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Structured register of government actions in the geoeconomic space — export controls, tariffs, sanctions, FDI screening, subsidies, industrial-policy laws — cross-referenced into the country, minerals, and ETF surface. Charter: docs/IPTM_CHARTER.md.
Severity 1-5 is the qualitative impact rating (1=minor, 5=structural). The bilateral-trade-grounded quant scorer is the next IPTM milestone. RBI (Register Breadth Index) is a complementary structural-breadth indicator from scripts/py/iptm/breadth.py; divergence between RBI and severity is itself informative (high-sev / low-RBI = strategic chokepoint; low-sev / high-RBI = broad but shallow). Every action has at least one primary source URL. Verify-or-don't-file. See also themes, timeline, graph, sankey, map, country exposure, sector exposure, material exposure (+ graph), weekly briefs, portfolio scan, escalation monitor, trans-shipment hubs. Internal triage tools (RSS-poller candidate feed, source-feed health) live under /admin/candidates + /admin/sources. Subscribe via Atom feed (accepts ?country=CN, ?material=lithium, ?issuer=BIS, ?type=export_control, ?etf=SOXX, ?company=NVDA, ?minSeverity=4, ?year=2026, ?q=…) or pull /api/iptm/actions.
The Bank of Zambia formally accepted Chinese renminbi (RMB/CNY) for copper and cobalt mining royalty and tax payments starting October 2025, making Zambia the first African country to establish an official RMB settlement channel for mining fiscal flows. In December 2025 the BoZ began publishing an official RMB-kwacha exchange rate to enable precise royalty and corporate tax calculations. The central bank cited efficiency grounds: Chinese mining companies operating Zambia's largest copper producers already receive export revenues in yuan from Chinese off-takers, making yuan-denominated tax settlement a natural extension that also reduces Zambia's Chinese-debt servicing friction. The policy embeds Chinese currency infrastructure into the sovereign fiscal architecture governing Zambia's copper and cobalt supply chain, deepening structural alignment between Zambia's resource sector and China's commodity-import ecosystem.
Indonesia's Ministry of Energy and Mineral Resources issued Permen ESDM No. 17 of 2025 on procedures for preparing, submitting and approving Work Plans and Budgets (RKAB) and reporting of mineral and coal mining activities. Signed by Minister Bahlil Lahadalia on 30 September 2025 and in force from 3 October 2025, the regulation reverses the 2023 three-year RKAB cycle back to an annual cycle, requires all IUP/IUPK holders to resubmit through the new MinerbaOne digital portal between 1 October and 15 November each year, annuls previously-issued 2026/2027 quotas, and introduces a 5-working-day auto-approval rule. Operationalised by a 2026 nickel-ore RKAB target band of 250–270 million wmt — roughly one third below the 2025 approved quota of ~379 million wmt — explicitly framed as a price-management and conservation instrument. First clear use of the RKAB framework as an explicit market-management lever rather than a domestic-licensing tool.
Presidential Decree No. 693 of 30 September 2025 ("On certain particularities of the sale of property held in federal ownership"), signed by Vladimir Putin and entered into force on the day of its official publication, creates an accelerated pathway for disposing of federally-owned property in cases determined by a separate decision of the President, where the goal is to ensure the Russian Federation's defence capability and security. Market valuation and the appraisal report must be completed within 10 business days of signing the appraisal contract; PSB Bank JSC (formerly Promsvyazbank, the state-controlled defence-procurement bank) is designated as the sale-organising agent and seller-on-behalf-of-the-state. The Decree also authorises the President to set special features of how Russian legislation on privatisation, joint-stock companies, limited-liability companies, the securities market, banks and competition protection applies to such sales. Expressly framed as a counter-measure to "unfriendly" actions by the United States and its allies; structurally the disposal-mechanism complement to the foreign-asset external- administration and seizure decrees (95/322/520/442) — the fast-track liquidation channel that converts seized or nationalised assets into state-budget cash for defence purposes.
China's State Council promulgated Order No. 818 on 28 September 2025 (effective 1 May 2026), establishing a comprehensive dual-track regulatory framework for biomedical new technologies — defined as techniques operating at the cellular or molecular level not yet clinically applied in China, covering cell therapy, gene editing, CAR-T, stem-cell, xenotransplantation, brain-computer interfaces, and nucleic-acid therapies. The regulation creates two parallel pathways: a traditional NMPA drug/device registration route and a new NHC-supervised clinical-research-to-commercialization track applicable to highly personalised or rare-disease therapies meeting staged safety and efficacy thresholds. Commercialisation under the NHC track is initially restricted to accredited Grade-3A medical institutions without full NMPA marketing approval, potentially accelerating patient access for qualifying technologies by 5–8 years relative to the standard registration pathway.
