ASEAN Trade in Goods Agreement, TP Rules in India, Setting Up in Vietnam – China Outbound
Our weekly round up of other news affecting foreign investors throughout Asia.
In recent years, tariff reductions have significantly increased the profitability of establishing regional supply chains within the ASEAN region.
To implement operations successfully, careful attention must be paid to rules pertaining to local content and sourcing of inputs.
Transfer pricing refers to the rules used for pricing transactions within and between enterprises under common ownership or control.
The article explains the arm’s length price, specified domestic transactions, advance pricing agreement, country-by-country reporting, and transfer pricing documentation as implemented in India.
Chinese SOE China Railway Corporation (CRC) has stated that Russia’s Far Eastern Federal District is currently one of the priority markets for expanding the company’s core operations as part of the Belt and Road Initiative.
The region requires developing a network of railroads, motorways, new bridges and other transport infrastructure key to China’s global shipping routes strategy.
Although the vast majority of the multiple EU infrastructure development projects still go to EU-based contractors, eyes have been raised at the small, but increasing number of big ticket projects being won by Chinese contractors.
China has become far more professional in the past two to three years in competing for tenders than in the past.
On August 23, 2018, Vietnam issued Decree 108/2018/ND-CP on business registration, which amended the previous Decree 78/2015/ND-CP.
Decree 108 has simplified the procedures for business registration and will be in effect from October 10, 2018.
New provisions cover the application process, conversion of enterprises, charter capital, business locations, and other registration procedures.