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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
- 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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Trade Development 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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Trade Development 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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Trade Development 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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Trade Development News
- Nov 5, 2020
- 1 min
World Bank & WAIPA - State of Investment Promotion Agencies Report
With the growing importance of foreign direct investments (FDI) for accelerating development, to eradicate unemployment and increase exports, many governments around the world have established investment promotion agencies (IPAs) to attract, advocate and facilitate investment in their countries. As often being the first entity contacted by investors and serving as an intermediate between foreign investors and the government, they have one of the key roles in the overall site
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Trade Development News
- Nov 3, 2020
- 1 min
Which countries crumble if their manufacturing industry falls?
Some interesting insights and conclusions on vulnerability in manufacturing by Investment Monitor. The Vulnerability Index looks at which locations would be hit hardest if their manufacturing sector experienced a downturn. Globally, manufacturing has faced a challenging year in the wake of the Covid-19 pandemic. From supply chain breakdowns, workforce restrictions and unprecedented volatility in demand, manufacturing has indisputably been impacted. This has had a ripple effec
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Trade Development News
- Oct 26, 2020
- 4 min
WTO - Members cite role of trade facilitation in ensuring access to goods to tackle COVID-19
The COVID-19 pandemic was a recurring theme at the meeting of the WTO’s Committee on Trade Facilitation on 20-21 October. A number of members highlighted how trade facilitation — and the WTO’s Trade Facilitation Agreement (TFA) in particular — can be used to help authorities ensure that essential goods related to COVID-19 treatments and equipment can cross borders and reach their intended recipients quickly. Several members made presentations during the committee meeting rega
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Trade Development News
- Oct 22, 2020
- 3 min
UNCTAD - Global trade shows frail recovery in third quarter, but outlook remains uncertain
UNCTAD estimates show a 5% drop in world trade in the third quarter of 2020 compared to 2019, an improvement from the 19% decline in the second quarter but insufficient to pull trade out of the red. Global trade recorded a 5% drop in the third quarter of 2020 compared with the same period last year, according UNCTAD’s new Global Trade Update published on 21 October.
This marks an improvement on the 19% year-on-year plunge recorded in the second quarter, and UNCTAD expects the
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Trade Development News
- Oct 16, 2020
- 3 min
CHINESE DEMAND BOOSTS COVID-19 RECOVERY
Latest Official China Trade Statistics from our partners Trade Data Monitor by Lead Economist John Miller China, the world’s most powerful trading nation, this week reported September exports of $239.8 billion, up 9.9% over a year before. The strong performance suggests that the global economy may be recovering from the devastating impact of the Covid-19 pandemic, which has infected over 38 million and killed over a million people around the world. