For information about EEPC INDIA visit : www.eepcindia.org For information about EEPC INDEE Exhibitions visit : www.eepcindee.com ISSN 0971-9776 WEEKLY NEWSLETTER VOL. 14 ISSUE NO. 35 AUGUST 27, 2012 Highlights Contents From Chairman’s Pen 2 OVERSEAS SECTION • Overseas Market Information Council’s Activities – Catalogue Show at Automechanika 2012, Frankfurt, Germany 3 – India Pavilion at The BIG 5 and PMV 2012, Dubai, UAE 4 – India Pavilion at METALEX Vietnam 2012, Ho Chi Minh City, Vietnam 10 – Czech Republic - Country Profile 14 • Global Business Opportunities – Tender Information 20 DOMESTIC SECTION – Export Finance 25 – Shipping Information 26 Dr. Saran Amudumagama, Senior Minister for Monetary Co- operation, Government of Sri Lanka and H.E. Mr. Ashok Kumar Kantha, High Commissioner of India in Sri Lanka visiting stalls at India Pavilion in Sri Lanka Plast 2012 organised by EEPC India held on 10th August, 2012 in Colombo, Sri Lanka P 25 Govt. Circulars P 3 Catalogue Show at Automechanika 2012, Frankfurt, Germany EEPC INDIA is organizing an India Pavilion at Automechanika 2012, Frankfurt, Germany from 11-16 September, 2012. Interested firms may please send their Catalogues immediately P 10 India Pavilion at METALEX Vietnam 2012, Vietnam EEPC INDIA is organising an India Pavilion at METALEX Vietnam 2012, Ho Chi Minh City, Vietnam from 04 - 06 October, 2012. Members are requested to register their participation within 31st August, 2012 P 4 EEPC INDIA is organizing an India Pavilion at The BIG 5 and PMV 2012 at Dubai World Trade Centre, Dubai, UAE from 05-08 November, 2012. Members are requested to register their participation within 31st August, 2012 India Pavilion at The BIG 5 2012 and PMV 2012, Dubai, UAE RBI Circular A. P. (DIR Series) Circular No. 15 Dated 21st August, 2012 - Overseas Direct Investments – Rationalisation of Form ODI. RBI Circular A. P. (DIR Series) Circular No. 16 Dated 22nd August, 2012 - Foreign Direct Investment by citizen/entity incorporated in Pakistan.
Transcript
For information about EEPC INDIAvisit : www.eepcindia.org
For information about EEPC INDEE Exhibitionsvisit : www.eepcindee.com
ISSN 0971-9776
WEEKLY NEWSLETTER VOL. 14 ISSUE NO. 35 AUGUST 27, 2012
H i g h l i g h t s
C o n t e n t s
From Chairman’s Pen 2
OVERSEAS SECTION
• Overseas Market Information
Council’s Activities– Catalogue Show at Automechanika 2012, Frankfurt,
Germany 3– India Pavilion at The BIG 5 and PMV 2012, Dubai, UAE 4– India Pavilion at METALEX Vietnam 2012, Ho Chi
Minh City, Vietnam 10– Czech Republic - Country Profile 14
• Global Business Opportunities– Tender Information 20
DOMESTIC SECTION– Export Finance 25
– Shipping Information 26
Dr. Saran Amudumagama, Senior Minister for Monetary Co-operation, Government of Sri Lanka and H.E. Mr. AshokKumar Kantha, High Commissioner of India in Sri Lanka
visiting stalls at India Pavilion in Sri Lanka Plast 2012organised by EEPC India held on 10th August, 2012
in Colombo, Sri Lanka
P25Govt. Circulars
P3 Catalogue Show at
Automechanika2012, Frankfurt,
Germany
EEPC INDIA is organizingan India Pavilion atAutomechanika 2012,Frankfurt, Germany from11-16 September, 2012.Interested firms may pleasesend their Cataloguesimmediately
P10 India Pavilion at
METALEXVietnam 2012,
Vietnam
EEPC INDIA is organisingan India Pavilion atMETALEX Vietnam 2012,Ho Chi Minh City, Vietnamfrom 04 - 06 October, 2012.Members are requested toregister their participation within31st August, 2012
P4EEPC INDIA is organizingan India Pavilion at TheBIG 5 and PMV 2012 atDubai World Trade Centre,Dubai, UAE from 05-08November, 2012. Membersare requested to registertheir participation within31st August, 2012
India Pavilion atThe BIG 5 2012
and PMV 2012,Dubai, UAE
RBI Circular A. P. (DIR Series)Circular No. 15 Dated 21stAugust, 2012 - Overseas DirectInvestments – Rationalisation ofForm ODI.RBI Circular A. P. (DIR Series)Circular No. 16 Dated 22ndAugust, 2012 - Foreign DirectInvestment by citizen/entityincorporated in Pakistan.
The engineering exports for the month of July’ 2012 continued to be in the negativeterritory and as a result April-July 2012 exports of engineering goods trail April-July2011 by 11 per cent indicating that more engineering sectors have been affected bythe slowdown in global trade.
It is time that the Government takes some forceful steps to make Indian engineeringexports competitive so that it can survive on the global markets at a time marginsare under pressure.
Yours sincerely,
(AMAN CHADHA)
EEPC INDIA (formerly Engineering Export Promotion Council)
Catalogue Show at Automechanika 2012Frankfurt, Germany
(September 11 - 16, 2012)
EEPC India is organizing an India Pavilion at Automechanika 2012 in Frankfurt, Germany which wouldprovide an excellent opportunity for establishing business relationships with customers from all overthe world.
All booths are booked.
May still have presence in the Exhibition
Display your company Catalogues through EEPC India Information Booth.
What you need to do?
Send your Catalogues/CDs (Maximum 25 Nos., not exceeding 5 Kgs.) at the following address with apayment of Rs. 10,000/- by way of Demand Draft/at par Cheque drawn in favour of EEPC India :
EEPC India Invites Participation forIndia Pavilion at The BIG 5 2012 and PMV 2012in The Dubai World Trade Centre, Dubai, UAE
(05 - 08 November, 2012)
EEPC India is pleased to announce organizing India Pavilion at The BIG 5 2012 and PMV 2012 in Dubai World TradeCentre, Dubai during 5th – 8th November, 2012 and invites participation from members.
