Israel’s Ministry of Economy has divided its management agency for offsets, the Industrial Cooperation Authority (ICA), into three departments. The foreign investment division remains separate. The ministry has also revised the obligors’ undertaking document and introduced non-performance penalties.
Romania has enacted a decree regulating the national defence industry. The decree, in part, focuses on the application of Article 346 TFEU and is structured to bolster the domestic defence industry. However, the law is not yet in force and the prevailing offset regulations will not be replaced.
The DKF was forced to move its Bremen conference to a hotel after a German TV station door-stopped delegates and questioned them about corruption in offsets. The interviews became somewhat farcical.....
Turkey’s Health Ministry has become the country’s first civil procurement agency to take advantage of an amendment to the February 2015 Public Procurement Law. The ministry published offset guidelines for its ‘Health Industry Partnership Programme’ in January 2016. Now it is putting the guidelines into practice.
The European Union Chamber of Commerce in Beijing has published a lengthy report complaining that European business is facing intense pressure to turn over advanced technology in exchange for near-term market access.