Main headlines from this issue

Taiwan: offset credit banking faces closure

Taiwan is planning to revoke its offset credit banking facility with effect from January 1, 2012. The decision, which has yet to be formally approved would apply to....

South Korea’s new ‘Defence Industry Development Council’ to focus on offsets

The Korean government has launched a new planning body, the Defence Industry Development Council, tasked with orchestrating offset projects, boosting exports of military equipment, and .......

India announces return of the rupee trading account

India is to set up a rupee trading account to make payment to exporters for goods sold to Iran. Companies importing goods from Iran will pay into this account, creating a mechanism where only the net amount will need to be paid over.

China pressures GM to transfer engineering secrets

The Chinese government is refusing to let General Motors’ new car, the Chevrolet Volt, qualify for subsidies unless the company agrees to transfer the engineering secrets for one of the Volt’s three main technologies.

Spain strikes out at EC directive – “Code of Conduct is enough”

Manuel García Ruiz, Director of Spain’s Industrial Cooperation Directorate, has launched a strong attack on Directive 2009/81/EC. Speaking in a personal capacity he argued that a number of issues remain unresolved .......