employment and benefits; environmental; financial services regulatory and enforcement; government and global trade; intellectual property; real estate; tax; restructuring, bankruptcy and insolvency; and wealth management. Please visit for comprehensive contact information for all Mayer Brown offices. Mayer Brown is a global legal services provider comprising legal practices that are separate entities (the Mayer Brown Practices ). The Mayer Brown Practices are: Mayer Brown LLP and Mayer Brown Europe-Brussels LLP, both limited liability partnerships established in Illinois USA; Mayer Brown International LLP, a limited liability partnership incorporated in England and Wales (authorized and regulated by the Solicitors Regulation Authority and registered in England and Wales number OC ); Mayer Brown, a SELAS established in France; Mayer Brown JSM, a Hong Kong partnership and its associated legal practices in Asia; and Tauil & Chequer Advogados, a Brazilian law partnership with which Mayer Brown is associated. Mayer Brown Consulting (Singapore) Pte. Ltd and its subsidiary, which are affiliated with Mayer Brown, provide customs and trade advisory and consultancy services, not legal services. Mayer Brown and the Mayer Brown logo are the trademarks of the Mayer Brown Practices in their respective jurisdictions. This publication provides information and comments on legal issues and developments of interest to our clients and friends. The foregoing is intended to provide a general guide to the subject matter and is not intended to provide legal advice or be a substitute for specific advice concerning individual situations. Readers should seek legal advice before taking any action with respect to the matters discussed herein The Mayer Brown Practices. All rights reserved.
Information Disclosure on the Securities Market
3 Legal Update Banking & Finance Construction & Engineering Corporate & Securities Vietnam 06 July 2012 Information Disclosure on the Securities Market Summary On 5 April 2012, the Ministry of Finance
Exports to major trading partners and duties faced
Japan Part A.1 Tariffs and imports: Summary and duty ranges Summary Total Ag Non-Ag WTO member since 1995 Simple average final bound 6.1 28.4 2.7 Binding coverage: Total 99.6 Simple average MFN applied
Exports to major trading partners and duties faced
Korea, Republic of Part A.1 Tariffs and imports: Summary and duty ranges Summary Total Ag Non-Ag WTO member since 1995 Simple average final bound 17.0 59.3 10.1 Binding coverage: Total 94.5 Simple average
Pension Scheme Funding in Germany. Private Investment Funds Practice Discussion Papers
Pension Scheme Funding has become a must for corporates in the German marketplace. The need to optimize investment of pension assets means there are far-reaching opportunities for financial institutions.
Vietnam s Insurance Market: An Overview January 2014
Legal Update Insurance Vietnam 29 January 2014 Vietnam s Insurance Market: An Overview January 2014 1. Introduction Vietnam started liberalising its insurance market by allowing foreign insurers to participate
Perspectives on Cybersecurity and Its Legal Implications
Survey Results 2015 Perspectives on Cybersecurity and Its Legal Implications a 2015 survey of corporate executives The National Institute of Standards and Technology (NIST), a non-regulatory agency of
China s New Trademark Law Introduces Key Changes
Legal Update Intellectual Property Mainland China 13 September 2013 China s New Trademark Law Introduces Key Changes The PRC government passed a decision to amend the PRC Trademark Law on 30 August 2013.
