South Korea's Defence Acquisition Program Administration (DAPA) is launching reforms to help local industry expand in domestic and international defence markets. The reforms were announced on January 7 but came into force on December 31.
Peru’s Ministry of Defence (MINDEF) has released new offset regulations. Two new General Directives clarify the process for devising and evaluating offset proposals.
A report from South Africa’s Zondo Commission reveals that South African Airways Technical (SAAT), a subsidiary of South African Airways (SAA), shirked its offset obligations in a tender for component services. The Department of Trade, Industry & Competition (DTIC) has resolved to reinforce its regulations.
Ukrainian President Volodymyr Zelensky has approved a new law on the localisation of industrial production. The country reached a compromise with the European Union after consultations in October 2021.
India’s offset policy is inefficient and hampering procurements, says Amit Cowshish, a consultant and former Indian Financial Advisor (Acquisition) at the Ministry of Defence. Moving forwards, India’s offsets programme may fall by the wayside.
The Philippines’ Ministry of Defence has confirmed a $375m deal for the BrahMos supersonic cruise missile, jointly developed by India and Russia. The sale comes soon after India and Russia exchanged a non-paper on bilateral industry engagement and joint defence projects in Central Asia.