U.S. Businesses Continue to Face Theft, Unfair Tactics in China, U.S.-China Panel Told
June 18, 2012 in WTO Reporter
U.S. businesses continue to face theft of their intellectual property and Chinese government subsidies to state-owned enterprises, as well as unfair business practices in operating in China, three U.S. businessmen told the U.S.-China Economic and Security Review Commission June 14.
European Court of Justice Judgment Opens Door for Challenges to European Commission Environmental Decisions, Group Says
June 18, 2012 in International Environment Reporter
BRUSSELS—An EU Court of Justice ruled June 14 in a pesticide case that environmental advocacy groups can challenge a wide range of decisions made by the European Commission (Stichting Natuur en Milieu and Pesticide Action Network Europe v. European Commission, European Court of Justice, T-338/08, 6/14/12).
Philippines Data Privacy Bill Advances, Would Boost Business Process Outsourcing
June 18, 2012 in Privacy & Security Law Report
TAIPEI—The Philippines moved a step closer to establishing its first comprehensive data protection regime as the Philippine Senate June 6 ratified a Bicameral Conference Committee report on the Data Privacy Act, according to the state-run Philippines News Agency (PNA).
ANALYSIS: U.S. Federal Reserve Opens the Door to Increased Chinese Investment in U.S. Banking Organizations
June 13, 2012 in Banking Report
On May 9, 2012, the Federal Reserve Board released three orders approving investments in the U.S. banking market by entities based in China…
U.S. Federal Reserve Proposes Rules Raising Quantity, Quality of Capital for U.S. Banks
June 13, 2012 in Banking Report
The Federal Reserve, implementing heightened international standards known as Basel III, proposed rules at a June 7 meeting that would increase the quantity and quality of capital required for U.S. banks…
Netherlands’ Strict New Cookie Rules Take Effect
June 13, 2012 in World Data Protection Report
The new Dutch cookie regime came into effect June 5, 2012, one day after its publication in the Government Gazette. The new rules introduce a stricter regime for most cookies which is based on informed consent…
ANALYSIS: Data Protection Landscape May Be Changing Soon In China And Hong Kong
June 13, 2012 in World Data Protection Report
China: In recent years, there has been a significant increase in the reporting of large data breach incidents involving the sale of personal data in China…
China Approves Special Plan to Develop Clean Technology, Efficiency as Key Sectors
June 7, 2012 in International Environment Reporter
SHENZHEN, China—China’s highest decisionmaking body has approved a special plan for the 12th Five-Year Plan period (2011–2015) to develop seven strategic industries, including technology for energy efficiency and water resource protection, alternative energy, and innovative vehicles.
Ukraine Enacts New Customs Code June 1 Aimed at Streamlining Clearance Procedures
June 7, 2012 in WTO Reporter
MOSCOW—Ukrainian authorities moved to enact a new Customs Code, which takes effect June 1, aimed at simplifying customs procedures, Ukraine’s State Customs Service said in an announcement issued May 31.
India Announces Package of Incentives to Boost Exports
June 7, 2012 in WTO Reporter
MUMBAI—Faced with a trade deficit, a sluggish economy, and a sliding rupee, India on June 5 announced a slew of measures to boost exports.
The steps include prolonging an interest subsidy, or subvention, of 2 percent on handlooms, handicrafts, carpets, and products of small- and medium-sized enterprises until March 31, 2013, and extending the subsidy to labor-intensive sectors such as toys, sporting goods, processed agricultural products, and ready-made garments.