Global vision, private chat with Carlo D'Andrea

The AI Act transposes European values to a new era. By focusing regulation on identifiable risks, today's agreement will foster responsible innovation in Europe. "Our AI Act will make a substantial contribution to the development of global rules and principles for human-centric Artificial Intelligence”, this is how Ursula Von Der Leyen - President of the European Commission - commented on the agreement reached by the European Institutions on the AI Act on December 9th, 2023, after a negotiation that lasted nearly 36 hours. Let's discuss it in more details today

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The fashion and luxury market in China remains one of the largest and most dynamic in the world. The Chinese fashion market presents both challenges and opportunities for multinational brands looking to establish a presence in China. To achieve long-term growth and success in China, multinational brands must adapt to the complex regulatory environment, understand Chinese culture and consumer preferences, and adopt the right tools and strategies. Let's discuss it today!

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Cross-border e-commerce (“CBEC”) is an umbrella term for cross-border e-commerce retail imports and exports. Cross-border e-commerce retail import refers to the process whereby consumers in China purchase goods from abroad through a cross-border e-commerce third-party platform operator and transport them into the country using either online bonded import (Customs Supervision Mode Code 1210), online bonded import A (Customs Supervision Mode Code 1239) or direct purchase import (Customs Supervision Mode Code 9610).

In recent years, China's cross-border e-commerce retail import and export has grown rapidly, due to the expansion of the 2020 cross-border e-commerce retail import pilot program to 86 cities and the Hainan Island. The program has not expanded to all Pilot Free Trade Zones (FTZs), cross-border e-commerce pilot zones, comprehensive bonded zones, import trade promotion innovation demonstration zones, and bonded logistics centers in the city and region.

Today will focus on the legal and fiscal matters involved in cross-border e-commerce retail imports under the model of online bonded import.

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In the recent years Italy has increasingly attracted the interest of investors who are willing to actively enter the market through the set up of company in Italy or the acquisition of existing entities in various sectors in which Italy has its forte such as fashion, mechanical or automotive sectors, to name a few. Since many years Italy has desired to facilitate and attract foreign investment by guaranteeing the issuance of a special visa. For the first time in the year 2017, Italy launched its program to introduce the so called Visa for Investors, also called as “Golden Visa”, which is a five-year title reserved to those make strategic investments in Italy. Let's discuss it today

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China has officially acceded to the Apostille Convention. This will save time and costs for companies and individuals, as foreign documents for use in China will no longer need to undergo multiple rounds of authentication by different authorities. Let's discuss it today.

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In order to further optimize the Chinese foreign investment environment and attract more foreign investment, China's State Council has issued “The Opinions of the State Council on Further Optimizing the Foreign Investment Environment and Intensifying Efforts to Attract Foreign Investment” (the “Opinions”). These 24 guidelines provide clear directives and policies to local governments to increase the protection of the rights and interests of foreign investors. Let's discuss it today!

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On July 13th , 2023, the National Internet Information Office and other departments jointly issued the Interim Measures for the Administration of Generative Artificial Intelligence Services ("Measures"), implemented from August 15th, 2023 onwards and putting forward detailed compliancy requirements in terms of content, data and algorithms. It is notably the first regulatory document for artificial intelligence generated content (“AIGC”) in China. Let’s take a closer look at this new regulation today.

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European companies have long since recognised that China’s R&D ecosystem is increasingly vibrant and has many advantages over the rest of the world. Among the advantages most commonly cited are the number and variety of collaboration partners, as well as inventive scientists and researchers. Wide praise from European investors also extol the size of the market and the fast pace of commercial application of R&D results. As the nature of China-based R&D activities matures, so too have the attitudes of European companies, which had previously viewed innovation in China as almost exclusively for localization of products developed in their home markets. Let’s take a closer look at how innovative companies in China operate on the ground and how European companies are faring in this highly competitive market.

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On April 18th, 2023, the European Parliament approved the legislation for the implementation of a Carbon Border Adjustment Mechanism (CBAM) as part of the European Union’s (EU) “Fit for 55 in 2030 package”, which is aimed at reducing greenhouse gas (GHG) emissions by 55 percent before 2030.

From this mammoth legislative change, we have the EU & China at an interesting crossroads in the global race for carbon neutrality, but where do China and EU interests intersect on climate action and how will EU/Chinese businesses involved be affected? Lets dive into the matter further in this latest episode.

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The G20 summit held in Bali, Indonesia between November 15th- 16th was significant in it’s indications on how the most powerful nations of the world aim to tackle the most pressing issues of are time, from geo-political concerns, climate change, digitalization as well as diplomacy amongst the attendants. For China, the trip to Indonesia was one of President Xi’s first appearances at a major global gathering outside China in recent years, a milestone that was not lost on occasion as the Chinese side aimed to reintegrate and coordinate with leaders from around the world on a variety of aspects. We’ll examine Post-G20 what are the new indicators in terms of China-US relations, as well as what this summit means for the E.U. moving forward. Here we go!

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