Channel Title: Forbes.com: Manufacturing News
Manufacturing news and reports from Forbes.com |
Channel Title: International Business Opportunities
Articles, insights and comments on expanding business overseas by professional experts in International Business. Offshore Outsourcing. B2B tools for Small Business- Russian Insurance Companies Not Capable of Competing with Foreign Insurers - Prime Minister Mikhail Fradkov
Russia’s Prime Minister Mikhail Fradkov said Thursday that major Russian insurance companies could be taken over by foreign investors following the country’s accession to the World Trade Organization (WTO).[…]
Only three to five Russian insurance companies may be capable of competing with foreign insurers following Russia’s accession to the WTO, he said.[…]
Currently, foreign insurers cannot set [...] - U.S. - India Row Over Temporary Working Visas
US officials have written to nine Indian firms based in the US, asking them to account for their workforce, and explain how the visas were granted.
The US authorities are concerned that the Indian companies are trying to avoid hiring skilled American workers.
US authorities grant a total of 65,000 temporary working visas every year. (see H-1B [...] - India-China Bilateral Trade Set To Touch $40 bn
Senior trade representatives of India and China today forecast that the bilateral trade volume will surge from the current $25 billion to $40 billion by 2009, a full year ahead of the target set by the two governments.
During the first quarter (Jan-Mar) of this year, bilateral trade has touched USD 8.2 billion, soaring by 58 [...] - EU Eliminates Duties on Imports from Former Colonies
The European Union will eliminate most of the remaining customs charges on imports from 78 former colonies in Africa, the Caribbean and Pacific in an effort to fuel the commodity-dependent economies.
The EU’s trade arrangements with the group of developing countries expire on Jan. 1. Today’s decision to increase access to the European market, backed [...] - Spain Introduces Law To Fight Property Speculators
The Spanish Parliament has passed a law aimed at controlling property speculators whom the government blames for spiralling house prices.
Official documents will list everybody who has owned any piece of land in the five years before its development.[…]The government hopes that reducing the number of speculators and the degree of corruption will bring down [...] - Emirates and Netherlands Sign Double Taxation Pact
United Arab Emirates and Netherlands signed yesterday in Abu Dhabi a double taxation avoidance agreement.
The agreement means that companies will pay tax only in their home country, avoiding double taxation. Tax waiver agreements exempt countries from paying tax on income and capital in both countries.
The minister said the pact would enhance bilateral economic, commercial and [...] - Skilled Labour Shortage Forces Australia To Rise Quotas for Migrant Visas
Australia is to admit more skilled migrant workers to help ease its labour shortage while cracking down on firms which mistreat foreign staff.
An extra 5,000 places for skilled migrants were unveiled by ministers as part of the government’s annual budget.
New powers are also being sought to fine firms which underpay workers or place them in [...] - EU Halves Import Duty on Nonalloyed Raw Aluminium
The European Union has halved its import duty on nonalloyed raw aluminium to 3% from 6% in a bid to boost deliveries from Russia.
The EU said in an official statement that the decision was reached on Monday.
It said the partial suspension of the tariff would come into force “three days following its publication in the [...] - EU and SKorea in Free Trade Talks
A series of free trade talks between South Korea and the European Union are taking place in Seoul from 7 to 11 May.
[…]EU Trade Commissioner Peter Mandelson and South Korean trade minister Kim Hyun-Chong both called for rapid progress in free trade negotiations. Officials hope to conclude negotiations within a year. […]The European Union is [...] - EU-GCC Talks for Free Trade Pact
A EU-Gulf Cooperation Council (GCC) summit will beginon Tuesday May 8, in Riyadh, Saudi Arabia.
The summit could lead to a free trade deal between EU and the GCC - which includes Saudi Arabia, Bahrein, United Arab Emirates, Kuwait, Omand and Qatar.
The two blocs had started to negotiate a free trade agreement [...]
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