INDIA - GCC (Gulf Cooperation Council) Relation
The GCC countries, namely Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and UAE, are moving ahead with their economicintegration efforts and offer tremendous potential for cooperation in trade, investment, energy, manpower etc. The Gulfregion has historical, political, economic, strategic and cultural significance for India. India has traditional and friendlyrelation with all GCC member states. With a bilateral trade estimated at USD 145 billion during 2011-12, GCC is now ourlargest trading partner in the world.
The Gulf countries provide an excellent market potential for India’s manufactured goods and services, especially in projectservices exports. The trade and investment flows between the two have increased substantially. There has been intensificationof high-level interactions. Increasing number of Agreements and MoUs have been signed in last few years in wide ranging areas.
Export of engineering items to GCC region during the period 2010-2011 stood at US$ 8194.53 million compared with US$4014.08 million during the same period of the previous year, registering an overall growth of 104.14 per cent.
UAE holds special significance for India. UAE is India’s top trading partner in the whole of West Asia and North Africanregion, representing nearly 42.50% of India’s exports to the GCC countries. Indian exports to the UAE account forapproximately 7% of its global engineering exports.
India’s overall Engineering Export to UAEValues in US$ Million
2009-10 2010-11 Apr-Oct 2010-11 Apr-Oct 2011-12
2010.64 3483.07 1530.59 2072.04
Export of Select Engineering Products (India to UAE)Values in US$ Million
The Big 5 is the largest trade exhibition in the Middle East for construction products and materials and offers a uniqueplatform for international buyers to interact with local entrepreneurs.
The event has been running in Dubai for over 30 years and the 2011 event attracted over 50,000 construction professionalsfrom across the MENA region.
The 2012 event will also feature The Green Build Conference, The Concrete Sustainability Conference, The World FMCongress and 130 ‘free to attend seminars’. There will be focused programme on “How to do business in Middle East ?”
PMV is a dedicated showcase for the construction Plant, Machinery, Equipment and Vehicles sector. For 4 days constructionmachinery manufacturers and distributors from across the globe use the Big 5 PMV as a unique platform to meet face-to-face with visitors as they attend specifically to learn about and purchase the latest products in the market.The phenomenalsuccess of the 2011 events has ensured high demand for space in PMV Live 2012.
Concurrent Exhibitions
Middle East ConcretePMV Live (Plant, Machinery, Vehicles)FM EXPO (Facilities Management)
Statistics
The BIG 5 2011
• Total Exhibitors : 2300 exhibiting companies from 64 countries
• Total Visitors : Over 50000
• Exhibition area : Over 42,000 sqm net
The PMV 2011
• Total Exhibitors : 179 exhibiting companies from 27 countries
• Special Construction (Swimming Pools, Fountains)• Fire Suppression & Protection• Thermal Moisture• Protection/Insulation• HVAC• Tools• Landscaping Products & Services• Windows, Doors, Glass, Openings• Solar Energy• Heating, Ventilation, Air Conditioning• Water Technology• Steel & Building Materials
PMV 2012• Accessories & Wear Parts
• Building Material Handling & Packaging
• Civil & Mechanical Utilities
• Communication & Navigation
• Component & Service Supplies
• Construction Equip., Tools & Special Systems
• Construction Machinery
• Construction Vehicles
• Cranes
• Earthwork• Exterior Improvements, Retro Fitting
• Generators• Lifting Appliances & Conveying Systems• Lifting Machinery• Material Processing & Handling• Mineral Processing• Pumping Equipment & Accessories• Raw Materials Extraction Equipment• Safety Equipment & Clothing• Services• Site Clearing, Demolition, Relocation• Site Installation Equipment
• Transmission Engineering & Fluid Technology
VenueThe Dubai World Trade CentreSheikh Zayed Road, Dubai
Date of Event05 - 08 November, 2012 (4 days)
Participation ChargesFor The BIG 5
For one-side open built-up booth : US$ 385 per sqm or(minimum 9 sqm) Rs. 22,200/- per sqmFor corner position built-up booth : US$ 430 per sqm or(minimum 9 sqm - Subject to availability) Rs. 24,750/- per sqm
For PMV
For one-side open built-up booth : US$ 280 per sqm or(minimum 9 sqm) Rs. 16,100/- per sqmFor corner position built-up booth : US$ 310 per sqm or(minimum 9 sqm - Subject to availability Rs. 17,750/- per sqm
Corner booths are limited in number and will be allocated on a first-come, first-served basis after full payment is received.
Mode of PaymentFull payment is to be made by Demand Draft/at par Cheque to be drawn favouring “EEPC INDIA” along with the duly filled-upApplication Form
OR
Swift Transfers in US Dollar (to add US$ 50 per remittance to offset bank charges etc.) as per following details:
Name of the Bank : HDFC BANK LTDAddress of the Bank : Central Plaza
2/6 Sarat Bose RoadKolkata - 700 020
Branch Code : 0014Account Number : 00148580000013Beneficiary Name : EEPC INDIASWIFT Code : HDFCINBBCALTHROUGH :JP MORGAN CHASE BANK, NEW YORKA/c. No. 001-1-406717SWIFT Code – CHASUS33CHIPS ABA : 0002FEDWIRE ABA : 021000021CHIPS UID # 354459
Payment & Cancellation
Full payment should be made along with Application Form, duly filled-in latest by 31st August, 2012. The payment shouldbe made by way of Demand Draft/at par Cheque drawn in favour of “EEPC India”.
Booking of space will be considered only after receiving 100% payment. 50% cancellation charges applicable if reservationis cancelled on or before 7th September, 2012. Any cancellation after this date would result in 100% forfeiture. Acceptanceof application and allocation of space will be at the sole discretion of EEPC India.
Display Booth
The BIG 5 2012Participation charge includes following services for 9 sqmbooth:– Fascia– Carpeting– One table– Three chairs– One counter– Three spotlights– One 13 amps 3 pin plug– One waste basket
The PMV 2012
Participation charge includes following services for 9 sqmbooth:– Fascia– Carpeting– One table– Three chairs– One counter– Three spotlights– One 13 amps 3 pin plug
– One waste basket
Selection CriteriaSince limited space is available, selection of participation will be done strictly on first-come, first-served basis. Finalselection of the participants will be done by EEPC INDIA based on the criteria such as Accreditation to the InternationalStandards (like ISO, QS, etc.), foreign collaboration, annual exports etc.
