Taxonomy: Sector Affected - 88
Agricultural, mining and manufacturing services
Ghana: Increase of withholding tax on foreign service providers
Description
Effective 1 January 2011, the government has increased the withholding tax on foreign service providers. Implemented via the Budget 2011, foreign service are now taxed at 15 rather than 5 percent.India: Permission of full foreign ownership in agricultural subsectors
Description
On 31 March 2011, the government of India published changes to its FDI policy. Among the novelities is the permission of full ownership in the selected agricultural subsectors. These are:Brazil: Restrictions to sale of rural land to foreigners
Description
On 23 August 2010, the government of Brazil has formalized a restriction to the sale of rural land to foreigner investors and Brazilian companies in which foreign investors hold more than 50 percent.Ecuador: Nationalization of oil fields operated by Petrobras
Description
On 23 November 2010, the President of Ecuador announced that Petroleo Brasileiro SA (Petrobras) would leave the country.Republic of Korea: Enhanced trade finance scheme made available to large scale plant projects
Description
On 16 July 2010 the Export-Bank of Korea and the Sumitomo Mitsui Banking Corporation (SMBC) signed an accord to provide finance for large overseas projects such as "ship finance, export finance, foreign investments; development of naturaRepublic of Korea: Financial assistance for Indonesian power project supplied by Korean firms
Description
The Export-Import Bank of Korea will provide US$238 million in financial support for the Indonesia Cirebon Independent Power Project.Republic of Korea: Export assistance to win US$2.2bn contract in Egypt
Description
According to the Export-Import Bank of Korea, US$800 million project finance was provided for the ERC (Egyptian Refinancing Co.) Oil Refinery Project.Indonesia: FDI in the mining sector
Description
Indonesia issued a regulation specifying the scope of the obligation of foreign investors to divest mining concessions. Two implementing regulations under Indonesian law No.Democratic Republic of Congo: Proposed increase in government shares to 35% in mining joint ventures
Description
In an interview with Reuters, the Ministry of Mines of the Democratic Republic of Congo has proposed a 35% government share in all future mining joint ventures. The government's share in current joint ventures is said to range from 12% to 40%.Egypt: Cement production licences open only to firms currently not operating in Egypt
Description
The Egypt Industrial Development Authority from 3 May 2010 to 1 July 2010 has opened bidding for two (2) gray cement production licences.