Italy enacted Legge 23 settembre 2025, n. 132 — "Disposizioni e deleghe al Governo in materia di intelligenza artificiale" — published in Gazzetta Ufficiale Serie Generale n. 223 of 25 September 2025 (atto 25G00143) and entered into force on 10 October 2025. The statute makes Italy the first EU member state to enact a comprehensive national AI law complementing Regulation (EU) 2024/1689 (EU AI Act), designating AgID (Agency for Digital Italy) and ACN (National Cybersecurity Agency) as national oversight authorities under Presidency-of-the-Council-of-Ministers coordination. It sets sectoral rules for healthcare, labour, intellectual professions, public administration and the judiciary; authorises up to €1 billion in state-backed venture capital (via CDP Venture Capital) for AI, cybersecurity and telecoms; creates criminal penalties of up to five years' imprisonment for harmful deepfakes; mandates parental consent for under-14 users; and delegates secondary legislation to the Government across multiple domains.
Türkiye's Ministry of Trade published Tebliğ No. 2025/9 ("İthalatta Gözetim Uygulanmasına İlişkin Tebliğ") in the Official Gazette on 19 September 2025, entering into force 19 October 2025 (30 days after publication). It imposes a forward-looking import surveillance regime on new pneumatic rubber tyres and inner tubes across 15 GTİP lines under headings 4011 (passenger, truck/bus, motorcycle, bicycle and agricultural/forestry tyres) and 4013 (inner tubes), with per-line CIF unit-value reference floors ranging from USD 3/kg (bicycle tyres) to USD 6/kg (steel-braced radial and motorcycle-tube lines). Imports declared below the applicable threshold may only clear customs with a surveillance certificate ("gözetim belgesi") issued by the Ministry's Import Directorate General.
On 17 September 2025 the US Department of Commerce, through BIS, published an interim final rule (90 FR 44767, FR Doc 2025-18015) formally adopting the procedures by which additional automobile parts articles may be added to the scope of the Section 232 25% tariff on automobiles and automobile parts originally imposed by Proclamation 10908 (26 March 2025). The rule, required by the Proclamation to be established within 90 days, codifies four recurring two-week submission windows each year (opening on the first day of January, April, July and October) for inclusion petitions, and obliges the International Trade Administration to issue a public determination memorandum within 60 days of the close of each window. Comments on the interim final rule were due by 3 November 2025; the first inclusions window under the rule opened on 1 April 2026.
On September 10, 2025 FinCEN issued a Geographic Targeting Order (GTO) under 31 USC 5326 requiring money services businesses (MSBs) in designated southwest-border counties and ZIP codes across California, Texas, and (newly added) Arizona to file Currency Transaction Reports (CTRs) on cash transactions between $1,000 and $10,000 — well below the BSA's standard $10,000 CTR threshold. The order ran through March 6, 2026 (180 days, the GTO statutory maximum) and was subsequently extended via the March 10, 2026 expanded GTO (FR Doc. 2026-04641) which retained the $1,000 floor and added inland transit hubs (Bernalillo, Doña Ana, San Juan in NM; Maricopa, Pima in AZ). The September 2025 order modified an earlier March 14, 2025 GTO that had used a $200 threshold and covered a narrower TX/CA strip; the September 2025 modification raised the threshold to $1,000 in response to MSB-industry feedback on operational burden, while extending the geography to include Arizona. Filing deadline is extended from the standard 15 days to 30 days.
The MoEFCC Impact Assessment Division issued an Office Memorandum on 8 September 2025 categorically exempting all mining projects involving atomic minerals (uranium, thorium and the 12 minerals under the Atomic Energy Act 1962), the 30 critical minerals notified by the Ministry of Mines on 28 June 2023, and separately designated strategic minerals from the mandatory public-consultation stage (para 7(i)) of the EIA Notification 2006, invoking the existing national-defence and strategic-considerations clause. Exempted projects will instead undergo comprehensive appraisal by the relevant Sectoral Expert Appraisal Committee (SEAC/EAC) at the central level regardless of project size, bypassing the standard Category-A/B thresholding architecture. The measure was issued in response to formal requests from the Ministry of Defence (MoD) and the Department of Atomic Energy (DAE), and directly accelerates the approval pipeline for the National Critical Mineral Mission (Rs 34,300 crore, 2025-2031).
Republic Act 12253, signed by President Ferdinand R. Marcos Jr. on 4 September 2025, replaces the Philippines' long-standing flat-royalty regime for large-scale metallic mining with a five-tier margin-based royalty (1–5% on income from mines outside mineral reservations; 5% retained inside reservations) layered on a five-tier windfall-profits tax (1–10% on profits above a 30% margin), and ring-fences each mining agreement as a separate taxable entity. The law amends the National Internal Revenue Code (RA 8424) and is projected to raise an additional PHP 25.08 bn over 2026–2029. The new fiscal regime became operative on 17 February 2026, 150 days after effectivity, with DOF-issued IRR.
MIIT, NDRC and MNR jointly issued the Interim Measures for Total Volume Control of Rare Earth Mining and Rare Earth Smelting and Separation on August 22, 2025, the first implementing regulation under State Council Order No. 785. The measures establish annual national production ceilings (for both mining and smelting/separation), distributed directly to designated enterprises at the start of each year, and — in the most novel provision — extend quota controls to rare-earth content in imported raw materials (e.g. Myanmar concentrate, Kazakh monazite, Guinea feedstocks) for the first time. Enterprises must report monthly output against quotas to local authorities and submit the prior month's flow data to an MIIT-operated traceability platform by the 10th of each month.