A Quick Start Guide to EMIR: What you need to do and when
Legal Update January 2013 A Quick Start Guide to EMIR: What you need to do and when On 19 December 2012 the Commission adopted the majority of the subordinate legislation necessary to implement Regulation
Protecting Americans from Tax Hikes Act of 2015: Effects on Taxation of Investment in US Real Estate
Legal Update December 21, 2015 Protecting Americans from Tax Hikes Act of 2015: Effects on Taxation of Investment in On December 18, 2015, Congress passed and President Obama signed into law the Protecting
Giving Third Parties Contractual Rights The New Rules
Legal Update Hong Kong 3 June 2015 Giving Third Parties Contractual Rights The New Rules Hong Kong s Contracts (Rights of Third Parties) Ordinance No.17 of 2014 (the Ordinance ) was passed in December
Spring 2015 reforms: the new DC flexibilities
Spring 2015 reforms: the new DC flexibilities THE REFORMS AT A GLANCE y Until April 2015, members usually faced serious tax penalties if they did not spend at least 75% of their DC pots on an annuity meeting
Out-of-the-Money: The IRS Designates Basket Options as Listed Transactions and Transactions of Interest
Legal Update July 24, 2015 Out-of-the-Money: The IRS Designates Basket Options as Listed Transactions and It s been a long hard road for barrier options. In 2010, the Internal Revenue Service (the IRS
Free Trade Agreements (FTAs) with Indonesia. Mike Lee FTA Unit, Trade Services & Policy Group 07 November 2013
Free Trade Agreements (FTAs) with Indonesia Mike Lee FTA Unit, Trade Services & Policy Group 07 November 2013 Topics 1. What is a Free Trade Agreement? 2. Singapore & ASEAN s FTA Network 3. Benefits of
Major Changes Introduced by the New Companies Ordinance Companies Limited by Guarantee 1
Major s Introduced by the New Companies Ordinance Companies Limited by Guarantee 1 1. Abolition of Memorandum of Association Memorandum of Association is abolished for all local companies. Current provisions
Good faith is there a new implied duty in English contract law?
Legal Update July 2013 Good faith is there a new implied duty in English contract law? Background English law does not currently recognise a universal implied duty on contracting parties to perform their
IRS Provides Guidance on Beginning of Construction for Renewable Energy Projects
Legal Update April 16, 2013 IRS Provides Guidance on Beginning of Construction for Renewable Energy Projects On April 15, 2013, the US Internal Revenue Service (the IRS) released Notice 2013-29 1 (the
Addressing UBTI Concerns in Capital Call Subscription Credit Facilities
Legal Update November 2012 Addressing UBTI Concerns in Capital Call Subscription Credit Facilities A subscription credit facility (a Facility), also frequently referred to as a capital call facility, is
Crossing Borders New Guidance on the Transfer of Personal Data outside Hong Kong
Legal Update Privacy & Security Hong Kong 20 January 2015 Crossing Borders New Guidance on the Transfer of Personal Data outside Hong Kong Section 33 of the Hong Kong Personal Data (Privacy) Ordinance
IRS Issues Revised Guidance on Form W-2 Reporting Requirements for Costs of Employer Group Health Coverage
Legal Update January 23, 2012 IRS Issues Revised Guidance on Form W-2 Reporting Requirements for The Patient Protection and Affordable Care Act of 2010 (PPACA) requires employers to report the aggregate
Major Changes Introduced by the New Companies Ordinance Private and Public Companies 1
Major s Introduced by the New Companies Ordinance Private and Public Companies 1 1. Abolition of Memorandum of Association Memorandum of Association is abolished for all local companies. Current provisions
Long-Expected Omnibus HIPAA Rule Implements Significant Privacy and Security Regulations for Entities and Business Associates
Legal Update February 11, 2013 Long-Expected Omnibus HIPAA Rule Implements Significant Privacy and Security Regulations for Entities and Business Associates On January 17, 2013, the Department of Health
Lehman Bankruptcy Court Addresses Scope of the Bankruptcy Code s Safe Harbor for Liquidation, Termination and Acceleration of Swap Agreements
Legal Update January 9, 2014 Lehman Bankruptcy Court Addresses Scope of the Bankruptcy Code s Safe Harbor for Liquidation, Termination and Acceleration of Swap Agreements In Michigan State Housing Development
TERMINATION PAYMENTS AND INTERNATIONALLY MOBILE EMPLOYEES
Article A similar version of this article first appeared in tax Journal, 18 November 2013 TERMINATION PAYMENTS AND INTERNATIONALLY By James Hill Speed Read: The taxation of termination payments paid to
Insurance in Asia We I W d e I e d n e t n if t y. W y e C. W o e C m o m m it m. W it e A. W c e A h c i h ev e e v. e
Insurance in Asia We Identify. We Commit. We Achieve. Insurance Law Firm of the Year Asian Legal Business Awards 2010, 2011, 2013 and 2014 Hong Kong Law Firm of the Year Asian Legal Business Awards 2002-2005,
Guide to Discrimination Law in the PRC
Guide to Discrimination Law in the PRC 1 General Introduction 2 Discrimination Against Women 3 Disability Discrimination 6 Discrimination Against Carriers of Epidemic Pathogens General Introduction There
US Treasury Department Issues Guidance on Energy Grants In Lieu of Tax Credits
Energy Update July 10, 2009 US Treasury Department Issues Guidance on Energy Grants In Lieu of Tax Credits On July 9, 2009, the US Treasury Department (Treasury) issued long-awaited guidance on grants
FDIC Adopts Interim Rule on Temporary Liquidity Guarantee Program
Financial Services Regulatory & Enforcement, Global Financial Markets Initiative update FDIC Adopts Interim Rule on Temporary Liquidity Guarantee Program October 24, 2008 On October 23, 2008, the Federal
New York State Department of Financial Services Proposes a BitLicense Regulatory Framework for Virtual Currency Businesses
Legal Update August 6, 2014 New York State Department of Financial Services Proposes a BitLicense Regulatory Framework for Virtual Currency Businesses The New York State Department of Financial Services
German Insolvency Law is geared towards liquidation of the debtor insolvency plan procedures are only applied in exceptional cases.
German Insolvency Law is geared towards liquidation of the debtor insolvency plan procedures are only applied in exceptional cases. German Insolvency Law German insolvency law is governed by a comprehensive
MALAYSIA - ECONOMIC TRENDS
Volume 167 22 ember 211 Gross Domestic Product MALAYSIA - ECONOMIC TRENDS Sectors Q3 211 Q2 211 Q1 211 Q3 21 % Change (Q3 211/Q3 21) GDP 15,325 1,898 1,911 12,13 5.8 Services 87,75 8,81 82,386 81,3 7.
Corporate Real Estate. Introduction to Mayer Brown s UK Corporate Real Estate Capabilities
2015 Corporate Real Estate Introduction to Mayer Brown s UK Corporate Real Estate Capabilities Contents Page About Mayer Brown 1 The UK Real Estate Group Overview 3 Corporate Real Estate 5 Examples of
Capital Commitment Subscription Facilities and the Proposed Liquidity Coverage Ratio
Legal Update December 20, 2013 Capital Commitment Subscription Facilities and the Proposed Liquidity Coverage Ratio On November 29, 2013, the Board of Governors of the Federal Reserve System (FRB), the
White Paper. Moving Beyond.com
White Paper Moving Beyond.com On June 20, 2011, the Internet Corporation for Assigned Names and Numbers the body responsible for managing the Internet s domain name system approved a framework for dramatically
Intellectual Property & Data Protection 2015: Legal developments you need to know about
Intellectual Property & Data Protection 2015: Legal developments you need to know about Welcome This is a short guide to some of the key legal developments for intellectual property and data protection
Negotiation Skills. RIBA Future Leaders Course. Chris Fellowes Sean Hummerstone Peter Parten Partner Associate Trainee. May 2012
Negotiation Skills RIBA Future Leaders Course May 2012 Chris Fellowes Sean Hummerstone Peter Parten Partner Associate Trainee Mayer Brown is a global legal services organisation comprising legal practices
Rare Bird Sightings: Recent Developments Address Distressed Obligation Issues Faced by REMICs
