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Trade Development News
- Feb 18
- 2 min
Accelerating Trade Digitalization Amid The Pandemic
A new treaty aims to turn the idea of cross-border paperless trade into a reality Feb 20 marks the entry into force of a new international agreement promoting paperless trade, a timely reminder of how the COVID-19 pandemic has brought digital solutions to regional development challenges into the limelight. Paperless trade across borders has proven an effective way to mitigate trade disruptions since the onset of the crisis, enabling commerce to continue while limiting physica
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Trade Development News
- Feb 18
- 1 min
Can Asean recover this year?
Prior to the pandemic, Southeast Asia had made huge advancements and was forecasted to be the fourth biggest economy by the year 2030. Unfortunately, the Covid-19 pandemic has resulted in economic devastation for Asean, arguably posing the greatest challenge since the region’s formation. However, there are positive signs that Asean can make an economic recovery in 2021. “All Asean nations are involved in the Asean Single Window Live Operation, where trade and cargo flows can
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Trade Development News
- Feb 16
- 2 min
Dentsu Tracking partners KW Group in Asia to support Supply Chain Digitisation & Fight Illicit Trade
We are delighted to announce a new partnership between Dentsu Tracking and KW Group to lead development in the Asia Pacific region. Dentsu Tracking is committed to assist governments and the private sector in the digitisation of supply chains in the region and to support the fight against illicit trade through collaboration with ministries of finance, customs, and enforcement bodies. The company fully supports the regional development of trade digitisation as a driver for eco
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Trade Development News
- Feb 11
- 1 min
UNCTAD Latest Global Trade Update Indicates Strong Recovery in China & East Asia
UNCTAD has published its latest Global Trade Update. The good news is that world trade continued its recovery from the pandemic in the fourth quarter of 2020, and most sectors saw positive growth. The less good news is that although trade in goods rebounded by 8%, services stagnated. And while goods exports from East Asian economies grew by about 12% in Q4 (year-over-year), negative trends continued for goods exported from most other regions. The report also highlights persis
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Trade Development News
- Feb 9
- 3 min
Covid-19, e-commerce fuel illicit trade in Asean: EU-Asean Business Council
SMUGGLED wildlife, cigarettes, counterfeit medicines, substandard personal protective equipment (PPE), and even children's toys that bypass safety checks are among the worrisome goods traded in South-east Asia's illicit markets. The region's counterfeit goods market, excluding fraudulent medicines, is worth around US$35.9 billion annually, according to a 2019 report by the United Nations Office on Drugs and Crime (UNODC). It also costs governments further billions in tax reve
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Trade Development News
- Jan 21
- 3 min
OCO Global & KW Group announce Asia FDI, Trade & Investment partnership based in Malaysia
Leading specialist trade and investment advisory firm OCO Global is further expanding its presence across Asia with the appointment of KW Group, as Associate Regional Partner based in Kuala Lumpur, Malaysia. The new partnership will enhance OCO Global’s presence across the Asia Pacific (APAC) region, supporting existing operations in China, South Korea and Japan, while boosting OCO Global’s footprint across Asia Pacific, including Australia and New Zealand. Joachim Arnold, Ch
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Trade Development News
- Jan 21
- 2 min
China FDI rose to record level in 2020 despite coronavirus, fastest growth rate in five years
Foreign direct investment (FDI) into China rose 4.5 per cent from 2019 to US$144.37 billion last year Investment from the Netherlands and Britain increased by 47.6 per cent and 30.7 per cent, respectively, from a year earlier Foreign direct investment (FDI) into China rose to a record high in 2020 by posing the fastest growth rate in five years despite the disruptions caused by the coronavirus pandemic.