Travel and Hotel AccommodationEEPC India will assist participants in locating suitable airlines and hotels in Dubai, UAE at negotiated rates throughaccredited Travel Agents. However, participants are free to make their own travel/hotel arrangements.
VisaEEPC India will issue recommendation letters in favour of the representatives of the participating Indian companies in theexhibition for issuance of visa for the Show. However, EEPC India will not give any guarantee to this effect, as this is thesole discretion of the Embassy of United Arab Emirates in India.
Benefit of the member-exportersEEPC India is organizing this event under the MAI Scheme of Ministry of Commerce & Industry, Government of India.Therefore no MDA grant would be available. The rates mentioned above are highly subsidized as per MAI Scheme ofGovernment of India.
Submission of ApplicationInterested firms may please send their Application Forms, duly filled in and signed, along with full payment latest by 31stAugust, 2012 to respective Regional Offices or to:
APPLICATION FORMIndia Pavilion at The BIG 5 2012 and PMV 2012 in Dubai, UAE
(05 - 08 November, 2012)Name of the Company (in block letters) :
Postal Address (in block letters) :
Phone (with area code) :
Fax (with area code) :
E-mail :
Website :
PAN No. of the Company :
TAN No. of the Company :
Interested to participate in (please tick) : The BIG 5 2012 PMV 2012
Total Space required :
Amount with DD/Cheque No. & date :
Name & Designation of the Chief Executive :
Mobile :
Name & Designation of the Participant :
Mobile :
Items Manufactured/Exported :
Total Annual Export : 2009-2010 2010-2011 2011-2012(in Million US$)
Total Export to Gulf countries : 2009-2010 2010-2011 2011-2012(in Million US$)
Countries of Export :
Accreditation to International Standards :(viz QS, ISO etc.)
Foreign Collaboration, if any :
Type of Unit : SSI Non-SSI
Status : Manufacturer/Exporter Merchant Exporter Export House
Photograph enclosed (2 copies) : Yes No
Company Profile with product details : Enclosed Not enclosed(please enclose with the Form)
Please use separate sheet to furnish details of your company (within 80 words) for the Exhibitors’ Profile.
Please send us this Form duly completed and signed along with your participation fees by Demand Draft/Cheque and2 (two) copies of passport size colour photographs of the Participant.
_________________________DATE (dd/mm/yy)…………/………../…………… SIGNATURE & OFFICE SEAL
EEPC India Invites Participation forIndia Pavilion at METALEX Vietnam 2012, Ho Chi Minh City, Vietnam
(4-6 October, 2012)
Vietnam has emerged as one of the most potential destinations in SE Asian region for doing business. The country hasachieved about 6% GDP growth in 2011 in spite of financial recession in many countries particularly in Europe which iscommendable. The economy positively grew in the first five months of 2012 as solutions for curbing inflation and stabilizingmacro-economy are taking effect. Positive signals included the sharp decrease of consumer price index (CPI) which onlyincreased 0.18% in May, interest rate reduction, better liquidity, stable exchange rate, and rising foreign currency reserve.
Vietnam’s global trade has increased from US$ 155 billion in 2010 to US$ 201 billion in 2011. The bilateral trade betweenIndia and Vietnam has increased significantly to US$ 3900 million approx. in 2011 from US$ 2753 million approx in 2010.There has been serious impact on the growth in bilateral trade particularly after signing India ASEAN FTA in 2009 whichwas made effective from 1st January, 2010. Indian engineering exports to Vietnam have achieved three-fold increaseduring 2010-11 as compared to corresponding previous year.
Nearly 13,670 valid foreign direct investment (FDI) projects have operated in Vietnam by mid-December with a totalregistered capital of US$ 198 billion. India has 62 projects of investments in Vietnam with total registered capital of US$234.26 million, ranking 27th among countries and territories which have investment in Vietnam. During 2011, India has 13fresh projects with total registered capital of US$ 13 million.
With this objective in view, EEPC INDIA has decided to organize India’s participation at METALEX Vietnam 2012 (The 6thInternational Machine Tools and Metalworking Technology Exhibition), Ho Chi Minh City, Vietnam and putting up an IndiaPavilion which would provide an ideal platform to the Indian business community in the engineering sector to interact witha cross-section of business visitors not only from ASEAN but also other countries in the world. It is expected that around500 exhibitors from 25 countries will participate in the 2012 edition and 10,000 quality buyers from all over the world willconverge in the Show. In the last edition 10,578 visitors visited in the Show.
METALEX Vietnam will be co-located with NEPCON Vietnam, Vietnam’s only exhibition on assembly, measurement andtesting technologies for the electronics manufacturing industry, a part of world-renowned NEPCON series of event, soexhibitors will benefit from the synchronization of the two shows by seeing more technologies and seeing more people.
Focus Products
• Machine Tools and Machining Centers• Sheet Metalworking• Welding Technology• Factory Automation• Pump & Valve• Material Handling• Mold and Die• Wire, Tube, Cable Technology• Control Measurement• Tools and Tooling
Special Feature
• Plastic & Rubber Manufacturing Machinery• Mold & Die Manufacturing Technology• Automotive Parts Manufacturing Machinery• Automation & Assembly Technology
VenueSaigon Exhibition & Convention Center (SECC)799 Nguyen Van Linh Parkway, District 7Ho Chi Minh CityVietnam
Date of Event4 - 6 October, 2012 (3 days)
Participation ChargesOne side open built up booth : US$ 500 per sqm or(Minimum 9 sqm) Rs. 28,500 per sqm
10% extra for two sides open booths (subject to availability)
Two sides open booths are limited in number and will be allocated on a first-come, first-served basis only onpayment in full.
Mode of PaymentFull payment is to be made by Demand Draft/at par Cheque to be drawn in favour of “EEPC INDIA” along with theApplication Form duly filled in all respects.
