 |
|
|
 |
|
| |
|
| Lowtax Network Sites |
| Lowtax Network Portal:
'Low-tax' business and investment in the top 50 jurisdictions covered in
exceptional detail. |
| Tax News: Global
tax news, continuously updated through the day. |
| Investors Offshore:
The independent offshore and alternative investment guide for expatriates
and the globally aware investor. Sponsored by HSBC
Bank International. |
| Law & Tax
News: Daily news and background data on tax and legal developments
for international business. |
| Offshore-e-com:
A topical guide to offshore e-commerce focused on tax and regulation. |
| Lowtax Library:
One of the web's largest and most authoritative business and investment
information sources. |
| US Tax Network:
The resource for free online US taxation information, covering: corporate
tax, individual tax, international tax, expatriates, sales and e-commerce
tax, investment tax. |
| Personal
Business Tax Guide: Providing essential tax news and information
on business for contractors, entrepreneurs, professionals, small businesses,
artists, sportspersons and entertainers. |
| Offshore Trusts
Guide: OTG publishes news, features and newsletters on the use of
offshore trust structures. |
| TreatyPro: Online
tax treaty resource. |
|
|
| SA, Turkey To Improve Trade Relations Without FTA |
by Lorys Charalambous, Tax-News.com, Cyprus
Thursday, November 17, 2011
The South African government has announced that it has chosen to pursue its
increased trade with Turkey without negotiating a bilateral free trade agreement
(FTA).
Turkey had proposed an FTA with South Africa, with a view to creating stronger
trade and commercial ties, but the South African Cabinet’s spokesperson,
Jimmy Manyi, disclosed that it wants, instead, to advance “a mutually
beneficial, cooperative and balanced approach to building trade and investment
relations with Turkey, and avoid the destructive competition that could result
from ineffective management of a FTA."
Manyi said that South Africa still views Turkey as an increasingly important
trading partner, but that, rather than focusing on an FTA, Pretoria believes
a mutually beneficial relationship would best be served by collaboration that
builds "complementarities in our economies and our trade and investment
links".
According to Manyi, trade and investment ties should be structured to support
the priorities of the two countries' respective economic development strategies
and objectives. "An FTA,” he added, “does not allow for such
a nuanced mutually beneficial approach to building economic relations and, instead,
encourages destructive competition that will undermine our industrial and employment
objectives."
It was confirmed that, although South Africa has over 70 companies operating
in Turkey, trade and investment between the two countries remains comparatively
low, offering scope for growth. Due to world economic conditions, annual trade
between the two countries has fallen to about USD1.2bn from USD2.7bn in 2008.
.
|
|
|
|
| THE LOWTAX LIBRARY
One of the web's largest and
most authoritative business and investment information sources. Alongside
topical, daily news on worldwide
tax developments, you can receive weekly newswires or
access up-to-date intelligence
reports on a range of legal, tax and investment subjects.
FREE TRIAL NEWS SUBSCRIPTION
Our 16 constantly updated
intelligence reports cover every important aspect of 'offshore' and international
tax-planning in depth, including banking secrecy, the EU's savings tax
directive, offshore funds, e-commerce, offshore gaming and transfer pricing.
Reports are available for immediate downloading or as subscription
services with news pages.
|
|
 |
|
LAWANDTAX-NEWS.COM