FDI in US dollar terms – excluding financial sectors such as banking, sec
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Trade Development News
- Jan 21
- 1 min
Cambodia To Implement Data Automation Between Tax & Customs Authorities
System will strengthen tax and customs cooperation, enabling instantly the sharing and exchange of data and information, including corporate tax registration, corporate import and export declaration documents, sales and purchase records, as well as other related documents. The introduction of the data automation system represents Cambodia’s optimisation of new technology to strengthen inter-institutional cooperation. Under the automated exchange system, the two tax authoritie
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Trade Development News
- Jan 19
- 2 min
Combating illicit trade in Asia
Pandemic has further exposed weaknesses throughout the region and in the online world that allow shady operators to thrive - Article from Jan 18th Bangkok Post Not only has the Covid-19 pandemic exposed flaws in social and health systems, disrupted supply chains and taken at least 38,000 lives across Southeast Asia, it has also shed light on the growing problem of illicit trade in the region. Smuggling, counterfeiting and related illegal activities rob the global economy of U
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Trade Development News
- Jan 15
- 3 min
OFFICIAL CHINA TRADE DATA REPORT: Global Trade in 2020 Rebounded After Spring Slump
As the world seeks to recover from the devastation of the Covid-19 pandemic, trade data suggests it’s more dependent than ever on the Chinese export engine - Latest December China Trade Data insights from our partners at Trade Data Monitor, authored by Chief Economist, John W Miller - For a copy of December's trade data for China and other countries email: andrewk@kwconfex.com China’s full-year numbers show how global trade was almost crippled by the Covid-19 pandemic during
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Trade Development News
- Jan 8
- 2 min
DIGITAL TRADE IN THE ASIA-PACIFIC: 8 ISSUES FOR 2021 AND BEYOND
The Asian Trade Centre, with generous support from the Hinrich Foundation, has launched a series of papers, Asia in the Digital Economy, to more carefully examine new and emerging issues in digital trade in 2021. Since the public launch of the World Wide Web in 1995, trade has increasingly gone digital. While firms are innovating at a rapid clip to design, develop and deploy digitally-enabled goods and services, governments have struggled to keep up. For the first decades af
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Trade Development News
- Jan 8
- 2 min
The future of FDI: drivers and directions to 2030
UNCTAD's James Zhan identifies the factors that will shape the coming decade in FDI, published by FDI Intelligence Over the past two decades, global value chains witnessed one of rapid growth followed by one of stagnation. The decade to 2030 is likely to be one of transformation for global value chains (GVCs), reshaping the global trade and investment landscape. The pandemic has caused a treble shock of supply, demand and policy. It has a severe impact on FDI and GVCs. I woul
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Trade Development News
- Dec 31, 2020
- 2 min
FDI Trends & Outlook In Asia & The Pacific 2020/2021, UNESCAP
The investment landscape in Asia and the Pacific has become increasingly uncertain and tied to the unfolding of current global and regional political economic risks, such as increased trade tensions, the retreat of multilateralism, and health risks resulting from the COVID-19 pandemic. Together, these risks have disrupted global foreign direct investment (FDI) flows to, from and within Asia and the Pacific. HIGHLIGHTS • Globally, both FDI inflows and outflows started to recov
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Trade Development News
- Dec 29, 2020
- 3 min
Top five trends in FDI to look out for in 2021
Foreign direct investment has been hard hit in 2020, with levels plummeting by 40–50%. Investment Monitor has identified five key trends to keep an eye on in 2021. 1. FDI will continue to struggle in 2021 The UN Conference on Trade and Development (UNCTAD) stated in June 2020 that it is expecting FDI volumes to decline by 5–10% in 2021. Investment will be highly dependent on Covid-19 recovery. The news in December 2020 of new nodes of the virus has dampened hopes that progres
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Trade Development News
- Dec 17, 2020
- 1 min
Ranked: The Most Valuable Nation Brands in 2020
In today’s heavily interconnected world, a country’s reputation can have a big impact on its overall economic prosperity. In fact, a country’s reputation—its brand—is arguably one of its most important assets. A strong nation brand has the power to boost tourism, attract and retain talent, and potentially bring in foreign investment. This graphic uses data from Brand Finance’s Nation Brands 2020 report, which attempts to quantify the reputations of different countries around
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Trade Development News
- Dec 10, 2020
- 2 min
WEF: Should trade continue to be global after the pandemic?
The advantages China offers will not become available closer to home and the costs of reshoring are high and often prohibitive. Opportunities for global trade will be a key area for business growth after the pandemic. Technology is pivotal to solving the lack of transparency in global supply chains. Ten months in, the pandemic still poses a threat to lives and livelihoods in many parts of the world. Among its many impacts are the cracks in our international supply chains, whi
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Trade Development News
- Dec 9, 2020
- 1 min
Asia Pacific FDI, Trade & Investment Newsletter
Trade & investment in the Asia Pacific region has seen significant steps forward in November! RCEP: The signing of the 15 country RCEP trade agreement will shape global economics and politics at a time that intra-asian trade already outweighs that of all other regions the reliance on western markets has lost some significance of late. Global Economy Being Redrawn By Chinese Export Boom: Latest November China Trade Data insights from our partners at Trade Data Monitor, authore
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Trade Development News
- Dec 9, 2020
- 2 min
RCEP: The Future of Trade in Asia
INSIGHTS: Trans-Pacific View author Mercy Kuo regularly engages subject-matter experts, policy practitioners and strategic thinkers across the globe for their diverse insights into U.S. Asia policy. This conversation with Dr. Peter Petri – Carl J. Shapiro professor of international finance in the Brandeis International Business School; non-resident senior fellow at the Brookings Institution and its John L. Thornton China Center; and co-editor of “Toward Northeast Asian Integ
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Trade Development News
- Dec 8, 2020
- 3 min
Global Economy Being Redrawn By Chinese Export Boom
Latest November China Trade Data insights from our partners at Trade Data Monitor, authored by Chief Economist, John W Miller - For a copy of November's trade data email: globaltrade@kwconfex.com What has been building all year exploded into a crescendo in November, as China registered the biggest month of exports in economic history. Buoyed by a rebounding economy as the U.S. and Europe continue to struggle with containing the coronavirus, Beijing reported shipments of $268
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