OR
Swift Transfers in US Dollar (to add US$ 50 per remittance to offset bank charges etc.) as per following details:
Name of the Bank : HDFC BANK LTDAddress of the Bank : Central Plaza
2/6 Sarat Bose RoadKolkata - 700 020
Branch Code : 0014Account Number : 00148580000013Beneficiary Name : EEPC INDIASWIFT Code : HDFCINBBCALTHROUGH:
JP MORGAN CHASE BANK, NEW YORKA/c. No. 001-1-406717SWIFT Code – CHASUS33CHIPS ABA : 0002FEDWIRE ABA: 021000021CHIPS UID # 354459
Payment & CancellationFull payment is to be made on or before 31st August, 2012 positively. Confirmed booking of space will be considered onlyon receipt of full payment. 50% cancellation charges applicable if booking is cancelled on or before 7th September, 2012.No cancellation would be considered after this stipulated date. Acceptance of application and allocation of space will bedone at the sole discretion of EEPC India.
Display BoothEach 9 sq. mtr. booth will consist of:
- Carpeted Floor- One Information Desk- Two Chairs- Two Fluorescent Lights
Selection CriteriaSelection of participants will be done after receiving full payment strictly on first-come, first-served basis.
MDA EntitlementsAll eligible participants will be entitled to MDA grant under Focus ASEAN+2 Programme of Ministry of Commerce &Industry, Government of India as per the MDA Guidelines effective from April 01, 2006.
Assistance would be permissible on travel expenses by Air in Economy Excursion Class fare and/or charges of built upfurnished stall subject to an upper ceiling of Rs. 1,50,000/- (Rupees One Lakh Fifty Thousand only).
Further, eligibility for MDA grant is subject to exporting companies having FOB value of exports up to Rs. 15 crores in thepreceding year, having complete 12 months membership with EEPC India with regular filing of returns and fulfilling otherconditions, details of which can be obtained from respective Regional Offices of EEPC India.
Submission of ApplicationInterested firms may please send the Application Form, duly filled in and signed, along with full payment latest by 31stAugust, 2012 to the respective Regional Offices or to:
Application Form India Pavilion at METALEX Vietnam 2012, Ho Chi Minh City, Vietnam
(4 - 6 October, 2012)Name of the Company :
Postal Address :
Phone (with area code) :
Fax (with area code) :
E-mail :
Website :
Name & Designation of the Chief Executive :
Name & Designation of the Participants :
Space required (Minimum 9 sqm) :
PAN No. of the Company :
TAN No. of the Company :
Type of Units : SSI Non-SSI
Status : Manufacturer/Exporter Merchant Exporter
Export House
Total Annual Export (in Million US$) : 2009-2010 2010-2011 2011-2012
Total Export to ASEAN countries : 2009-2010 2010-2011 2011-2012(in Million US$)
Foreign Collaboration, if any :
Products Manufactured/Exported :
Countries of Export :
Accreditation to International Standards :(like ISO, QS)
Nature of Display : Display of Samples Display of Posters
Please use separate sheet to furnish details of your company (within 80 words) for the Exhibitors’ Profile. Please send usthis Form duly filled-in and signed along with full payment by Demand Draft and 2 (two) copies of passport size colourphotographs of the Participant.
Czech Republic - Country ProfileSynopsis of the Country
Capital : PragueCurrency : Czech Koruna (CZK)Languages : CzechBusiness Language : EnglishPopulation : 10190213 (July 2011 est.)Total Area : 78867 sq. kmsGDP : $261.3 billion (2010 est.)GDP Growth Rate : 2.3% (2010 est.)GDP Per Capita : $25,600 (2010 est.)Major Exports : Machinery and transport equipment,
raw materials and fuel, chemicalsExports Value : $126.4 billion (2010 est.)Major Countries of : Germany, Slovakia, Poland, France,Export UK, Austria, ItalyMajor Imports : Machinery and transport equipment,
raw materials and fuels, chemicalsImports Value : $123.5 billion (2010 est.)Major Countries of : Germany, China, Poland, Russia,Import SlovakiaThe Velvet Revolution of 1989 peacefully overthrew aCommunist dictatorship and led to the election of dissidentplaywright Vaclav Havel as president of a democraticCzechoslovakia. The Czech Republic separated fromSlovakia in the “velvet divorce,” becoming an independentnation in 1993 and joining the European Union in 2004. Theleftist Czech Social Democratic Party was defeated in theMay 2010 elections, and a center-right coalition nowgoverns under Prime Minister Petr Necas. Historically, theCzech Republic has been among the world’s mostindustrialized states, and its economy was significantlyaffected by the 2009 recession, with declines in bothindustrial production and exports within the European Union.
Trade PolicyThe Czech Republic’s trade policy is the same as that ofother members of the European Union. The common EUweighted average tariff rate was 1.2 percent in 2009.However, the EU has high or escalating tariffs foragricultural and manufacturing products, and its MFN tariffcode is complex. Non-tariff barriers reflected in EU andCzech policy include agricultural and manufacturingsubsidies, quotas, import restrictions and bans for somegoods and services, market access restrictions in someservices sectors, non-transparent and restrictive regulationsand standards, and inconsistent regulatory and customsadministration among EU members. Services marketrestrictions exceed EU policy, and non-transparentgovernment procurement and the enforcement of intellectual
property rights remain problematic. Ten points werededucted from the Czech Republic’s trade freedom scoreto account for non-tariff barriers.
Fiscal Burden
The Czech Republic has relatively low tax rates. The flatincome tax rate is 15 percent, and the top corporate tax ratehas been reduced from 20 percent to 19 percent. Othertaxes include a value-added tax (VAT), a real estate transfertax, and an inheritance tax on non-family recipients. In themost recent year, overall tax revenue as a percentage ofGDP was 36.2 percent.
Government InterventionThe government is critically involved in the economy,particularly in social programmes. In the most recent year,total government expenditures, including consumption andtransfer payments, held steady at 42.9 percent of GDP. Thegovernment has sold its remaining stakes in atelecommunications company and a petrochemicals refiner.The overall fiscal deficit is 6 percent, and public debt is 60percent.
Foreign InvestmentLegally, foreign and domestic investors are treatedidentically. The government screens foreign investmentprojects in banking, insurance, and defence, where the stateis a partner. Slow legislative and judicial reform, unevencontract enforcement, bureaucracy, and corruption areobstacles to foreign investment. Most major state-ownedcompanies have been privatized with foreign participation.There are no restrictions on payments or current transfers,and residents and non-residents may hold foreign exchangeaccounts. Branches or offices of foreign companies maybuy local real estate, except for farmland or woodland.
RegulationDespite improvements, regulatory bottlenecks and lack oftransparency remain burdensome. Licensing andbankruptcy processes are lengthy and costly.
