Main headlines from this issue

Greece says EC Directive has no influence on ‘offset contracts of a new type’

The saga of Greece’s expired offset contracts has taken an unexpected turn. A senior MoD executive has told CTO that the ministry does not regard the EC Directive prohibiting offsets as having any influence on the country’s resolution of the problem.

“Be prepared – global financial crisis heralds return of countertrade”

Economic and financial volatility in the U.S., Europe and parts of Asia, may lead to the rise of various forms of countertrade in the global market, according to Prof. Michael Czinkota...... after decades of dormancy, countertrade is on track to become a vital part of the global market.

Indonesia’s emerging offset policy: “forget Australia and India, emulate Singapore”

Indonesia’s preparations for the launch of its first national offset policy are misdirected, says a group of Asia-based academics. Instead of looking at the offset policy experiences of Australia and India it should consider instead crafting an offset policy appropriate to its own unique conditions.

Malaysia: insider rates MIGHT’S offset initiatives, knocks government ministers

A Canadian who has recently taken a position at MIGHT claims to have had sat ringside to some of the highest level discussions between industry heavyweights like Boeing, EADS and Rolls-Royce, and the Government of Malaysia.