Also in the news...
The XIX Conference of Free Trade Zone of the Americas was held on November 5th and 6th, where it was discussed, among other issues, the viability of the Interoceanic Grand Canal of Nicaragua, expected to be ready by 2021. Our TMF Group Nicaragua and El Salvador Manager participated in the conference and tells us what this might mean for investors.
While it’s a rule common to all US free trade agreements, including NAFTA, the “yarn forward” rule – or the Rule of Origin – was a major sticking point in recent Trans Pacific Partnership discussions, writes our Vietnam MD.
Why is it important to ensure you have a solid risk management plan for your payroll provision? Our Head of Global Business Services looks at some common, real-life scenarios, and how they could have been avoided with a bit of business continuity planning.
The Costa Rican Department of Social Security (CCSS) has proposed an increase in total contribution to the Disability, Old Age and Death Fund (IVM) from 8.5% to 14%. They have also announced that early retirement will be phased out, while some changes are already in effect beginning this month.
The European Commission might be abandoning its aim of a single VAT return for the whole of the EU and shifting its focus to the Mini One Stop Shop (MOSS) scheme and Place of Supply rules, according to a paper released today by TMF Group.
China: Event Organisation Case Study
London Metal Exchange (LME) sought to increase understanding of its services within the financial and regulatory community.
Case Study supplied by our China business expert,
Business interest in China is rapidly increasing. A population of 1.3bn and a 9% annual increase in GDP has assured that British businesses are drawn to this emerging market. London Metal Exchange (LME) sought to increase understanding of its services within the financial and regulatory community. As a result, an educational seminar with a subsequent press conference was planned, and LME requested that Active work on the project.
At this time there was no formalised database of brokers in China, which made locating the relevant audience a difficult task. To ensure that our data source was both accurate and comprehensive, Actives local colleagues adopted various channels to conduct primary and secondary research; direct marketing was also employed.Through its guanxi (networks), Active also secured a prime advertising space in the most prominent industry newspaper and journalists from every major newspaper were expected to attend the press conference.
Prior to and during the event, Active set up a temporary office with telephone, fax lines and other office equipment installed exclusively to ensure the smooth running of the occasion. Active arranged for the events promotional literature to be translated at a high standard and printed locally to reduce costs. The venue and hospitality for the conference were carefully chosen by Active staff to meet the LMEs high standard and specification.
An impressively substantial assembly attended the event, and it received excellent press coverage. Most importantly, London Metal Exchange received encouraging feedback and an overwhelming response.
Your hard work helped to make the event happen and to be successful - thank you so very much for all your ideas, help and effort: it is very much appreciated.
Anna Campopiano, Director of Corporate Affairs