Foreign Trade in FiguresThe Czech Republic’s economy is very open to foreigninvestment. Trade represented more on average over 145%of the GDP in 2008-2010. Its membership to the EuropeanUnion has allowed the Czech Republic to enter into thecommon market and to consolidate its position as a low-cost production base. 80% of the country’s trade is nowconducted with the OECD countries (of which 80% is withEU countries). A certain number of agreements made iteasier to trade with neighboring countries (CEFTA). Thecountry has recorded a structural positive trade balance
Foreign Trade 155.1 149.6 132.7 153.9 -(in % of GDP)
(Source: WTO - World Trade Organization ; World Bank , LastAvailable Data)
Economic IndicatorsThe Czech Republic’s economy is one of the mostdeveloped in Central and Eastern Europe. After experiencinga sharp drop in 2009 (-4.2%) due to the global recession,the country resumed growth in 2010 (2%). However, therewas again a slowdown in 2011 (1.7%) and the situationshould deteriorate further in 2012 (around 0.2%) due to thedifficulties faced by the country’s trading partners in theeurozone. The country’s economic growth is stronglyinfluenced by the demand of exports and the FDI inflow.
Despite the new worsening of the economic climate, thegovernment intends to continue the austerity measuresaimed at fiscal consolidation. New budget cuts wereannounced in January to bring the budget deficit below 3%of GDP by 2013, with the idea of meeting the Maastrichtcriteria. A reform of the health system and pensions is alsoplanned. The long-term goal is to make the Czech Republicone of the world’s twenty most competitive economies by2020, developing infrastructure, strengthening institutionsand governance, reforming the education sector, increasinglabour market flexibility and improving the business climate.Export diversification is also part of the strategy.
The unemployment rate, which has increased under theeffect of the global crisis, remains at around 7% of the activepopulation.
Main Indicators 2009 2010 2011 2012(e) 2013(e)
GDP (billions USD) 196.15 197.67 215.27e 205.95 213.58GDP (Constant Prices, -4.7 2.7 1.7e 0.1 2.1Annual % Change)GDP per Capita (USD) 18,739 18,814e 20,444e 19,515 20,196General Government -4.5 -3.9e -3.1e -2.3 -2.2Balance (in % of GDP)General Government 34.3 37.6e 41.5e 43.9 45.4Gross Debt (in %of GDP)Inflation Rate (%) 1.0 1.5 1.9e 3.5 1.9Unemployment Rate 6.7 7.3 6.7 7.0 7 .4(% of the Labour Force)Current Account -4.85 -5.99 -6.35 -4.40 -3.98(billions USD)Current Account -2.5 -3.0 -2.9 -2.1 -1.9(in % of GDP)
(Source: IMF - World Economic Outlook Database ; World Bank ,Last Available Data)
Note: (e) Estimated Data
Main Sectors of Industry
The agricultural sector went through a serious crisis in the90s and, even today, it is still heavily subsidized. Itgenerates approximately 2% of the country’s GNP andemploys more than 3% of the active population. The mainagricultural products are sugar beets, potatoes, wheat,barley and hops.
The production sector is mostly private, it accounts foralmost 40% of the GNP and employs 40% of the activepopulation. The growth at the level of performance wasparallel to the increase in manpower’s productivity. One ofthe main manufacturing sectors is the auto industry, withSkoda (Volkswagen company). Foreign investors such asToyota and PSA also started producing cars in the CzechRepublic since 2005. However, this sector has now reacheda saturation point. Nearly 10,000 jobs were eliminated in2009 because of the international crisis. The textile sectoris becoming very dynamic.
Services contribute to 60% of the GDP and employ morethan half of the active population. The tourism sector isbooming, thanks to the city of Prague, in particular, whichis a very attractive tourist center.
Breakdown of Economic Agriculture Industry ServicesActivity by Sector
Employment by sector 3.1 38.0 58.9(in % of total employment)Value added 2.4 37.6 60.0(in % of GDP)Value added -5.4 7.6 0.8
Foreign Trade in FiguresThe Czech Republic’s economy is very open to foreigninvestment. Trade represented more on average over 145%of the GDP in 2008-2010. Its membership to the EuropeanUnion has allowed the Czech Republic to enter into thecommon market and to consolidate its position as a low-cost production base. 80% of the country’s trade is nowconducted with the OECD countries (of which 80% is withEU countries). A certain number of agreements made iteasier to trade with neighboring countries (CEFTA). Thecountry has recorded a structural positive trade balancesince it became a member of the European Union, a trendthat should continue. The trade balance increased by 20%in 2011, driven by the exports.