Article Rare Bird Sightings: Recent Developments Address Distressed Obligation Issues Faced by REMICs By Russell Nance, Erin Gladney and Mark Leeds For more than 30 years, tax practitioners working with
Southeast Asia Development: A Japanese Perspective
Southeast Asia Development: A Japanese Perspective Masahiro Kawai Graduate School of Public Policy University of Tokyo Past is Prologue for Southeast Asia Development: Japan and U.S. Perspectives Carnegie
The Implications of Global Production Chain
The Implications of Global Production Chain Xiaoping Chen Nanyang Technological University CA-EAUI Summer School 2014 FTA in East Asia Workshop Korea University, Seoul Outline The Implications of Global
Restructuring, Bankruptcy & Insolvency in Asia
Restructuring, Bankruptcy & Insolvency in Asia Mayer Brown JSM has one of the most respected Restructuring, Bankruptcy & Insolvency teams in Asia, and is one of only a few law firms in the region with
German Insolvency Law
October 2014 German Insolvency Law an overview. German insolvency law is governed by a comprehensive Insolvency Code which entered into force on January 1, 1999 and has been amended from time to time,
Advantages of Free Trade Agreements (FTAs) between Singapore and China. Mike Lee Free Trade Agreement Unit
Advantages of Free Trade Agreements (FTAs) between Singapore and China Mike Lee Free Trade Agreement Unit Agenda 1. What is a Free Trade Agreement (FTA)? 2. Singapore s FTA Network. 3. Potential Benefits
Insolvency Litigation and Related
Insolvency Litigation and Related Strategic t Concerns US, European and Asian Considerations David Allen Partner London Jean Marie Atamian Partner New York Jan Kraayvanger Partner Frankfurt +44 20 3130
Beginner s Glossary to Fund Finance
Article Beginner s Glossary to Fund Finance By Kristin M. Rylko, 1 Zachary K. Barnett 2 and Mark C. Dempsey 3 Kristin M. Rylko Chicago +1 312 701 7613 krylko@mayerbrown.com Zachary K. Barnett Chicago +1
Negotiating ERP Implementation Agreements for Success
Negotiating ERP Implementation Agreements for Success Paul Chandler 312 701 8499 pchandler@mayerbrown.com Paul Roy 312 701 7370 proy@mayerbrown.com Business & Technology Sourcing Practice "An excellent
ANALYSIS OF NZ MERCHANDISE TRADE DATA YEAR ENDED JUNE 2013
Page 1 of 14 ANALYSIS OF NZ MERCHANDISE TRADE DATA YEAR ENDED JUNE 2013 SUMMARY Provisional merchandise trade data for the June 2013 month was released in July. The June 2013 data provides us with our
Financial services regulatory & enforcement update
Financial services regulatory & enforcement update Federal Reserve Board Issues Final Rule Addressing Mortgage Lending and Servicing Practices under Regulation Z July 22, 2008 On July 14, 2008, the Board
Japan-Mexico Renewed Partnership in the Asia-Pacific
Japan-Mexico Renewed Partnership in the Asia-Pacific --- Uncertainties and Responses --- Asia-Pacific Economic Integration Seminar JETRO/CEESP Prof. Yorizumi WATANABE Faculty of Policy Management KEIO
Asian Development Bank Institute. ADBI Working Paper Series
ADBI Working Paper Series ASEAN Economic Integration through Trade and Foreign Direct Investment: Long-Term Challenges Masahiro Kawai and Kanda Naknoi No. 545 October 2015 Asian Development Bank Institute
Leveraging Supply Chain Finance to Optimize Value
Leveraging Supply Chain Finance to Optimize Value Brad Peterson +1 312 701 8568 bpeterson@mayerbrown.com Massimo Capretta +1 312 701 8152 mcapretta@mayerbrown.com David A. Ciancuillo +1 312 701 7258 dciancuillo@mayerbrown.com
Well advised. www.mayerbrownrowe.com. Law Firm of the Year for Pharma and Medical Devices Law
Well advised www.mayerbrownrowe.com Law Firm of the Year for Pharma and Medical Devices Law +++Nomination for JUVE Awards 2006 Law Firm of the Year and Law Firm of the Year for Promoting Young Talent +++
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
Real Estate and Construction in Thailand
Real Estate and Construction in Thailand Experienced. Insightful. Innovative. Count on Mayer Brown JSM to understand your real estate and construction business in Thailand. REAL ESTATE AND CONSTRUCTION
Trends in Australia s Exports 1
