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Mexico-Panama Free Trade Deal In Force

The free trade agreement between Mexico and Panama has entered into force, after Mexico completed its domestic ratification procedures on April 20, 2015. The FTA was signed in Panama on April 3, 2014. The Mexican Senate endorsed legislation to ratify the agreement on March 12 this year and it was published in the Official Gazette […]

Iran Nuclear deal would provide boost for UAE trade

Business chiefs from the UAE hope a framework nuclear deal with Iran could grow the nearly Dh100 billion in trade between the two countries. A preliminary accord struck on Thursday could lead to sanctions being lifted in exchange for curbs to Iran’s nuclear programme. The Iranian president, Hassan Rouhani, said in a televised speech that […]

India Tax Update Advance Pricing Relief For Cross-Border Deals

In a move that brings a big relief for corporations doing cross-border transactions, the government has notified the rules governing the rollback provisions in Advance Pricing Agreements (APA). Though these provisions were announced in Finance Minister, Arun Jaitley’s maiden Budget in July 2014, these could not be operationalised because the rules were not codified. Rollback […]

100% Foreign Ownership In Most Sectors: SAGIA

Saudi Arabia allows foreign investors to have 100 percent ownership of their projects, except in four sectors where they require a Saudi partner, said a senior official of Saudi Arabian General Investment Authority (SAGIA). Ayedh Al-Otaibi, director of Investment Regulations Development and Procedures, said efforts are under way in association with other government departments to […]

Qatar Launches New Special Economic Zone

A new Special Economic Zone (SEZ) has been confirmed in Qatar near the new Hamad Port, just south of Al Wakrah. The zone, to be known as Um Al Houl Special Economic Zone, will seek to attract companies from the petrochemicals, building materials, maritime, metals, logistics, food processing, automobiles, tools, and machinery sectors. The new […]