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Jan 21, 2019
Counterpurchase obligations levied by Israel on foreign contractors totalled $2.45bn in 2017, $350m more than in 2016. Purchases from SMEs and from companies in Israel’s outlying areas rose by about...
Jan 21, 2019
A top Iranian official has floated the possibility of a gold-for-oil barter with several African countries as part of a scheme to circumvent banking sanctions. Hassan Khosrowjerdi, president of the...
Jan 21, 2019
Ghana’s parliament has approved a countertrade deal with the Chinese state-owned Sinohydro Group to deliver refined bauxite to pay for infrastructure costs. Bauxite deliveries will start in three years and...
Jan 21, 2019
Canada’s Department of National Defence (DND) has issued a “Letter of Interest” for the Future Fighter Capability Project (FFCP). The winning supplier will have to make investments in Canada equal...
Jan 21, 2019
Northrop Grumman is now entering into offset discussions for Phase 1 of Poland’s WISŁA’ programme. Northrop will supply Wisła’s Integrated Air and Missile Defence Battle Command System. Tony Housh, the...
Jan 21, 2019
U.S. officials are consulting with foreign partners and local defence companies to address what they see as foreign countries’ “restrictive offset policies.” Alex Gray, special assistant to the president for...
Jan 21, 2019
The U.S. Senate has approved the 2019 National Defence Authorisation Act (NDAA). The Act contains several implications for U.S. offsets. The NDAA aims to tighten the U.S.’s military relationship with...
Jan 21, 2019
The Kuwait Direct Investment Promotion Authority (KDIPA) has released a new list of projects that companies can use to discharge their offset obligations. The list includes 30 projects which have...
Jan 21, 2019
Ukrinmash, a company belonging to the Ukrainian state-run defence concern Ukroboronprom, is bidding to supply the Brazilian Navy with four Tamandaré-class corvettes in partnership with the Brazilian state-owned shipyard Arsenal...
Jan 21, 2019
The United States has eased export controls to India, paving the way for the transfer of advanced technologies. Commerce secretary Wilbur Ross announced that India would receive Strategic Trade Authorization...