April 2 Trends in Australia s Exports 1 The reduction of trade barriers, and cheaper transportation and communication costs have contributed to Australia becoming more open and more closely integrated
Leveraged Loan Regulatory Uncertainty Presents Opportunities for Direct Loan Funds
Article Leveraged Loan Regulatory Uncertainty Presents Opportunities for Direct Loan Funds By Ann Richardson Knox 1 and Timothy Hicks 2 Ann Richardson Knox New York +1 212 506 2682 aknox@mayerbrown.com
Even Presumed Damages Must Be Proven
Article Even Presumed Damages Must Be Proven By: Charles E. Harris II Plaintiffs attorneys salivate at the mere possibility of a potential defamation per se claim because they think that, if the case gets
Guide to Investing in Real Estate in the PRC
Guide to Investing in Real Estate in the PRC China Business Law Award Winner: Construction & Real Estate China Business Law Journal (2013) Asia Law Firm of the Year (Transactions) Global PERE Awards (2013)
Abusive Practices In Consumer Finance Industry
Legal Update February 12, 2015 The US Consumer Financial Protection Bureau s Abusive Standard Early Lessons The Dodd-Frank Act granted the Consumer Financial Protection Bureau (CFPB or Bureau) the authority
Impact of India-ASEAN Free Trade Agreement: A cross-country analysis using applied general equilibrium modelling
Asia-Pacific Research and Training Network on Trade Working Paper Series, No 107, November 2011 Impact of India-ASEAN Free Trade Agreement: A cross-country analysis using applied general equilibrium modelling
ASEAN 2015: Implications on Philippine Human Resource Development
1 ASEAN 2015: Implications on Philippine Human Resource Development Undersecretary Adrian S. Cristobal Jr. Department of Trade and Industry Managing Head, Board of Investments 2nd National Technology Vocation
Summary of Mexico s Production-Sharing Contract Terms for Shallow Water Areas
Legal Update January 13, 2015 Summary of Mexico s Production-Sharing Contract Terms for Shallow Water Areas The Mexican National Hydrocarbons Commission (CNH) has published the model production-sharing
Authorisation and Restriction: Interplay and other Strategic Considerations
Authorisation and Restriction: Interplay and other Strategic Considerations Informa Conference on REACH Montfort, Jean-Philippe Partner +32 (0)2 551 5970 jpmontfort@mayerbrown.com Brussels, 5 March 2012
For many foreign investors acquiring a Banking License is a crucial step on their way into the German market.
For many foreign investors acquiring a Banking License is a crucial step on their way into the German market. Banking License Requirement The conduct of certain banking and financial services related activities
Chart 1: Zambia's Major Trading Partners (Exports + Imports) Q4 2008 - Q4 2009. Switzernd RSA Congo DR China UAE Kuwait UK Zimbabwe India Egypt Other
Bank of Zambia us $ Million 1. INTRODUCTION This report shows Zambia s direction of merchandise trade for the fourth quarter of 2009 compared with the corresponding quarter in 2008. Revised 1 statistics,
European Union, Trade in goods with USA
European Union, Trade in goods with USA Table of Contents pg - Key Figures 2 - / 2015 2 - - AMA/NAMA product Groups 2 - - SITC product Groups 2 - - Top 5 - HS sections 2 - - Top 5 - SITC sections 2 - EU
II. Merchandise trade
II. Merchandise trade Merchandise trade increased by 5 per cent in volume in 211. The strongest momentum was achieved by trade in manufactured goods, which grew by.5 per cent. Key developments in 211:
Connect the Leading Global Financial Centres by Ultra Low Latency Network
Connect the Leading Global Financial Centres by Ultra Low Latency Network China Telecom Global Ltd. 21 March 2013 Every millisecond counts Time is money & every millisecond counts! Network latency demands
US Bank Regulators Propose Net Stable Funding Ratio Rule to Enhance Financial System Resiliency
Legal Update May 5, 2016 US Bank Regulators Propose Net Stable Funding Ratio Rule to Enhance Financial System Resiliency The Federal Deposit Insurance Corporation (FDIC), Office of the Comptroller of the
Financial Institutions and Cloud Computing What s on the Horizon