Foreign Trade 2007 2008 2009 2010 2011Indicators
Imports of Goods 118,169 142,038 105,048 126,185 151,466(million USD)Exports of Goods 122,498 146,799 112,956 132,971 162,268(million USD)Imports of Services 14,294 17,754 18,731 16,887 18,234(million USD)Exports of Services 16,799 21,694 20,211 20,886 22,077(million USD)Imports of Goods 14.3 4.7 -10.6 18.0 -and Services(Annual %Change)Exports of Goods 15.0 6.0 -10.8 18.0 -and Services(Annual %Change)Imports of Goods 75.1 72.5 63.6 74.5 -and Services(in % of GDP)Exports of Goods 80.1 77.1 69.1 79.3 -and Services (in %of GDP)Trade Balance 2,237 1,706 4,577 2,804 -(million USD)Trade Balance 5,158 6,076 8,486 6,733 -(Including Service)(million USD)Foreign Trade 155.1 149.6 132.7 153.9 -(in % of GDP)
Motor cars and other motor vehicles principally designed for the transport of persons, incl. 9.6%station wagons and racing cars (excl. motor vehicles of heading 8702)Parts and accessories for tractors, motor vehicles for the transport of ten or more persons, motor 6.5%cars and other motor vehicles principally designed for the transport of persons, motor vehicles forthe transport of goods and special purpose motor vehicles of heading 8701 to 8705, n.e.s.Automatic data processing machines and units thereof; magnetic or optical readers, machines for 6.5%transcribing data onto data media in coded form and machines for processing such data, n.e.s.Television receivers, whether or not incorporating radio-broadcast receivers or sound or video 2.0%recording or reproducing apparatus; video monitors and video projectorsInsulated “incl. enamelled or anodised” wire, cable “incl. coaxial cable” and other insulated electric 1.6%conductors, whether or not fitted with connectors; optical fibre cables, made-up of individuallysheathed fibres, whether or not assembled with electric conductors or fitted with connectorsNew pneumatic tyres, of rubber 1.5%Electrical energy 1.3%Transmission apparatus for radio-telephony, radio-telegraphy, radio-broadcasting or television, whether 1.2%or not incorporating reception apparatus or sound recording or reproducing apparatus; televisioncameras; still image video cameras and other video camera recorders; digital camerasSeats, whether or not convertible into beds, and parts thereof, n.e.s. (excl. medical, surgical, 1.2%dental or veterinary of heading 9402)Electrical apparatus for switching or protecting electrical circuits, or for making connections to or in 1.2%electrical circuits, e.g., switches, relays, fuses, surge suppressors, plugs, sockets, lamp-holdersand junction boxes, for a voltage <= 1.000 v (excl. control desks, cabinets, panels etc. of heading 8537)Parts and accessories (other than covers, carrying cases and the like) suitable for use solely or 1.2%principally with machines of heading 8469 to 8472, n.e.s.Toys (excl. wheeled toys designed to be ridden by children, dolls’ carriages and dolls representing only 1.1%human beings); reduced-size “scale” recreational models, working or not; puzzles of all kindsPumps for liquids, whether or not fitted with a measuring device (excl. ceramic pumps and secretion 1.1%aspirating pumps for medical use and medical pumps carried on or implanted in the body); liquidelevators (excl. pumps); parts thereofElectrical apparatus for line telephony or line telegraphy, incl. line telephone sets with cordless 1.1%handsets and telecommunication apparatus for carrier-current line systems or for digital linesystems; videophones; parts thereofArticles of iron or steel, n.e.s. (excl. cast articles) 1.0%Printing machinery used for printing by means of the printing type, blocks, plates, cylinders and 1.0%other printing components of heading 8442 and ink-jet printing machines (excl. hectograph orstencil duplicating machines, addressing machines and other office printing machines of heading8469 to 8472); machines for uses ancillary to printing, for the feeding, carriage or furtherprocessing of sheets or webs of paper; parts thereofAir conditioning machines comprising a motor-driven fan and elements for changing the temperature 1.0%and humidity, incl. those machines in which the humidity cannot be separately regulated; parts thereofElectrical lighting or signalling equipment (excl....Electrical lighting or signalling equipment 0.9%(excl. lamps of heading 8539), windscreen wipers, defrosters and demisters, of a kindused for cycles or motor vehicles; parts thereofElectric motors and generators (excl. generating sets) 0.9%Electronic integrated circuits and micro assemblies 0.9%
Automatic data processing machines and units thereof; magnetic or optical readers, machines 5.2%for transcribing data onto data media in coded form and machines for processing such data, n.e.s.Parts and accessories for tractors, motor vehicles for the transport of ten or more persons, motor 4.7%cars and other motor vehicles principally designed for the transport of persons, motor vehicles forthe transport of goods and special purpose motor vehicles of heading 8701 to 8705, n.e.s.Petroleum oils and oils obtained from bituminous minerals, crude 3.7%Petroleum gas and other gaseous hydrocarbons 2.8%Parts and accessories (other than covers, carrying cases and the like) suitable for use solely or 2.2%principally with machines of heading 8469 to 8472, n.e.s.Medicaments consisting of mixed or unmixed products for therapeutic or prophylactic uses, put up 2.2%in measured doses “incl. those in the form of transdermal administration” or in forms or packingsfor retail sale (excl. goods of heading 3002, 3005 or 3006)Motor cars and other motor vehicles principally designed for the transport of persons, incl. station 1.9%wagons and racing cars (excl. motor vehicles of heading 8702)Electronic integrated circuits and micro assemblies 1.7%Petroleum oils and oils obtained from bituminous minerals (excl. crude); preparations containing 1.6%>= 70% by weight of petroleum oils or of oils obtained from bituminous minerals, these oilsbeing the basic constituents of the preparations, n.e.s.; waste oils containing mainly petroleumor bituminous mineralsParts suitable for use solely or principally with transmission and reception apparatus for radio-telephony, 1.6%radio-telegraphy, radio-broadcasting, television, television cameras, still image video cameras and othervideo camera recorders, radar apparatus, radio navigational aid apparatus or radio remote controlapparatus, n.e.s.Transmission apparatus for radio-telephony, radio-telegraphy, radio-broadcasting or television, whether or 1.5%not incorporating reception apparatus or sound recording or reproducing apparatus; television cameras;still image video cameras and other video camera recorders; digital camerasInsulated “incl. enamelled or anodised” wire, cable “incl. coaxial cable” and other insulated electric 1.5%conductors, whether or not fitted with connectors; optical fibre cables, made-up of individuallysheathed fibres, whether or not assembled with electric conductors or fitted with connectorsElectrical energy 1.3%Printing machinery used for printing by means of the printing type, blocks, plates, cylinders and other 1.0%printing components of heading 8442 and ink-jet printing machines (excl. hectograph or stencilduplicating machines, addressing machines and other office printing machines of heading8469 to 8472); machines for uses ancillary to printing, for the feeding, carriage or furtherprocessing of sheets or webs of paper; parts thereofElectrical apparatus for switching or protecting electrical circuits, or for making connections to or 1.0%in electrical circuits, e.g., switches, relays, fuses, surge suppressors, plugs, sockets, lamp-holdersand junction boxes, for a voltage <= 1.000 v (excl. control desks, cabinets, panels etc. of heading 8537)Articles of plastics and articles of other materials of heading 3901 to 3914, n.e.s. 0.9%Electrical apparatus for line telephony or line telegraphy, incl. line telephone sets with 0.9%cordless handsets and telecommunication apparatus for carrier-current line systems or fordigital line systems; videophones; parts thereofDiodes, transistors and similar semiconductor devices; photosensitive semiconductor devices, incl. 0.9%photovoltaic cells whether or not assembled in modules or made-up into panels (excl. photovotaicgenerators); light emitting diodes; mounted piezo-electric crystals; parts thereofFlat-rolled products of iron or non-alloy steel, of a width >= 600 mm, hot-rolled or cold-rolled 0.8%“cold-reduced”, clad, plated or coatedNew pneumatic tyres, of rubber 0.8%
Reduced Tax Rate : 14% of VAT on food, books, special healthcare products.