FinCEN published an order amending the three June 25, 2025 special-measure orders (as previously amended by the July 11, 2025 order, FR doc 2025-12973) prohibiting US covered financial institutions from transmitting funds to or from CIBanco S.A., Intercam Banco S.A., and Vector Casa de Bolsa, S.A. de C.V. — three Mexican institutions designated of primary money-laundering concern in connection with illicit-opioid trafficking under Section 2313a of the Fiscal Year 2024 NDAA. The amendment extends the effective date of all three prohibitions from September 4, 2025 to October 20, 2025, granting US covered institutions an additional ~46 days to wind down correspondent exposures. The underlying primary-money-laundering-concern findings remain intact — only the implementation deadline shifts.
The Mauritius Finance Act 2025 (Act No. 18 of 2025), assented to by Acting President Dharambeer Gokhool G.C.S.K. and gazetted in August 2025, is an omnibus financial-sector statute amending the Companies Act, Financial Services Act 2007, Income Tax Act, Bank of Mauritius Act, and FIAMLA. Its headline provisions are: (i) introduction of a Qualified Domestic Minimum Top-Up Tax (QDMTT) aligned with the OECD GloBE Pillar Two rules, imposing a 15% effective minimum tax on Mauritius profits of MNE groups with consolidated revenue ≥ EUR 750 million; (ii) new fiscal incentives for investments in AI infrastructure and Virtual Asset Service Provider (VASP) licensees; (iii) enhanced beneficial-ownership (UBO) identification and record-keeping requirements under the Companies Act, aligned with FATF Recommendation 24; (iv) tightened substance and economic-presence requirements for Global Business Companies (GBCs); and (v) an expanded AML/CFT administrative- penalty framework under FIAMLA.
Zambia enacted the Income Tax (Amendment) Act No. 10 of 2025 on 8 August 2025, gazetted 19 August 2025, introducing three interlocking fiscal measures. First, a 1% Minimum Alternative Tax (MAT) on annual turnover applies to all companies and partnerships, creditable against standard income tax with a five-year carry-forward — directly raising the floor tax burden on large copper and cobalt mining groups that have historically reported low taxable profits. Second, the 50% annual loss carry-forward cap (previously mining-sector-specific) is universalised, reducing the tax-shelter advantage for capital-intensive mining projects with front-loaded losses. Third, withholding tax on government-securities interest is raised from 15% to 20%.
The FCC adopted a Report and Order (FCC 25-49) on 7 August 2025 — the first comprehensive overhaul of submarine cable landing license rules since 2001 — effective 26 November 2025. The order prohibits Indefeasible Right of Use (IRU) agreements that would give entities from designated foreign adversary countries (China including Hong Kong and Macau, Cuba, Iran, DPRK, Russia, and Venezuela) control over Submarine Line Terminal Equipment (SLTE) on US cable landings, and mandates new annual reporting plus certification/disclosure requirements covering ownership, cybersecurity and physical security plans, and FCC Covered List compliance. The order operationalises the FCC's bifurcated policy package: accelerating legitimate commercial cable buildout while hardening national-security review for foreign-adversary-connected infrastructure.
The Crown Minerals Amendment Act 2025 (Act No. 40 of 2025), receiving Royal Assent on 5 August 2025, reverses the April 2018 Ardern-government offshore petroleum exploration ban by removing the prohibition on new offshore exploration permits beyond onshore Taranaki, re-opening New Zealand's Taranaki, East Coast, and Deepwater basins to international oil and gas investors. The Act simultaneously amends the purpose of the Crown Minerals Act 1991 from "sustainably manage" to "promote" prospecting, exploration, and mining of Crown-owned minerals — a fundamental posture shift from conservation to production. Additional provisions restructure the decommissioning-liability regime by granting the Minister of Resources discretion to re-assign liability to former permit holders, extend the confidentiality period for speculative-prospecting data by six years, and introduce a new Tier 3 permit category for small-scale non-commercial gold mining.
Czech Republic's first standalone federal statute on the resilience of critical-infrastructure entities — Act No. 266/2025 Sb., "Zákon o odolnosti subjektů kritické infrastruktury a o změně souvisejících zákonů" (Critical Infrastructure Act). Transposes EU Directive 2022/2557 (CER Directive on the resilience of critical entities) into Czech law and removes critical-infrastructure regulation from the earlier crisis-management law (Zákon č. 240/2000 Sb.) into a dedicated statute. Covers the 11 CER-Directive sectors (energy, transport, banking, financial-market infrastructure, health, drinking water, wastewater, digital infrastructure, public administration, space, food production-processing-distribution) and obligates designated operators of essential services to conduct risk analyses, implement technical/organisational resilience measures, report incidents to sector-competent authorities, and submit to inspection. Published in the Sbírka zákonů on 4 August 2025; in force 19 August 2025; operator information-obligation deadline 1 March 2026.
