Patent Renewal in India, Vietnam-Canada Relations – China Outbound
Our weekly round up of other news affecting foreign investors throughout Asia:
It is not mandatory for foreign investors looking to enter the Indonesian market to establish a new Limited Liability Company. However, for those looking to establish a new Limited Liability Company or Penanaman Modal Asing (PT PMA), the article discusses the key steps they would need to follow.
India’s Patent Act mandates patent holders to pay renewal or maintenance fee for keeping their patents in force for the entire term. The first renewal fee is payable before the expiration of the second year of the patent – which is essentially the start of the third year of the patent.
The European Commission has just released a report “Connecting Europe and Asia – Building blocks for an EU Strategy” within which it lays out a basic framework for “a strategy on connecting Europe and Asia.”
Vietnam is Canada’s largest trade partner in ASEAN. Despite the establishment of diplomatic ties in 1973, relations between the two countries have only recently strengthened.