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Industrial Offset
Offsets are compensatory trade agreements, reciprocal trade agreements, between an exporting foreign company, or possibly a government acting as intermediary, and an importing entity. Offset agreements often involve trade in military goods and services and are alternatively called: industrial compensations, industrial cooperation, offsets, industrial and regional benefits, balances, ''juste retour'' or equilibrium, to define mechanisms more complex than counter-trade. Counter-trade can also be considered one of the many forms of defense offset, to compensate a purchasing country. The incentive for the exporter results from the conditioning of the core transaction to the acceptance of the offset obligation.Ianakiev, Gueorgui (2014), " Defence Offsets : Regulation and Impact on the Integration of the European Defence Equipment Market ", in Bellais, Renaud (ed) (2014), "The Evolving Boundaries of Defence : An Assessment of Recent Shifts in Defence Activities ", Emerald Group Publishin ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Counter-trade
Countertrade means exchanging goods or services which are paid for, in whole or in part, with other goods or services, rather than with money. A monetary valuation can however be used in countertrade for accounting purposes. In dealings between sovereign states, the term bilateral trade is used. Types of countertrade There are six main variants of countertrade: *Barter: Exchange of goods or services directly for other goods or services without the use of money as means of purchase or payment. :''Barter is the direct exchange of goods between two parties in a transaction. The principal exports are paid for with goods or services supplied from the importing market. A single contract covers both flows, in its simplest form involves no cash. In practice, supply of the principal exports is often held up until sufficient revenues have been earned from the sale of bartered goods. One of the largest barter deals to date involved Occidental Petroleum Corporation's agreement to ship sulph ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Foreign Direct Investment
A foreign direct investment (FDI) is an ownership stake in a company, made by a foreign investor, company, or government from another country. More specifically, it describes a controlling ownership an asset in one country by an entity based in another country. The magnitude and extent of control, therefore, distinguishes it from a foreign portfolio investment or foreign indirect investment. Foreign direct investment includes expanding operations or purchasing a company in the target country. Definitions Broadly, foreign direct investment includes mergers and acquisitions, building new facilities, reinvesting profits earned from overseas operations, and intra company loans. In a narrow sense, foreign direct investment refers just to building new facility, and a lasting management interest (10 percent or more of voting stock) in an enterprise operating in an economy other than that of the investor. FDI is the sum of equity capital, long-term capital, and short-term capital as ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
EADS
Airbus SE ( ; ; ; ) is a Pan-European aerospace corporation. The company's primary business is the design and manufacturing of commercial aircraft but it also has separate defence and space and helicopter divisions. Airbus has long been the world's leading helicopter manufacturer and, in 2019, also emerged as the world's biggest manufacturer of airliners. The company was incorporated as the European Aeronautic Defence and Space Company (EADS) in the year 2000 through the merger of the French Aérospatiale-Matra, the German DASA and Spanish CASA. The new entity subsequently acquired full ownership of its subsidiary, ''Airbus Industrie GIE'', a joint venture of European aerospace companies originally incorporated in 1970 to develop and produce a wide-body aircraft to compete with American-built airliners. EADS rebranded itself as ''Airbus SE'' in 2015. Reflecting its multinational origin, the company operates major offices and assembly plants in France, Germany, Spain, and ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Eurofighter Typhoon AUT
The Eurofighter Typhoon is a European multinational twin-engine, supersonic, canard delta wing, multirole fighter. The Typhoon was designed originally as an air-superiority fighter and is manufactured by a consortium of Airbus, BAE Systems and Leonardo that conducts the majority of the project through a joint holding company, Eurofighter Jagdflugzeug GmbH. The NATO Eurofighter and Tornado Management Agency, representing the UK, Germany, Italy and Spain, manages the project and is the prime customer. The aircraft's development effectively began in 1983 with the Future European Fighter Aircraft programme, a multinational collaboration among the UK, Germany, France, Italy and Spain. Previously, Germany, Italy and the UK had jointly developed and deployed the Panavia Tornado combat aircraft and desired to collaborate on a new project, with additional participating EU nations. Disagreements over design authority and operational requirements however, led France to leave the conso ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
United States Foreign Military Financing
The United States Foreign Military Financing (FMF) program provides grants and loans to friendly foreign governments to fund the purchase of American weapons, defense equipment, services and training. The program was established through the 1976 Arms Export Control Act and is overseen by the Office of Security Assistance within the Bureau of Political-Military Affairs (previously the Office of Policy Plans and Analysis) of the United States Department of State and executed by the Defense Security Cooperation Agency (DSCA) of the United States Department of Defense. The program's stated aims are to promote U.S. interests by "ensuring coalition partners and friendly partner governments are equipped and trained to pursue common security objectives by contributing to regional and global stability, strengthening military support for democratically-elected governments, fighting the War on Terror, and containing other transnational threats including trafficking in narcotics, weapons an ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Agusta Scandal
