| | Weekly business and foreign investment news roundup in Asia by Asia Briefing and Dezan Shira & Associates. |
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| | | | As the fourth-largest supplier of goods to Saudi Arabia, Germany benefits from expanded trade and business opportunities across sectors like renewable energy, healthcare, and advanced industries. We discuss the strong partnership between Saudi Arabia and Germany, driven by economic collaboration and initiatives like Saudi Arabia’s Vision 2030. | | | | | Saudi Arabia’s Global Pension Index score rose to 60.5 in 2024, reflecting its pension reforms and leading to an upgrade of its pension system rating to C+ from C. | | | | | The United Arab Emirates (UAE) has made substantial changes to its Value Added Tax (VAT) Executive Regulations, effective from November 15, 2024. These amendments, published in the Official Gazette on September 16, 2024, carry broad implications for businesses across various sectors, especially trade and financial services. | | | | | During a recent meeting of the joint committee under the India-UAE Comprehensive Economic Partnership Agreement (CEPA), Indian officials raised concerns about the surge in the imports of silver products, platinum alloy, and dry dates, requesting the UAE to ensure compliance with the rules of origin (ROO) norms and prevent circumvention of value-addition requirements. | | | | | The UAE 2025 federal budget, totaling AED 71.5 billion (US$19.5 billion), emphasizes social welfare, infrastructure, and economic development while projecting a budget surplus of 2.4 percent of GDP. |
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COMPLIMENTARY BUSINESS RESOURCES: |  | | | | | This issue of ASEAN Briefing offers an overview of Indonesia's labor market, covering local employment laws, key trends, and emerging sectors, providing insights into workforce dynamics and opportunities in the country. | | | | | India's service sector drives growth and attracts FDI with its market potential, skilled labor, and policies. This issue explores performance, key FDI segments, and strategies for foreign firms. | | | | | As Vietnam boosts its global trade role, this Vietnam Briefing edition covers key import-export regulations, customs procedures, on-spot export regimes, and VAT rules, along with insights on documentation, processing times, and VAT refunds. |
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UPCOMING EVENTS FOR ASIA: | | | Webinar | Wednesday, October 23, 2024 | 4:00 PM China / 3:00 PM Vietnam / 10:00 AM CET | | | | | Webinar | Thursday, October 24, 2024 | 2:30 PM India / 4:00 PM Vietnam / 5:00 PM China | | | | | Hybrid | Friday, October 25, 2024 | 16:00-18:00 China time / 9:00-11:00 CET time |
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