Türkiye's Ministry of Trade published İthalatta Gözetim Uygulanmasına İlişkin Tebliğ (No: 2025/4) in Resmî Gazete on 31 July 2025, adding ice-making machines (GTİP 8418.69.00.99.12) to the country's import surveillance mechanism. Imports whose unit customs (CIF) value is below USD 16 per kilogram gross weight require a six-month "gözetim belgesi" (supervision certificate) from the Imports General Directorate before customs clearance; the measure entered into force on 30 August 2025, thirty days after publication. Global Trade Alert logs the intervention as "certainly harmful" and names Belgium, Canada and China among the principal exporters affected. The mechanism does not block imports outright but adds a licensing/documentation step that functions as a de facto minimum-price floor on cheap ice-maker imports, protecting domestic appliance assemblers from underpriced units clearing customs undetected.
Türkiye's Ministry of Trade published İthalatta Gözetim Uygulanmasına İlişkin Tebliğ (No: 2025/3) in Resmî Gazete (Issue 32972) on 31 July 2025, adding sodium gluconate (GTİP 2918.16.00.00.13) to the country's import surveillance mechanism. Imports whose unit customs (CIF) value is at or below USD 1.5 per kilogram gross weight require a six-month "gözetim belgesi" (supervision certificate) from the Imports General Directorate before customs clearance; the measure entered into force on 30 August 2025, thirty days after publication. Global Trade Alert logs the intervention as "certainly harmful" and names China as the principal exporter affected. The mechanism does not block imports outright but adds a licensing/documentation step that functions as a de facto minimum-price floor on cheap sodium gluconate imports. It runs in parallel with a separate Turkish anti-dumping investigation into sodium gluconate from China opened under the Prevention of Unfair Competition in Imports framework (Tebliğ No: 2025/9) around the same period, protecting the domestic producer (Sunar Mısır Entegre Tesisleri) that petitioned for both measures.
Türkiye's Ministry of Trade published İthalatta Gözetim Uygulanmasına İlişkin Tebliğ (No: 2023/2)'de Değişiklik Yapılmasına Dair Tebliğ in Resmî Gazete on 17 July 2025, doubling the unit customs (CIF) reference value that triggers the country's import-surveillance mechanism for photovoltaic cells not assembled into modules or panels (GTİP 8541.42.00.00.00), from USD 85/kg to USD 170/kg. Imports declared at or below the new threshold require a "gözetim belgesi" (supervision certificate) from the Imports General Directorate before customs clearance. The amendment entered into force sixty days after publication, on 15 September 2025. Global Trade Alert logs the intervention as "certainly harmful" and names China and Cambodia as the principal exporters affected. The measure does not block imports outright but raises the price floor below which a licensing/documentation step is triggered, functioning as a de facto minimum-price barrier against underpriced photovoltaic-cell imports — part of a broader push to protect Türkiye's domestic solar-manufacturing base as it scales toward the National Energy Plan's 52.9 GW installed-solar target.
The Joint Committee of the European Supervisory Authorities (EBA, EIOPA, ESMA) published the Guide on DORA Oversight Activities (JC 2025 29) on 15 July 2025, the definitive operational description of how the ESAs will supervise Critical ICT Third-Party Providers (CTPPs) designated under DORA Art. 31. The guide establishes the governance of Joint Examination Teams (JETs), the oversight examination lifecycle (planning, risk assessment, binding recommendations, follow-up), penalty processes of up to 1% of average daily worldwide turnover per day of breach (DORA Art. 35(6)), and lead-overseer assignments (EBA for banking, ESMA for capital markets, EIOPA for insurance). It is authoritative ESA interpretive guidance, not legally binding per se, but constitutes the supervisory playbook CTPPs and their dependent financial entities must plan against.
The Solomon Islands Government introduced the Mineral Resources Bill 2025 to the National Parliament on 14 July 2025, with the stated objective of replacing the Mines and Minerals Act 1990 with a modern, transparent regulatory framework for exploration, extraction, and processing authorisations. The Bill recognises resource-owner communities as active partners in mining, introduces small-scale mining community reserve permits, and expands ministerial powers over mining decisions; civil society groups and resource owners have raised concerns that some provisions reduce community rights relative to the 1990 Act. The Bills and Legislation Committee (BLC) opened a public inquiry on 1 September 2025 with submissions invited through June 2025; as of June 2026 the BLC inquiry is ongoing and the bill has not yet been enacted into law. Severity is rated 1 given pre-enactment status; passage and assent would raise the rating to 3 given Solomon Islands' role as a seabed-mineral moratorium signatory and its terrestrial critical-mineral potential (cobalt, nickel, gold, bauxite).
FinCEN published an order amending the three June 25, 2025 special-measure orders (FR docs 2025-11991, 2025-11993, 2025-11990; 90 FR 27770 et seq.) prohibiting US covered financial institutions from transmitting funds to or from CIBanco S.A., Intercam Banco S.A., and Vector Casa de Bolsa, S.A. de C.V. — three Mexican institutions designated of primary money-laundering concern in connection with illicit-opioid trafficking under Section 2313a of the Fiscal Year 2024 NDAA. This first extension shifts the effective date of all three prohibitions from July 21, 2025 to September 4, 2025 (a 45-day delay), giving US covered institutions additional time to wind down correspondent exposures. The underlying primary-money-laundering- concern findings remain unchanged — only the implementation deadline shifts.
