International Trade and Customs
Meet the Co-chairs - TAG-SP
Scopelitis, Garvin, Light, Hanson & Feary, P.C
International Trade and Customs
By: Bama Djokonugroho (Senior Associate) & Stefanny O. Simorangkir (Associate)
In December 2016, the Minister of Transportation issued Regulation No. 146 of 2016 regarding Sea Port Operations (“MR 146/2016”) which amended Minister of Transportation Regulation No. 51 of 2015 (“MR 51/2015”) regulating the same matter.
MR 146/2016 provided several notable changes particularly regarding minimum capital requirements for a port business entity, business license requirements and the application procedure to obtain a business license of port business entity, as well as specific requirements for the stipulation of Port for International Trade.
In the last 5 years, Malta’s economy has gone from strength to strength. Last year saw a GDP growth rate of 6.2% and this year, credit agency Standard and Poor’s upgraded it’s rating from BBB+ to A-, the first change in over 20 years. New figures released by the EU Commission this week show an encouraging and positive forecast for the next two years with GDP growth predicted at 4.1% for 2016 and 3.7% in 2017 and 2018. The annual growth rate of 2015 was 6.2% and although the % is slightly decreasing, the country’s economy will remain as one of the fastest growing in the Eurozone.
By: Diana Kusumasari (Managing Associate) and Primayvira R. Limbong (Associate)
The Indonesian Government has never ceased to conduct all efforts to strengthen the local economy. One method includes issuing policies that impact investors beneficially – both foreign and local investors. As one of the members of AFTA (ASEAN Free Trade Area), “Free Trade” is without a doubt a prominent policy issued by the government to increase investment activities in Indonesia, while developing local industries. On 1 July 2016, the Ministry of Industry of the Republic of Indonesia issued Regulation of Minister of Industry No. 38/M-IND/PER/6/2016 regarding Certain Industries that Obtain Inland Free Trade Arrangement (“MOI Regulation 38/2016”).
Budidjaja & Associates is a young and dynamic full-service, independent Indonesian law firm. We are committed to serving our clients with excellence and integrity. For more info, please visit www.budidjaja.id
Public-private partnerships (“PPP”) take a wide range of forms varying to the extent of involvement of, and risk taken, by the private party. The terms of a PPP are typically set out in a contract or agreement, often subject to the private law, to outline the responsibilities of each party and allocation of risk.
Ferdausur Rahman, Barrister (Lincoln’s Inn) and Partner, A.S & Associates highlights the business opportunities in the fast growing economy of Bangladesh.
Bangladesh is a booming economy, recently making the list of low-middle income countries as per the World Bank. According to the IMF, the Bangladeshi economy is projected to grow from $180 billion to $322 billion by 2021. The rate of GDP in 2015 was $195.1 Billion and the gradually escalating growth rate was 6.6%. High-growth domestic markets, government support, lower valuations of takeover targets and ready access to capital have provided unprecedented opportunities for investors all across the world to explore new market in Bangladesh. Bangladesh is already one of the leading FDI targets in the Asia Pacific.