Korea-EU Free Trade Agreement

MNCs in the News-2019-04-12

Recent report forecasts massive increase in China’s inbound mergers and acquisitions (M&As) between 2020 and 2029. Pursuant to its trade negotiations with the United States (US), China considers eliminating entrance barriers to its cloud computing market like requiring overseas companies to form joint ventures (JVs) with Chinese firms. Chinese and European Union (EU) leaders commit to conclude a bilateral investment treaty (BIT) by next year. At the summit of Central and Eastern European countries and China in Dubrovnik, Greece announces it will join China’s 16+1 Initiative. Following the EU and United Kingdom’s delay of Brexit by six months, Tokyo pledged to continue to lobby against a no-deal Brexit and to monitor developments. Regarding the Carlos Ghosn case, France stressed to Japan that it respects the sovereignty of Japan’s judicial system and also would provide consular protection to Ghosn. Korean companies lobby their government to deal with the EU’s growing pressure on South Korea to ratify key International Labor Organization (ILO) conventions

MNCs in the News-2016-07-01

At the Annual Meeting of Champions, Chinese Premier Li Keqiang stresses the value of foreign direct investment (FDI) and China’s plans to create a better environment for them. Some fret Microsoft’s acquisition of LinkedIn will complicate LinkedIn’s position in China. China’s State-Owned Assets Supervision and Administration Commission (SASAC) reports that China’s state-owned enterprises are increasing their outward activities. Huawei still plans to go forward with multi-billion dollar U.K. investment despite Brexit. Malaysia-Singapore high-speed rail bid to open next year and likely will feature strong competition between Chinese and Japanese firms. Coming into effect of Korea-EU Free Trade Agreement opens up new opportunities for European law firms to set up joint ventures (JVs) with Korean ones. End of sanctions and high-level summits create opportunities for Doosan heavy Industries & Construction in seawater desalination sector in Iran. Indonesian Investment Coordinating Board (BKPM) to help American firms explore opportunities in Indonesia’s mining and infrastructure sectors. BKPM Chairman Franky Sibarani does not see Brexit affecting British investment in Indonesia. Registered FDI in Vietnam continues to show impressive growth with strong increases in FDI flowing into the manufacturing and processing sectors. Vietnam’s Ministry of Education and Training works to create a better environment for education investing in Vietnam.