News

FDI enterprises pay lowest taxes despite high profits

Foreign direct investment (FDI) enterprises, which have enjoyed multiple tax incentives, pay the lowest State taxes despite reporting high profits, statistics show.

  • India-Malaysia FTA to be effective from Friday

    The free trade agreement between India and Malaysia will come into force from Friday, giving Indian professionals like accountants, engineers and doctors access to the key South-East Asian nation.

  • China increases import of Vietnam's agro-products

    VNEconomyNews.com - China has stepped up buying farm products from Vietnam, including coffee, rice and rubber as it grapples with harsh crop weather, but higher prices could stoke inflation in the Southeast Asian nation, government data and state media said.

  • Australia agrees to accept Laos as WTO member

    (KPL) Australia has finally agreed to accept the Lao PDR as the member of the World Trade Organisation (WTO) after the bilateral negotiation started since 2006 has been already approved by two sides.

  • Vietnam, India promote garments, textiles trade exchange

    HANOI, June 29 (Xinhua) -- The "Vietnam-India trade exchange in garments and textile industry" seminar was held in Vietnam's southern Ho Chi Minh City (HCMC) on Wednesday.

  • Ukraine, Serbia Begin FTA Negotiations

    Ukraine and Serbia have begun negotiations on a free trade agreement (FTA), designed to bolster bilateral relations.

  • US: Lugar urges US-ASEAN FTA negotiations

    United States Senator Richard G. Lugar, the Republican Leader of the Senate Foreign Relations Committee, today introduced legislation encouraging United States officials to initiate Free Trade Agreement (FTA) negotiations between the U.S. and the Association of Southeast Asian Nations (ASEAN), which presently accounts for the fourth largest export market of the United States.

  • EU free trade pact sparks debate on KORUS FTA

    From Friday, Koreans will be able to purchase products made in 27 European Union member states at cheaper prices than before, as the free trade pact between the two takes effect.

  • WTO rules Philippine liquor tax illegal

    BRUSSELS - Taxes levied by the Philippines on alcoholic drinks from the European Union and United States are illegal under global trade rules, the world's trade dispute body ruled on Monday, according to sources close to the case.