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China: Resource Taxes Adjusted for Rare Earth, Tungsten, Molybdenum

(May 12, 2015) On April 30, 2015, China’s Ministry of Finance and the State Administration of Taxation issued a joint notice on adjustments to the resource tax levied on rare earth, tungsten, and molybdenum, to be applied from May 1, 2015. As of that date, the tax on the three materials, including on the raw […]

Seychelles; World Trade Organization: WTO Membership Accepted

(May 5, 2015) On April 26, 2015, Seychelles was officially accepted as the 161st member of the World Trade Organization (WTO). (WTO Welcomes Seychelles as Its 161st Member, WTO website (Apr. 27, 2015).) The process, which took 20 years, is one of the longest accession procedures in WTO history; the average time for completion of […]

Faroe Islands; Turkey; United Kingdom: Free Trade Agreement Impacts Fishing

(Jan 13, 2015) On December 16, 2014, the Faroe Islands and Turkey concluded a free trade agreement, the result of a 15-year process. Details had been worked out in September 2014. The agreement was welcomed by Faroese Prime Minister Kaj Leo Holm Johannesen, who signed the document in Ankara with Turkish Minister of the Economy […]