Main headlines from this issue

Peru publishes offset guidelines – with a flexible approach to the basics

Peru has launched an official offset policy. The 23-page ‘directive,’ currently available only in Spanish, requires offsets for defence procurements and services exceeding $7m in value.

Pressure builds on India’s MoD as Air Chief Marshal and international defence associations protest…

...about offset policy and agencies. India’s Air Chief Marshal and Chairman of the Chiefs of Staff Committee has reportedly appealed to Defence Minister A.K. Antony to ensure that the Defence Offset Facilitation Agency (DOFA) will become fit for purpose. A coordinated letter on behalf of international aerospace trade associations is ready to be sent to the MoD expressing concerns about the difficulties in complying with India’s offset regulations.

Israel: Pfizer signs to industrial cooperation agreement as mandatory healthcare requirement comes into play

International pharmaceutical companies and manufacturers of medical equipment are now required to enter into industrial cooperation agreements......

China denies demanding “technology for market access”

A senior Chinese executive has denied claims that China forces foreign companies to transfer technologies when they win contracts for work on the country's high-speed rail network and refuted claims that China had pressed foreign companies to transfer their technologies in return for market access.

North Korea forced to barter as sanctions cut off money inflows

North Korea is asking for barters or cash transactions as it exports minerals, resulting in deals collapsing in the final stage of negotiations.