Vietnam's Government adopted Decree 193/2025/ND-CP on 2 July 2025 (effective retroactively from 1 July 2025) as the primary operational statute elaborating the Law on Geology and Minerals No. 54/2024/QH15. The decree decentralises licensing for most mineral categories to provincial People's Committees while preserving central Ministry of Agriculture and Environment (MAE) authority over strategic and critical minerals, including rare earths, gold, uranium, and thorium. It codifies a three-tier Group I/II/III mineral classification, imposes a 100% financial-capacity bond requirement for exploration licences, sets a 40-working-day processing deadline, and defines the closed-enterprise framework that makes Vietnam's 1 January 2026 raw rare-earth export ban operationally enforceable through a Prime-Minister-designated list of licensed enterprises.
Türkiye's Grand National Assembly adopted Law No. 7552 (İklim Kanunu) on 2 July 2025, published in the Resmî Gazete on 9 July 2025 (Issue 32951) and entering into force immediately. The law is Türkiye's first comprehensive climate statute, establishing the legal framework for a national Emissions Trading System (ETS) — pilot phase from 2026, full implementation from 2028 — and creating the Carbon Market Board (Karbon Piyasası Kurulu) to govern allowance allocation and market operations. The ETS is designed for EU Carbon Border Adjustment Mechanism (CBAM) compatibility, materially affecting Türkiye's steel, cement, aluminium, and fertilizer export sectors, for which the EU is the primary market.
Minister of Trade Regulation No. 20 of 2025, signed by Minister Budi Santoso on 30 June 2025 and effective 29 August 2025 (60 days after promulgation), reorganises Indonesia's import regime for chemicals, Hazardous Materials (B2), and a defined set of mining and energy inputs. The regulation revokes Permendag 8/2024 and requires holders of designated importer status (Importir Terdaftar / Importir Produsen) to secure an Import Approval (Persetujuan Impor) plus a post-arrival Surveyor Report (Laporan Surveyor) for an eleven-cluster commodity bundle including lubricant raw materials, cement clinker and cement, rough diamonds, non-pharmaceutical precursors, crude oil and natural gas, nitrocellulose, commercial-industrial explosives, ozone-depleting substances, hydrofluorocarbons, B2, and certain other chemicals (BKT). It is one of nine commodity-cluster Permendags issued the same day under the Prabowo administration's umbrella import-policy deregulation package.
Canada announced on 29 June 2025 that it would rescind the Digital Services Tax Act (originally enacted 20 June 2024) to revive US-Canada trade negotiations after President Trump suspended talks on 27 June, citing the 3% DST on large digital-services revenues as a discriminatory measure against US technology firms. The Canada Revenue Agency halted collection effective 30 June 2025, and legislation to retroactively repeal the Act back to its June 2024 enactment date is to follow, with refunds — plus interest at the standard corporate tax refund rate — to be paid to affected taxpayers including US technology majors.
On 26 June 2025, the Governing Board of Mexico's National Banking and Securities Commission (CNBV), invoking Article 129 of the Ley de Instituciones de Crédito, decreed the temporary managerial intervention of CI Banco, S.A. and Intercam Banco, S.A., replacing their administrative bodies and legal representatives. The measure came one day after the US Treasury's FinCEN designated both institutions (along with Vector Casa de Bolsa) as foreign financial institutions of primary money-laundering concern tied to opioid-trafficking networks, and prohibited certain US fund transmittals to them. CNBV/SHCP framed the intervention as a depositor- and creditor-protection measure to safeguard the two banks' operations against the fallout of the US action; Vector Casa de Bolsa was not included in the CNBV intervention.
On 26 June 2025 President Bola Ahmed Tinubu signed four acts constituting Nigeria's most comprehensive fiscal overhaul in decades: the Nigeria Tax Act 2025 (NTA), Nigeria Tax Administration Act 2025 (NTAA), Nigeria Revenue Service (Establishment) Act 2025, and Joint Revenue Board (Establishment) Act 2025. The NTA consolidates and repeals six core statutes — CITA, PITA, PPTA, VAT Act, CGT Act, and Stamp Duties Act — into a single unified code effective 1 January 2026, while the NTAA standardises assessment, filing, and enforcement procedures across all federal taxes. The two establishment acts restructure the Federal Inland Revenue Service (FIRS) into the Nigeria Revenue Service (NRS) with a broadened mandate and create an empowered Joint Revenue Board to coordinate federal-state fiscal relations.
The National Assembly of Vietnam passed the Personal Data Protection Law (Luật Bảo vệ dữ liệu cá nhân), Law No. 91/2025/QH15, on 26 June 2025; it enters into force on 1 January 2026. The PDPL is Vietnam's first statutory (rather than decree-level) personal-data-protection framework, elevating the prior Decree 13/2023/ND-CP (PDPD) regime into a 5-chapter, 39-article primary statute and adding revenue-based administrative penalties of up to 5% of prior-year annual revenue for cross-border data-transfer violations and up to 10x illegal gains for unlawful data trading. The law is implemented by Decree 356/2025/ND-CP (issued 31 December 2025, effective 1 January 2026) and applies extraterritorially to foreign organisations offering services to or processing the personal data of Vietnam residents.