Financial Institutions and Cloud Computing What s on the Horizon Rebecca Eisner Partner - Chicago +1 312 701 8577 reisner@mayerbrown.com Mark Prinsley Partner - London +44 203 130 3900 mprinsley@mayerbrown.com
Enhanced Investor Protection Regarding Unlisted Structured Investment Products
Legal Update Banking & Finance Capital Market Investment Funds Financial Services Regulatory & Enforcement 9 June 2010 Enhanced Investor Protection Regarding Unlisted Structured Investment Products Following
The German Pension System. An Overview
Established more than 100 years ago the German Pension System often perceived as an old-fashioned dinosaur has been subject to a number of reforms to make it fit for the challenges of the future. The German
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
UK Services for Multinational Employers
UK Services for Multinational Employers May 2013 Pinsent Masons takes a comprehensive and integrated approach to advising clients around the world on employee matters from rights and risks to rewards and
Asian Development Bank Institute. ADBI Working Paper Series
ADBI Working Paper Series Constructing and Multilateralizing the Regional Comprehensive Economic Partnership: An Asian Perspective Shujiro No. 449 December 2013 Asian Development Bank Institute Shujiro
Early Reactions to the US Department of Labor s Fiduciary Re-Proposal
Legal Update July 17, 2015 Early Reactions to the US Department of Labor s Fiduciary Re-Proposal The US Department of Labor s long-anticipated proposed amendment to regulations defining investment advice
Using GEMPACK software to analyse and build scenarios for the economy of Mo Cay, Ben Tre, Viet Nam
Using GEMPACK software to analyse and build scenarios for the economy of Mo Cay, Ben Tre, Viet Nam Phạm Hữu Tài, Faculty of Information Sciences & Engineering University of Canberra Australia Contents
Market Access and Opportunities. Free Trade Agreements (Trade in Goods) Guide for SMEs
Market Access and Opportunities Free Trade Agreements (Trade in Goods) Guide for SMEs June 2005 INTRODUCTION Free Trade Agreements (FTAs) aim to remove the barriers to trade and investment. They create
FY2015 Survey on the International Operations of Japanese Firms JETRO Overseas Business Survey
Japan External Trade Organization FY2015 Survey on the International Operations of Japanese Firms JETRO Overseas Business Survey March 3, 2016 Japan External Trade Organization (JETRO) Table of contents
A TPP Agreement: An Opportunity for Hawaii. Trade & Investment with TPP Countries Is Good for Hawaii. Jobs Exports Investment 64%
Overview The United States and 11 other countries are currently negotiating a Trans- Pacific Partnership (TPP) agreement, which will strengthen trade and investment relationships across the Asia- Pacific
Joint General Assembly APLAC-PAC 2014 June 21-28, Guadalaja, Mexico
Joint General Assembly APLAC-PAC 2014 June 21-28, Guadalaja, Mexico Suggestions air transportation to Guadalajara, Mexico Below are some suggested connections that can be taken from different countries
Automotive. Meeting your global industry legal needs
Automotive Meeting your global industry legal needs With lawyers in more than 40 offices around the world, the depth and breadth of Hogan Lovells experience in the automotive sector is unmatched. We advise
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
Global Corporate Insurance and Regulatory Bulletin INSURANCE & REINSURANCE INDUSTRY GROUP
Global Corporate Insurance and Regulatory Bulletin INSURANCE & REINSURANCE INDUSTRY GROUP May 2013 May 2013 Contents Page ASIA China: Tighter rules on insurance licensing and life insurance telesales 1
Tax Efficient Supply Chain Management Services
ASIA PACIFIC Tax Efficient Supply Chain Management Services Helping Global Companies Achieve Enterprise-wide Efficiencies TAX 2008 KPMG International. KPMG International is a Swiss cooperative. Member
A Brief Legal Guide to Investing in Real Estate in the US
A Brief Legal Guide to Investing in Real Estate in the US chicago Contents 1. What makes the property market in the United States popular for investment? 1 2. What is the process for a foreign investor
