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Myanmar - April 5 2012
The Central Bank of Myanmar announced that, on 1 April 2012, it has adopted a managed floating exchange rate for the national currency, the kyat (pronounced “chat”), that will allow for market forces to determine the value of the kyat while allowing the Central Bank some flexibility in influencing the exchange rate.
Myanmar - April 5 2012
During our partners’ visit, government officials, lawyers and business people mentioned that the government is further considering enacting legislation that will permit the establishment of foreign banks’ joint ventures and branches.
European Union - March 26 2012
On 21 March 2012, the European Commission ("Commission") adopted a proposal (“Proposal”) for a new regulation in the area of public procurement creating a dual mechanism whereby, on the one hand, EU national contracting authorities could reject bids of non-EU businesses to EU procurement contracts and, on the other hand, the Commission would increase its leverage in negotiating greater access for EU businesses to foreign procurement markets.
European Union - March 2 2011
An EU regulation laying down new "comitology" rules for the control by EU Member States of the European Commission's exercise of its implementing powers entered into force today.
European Union - October 28 2009
Proposed revisions to the EU customs regulations may result in significantly higher dutiable values and increased customs liability for importers involved in multi-tiered transactions.