The Agusta scandal (, ), alternatively known as the Agusta–Dassault Case, was a major political scandal which occurred in Belgium during the 1990s, based on allegations that two multinational companies had used bribery to secure large Military acquisition, defence procurement contracts. The companies in question, Agusta and Dassault Aviation, Dassault, bribed numerous political office-holders in 1988 in order to secure a large order of AgustaWestland AW109, Agusta A109 helicopters and the contract for re-fitting Belgian General Dynamics F-16 Fighting Falcon, F-16 Fighting Falcon fighter jets respectively. The scandal came to light during investigations into the death of the socialist politician André Cools in 1991 and an official enquiry was opened in 1993. Numerous senior figures in both Walloon and Flemish socialist parties were implicated, including the incumbent Secretary General of NATO Willy Claes who was forced to resign. The Agusta scandal was the first of a series of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Lockheed Bribery Scandals
The Lockheed bribery scandals encompassed bribes and contributions made by officials of U.S. aerospace company Lockheed from the late 1950s to the 1970s in the process of negotiating the sale of aircraft. The scandal caused considerable political controversy in West Germany, Italy, the Netherlands, and Japan. In the U.S., the scandal nearly led to Lockheed's downfall, as it was already struggling due to the commercial failure of the L-1011 TriStar airliner. Background Through the Emergency Loan Guarantee Act of 1971, the Emergency Loan Guarantee Board was created to manage federally guaranteed private loans up to $250 million to Lockheed Corporation. The guarantee program would have the U.S government assume the private debt of Lockheed if it defaulted on its debts. In August 1975 the board investigated whether Lockheed violated its obligations by failing to tell the board about foreign payments made to Lockheed. On October 14, 1977, Lockheed and its 24 lending banks entere ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Defense Security Cooperation Agency
The Defense Security Cooperation Agency (DSCA) is an agency within the United States Department of Defense (DoD) which provides financial and technical assistance, transfer of defense materiel, training and services to allies, and promotes military-to-military contacts. Security cooperation (SC) is founded on a tradition of cooperation between the United States and other sovereign nations with similar values and interests in order to meet common defense goals. It consists of a group of programs authorized by the U.S. Foreign Assistance Act of 1961, as amended, and the Arms Export Control Act of 1976, as amended, and related statutes by which the DoD or commercial contractors provide defense articles and services in furtherance of national policies and objectives. History Founded in 1971, the Defense Security Assistance Agency was renamed the Defense Security Cooperation Agency effective October 1, 1998. Foreign military sales (FMS) Foreign military sales (FMS) and International ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
State Department
The United States Department of State (DOS), or simply the State Department, is an executive department of the U.S. federal government responsible for the country's foreign policy and relations. Equivalent to the ministry of foreign affairs of other nations, its primary duties are advising the U.S. president on international relations, administering diplomatic missions, negotiating international treaties and agreements, protecting citizens abroad and representing the U.S. at the United Nations. The department is headquartered in the Harry S Truman Building, a few blocks from the White House, in the Foggy Bottom neighborhood of Washington, D.C.; "Foggy Bottom" is thus sometimes used as a metonym. Established in 1789 as the first administrative arm of the U.S. executive branch, the State Department is considered among the most powerful and prestigious executive agencies. It is headed by the U.S. secretary of state, who reports directly to the U.S. president and is a membe ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
United States Department Of Defense
The United States Department of Defense (DoD, USDOD, or DOD) is an United States federal executive departments, executive department of the federal government of the United States, U.S. federal government charged with coordinating and supervising the six U.S. armed services: the United States Army, Army, United States Navy, Navy, United States Marine Corps, Marines, United States Air Force, Air Force, United States Space Force, Space Force, the United States Coast Guard, Coast Guard for some purposes, and related functions and agencies. As of November 2022, the department has over 1.4 million active-duty uniformed personnel in the six armed services. It also supervises over 778,000 National Guard (United States), National Guard and reservist personnel, and over 747,000 civilians, bringing the total to over 2.91 million employees. Headquartered at the Pentagon in Arlington County, Virginia, just outside Washington, D.C., the Department of Defense's stated mission is "to provid ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Foreign Military Sales
Foreign Military Sales (FMS) is a security assistance program of the United States government to facilitate the purchase of U.S. arms, defense equipment, design and construction services, and military training to foreign governments. FMS is a government-to-government program where the United States Department of Defense through the Defense Security Cooperation Agency (DSCA) acquires defense articles on behalf of the foreign governments, protecting them from contract risks in negotiating with the arms industry and providing the contract benefits and protections that apply to U.S. military acquisitions. The FMS program was established through the 1976 Arms Export Control Act (AECA) and is overseen by the United States Department of State and the United States Congress through the annual Foreign Operations Appropriations Acts and National Defense Authorization Acts. The DSCA describes FMS as "a fundamental tool of U.S. foreign policy." FMS was the primary channel for U.S. arms e ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
