Vietnam Exempts Import Tax Under Australia, ASEAN, New Zealand Treaty
Jul. 1 – Vietnam will exempt as much as 90 percent of tax lines on goods imported from Australia, New Zealand and Association of Southeast Asian Nations (ASEAN) members this year. By 2017, Vietnam will remove import tariffs on butter, milk and cheese. Import duties on car components will also be slashed to 5 percent […]
Hong Kong Signs Tax Treaties with Netherlands, Brunei
Mar. 29 – Hong Kong recently signed tax agreements with Brunei and the Netherlands for the avoidance of double taxation and the prevention of fiscal evasion of income tax. The deals come at the urging of the Organization for Economic Cooperation and Development, which has asked China’s Special Administrative Region to incorporate a more transparent […]
Indonesia Wants to Delay China-ASEAN Pact
Jan. 14 – The Indonesian government has formally lodged a letter to the Association of Southeast Asian Nations (ASEAN) asking for the group’s free trade pact with China to be delayed to January 2011. The deal began this month; imposing zero tariffs on around 90 percent of imported goods including textiles, steel and chemicals. Indonesia […]
India, Indonesia to Sign Free Trade Agreement
Oct. 20 – After signing the India-ASEAN Free Trade Agreement, Jakarta and New Delhi are now set to launch negotiations for a similar bilateral deal to open trade in goods and services between their respective countries. The Indo-Indonesian Joint Study Group (JSG) after studying the advantages of an economic cooperation between the two recommends the […]
Vietnam, Chile Begin Fourth Round of FTA Negotiation
Oct. 1 – Vietnam and Chile began the fourth round of free trade negotiations in Chilean capital of Santiago on Monday. “At this stage, we expect to move ahead on the issues related to the first negotiation stage”, the Chilean authorities said. Chili views Vietnam as great potential market for foreign investment. “The agreement will […]