Top 10 International Law Headlines from Asia Pacific Over the past ten years, Indonesia has undergone dramatic changes, starting with the crash of its economy during the South East Asian economic meltdown. In pursuance of its obligations to implement border measures as envisaged in Articles 51 to 60 of the WTO Treaty on Trade Related Aspects of Intellectual Property Rights (TRIPS), India has defined the role of the Customs Authorities in combating Intellectual Property Rights (IPR) infringements at the borders (land, sea and air). The government of Beijing has published the “Several Provisions on Encouraging Multinational Companies to Establish Regional Headquarters in Beijing” on 21 May 2009 which update the previous version from 1999. As a destination for foreign investors, India is fast closing the gap on China to become the world's most popular investment hub. Figures released by the country's Reserve Bank in August 2008 showed that foreign direct investment in India for the first quarter of this financial year exceeded the total received in 2005/06. Recently, two bans concerning the animal testing of cosmetic products were introduced in the European Union ("EU"), the first being effective from 11 March 2009, and the second coming into effect from 11 March 2013. Since its enactment in 1984, China's Patent Law has been amended twice, first in 1992 and then in 2000. The first amendment added pharmaceutical compositions to the list of patentable subject matter and inaugurated China's membership in the Patent Cooperation Treaty ("PCT"). Technology import contracts are contracts that involve the import of technology (“Technology Import Contract” or “Contract”) and include standard intellectual property rights licence contracts, technical service contracts, technical consultancy agreements and cooperative contracts for development, production and/or research. In June we published an e-alert concerning the initiation of the investigation into the alleged dumping and subsidisation of certain aluminium extrusions exported to Australia from the Peoples Republic of China (PRC). VAT is a turnover tax levied on all units and individuals engaged in the sale of goods, the provision of processing, repair and replacement services and the importation of goods to the PRC. Starting with the subprime crisis, the world economy has beenplunged into a "once in a hundred years" economic crisis.With the United States as the epicenter, the U.S., Europe, Japan, and China are creating demand for goods and services through large-scale government spending in order to cover the sudden shrinkage in demand. | 