Other Consumption Taxes : Excise taxes are also perceived (on tobaccos, oil productions, beer, winesand liqueurs), applied according to the type and the quantities of products.They are payable under 10 days after announcement of Customs. Energytax on supplies of electricity, natural and other gases, and solid fuels areeffective since January 2008.
Corporate Taxes
Company Tax : 19%
Tax Rate For Foreign Companies : All Czech tax residents are subject to these taxes on their worldwideincome and capital gains, while Czech tax nonresidents are taxed onlyon their income from Czech sources.
The tax residency of a legal entity is its seat or place of effectivemanagement in the Czech Republic.
Capital Gains Taxation : Capital gains are taxed at the normal corporate income tax rate.
Main Allowable Deductions and : Tax deductible costs are similar to that in other countries (if incurred inTax Credit order to generate, assure and maintain the taxable income): tax
depreciation on assets, purchased material and services, wages, salariesand social security and health contributions.
Tax deductible items: charitable donations, research and developmentcosts allowance, accumulated tax losses carried forward from previousyear, tax relief.
Other Corporate Taxes : Withholding taxes, value added tax, real property tax and real estate tax,tax on operators of photovoltaic power plants.
(Source : EEPC INDIA Website, Statistics Department – EEPC INDIA, www.fita.org)
[Prepared by TID Department, EEPC INDIA (H.O.), Kolkata]
Project : Water Supply and Sanitation Sector ProjectLoan No. : 2860-ARM (SF)Loan from ADB
DB Ref. No. : ADB171-08/12
Issued by : Armenian Water and Sewerage CJSC (AWSC)Investment Programs Coordination Department (IPCD)Floor 3, Vardanants Blind Alley 8aYerevan 0010, ArmeniaAttn. : Dr. Eduard Chil-Akopyan, AWSC IPCD DirectorMs. Kristine Ghambaryan, Procurement officerTel/Fax : +374 10 54 28 77E-mail : [email protected] ; [email protected] ; [email protected]
Bid No. : L2860-ICB-2-01
For : Supply of 12 (twelve) units of Backhoe Loaders.
Tender cost : Non-refundable fee of 14000 AMD or US$ 40.
Bid deadline : 24.09.2012
Azerbaijan(EEPC Ref. No. DB-1101)
Project : Health Sector Reform ProjectLoan No. : IDA 42100, TF 55805Project ID No. : P094220Credit from IDA
DB Ref. No. : WB2889-08/12
Issued by : Project Implementation UnitHealth Sector Reform ProjectMinistry of Health of the Republic of Azerbaijan96, H.Zardabi Street, 6th FloorBaku, ZIP Code : AZ1122AzerbaijanTel. : +994 12 431968Fax : +994 12 4311937E-mail : [email protected]
Bid No. : HSRP/G/ICB/7.06
For : Supply of the Medical Equipment & supplies :- Lot 1 : Medical Equipment & Supplies for 4 Village Hospitals- Lot 2 : Medical Equipment & Supplies for 8 Primary Health Care Clinics- Lot 3 : Medical Equipment & Supplies for 100 beds Agdash Hospital Delivery Department
Tender cost : Non refundable fee of US$ 350 or 275 AZN.
Bid security : Bid Security for each lot separately:- Lot 1 : 15,000 AZN (fifteen thousand Azerbaijani Manat) or equivalent amount in a freely convertible currency.- Lot 2 : 10,000 AZN (ten thousand Azerbaijani Manat) or equivalent amount in a freely convertible currency.- Lot 3 : 2,000 AZN (two thousand Azerbaijani Manat) or equivalent amount in a freely convertible currency.
Bid deadline : 08.10.2012
Malawi(EEPC Ref. No. DB-1102)
Project : Agriculture Sector Wide Approach – Support ProjectLoan No. : IDA 44760, IDA 50690, TF 90305Project ID No. : P105256Credit from IDA
DB Ref. No. : WB2911-08/12
Issued by : Ministry of Agriculture and Food SecurityP.O. Box 30134Capital CityLilongwe 3, MalawiTel. : +265 01 789 033Fax : +265 01 789 218E-mail : [email protected]
Bid No. : ASWAP/G/MC/01
For : Supply and delivery of Motorcycles, as follows :- Lot 1 : Motorcycles; Quantity : 85
Tender cost : Non-refundable fee of MK3, 500.00 or in a freely convertible currency.
Bid security : Not less than 2% or an equivalent amount in a freely convertible currency.
Bid deadline : 20.09.2012
Sri Lanka(EEPC Ref. No. DB-1104)
Project : Road Sector Assistance Project - AF 2ndProject ID No. : P116742Credit from IDA
For : Supply of DI Pipes, Fittings, Valves & Accessories under two Lots as given below :- Lot 1 : (DI Pipes & Fittings). This includes 450 nos. of 80 mm to 300 mm dia. DI pipes of length 1m
to 4m each, together with necessary fittings, couplings, etc.- Lot 2 : (DI Valves & Accessories). This includes 6700 nos. of 20 mm to 300 mm dia. DI and Brass
valves together with Fire Hydrants, Manhole covers, Surface boxes, bulk water meters, Gun metalferrules, etc.
Tender cost : Non-refundable fee of Rupees Ten Thousand or an equivalent amount in a freely convertible currency.
Bid security : LKR Four hundred thousand or an equivalent amount in a freely convertible currency for each Lot.
Bid deadline : 13.09.2012
(Source : UN Development Business Website)
Egypt(EEPC Ref. No. MEED-104)
Tender for : Power plant equipment and pipes
Tender details : Supply of mechanical equipment and installation of pipes for a 650MW gas-oil fired unit at the Suezthermal power plant. The scope of works includes, but is not limited to, the designing, fabricating,furnishing, delivery to the site, storing, installing, training, testing, startup, commissioning, placing intosuccessful operation and maintaining all equipment and systems until operational acceptancecertificate, preparing detailed drawings, technical documents and as-built documents for the mechanicalequipment and pipe installation.