On 25 June 2025 the European Commission adopted COM(2025) 335 final, a proposed Regulation establishing a single market for space activities — the first EU-level framework harmonising the authorisation, registration and supervision of space activities across Member States, replacing 13 fragmented national regimes. The Act rests on three pillars: safety (mandatory tracking of space objects, space- debris mitigation rules, an EU registry of space objects), resilience (cybersecurity requirements scaled to company size and risk profile) and sustainability (environmental impact assessment and active debris-removal R&D). It applies to both EU and non-EU operators providing space services in Europe, giving it extraterritorial reach over SpaceX/Starlink, Amazon Kuiper, OneWeb, Chinese SatNet/G60 and ISRO. The proposal is being negotiated under the ordinary legislative procedure; the Competitiveness Council of 9 December 2025 broadly endorsed its objectives, and the public consultation closed on 7 November 2025.
Malaysia's Ministry of Finance gazetted the Customs (Prohibition of Imports) (Amendment) (No. 2) Order 2025, amending the Customs (Prohibition of Imports) Order 2023 (P.U. (A) 117/2023) issued under subsection 31(1) of the Customs Act 1967. The order imposes an absolute prohibition, effective 31 December 2025, on importing dummy buckles, seat-belt alarm stoppers, seat-belt clip extenders, or any other accessory or device designed to be inserted into a seat-belt buckle to disable or bypass the seat-belt safety reminder and render the mechanism inoperative. The ban applies to all countries of origin without exception; Global Trade Alert lists Belgium, China and Czechia as principally affected exporters of the trade-catalogue category covering these parts.
Nigeria's Mining Cadastral Office (MCO) revoked 1,263 mineral titles — comprising 584 exploration licences, 65 mining leases, 144 quarry licences, and 470 small-scale mining permits — after holders failed to pay annual service fees. A gazette notice was published on 19 June 2025, opening a 30-day cure period; following Remita-payment reconciliation, final revocations were executed in September 2025. The action brings total mineral titles revoked under the Tinubu–Alake administration to approximately 3,794, signalling systematic enforcement of the compliance framework set out in the 2023 7-Point Agenda.
DGFT Notification No. 19/2025-26, issued 17 June 2025 under sections 3 and 5 of the Foreign Trade (Development and Regulation) Act 1992 and the Foreign Trade Policy 2023, reclassifies all of Customs Tariff Heading (CTH) 2843 — colloidal precious metals, inorganic or organic compounds of precious metals, and amalgams of precious metals, covering gold, silver, platinum, rhodium and palladium forms (ITC-HS codes including 28431010 colloidal gold, 28431020 colloidal silver, 28432100 silver nitrate, 28433000 gold compounds, 28439011 sodium aurous thiosulphate, 28439012 noble-metal solutions, and 28439020 amalgams) — from "Free" to "Restricted" import status. Importers now require DGFT prior authorisation per consignment; the stated purpose is to close a route for importing gold disguised as chemical compounds. Genuine industrial and manufacturing users (electronics, electrical, and specialised chemical industries) remain able to import against an authorisation, so the measure targets bullion arbitrage rather than input-supply continuity. It was issued the same day as, and as a companion measure to, DGFT Notification No. 18/2025-26 (gold-bearing PGM alloys, CTH 7110), filed separately as 2025-06-17-india-dgft-pgm-alloys-import-licensing.
DGFT Notification No. 18/2025-26, issued 17 June 2025 under the Foreign Trade (Development and Regulation) Act 1992, reclassifies alloys of palladium, rhodium, and iridium containing more than 1% gold by weight (ITC-HS codes 71102100, 71102900, 71103100, 71103900, 71104100, 71104900) from "Free" to "Restricted" import status, requiring DGFT prior authorisation per consignment. Unwrought or powder-form palladium, rhodium, and iridium below the 1% gold threshold remain freely importable. The measure extends an earlier platinum-alloy restriction (Notification No. 60/2024-25, 5 March 2025) to the full Customs Tariff Heading 7110 at the 4-digit level, closing a route for importing gold in disguised alloy form.
On 16 June 2025 the Tribunal de Commerce de Bamako issued an order placing Barrick Mining's Loulo-Gounkoto gold complex — one of the world's top-10 gold producers at ~720 koz/yr — under provisional state administration for six months, appointing expert-comptable Soumana Makadji as provisional administrator and tasking state mining holding SOREM-SA with operational oversight. Barrick immediately filed for ICSID arbitration and provisional measures. Operations restarted under state management in Q3 2025. A negotiated settlement dated 24 November 2025 saw Barrick pay approximately USD 430 million to Mali to resolve all disputes; provisional administration was terminated and full operational control returned to Barrick in December 2025.
