Main headlines from this issue

Kuwait moves the offset program from the Finance Ministry to the KDIPA – Official

Kuwait’s Council of Ministers has approved a proposal to move the offset program from the Finance Ministry to the Kuwait Direct Investment Promotion Authority (KDIPA). Offsets will be managed by a department within the KDIPA.....

Indonesia will award multipliers for offsets and for counterpurchases – high penalty provisions expected

Silmy Karim, a senior member of Indonesia’s Defence Industry Policy Committee (KKIP), has provided a clearer understanding of the requirements that defence contractors will face under Indonesia’s new offset and countertrade guidelines. In an interview with CTO.....

Oman: three candidates compete to head the ‘Partnership for Development’ program

Oman’s Minister of Commerce and Industry is understood to be putting three candidates before the Board of Governors to head the ‘Partnership for Development’ (PFD) program.

New Indian government to tie FDI cap to technology level

India’s Department of Industrial Policy and Promotion (DIPP) has proposed three different caps for FDI in defence: 49 percent, 75 percent and 100 percent.....

EC’s threats against member states in breach of Article 346 are all bark and no bite

Last December a Portuguese MEP, Ana Gomes, wrote an angry letter to José Manuel Barroso, President of the EC, accusing the EC of ignoring its own guidance on the prohibition of offsets under Directive 2009/81. Michael Barnier has replied...