China: Adjusted import duty on a number of products imported for personal use
On 8 April 2016, the State Council of China issued circular Shui Wei Hui [2016] No. 2 adjusting the import duty on a number of items brought into the country for personal use. This action is related to...
View ArticleSaudi Arabia: Export bans on steel and cement lifted
According to consistent press reports in April 2016 the Saudi Arabian Ministry of Commerce and Industry, in apparently separate moves, lifted export bans on cement and steel rebar. One press report...
View ArticleCanada/Province of British Columbia: Restrictions on sales of imported wine...
On March 6, 2014 the provincial government of British Columbia outlined a two-part model for liquor sales in grocery stores. First, the "store-within-a-store" model will apply to private liquor...
View ArticleSaudi Arabia: SIDF provides loan worth 310 million SAR for tire plant in Yanbu
In 2013, the Saudi Industrial Development Fund published its Annual Report for the year 2012. The report mentions a 310 million SAR (ca. 82.5 million USD) loan for the construction of a tyre factory in...
View ArticleSaudi Arabia: SIDF provides loan worth 57 million SAR for electric power...
In 2013, the Saudi Industrial Development Fund published its Annual Report for the year 2012. The report mentions a 57 million SAR (ca. 15 million USD) loan for the construction of an electric power...
View ArticleIndia: Sugar production subsidy to sugar mills extended
On 3 August 2016, the India Cabinet Committe of Economic Affairs approved a formula to provide production subsidy to sugar mills. The quantum of subsidy will be proportinately based on the achievement...
View ArticleSaudi Arabia: SFD signs SAR 187.5 million financing agreement with government...
On 21 July 2016, the Saudi Fund for Development (SFD) signed two agreements with Government of the Republic of Cuba. One agreement totalling SAR 120 million (approx. USD 32 million) will finance a...
View ArticleSaudi Arabia: SFD signs financing agreement with Turkish bank Al Baraka to...
On 16 September 2009, the Saudi Fund for Development (SFD), signed a financing agreement totalling USD 20 million with Turkish bank Al Baraka. The credit line is funded through SFD's Saudi Export...
View ArticleSaudi Arabia: SIDF provides loan worth 85 million SAR for jet engine plant in...
In 2012, the Saudi Industrial Development Fund published its Annual Report for the year 2011. The report mentions a 85 million SAR (ca. 22.7 million USD) loan for the construction of a jet engine plant...
View ArticleCanada: Antidumping investigation of hot-rolled deformed steel concrete...
On August 22, 2016 the Canadian International Trade Tribunal initiated a preliminary injury inquiry into a complaint by AltaSteel Ltd., ArcelorMittal Long Products Canada, g.p., and Gerdeau Longsteel...
View ArticleSaudi Arabia: SFD signs financing agreements with three Turkish banks to...
On 5 September 2014, the Saudi Fund for Development (SFD), signed three financing agreements with Turkish banks. The agreements have a total value of USD 145 million and include the Turkish banks, Bank...
View ArticleSaudi Arabia: SFD signs SAR 262.5 million financing agreement with Alwaha...
On 23 November 2015, the Saudi Fund for Development (SFD), signed a financing agreement with Alwaha.read more
View ArticleSaudi Arabia: SFD signs USD 40 million financing agreement with Saudi company...
On 3 September 2013, the Saudi Fund for Development (SFD), signed a USD 40 million financing agreement with the Saudi company National Petrochemical Industrial Co. The agreement is funded through SFD's...
View ArticleSaudi Arabia: SFD signs USD 20 million financing agreement with Saudi company...
On 8 October 2012, the Saudi Fund for Development (SFD) signed a USD 20 million financing agreement with the Saudi company National Petrochemical Industrial Co. The agreement is funded through SFD's...
View ArticleRussian Federation: State guarantees for the defence industry (ca. 752.25...
On 16 August 2016, the Russian Government (according to Resolution No. 1723-p) authorised the issuance of 7 state guarantees to 6 organisations of the Russian military-industrial complex at the total...
View ArticleEurasian Economic Union: Temporary cancelled import duties on certain...
On 11 July 2016, the Eurasian Economic Union temporarily removed import duties on selected national gas containers. According Council Decision No. 52, the prior duty of 9.2% is waived for containers...
View ArticleBelarus: State support for leader of footwear company "Marko"
On 24 August 2016, the Belarusian government announced state support in the form of a credit guarantee to footwear company "Marko".read more
View ArticleIndia: Temporary incentive on onion exports
On 26 August 2016, the Indian Ministry of Commerce and Industry announced a temporary export incentive for onions. Through Public Notice No. 26/2015-2020, the government grants an export incentive of...
View ArticleArgentina : Elimination of the mandatory use of the export certificate...
On 31 August 2016, the Argentine General Administration of Ports, in order to reduce the logistic costs related with exporting from the port of Buenos Aires, via Resolution 076, eliminated the...
View ArticleRussian Federation: State support for 3 investment projects to be...
On 27 August 2016 the Russian Government approved Resolution No. 1806-p with which it extends with three new projects the list with state supported projects in the Far East of the country. The projects...
View ArticleSACU: Import duty decrease on certain vehicles from 25% to 0%
On 26 August 2016, the South African Revenue Service (SARS) reduced the import tariffs on certain vehicles. According to the SARS decision, the import tariff will be reduced from 25% to 0% for diesel...
View ArticleIndia: Import policy amended on marble & travertine blocks and marble &...
With effect from 1 October 2016, the Indian Ministry of Commerce & Industry amended the import policy of marble & travertine blocks, marble and granite slabs as follows - read more
View ArticleIndia: Additional products added and incentives enhanced for others in export...
On 22 September 2016, the Indian Ministry of Commerce & Industry added additional products for incentives under the Merchandize Exports Incentive Scheme (MEIS). MEIS provides incentives ranging...
View ArticleIndia: Restrictions on import of worked monumental or building stone
On 5 December 2014, the Ministry of Commerce & Industry amended the import policy on worked monumental or building stones. Under the new policy, worked monumental or building stones classified...
View ArticleMalaysia: Export duty increase on crude palm oil from October 2016
On 1 October 2016, the Malaysian government decided to raise the palm oil export duty. The export duty on crude palm oil was increased to 6.5% for the month of August. The product subject to export...
View ArticleRussian Federation: Exempted from payment of VAT imports and sales of...
Decree No. 1069 of 20 October 2016 of the Government of the Russian Federation exempted from the payment of VAT as of 1 October 2016 the imports and sales of certain breeding animals (cattle, pigs,...
View ArticleUK: Second amendment to public procurement rules on use of British steel
On 12 December 2016, the UK government published the procurement policy note 11/16 amending its procurement rules on using British steel (cf. Related Measures). Following an update in April 2016 (cf....
View ArticleRussian Federation: Decreased export duties on sunflower seeds, lead, zinc...
On 15 August 2016, the Russian Government (according to Decree No. 797) unilaterally, and therefore not as part of the Eurasian Economic Union, decreased the export taxes on sunflower seeds, lead, zinc...
View ArticleRussian Federation: Expanded measures for promotion of the local production...
Decree No. 861 of 30 August 2016 expands the existing state intervention (Decree No. 1045 of 1 October 2015) to promote the local production of medicines. Concretely, Decree 861 will:read more
View ArticleRussian Federation: Abolished zero export duty rates with respect to Yarakta...
Decision No. 110 of the Board of the Eurasian Economic Commission of 4 October 2016 canceled the zero export duty, applied with regard to Yarakta (Yaraktinskoe) oil and gas field under the provisions...
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