Indonesian President Joko Widodo’s government has submitted a draft bill that is widely known as the “omnibus law.” It aims to increase competitiveness, create jobs and make it to easier to do business in Southeast Asia’s largest economy.
Exactly 20 years after they started, representatives from the European Union and Mercosur concluded negotiations on one of the biggest trade deals in history. The EU is the South American bloc’s first major trade partner, and the new agreement is the largest ever for both sides.
China’s Congress passed the Foreign Investment Law in its most recent session. The law takes effect January 1, 2020, and will supersede three existing laws governing foreign businesses in the world’s second-largest economy.
The U.S. Tax Cuts and Jobs Act includes the Opportunity Zones program, which offers tax incentives to businesses that invest in distressed communities. Non-U.S. entities can take advantage of the program’s tax-deferral provisions.
Malaysia’s prime minister has sealed a new deal with China to build a railway linking Kuala Lumpur to towns on Malaysia’s east and west coasts. The project is an important part of China’s massive pan-Asian Belt and Road initiative, and Malaysia hopes the completed railway will drive foreign investment and lead China to purchase more Malaysian exports.
EU authorities agreed on a framework for screening foreign direct investment. The agreement isn't binding but investors need to understand its basic elements and how it fits into a global trend of tightening FDI restrictions.
The World Economic Forum held its annual meeting last week in Davos. One of the themes of the event was the importance of investing in emerging markets.