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TANZANIA RESTRICTS VARIOUS BUSINESS ACTIVITIES TO NATIONAL CITIZENS

The Government of Tanzania has approved new regulations limiting the conduct of certain economic activities exclusively to Tanzanian citizens. The measure, promoted by the Ministry of Industry and Trade, was formalized through the Trading Licences (Prohibition of Business Activities for Non-Citizens) Order, 2025, published in Government Notice No. 487 on July 28, 2025. This provision

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EU AND INDONESIA SIGN HISTORIC TRADE PACT

After nearly a decade of negotiations, the European Union (EU) and Indonesia have concluded an ambitious trade agreement known as the Comprehensive Economic Partnership Agreement (CEPA), alongside an Investment Protection Agreement (IPA). This pact marks a strategic step toward opening new markets and reshaping trade flows between Europe and Southeast Asia.   Main points of

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CHINA STRENGTHENS LABOR PROTECTION MEASURES AGAINST HIGH TEMPERATURES

The rise of extreme summer temperatures in China has led to reinforced employer obligations regarding occupational risk prevention and high-temperature subsidies. National and local labor authorities now demand stricter compliance with regulations to protect workers’ health, particularly in sectors with direct exposure to heat. Legal framework The regulations are based on the Labor Law of

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NEW US TAX REFORM IN JULY 2025

Tax Changes Ahead: Summary of Key Changes for Individuals and Businesses The new tax reform promoted by Donald Trump brings with it key changes that will impact both individual taxpayers and businesses. Below, we detail the main points of the proposal, which includes tax reductions, enhanced deductions, and new phase-out thresholds. CHANGES FOR INDIVIDUALS 1.

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THE EUROPEAN UNION ADOPTS THE 17TH PACKAGE OF SANCTIONS AGAINST RUSSIA IN RESPONSE TO ITS AGGRESSION AGAINST UKRAINE

On May 20, the Council of the European Union adopted the seventeenth package of sanctions targeting Russia in response to its continued military aggression against Ukraine. Russian “Ghost Fleet”: The EU has blacklisted 189 additional ships from third countries that have been supporting the so-called Russian “Ghost Fleet,” used to illicitly transport crude oil and

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