#asiatrade

OFFICIAL CHINA TRADE DATA REPORT: Global Trade in 2020 Rebounded After Spring Slump

GTDW FDI Trade & Supply Chain Digitalisation News

Jan 15, 2021
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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Global Economy Being Redrawn By Chinese Export Boom

GTDW FDI Trade & Supply Chain Digitalisation 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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ASEAN and EU's new online Customs Transit System set to boost trade in the ASEAN region

GTDW FDI Trade & Supply Chain Digitalisation News

Dec 3, 2020
2 min

ASEAN and EU's new online Customs Transit System set to boost trade in the ASEAN region

The private sector in ASEAN now has access to a powerful new online system, the ASEAN Customs Transit System (ACTS), which will reduce intra-ASEAN trading challenges and enable companies to benefit fully from the ASEAN Economic Community (AEC) and the free movement of goods across the ASEAN region. In 2017, ASEAN Economic Ministers set the twin goals of reducing trade transaction costs by 10% by 2020 and doubling intra-ASEAN trade between 2017 and 2025. To realise this goal,

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Why China Is Creating a New Asia-Pacific Trade Pact: QuickTake

GTDW FDI Trade & Supply Chain Digitalisation News

Nov 24, 2020
2 min

Why China Is Creating a New Asia-Pacific Trade Pact: QuickTake

First President Donald Trump withdrew the U.S. from a 12-nation, pan-Pacific trade deal known as the TPP. Then Prime Minister Narendra Modi pulled India out of another regional grouping led by China known as the RCEP. In both cases, protectionism played a part; in both cases, the show went on without them. With the 15-country RCEP deal now signed, the question is what the impact will be on American and Chinese efforts to boost their clout -- and business -- across Asia. 1. Wh

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New Asian trade bloc could help boost post-pandemic investment - UNCTAD

GTDW FDI Trade & Supply Chain Digitalisation News

Nov 24, 2020
3 min

New Asian trade bloc could help boost post-pandemic investment - UNCTAD

The Regional Comprehensive Economic Partnership agreement comes at a time of major upheaval caused by COVID-19 and could help revive economic growth. A new mega Asia-Pacific trade bloc has the potential to help fuel investment in the wake of the COVID-19 crisis, especially in poorer economies in the region, according to an UNCTAD report. Signed on 15 November, the Regional Comprehensive Economic Partnership agreement (RCEP) unites 15 countries, including China, Japan, Austral

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What is RCEP and what does an Indo-Pacific free-trade deal mean?

GTDW FDI Trade & Supply Chain Digitalisation News

Nov 12, 2020
2 min

What is RCEP and what does an Indo-Pacific free-trade deal mean?

The world’s biggest free-trade agreement by population and GDP will bring huge tariff cuts for its Asean and Pacific Rim signatories, including China But the agreement is less open and comprehensive than the 11-member CPTPP, which involves some of the same countries along with the United States When leaders from 15 countries in the Indo-Pacific region meet for a virtual summit on Sunday, they are expected to sign a free-trade agreement that, measured by population and GDP, is

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China and 14 other nations ready to sign RCEP, world’s largest trade deal

GTDW FDI Trade & Supply Chain Digitalisation News

Nov 12, 2020
2 min

China and 14 other nations ready to sign RCEP, world’s largest trade deal

The Regional Comprehensive Economic Partnership is expected to be signed this weekend during video meetings hosted by Asean In the absence of the US from trading blocs, China seeks opportunities to write regional trade rules, say observers China is expected to sign a mega regional trade deal with 14 other countries in the Asia-Pacific region this weekend, wrapping up a major agreement before the next United States administration comes into office, Chinese officials said on We

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OFFICIAL CHINA TRADE DATA: China Ramps up Exports to EU, US Hampered by Covid - October 2020

GTDW FDI Trade & Supply Chain Digitalisation News

Nov 9, 2020
3 min

OFFICIAL CHINA TRADE DATA: China Ramps up Exports to EU, US Hampered by Covid - October 2020