On 13 June 2025 the Ministry of Environment (MoE) and the Ministry of Mines and Energy (MME) jointly issued Interministerial Prakas No. 4838, amending Cambodia's environmental-impact-assessment classification rules for all construction and mining business projects. The Prakas mandates that all businesses conducting construction and mining projects — including artisanal enterprises (investment <USD 50,000) and small-scale enterprises (USD 50,000–250,000) previously outside the formal EIA architecture — must sign an environmental-protection letter and file it with the MME prior to commencing operations; no project may operate in areas designated off-limits by the MME. The first joint MoE+MME prakas on environmental compliance extends Cambodia's EIA architecture to the full spectrum of mining-sector operators, building on the Environmental and Natural Resources Code (June 2023) and Prakas No. 8 (February 2024, EIA consulting-firm accreditation standards), and cross-references Prakas No. 3591 (May 2025) for the investment-size classification thresholds.
On 11 June 2025 the Peruvian government published Decreto Supremo N° 003-2025-IN in El Peruano, approving the Estrategia Nacional para la Reducción e Interdicción de la Minería Ilegal en el Perú al 2030. Issued by the Ministerio del Interior (MININTER) and coordinating 17 public institutions, the strategy establishes six specific objectives to dismantle the full criminal chain of illegal mining — from unauthorised extraction through commercialisation of illegally-sourced minerals — across four critical intervention phases. It is institutionally distinct from the parallel MINEM-administered REINFO formalisation track (DS 009-2025-EM + Ley 32537), targeting unregistered illegal operations via PNP, Fiscalía, SUNAT, MINAM, and regional governments, with PCM as the strategy-steering body and a 2030 horizon.
On 4 June 2025 the Verkhovna Rada adopted Law No. 4473-IX, amending the Customs Code of Ukraine to exempt from import (customs) duty goods brought into Ukraine's customs territory for security and defence needs. The law entered into force on 15 June 2025. Coverage includes optical fibre and fibre-optic cable imported by enterprises for the manufacture or repair of unmanned aerial systems (drones) and other defence equipment, as well as materials supplied to the Armed Forces of Ukraine and other authorised defence entities, removing a cost input for Ukraine's wartime domestic drone-manufacturing base. A companion law, No. 4474-IX, grants a parallel VAT exemption for the same import category.
On 4 June 2025 the Verkhovna Rada adopted Law No. 4474-IX, amending subsection 2 of section XX ("Transitional Provisions") of the Tax Code of Ukraine to exempt from value-added tax the import into Ukraine's customs territory of goods for security and defence needs, including optical fibre and fibre-optic cable used in the manufacture and repair of unmanned aerial systems (drones). The law entered into force on 15 June 2025. It is the VAT-side companion to Law No. 4473-IX (filed separately), which grants the equivalent customs-duty exemption for the same import category — the Rada split duty relief and VAT relief into two parallel statutory amendments passed the same day.
Bangladesh's National Board of Revenue gazetted SRO 225-Ain/2025/48/Customs and SRO 226-Ain/2025/48/Customs on 29 May 2025, revising the minimum customs valuation (tariff-value) floors used to assess duty on a range of imported consumer and industrial goods, effective 2 June 2025. The amendment raised minimum import values for chocolate and cocoa-containing food preparations, removed the minimum-value floor for base oil used by petroleum processing/blending industries, and adjusted floors — mostly downward — for soap and other cleaning preparations and a handful of additional product lines. Minimum-value schemes set a customs-assessable price floor per unit regardless of the invoiced transaction value, so a higher floor functions as a de facto increase in the duty base (and hence landed cost) for under-invoicing-prone product categories, while a removed or lowered floor eases the duty base for the affected goods.
Hong Kong enacted the Inland Revenue (Amendment) (Minimum Tax for Multinational Enterprise Groups) Ordinance 2025 (Ordinance No. 21 of 2025), gazetted on 6 June 2025 after the Legislative Council passed the Bill on 28 May 2025. The Ordinance inserts Part 4AA and Schedules 61–64 into the Inland Revenue Ordinance (Cap. 112), implementing the OECD/G20 Pillar Two GloBE rules for MNE groups with consolidated annual revenue ≥ EUR 750 million in at least two of the four preceding fiscal years. It introduces a 15% Income Inclusion Rule (IIR) and the Hong Kong Minimum Top-up Tax (HKMTT) — a Qualified Domestic Minimum Top-up Tax (QDMTT) — effective for fiscal years beginning on or after 1 January 2025; the Undertaxed Profits Rule (UTPR) is deliberately deferred to a date to be specified by gazette notice, completing a structurally phased Pillar Two architecture. IRD estimates additional revenue of approximately HKD 15 billion per year from 2027–28.
Law n° 014/2025 of 27 May 2025 amends Rwanda's Income Tax Law (Law n° 027/2022) by doubling the capital gains tax (CGT) applicable to transfers of securities — explicitly including mining licences — from 5% to 10%, effective upon gazette publication on 29 May 2025 (some provisions from 1 July 2025). The amendment expands CGT coverage beyond share transfers to encompass direct mining licence transfers, debt instruments, options, and guarantees. By raising the exit-tax on mineral-asset disposals, the law increases financial friction on speculative licence flipping and reinforces Rwanda's beneficiation-first framework across its 3T (tin, tantalum, tungsten) and gold mining sectors.