Bid bond : $ 900,000
Details available : $ 1,500 – to account no 11000441395, National Bank of Egypt, Ismailiya branchon payment of
Closing date : 11.11.2012
Issued by : East Delta Electricity Production CompanyHead of Procurement SectorShebin el-Kom StreetIsmailiya, EgyptTel. : (2064) 3351906Fax : (2064) 3376285E-mail : [email protected]
Kuwait(EEPC Ref. No. MEED-105)
Tender No. : MI/142/2012/2013
Tender for : Printing press equipment
Tender details : Supply of government printing press equipment for the Information Ministry.
Tender details : Supply, installation, testing and commissioning of a 600-900-millimetre-diameter watertransmission pipeline along the spine and tunnel up to the crescent in the Palm Jumeirah.
Bid bond : 5 per cent of tender price
Details available : AED 1,000on payment of
Closing date : 19.09.2012
Issued by : Dubai Electricity & Water AuthorityOffice of the Contracts ManagerZabeel EastPO Box 564Dubai, UAETel. : (9714) 3244444Fax : (9714) 3248111E-mail : [email protected] : www.dewa.gov.ae
(Source : MEED.com website)
ThailandProject : Lam Takhong Wind Turbine Generation Project Stage II
Issued by : Development Area Procurement Department- Power PlantDevelopment Area Administration DivisionRoom No. 605, Building No. TOR 101Electricity Generating Authority of ThailandBang Kruai, Nonthaburi 11130ThailandFax : (662) 4336317/4335523/4344064/4360591Tel. : (662) 4339774Websites : http.//www/egat/co.th/procure, http.//bidding.egat.co.th
For : Design, manufacture, fabrication, shop tests, supply, delivery to and unloading at Port of Thailand,supervision of installation, field testing and commissioning, commissioning, maintenance and on-sitetraining including guarantee of the Equipment.
Tender cost : Non-refundable fee of US$ 430.00 or Thai Baht 15,000.
MANGALORE (As on August 27, 2012)Apostolas-ii 24/8 24/8 29/8 MoPJag Rishi 23/8 24/8 29/8 IOFM.krishnatreya 25/8 26/8 30/8 LPGMorning Glory 25/8 27/8 28/8 CrudeBeks Cenk 23/8 24/8 28/8 CoalJ.l.nehru 25/8 W — CrudeBritto 25/8 W — MSM.shubhatreya 26/8 W — LPGHigh Force 26/8 W — HSD
MUMBAI (As on August 27, 2012)Chandra Sun — 23/8 27/8 SupplyMimasaka — 26/8 27/8 Genl.Jasmine Ace — 23/8 31/8 C ChipsFlamboyan — 18/8 31/8 SupplyHappy Success — 18/7 30/8 SupplyKanchan — 26/8 28/8 S CargoSeiyo Goddess — 25/8 27/8 W PulpBingo — 23/8 30/8 C ChipsAnushree Fame — 25/8 28/8 CementSH Grace — 21/8 5/9 M A PhosF.c.Anjan — 2/6 27/8 SerPFS Brave — 22/8 28/8 Supply
PARADIP (As on August 27, 2012)Ultra Rocanville 9/8 17/8 27/8 I OreCielo Lucia 24/8 25/8 27/8 T CoalSeaways Venture 18/8 25/8 28/8 FE CHRYong Jia 21/8 23/8 28/8 C CoalAOM Milena 17/8 25/8 29/8 C CoalJay 26/8 26/8 30/8 S CoalAthos 24/8 24/8 29/8 R Phos
TUTICORIN (As on August 27, 2012)Hoang Anh 25/8 — — O CakeDa Shi Tong 24/8 — — MoPOcean Endurance 7/8 — — BunkDD Vigilant 24/8 — — SUG
Name of the Vessel Arrival Berth Sail Cargo
Kiana Pioneer 26/8 — — SUGGem of Paradip 22/8 — — T CoalWadi Albostan 24/8 — — T CoalAllcargo Arathi 22/8 W — GL CargoAquarosa 23/8 W — T CoalFortuna 25/8 W — GL CargoGood Precedent 26/8 W — T Coal
VISAKHAPATNAM (As on August 27, 2012)Prabhu Sumat 20/8 — — C CoalRam Prasad 16/8 — — I OreCape Magnus 27/8 — — BoxesC.Dynamic Energy 17/8 — — LPGVinalines Mighty 25/7 — — MaizeTCI Prabhu 24/8 — — F GrainsJ.Well 19/8 — — S plateVinaship Pearl 29/7 — — MaizeMeenakshi 13/8 — — C CoalOwl 18/8 — — S CoalSt.Pauli 26/8 — — FOJin Yao 14/8 — — R Phos
Key : (Cargo)bg-(Cargo)in bags; (Cargo)bk-(Cargo)in bula;A–Allotted; AD-Agents disposal; CB Oil-Carbon Black Oil;Agri pdts-Agricultural Products; Chem–Chemicals; Ch Ore-Chrome Ore; C Coal-Coking Coal; Boxes-Containers/TEUs; Dml-Demolition; FE CHR- Ferrous Chrome; Fo-Furnace Oil; GC-General Cargo; GB-Granite Blocks; GS-Granite Stone; HBI-Hard Briqetted Iron; H Coke-HardCoke; HSD-High Speed Diesel; I Ore-Iron Core; IOC-IronOre Concentrate; IOP-Iron Ore Pellets; LAB-Linear AlkylBenZene; L Amm-Liquid Ammonia; L Oil-Lube Oil; M ore-Manganese Ore; MoP-Muriate of Potash; Nap-Naphtha;NR-Not Ready; OA-Outer anchorage; P Oil-Palm Oil/Palmolein; P reels-Paper reels; PAX-Passengers; POL-Petroleum,Oil & Lubes; Ph Acid-Phosphoric Acid; PP-PoorPerformance; DAP-Potash; Raw C-Raw Cashew; R Phos-Rock Phosphate; STM-Stearine Monomer; S Coils-SteelCoils; S Slabs-Steel Slabs; SKO-Superior Kerosene Oil; TCoal-Thermal Coal; T Logs-Timber Logs; V Oil-VegetableOil; Veh-Vehicles; VCM-Vinyl chloride monomer; W-Waiting; Wt.flr.bgs-Wheat flour Bags.
(Source : The Hindu Business Line)
OFFICE BEARERSOF EEPC INDIACHAIRMAN
Aman Chadha
Phone: Off : 91-22-40325600/40325678 (D)Res: 91-22-23516865