We are pleased to share the October China Preliminary Data from our partners Trade Data Monitor, summarised by John Miller. For a copy of 'October Preliminary China Trade Data' feel free to email andrewk@kwconfex.com Trade Data Monitor Partner APAC China maintained its strong 2020 export performance in October, buoyed by a summer of consumer spending in the U.S. and Europe after a locked-down spring. Overall, outbound shipments increased to $237.2 billion, up 11.4% compared t

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New policies boost cross-border e-commerce in China amid pandemic

GTDW FDI Trade & Supply Chain Digitalisation News

Nov 5, 2020
2 min

New policies boost cross-border e-commerce in China amid pandemic

Cross-border e-commerce in China is on track for growth this year despite global lockdowns that constrained shipping capacity and supply chain operations in the early months of the COVID-19 pandemic. China has put forward new measures in facilitating cross-border e-commerce to bolster trade, as retailers are increasingly bringing sales online to compensate for offline losses. The digital economy has been an important driver for post-pandemic trade recovery. China is holding t

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AT THE CENTRE OF FDI, TRADE & INVESTMENT IN ASIA FOR 10 YEARS

GTDW FDI Trade & Supply Chain Digitalisation News

Oct 16, 2020
1 min

AT THE CENTRE OF FDI, TRADE & INVESTMENT IN ASIA FOR 10 YEARS

Asian markets are seeing a robust resilience through the current covid, trade wars & associated economic turbulence. With strong intra regional trade, developing local economies, free trade agreements, booming e-commerce and China +1 Asia Pacific economies offer fantastic opportunities through domestic and international growth but remain complex to access and in many cases language and bureaucratic red tape can be key factors to deter international FDI and market access. We

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Chinese trade grows as others struggle amid pandemic

GTDW FDI Trade & Supply Chain Digitalisation News

Oct 14, 2020
2 min

Chinese trade grows as others struggle amid pandemic

China has recorded strong growth in trade, while other major economies still struggle with the impact of coronavirus. Exports in September rose 9.9%, while imports grew 13.2%, official data show. The rush of imports cut China's usually meaty trade surplus - the amount by which exports exceed imports - to $37bn from $59bn in August. Most other large economies are expected to suffer large contractions as lockdowns and public fear cut spending. But the data suggests a rapid reco

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China has its own '+1' strategy and Southeast Asia is it

GTDW FDI Trade & Supply Chain Digitalisation News

Oct 12, 2020
2 min

China has its own '+1' strategy and Southeast Asia is it

Interesting perspectives on China +1, an often misunderstood economic & trade reality that is based on high value market growth in SE Asia and no longer just based on cheap labour and manufacturing costs. Increasingly, Chinese companies are finding the region an appealing alternative to compensate for their loss in market growth elsewhere, say Dr Lau Kong Cheen and Dr Vanessa Liu. There is a concept among the business community known as the “China Plus One (+1)” strategy wher

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Digitalization and Singapore’s Role as an FDI Hub

GTDW FDI Trade & Supply Chain Digitalisation News

Sep 4, 2020
2 min

Digitalization and Singapore’s Role as an FDI Hub

The COVID-19-induced economic recessions worldwide have put downward pressure on cross-border investments. FDIs in emerging and developing economies in Asia are projected to subside by up to 45 percent in 2020 according to the UNCTAD’s World Investment Report 2020. However, the pandemic has also led to the emergence of a “new normal”, brought about by the reinforcement of digital technology and e-commerce. Prior to the pandemic, emerging Asia was booming and regional corporat

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Australia: A post-pandemic trade revival

GTDW FDI Trade & Supply Chain Digitalisation News

Aug 26, 2020
2 min

Australia: A post-pandemic trade revival

Interesting insights by Shadow Trade Minister Madeleine King from The Interpreter clearly outlining the needs to 'Improve Asia capabilities, Diversify export products & markets & Increase Trade Diplomacy' Albert Einstein once said that “in the midst of every crisis lies great opportunity”. For an open trading nation like Australia, the pandemic is an unparalleled crisis. The nation is facing its worst downturn since the Great Depression, along with recessions in key trading p

