Wednesday, 26 June 2019

, No 10, Monday 20th May, 2019

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MAIN HEADLINES FROM THIS ISSUE:

  • South Korea: DAPA’S offset rules face further “reset”

    South Korea is planning another offset “reset.” The update will change multipliers and pre-banking conditions, and affect parts manufacturing and export promotion. The government is also preparing the legal framework for offset swaps between South Korea and other countries. Since the penalty provisions became stricter, contractors noticeably tried to complete their obligations within the implementation periods, said…

  • OMAN TO PUBLISH NEW GUIDELINES WITH SPOTLIGHT ON CIVIL SECTOR

    The Oman Authority for Partnership for Development has prepared a new version of its industrial participation guidelines. The authority’s board has approved the changes, and they now await ministerial sanction for implementation later this year. Policy changes will include the formal incorporation of a civil offset program with a higher threshold than for defence procurements…

  • Australians learn about French lunch breaks and la rentrée during submarine project

    Australia’s $A50bn ($35bn) Attack-class submarine procurement from Naval Group has bumped into French culture. Naval Group staff in Australia as part of the local assembly and technology transfer commitment have been told to learn about the Australian way of life to avoid conflicts between workers from the two countries. Australians, for example, failed to understand the sanctity of the French lunch break.

  • Swiss trade associations reject offset report’s recommendations

    Two Swiss trade associations have released a statement rejecting key parts of a report on offsets commissioned by the country’s Federal Department of Defence, Civil Protection and Sport (DDPS). GRPM and Swissmem stated that the new report suggests the DDPS wants to “throw overboard” the long-standing practice of offsets in the country.

  • Russia offers Turkey defence and civil aviation projects

    Rosoboronexport has announced that it is open to further cooperative projects with Turkey in the defence and civil sectors. Key high-tech areas targeted for cooperation included aerospace, helicopters, and the energy sector.

AND LOT'S MORE...

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