Main headlines from this issue

Canada amends IRB policy to reward risk with multipliers

It has taken the Canadian government four years, but the last of seven phased policy changes to the Industrial and Regional Benefits policy has now been settled. The changes introduce a muscular multiplier-led approach to SME involvement in the IRB process.

UAE moves from transactional relationships to a strategic partnering approach

With the significance of partnerships as their central theme, Emirati speakers dwelt on the importance of corporate enterprise between UAE entities and foreign contractors for the future development and support of their military assets. There was also talk of mergers and acquisitions.....

Poland’s new law will be sneaky – “expect offsets”

Significant changes to Poland’s public procurement law came into force on February 20th, bringing the country into line with EC directive 2009/81/EC. \They say there will be no offset but there will be you can be sure.\"

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INDIA: USIBC petitions for 76 percent FDI cap and civil offsets

The U.S.-India Business Council (USIBC) has written to Finance Minister P. Chidambaram requesting an uplift of India’s FDI cap in the defence sector from the present 26 percent to 74 percent. The letter was written by USIBC President Ron Somers.

Estonia revises offset guidelines, lowers threshold

Estonia has transposed the defence directive into national law and implemented revised offset guidelines with a significantly lower threshold.