Commissioner McCreevy: Keep Markets Open

In a speech earlier this month, EU Commissioner for the Internal Market and Services, Charlie McCreevy, emphasized the need to resist protectionist tendencies in times of change and uncertainty. It is essential that the EU works to keep markets open (Delegation of the European Commission in the USA, Press Release).Click on the link for complete article.

The Wolrld's cheapest car: Nano

Tata Motors unveiled the world’s cheapest car, the $2,500 Nano, and automakers from across the world came to New Delhi to peddle their wares to a bubbling Indian car market (S. Sengupta, Indians Hit the Road Amid Elephants, New York Times). Click on the link for complete article.

High-Speed Trains Erode Europe's Borders

A new partnership aims to eliminate current coordination hassles and weld fast rail lines into a seamless network from Barcelona to Bratislava (C. Matlack, Businessweek Europe, January 9, 2008). Click on the link for complete article.

Hong Kong, State Council Announces Transitional Preferential Policies for Corporate Income Tax

The State Council has recently issued a circular on the transitional preferential policies for corporate income tax. According to the circular, following the implementation of the new Corporation Income Tax Law on 1 January 2008, enterprises entitled to lower tax rates under the old law will be given a five-year grace period before they are required to pay the statutory rate. Click on the link for complete article

Malta and Cyprus join the Euro

Malta and Cyprus welcomed the new year yesterday with the adoption of the euro as their new currency. Read more

Logistics in India, a Manager's perspective

Arun Seth, regional manager for the Indian Subcontinent region,Trans Global Logistics, provides his perspective about the state of logistics in India (American Shipper Namaste, December 19, 2007). Click on the link for full article.