Guinea's Mines Minister Bouna Sylla announced on 26 May 2025 the cancellation of 129 exploration permits for gold, bauxite, and diamonds that had expired between 2012 and 2024 and were held by non-compliant companies that had not fulfilled their statutory obligations. The measure is the fourth wave of post-coup mining cadastre cleanup under the CNRD/Doumbouya administration and follows two presidential decrees and a prior ministerial ordinance. Major affected operators include AngloGold Ashanti's Siguiri gold-mine exploration blocks, four gold permits held by Endeavour Mining, and Guinea Alumina Corporation's Nomba bauxite block; Axis International separately filed a USD 28.9 billion ICSID arbitration claim over bauxite-permit revocation in the same wave.
The Hong Kong Legislative Council passed the Stablecoins Ordinance (Cap. 656) on 21 May 2025 (third reading), brought into operation by the Secretary for Financial Services and the Treasury on 1 August 2025. The Ordinance introduces a mandatory licensing regime administered by the Hong Kong Monetary Authority (HKMA) for any person who issues a fiat-referenced stablecoin (FRS) in Hong Kong, issues an HKD-pegged stablecoin anywhere in the world, or actively markets such issuance to the Hong Kong public. Key requirements include minimum HK$25 million paid-up capital, segregated pools of high-quality liquid reserve assets fully backing circulating supply, mandatory redemption-at-par rights for holders, AML/CFT controls, and broad HKMA enforcement powers including licence suspension, revocation, and financial penalties. A six-month transitional period for existing operators expires 31 January 2026.
Japan's National Diet passed a partial amendment to the Pharmaceutical and Medical Device Act (PMD Act / 薬機法) on May 14, 2025, promulgated as Law No. 37 of 2025 on May 21. The amendment requires every Marketing Authorization Holder (MAH) to designate a Supply System Manager responsible for reporting supply disruptions to MHLW, and grants MHLW authority to order replacement of key quality personnel when systemic deficiencies are found. It also reforms GMP oversight to a risk-based inspection model and expands the conditional-approval pathway for rare disease and paediatric drugs. Enforcement is staggered across three tranches: November 2025, May 2026, and final full implementation by May 2027.
Peru's Ministry of Energy and Mines published Decreto Supremo N° 009-2025-EM in El Peruano on 18 May 2025, approving the implementing regulation for Law 32213 (Dec 2024). The decree operationalises the extension of the REINFO mining-formalisation registry deadline through 30 June 2025 (extendable +6 months), reaffirms MINEM as the rector authority over the small-scale and artisanal mining (MAPE) formalisation process, and creates SIPMMA — the Sistema Interoperable de Pequeña Minería y Minería Artesanal — as a state interoperable system for operational traceability of minerals, explosives, chemical inputs and controlled products. A controversial Article 10 had also opened a "REINFO hereditario" path allowing succession transfer of registry inscriptions; that provision was derogated two weeks later by DS 010-2025-EM (1 Jun 2025) under domestic and international anti-illegal-mining pressure.
Switzerland's State Secretariat for Economic Affairs (SECO) and the US Treasury Office of Foreign Assets Control (OFAC) signed a Memorandum of Understanding on 9 May 2025 (jointly published 16 May 2025) establishing a framework for information-sharing, coordinated investigations, designated points of contact, regular bilateral meetings, joint training, and exchange of technical expertise on sanctions enforcement. The MoU is not legally binding and neither side is obliged to share information, but it formalises an enforcement-cooperation channel that previously operated only ad-hoc. It is the first sanctions-enforcement MoU Switzerland has concluded with a third country (the US has a comparable arrangement with the UK's OFSI), and SECO has indicated more such MoUs will follow.
Vietnam's Ministry of Industry and Trade (MOIT) issued Decision 1231/QĐ-BCT on 5 May 2025, setting a maximum price of USD 0.093/kWh (approx. VND 2,430/kWh) for electricity imported from China through Vietnam's national grid. The decision implements the price-framework procedure established by MOIT Circular 09/2025/TT-BCT (effective 1 February 2025), which set out the process for building and approving generation and import price frameworks. Vietnam Electricity (EVN) must negotiate purchase contracts with Chinese suppliers within this ceiling "to economize on electricity purchase costs" (Article 2 of Decision 1231).
The Bureau of Industry and Security issued an interim final rule ("Adoption and Procedures of the Section 232 Steel and Aluminum Tariff Inclusions Process," 90 FR 18780, RIN 0694-AK13) adopting the procedural framework directed by Proclamations 10895 and 10896 of 10 February 2025 for adding derivative steel and aluminum articles to the scope of the 25% Section 232 duties. Eligible US producers and industry associations may submit inclusion requests during three two-week windows per year (opening in May, September and January); BIS evaluates each request on a sixty-day clock and publishes a determination memorandum granting or denying inclusion. The rule replaces the legacy product-exclusions architecture with a domestic-producer-driven inclusions architecture, structurally expanding the perimeter of covered tariff lines over time.