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US companies looking to return home from China face significant problems

GTDW FDI Trade & Supply Chain Digitalisation News

Aug 26, 2020
2 min

US companies looking to return home from China face significant problems

“Reshoring was just something nice, a nice idea, mostly for companies that should never have outsourced to a country like China,” The Trump administration wants to reduce American dependence on overseas supply lines by encouraging ‘reshoring’ But returning manufacturers often face old infrastructure, underdeveloped networks and poor labour pools As the United States awakens to its supply-chain vulnerabilities amid heightened pressure on companies to “reshore” from China, it i

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Counterfeit goods surge in Southeast Asia

GTDW FDI Trade & Supply Chain Digitalisation News

Aug 25, 2020
4 min

Counterfeit goods surge in Southeast Asia

By Nick Redfearn, Rouse - COVID-19 has caused some shifts in IP infringement patterns, including magnifying existing trends. As a result of changes in trade, Southeast Asia (the 10 ASEAN nations) have now become China’s largest trading partner[1]. Southeast Asia received over USD350 billion in exports in 2019 and overtook the EU in 2020. Exports to Southeast Asia have been rising every year thanks to China’s Belt & Road initiative. China’s definition of the ‘Road’ is the sea

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PWC Trade Intelligence Asia Pacific June/July

GTDW FDI Trade & Supply Chain Digitalisation News

Aug 19, 2020
1 min

PWC Trade Intelligence Asia Pacific June/July

Insights from customs and trade across the APAC region includes the following highlights: Feature Article: From soba to udon - Are the noodles in the FTA bowl getting too thick? China releases revised export control law for public comment China encourages sales of Processing Trade products into China Impact of US’ order to revoke Hong Kong’s special customs territory status Approved Major Exporter Scheme for Sales Tax in Malaysia Two new Customs Duties Orders under AJCEP and

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BUILDING SUPPLY CHAIN RESILIENCE STARTS AT THE BORDER

GTDW FDI Trade & Supply Chain Digitalisation News

Aug 13, 2020
1 min

BUILDING SUPPLY CHAIN RESILIENCE STARTS AT THE BORDER

Interesting article by Dr. Deborah Elms, Asian Trade Centre, Singapore who we must congratulate for being an incredibly busy advocate for trade in the region during lockdown! I have been asked to speak at multiple online events this week alone on the topic of “supply chain resilience.” It’s not just supply chain professionals and business leaders worried about how to ensure that chains can bend, but not break, and handle the current and future crises with ease. Increasingly

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Malaysia recorded RM37.4 billion worth of approved investments Q1

GTDW FDI Trade & Supply Chain Digitalisation News

Jul 17, 2020
2 min

Malaysia recorded RM37.4 billion worth of approved investments Q1

KUALA LUMPUR (July 16): Malaysia recorded RM37.4 billion worth of approved investments in the manufacturing, services and primary sectors in the first quarter (1Q) of this year, of which 70.4% or RM26.3 billion comprised direct domestic investment (DDI). In a statement today, the Malaysian Investment Development Authority (MIDA) said the top five sources of foreign direct investment (FDI) were Switzerland with RM2.7 billion investment, Singapore (RM2.1 billion), the United St

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Vietnam lures US$6 billion FDI into industrial parks

GTDW FDI Trade & Supply Chain Digitalisation News

Jun 29, 2020
2 min

Vietnam lures US$6 billion FDI into industrial parks

Nearly US$6 billion in foreign direct investment was poured into Viet Nam’s industrial parks (IPs), processing zones and economic zones (Ezs) in the first half of the year, according to the Ministry of Planning and Investment (MPI). The ministry said Viet Nam attracted 335 FDI projects in the period. The country has welcomed a total of 9,835 with registered capital of $197.8 billion so far. The disbursement capital at IPs and EZs reached 72.3 per cent of the total. Meanwhile,

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