Our Capabilities in Asia
Regional Overview Our Capabilities in Asia Mayer Brown JSM is part of Mayer Brown, one of the world s leading international business law firms advising clients across the Americas, Asia and Europe. Our
European Union, Trade in goods with South Africa
European Union, Trade in goods with South Africa Table of Contents pg - Key Figures 2 - / 2015 2 - - AMA/NAMA product Groups 2 - - SITC product Groups 2 - - Top 5 - HS sections 2 - - Top 5 - SITC sections
Guide on How to Invest in Real Estate in Hong Kong
Guide on How to Invest in Real Estate in Hong Kong Mayer Brown JSM... 9 times a winner of Real Estate Law Firm of the Year, by Asian Legal Business Awards Table of Content 1. How are ownership rights
Appendix SM1: Sources of Modal Data and Calculation of Modal Shares
Online Appendix for Trade and the Greenhouse Gas Emissions from International Freight Transport, Cristea Anca, David Hummels, Laura Puzzello and Avetisyan Misak: Supplementary Materials The supplementary
Mexico s E&P Round One Kicks Off: Bidding Terms for Shallow Water Areas Released
Legal Update December 18, 2014 Mexico s E&P Round One Kicks Off: Bidding Terms for Shallow Water Areas Released On December 11, 2014, the Mexican National Hydrocarbons Commission (CNH) published the bidding
ASSESSMENT OF BARRIERS TO
European Commission DG Trade ASSESSMENT OF BARRIERS TO TRADE AND INVESTMENT BETWEEN THE EU AND MERCOSUR ECONOMIC IMPACT ASSESSMENT MAY 2011 COLOPHON Author: Martin H. Thelle and Eva R. Sunesen Client:
亞 洲 資 本 市 場 的 合 作 契 機 與 挑 戰 Capital Market Cooperation in Asia: To Do, or Not to Do
亞 洲 資 本 市 場 的 合 作 契 機 與 挑 戰 Capital Market Cooperation in Asia: To Do, or Not to Do 薛 琦 Dr. Chi Schive The 28 th Asian Securities Forum, Taipei 2013.10.25 Agenda 0. Prelude: How Capital Markets Cooperate?
EASTSPRING INVESTMENTS ASIA INVESTOR BEHAVIOUR STUDY 2015 INDONESIA. October 2015. eastspring.co.id
EASTSPRING INVESTMENTS ASIA INVESTOR BEHAVIOUR STUDY 2015 INDONESIA October 2015 eastspring.co.id 2 Asia Investor Behaviour Study 2015 - Indonesia Asia Investor Behaviour Study 2015 - Indonesia CONTENTS
Global Receivables Finance
Fact Sheet Global Receivables Finance Banking & Finance is a founding practice of the firm and remains one of our signature strengths. Drawing on decades of experience, Mayer Brown offers a leading global
Group Companies and Network
Annual Report 2009 By business segment as of March 31, 2009 Operations in Japan Corporate Financial Services Domestic Sales Administrative Headquarters Lending, Leasing, Other Financial Services Apr. 1964
Regional Strategies 82/90
Regional Strategies 82/90 Global Operations NTT Com Group has subsidiaries and offices in 85 cities in 30 countries/regions except Japan, which connect networks to more than 150 countries around the world.
Disconnected: The Telephone Consumer Protection Act at 25 Years Old
Legal Update March 28, 2016 Disconnected: The Telephone Consumer Protection Act at 25 Years Old The Telephone Consumer Protection Act ( TCPA or Act ) has become fertile ground for plaintiffs seeking to
Your Team for China. Legal advice. Tax advice. Luther.
Your Team for China Legal advice. Tax advice. Luther. Luther Law Offices Focusing on Asia Legal advice especially in Asia is more than explaining the legal system to you. We are here to do more. We make
2015 Outlook: Data Privacy and Security in the United States, the European Union and Hong Kong
2015 Outlook: Data Privacy and Security in the United States, the European Union and Companies and organizations face an ever-expanding set of statutes and regulations regarding consumer privacy, data
European Union, Trade in goods with Mexico
European Union, Trade in goods with Mexico Table of Contents pg - Key Figures 2 - / 2014 2 - - AMA/NAMA product Groups 2 - - SITC product Groups 2 - - Top 5 - HS sections 2 - - Top 5 - SITC sections 2
GETPAID Xpress Edition (XE)
AvantGard Receivables GETPAID Xpress Edition (XE) Automating Credit, Collections & Dispute Resolution In today s fast paced environment, companies of all sizes are under ever-growing pressure to increase