MAIN HEADLINES FROM THIS ISSUE:

• Canada offers obligors limited credit banking

  Industry Canada is to permit a limited form of banking of Industrial and Regional Benefit (IRB) transactions in advance of an upcoming procurement and in the event of overachievement of IRB credits. The policy is not straightforward.

• Offset mix-up puts Siemens out of Israel Railways bid

  Siemens has been eliminated from a major tender of Israel Railways because it misunderstood the terms of reference and failed to present a detailed industrial cooperation implementation plan.

• Thai chickens return as corruption indictments are dropped

  Thailand’s Attorney-General has defended his decision not to indict three former politicians accused of corruption in connection with the purchase of fire trucks and boats at a cost of 6.8bn baht ($217m).

• Bulgaria signs off second offset contract

  Bulgaria has successfully completed the indirect offset obligations for the Textron commitment. Textron had a 110 percent commitment, 70 percent of which was indirect and 30 percent direct, contracted under the previous regulations when Bulgaria used multipliers.

• Chile and Colombia to participate in production of Embraer’s transport aircraft

  Chile will buy six Embraer KC-390 military transport aircraft and will join Brazil in the planes’ development. Chile anticipates that Chilean industry will take part in the production of a major component.