Breaking Waves
- Turkey has a new export promotion program that I find kind of interesting. Turkish companies can apply for a 50% reimbursement for up to three years for their membership fees on electronic commerce websites. The stated intent is to help sell Turkish products in foreign markets.
- China is trying once again to join the WTO Agreement on Government Procurement. This was a requirement of China’s accession agreement upon joining the WTO, but in 2007 the existing signatories of the procurement agreement said China’s offer wasn’t good enough. The new offer from Beijing is better and answers many of the 2007 questions, but insiders say that it still may not be sufficient (meaning that China isn’t offering enough open access to its own government purchases to justify the other members letting China into their procurements). One of the big sticking points will be that China’s offer doesn’t include their many thousands of state-owned companies. But it’s a negotiation, and this is only a starting position.
- Asia Times had an article up this week about how the new trade agreement between China and Taiwan is changing how Japanese and South Korea companies do business in China. Korean firms are pressing Seoul to launch FTA negotiations with China to minimize expected competition from Taiwan firms in the China market. The Japanese, however, are doubling efforts to do manufacturing joint ventures in Taiwan so that the resulting products will qualify as Taiwanese and enter China under the new agreement. Interesting to see the Japanese adopt a strategy that many U.S. companies have pursued for years.
This entry was posted
on Friday, July 23rd, 2010 at 6:31 am and is filed under China, Japan, Korea, Marketing, Negotiating, Taiwan.
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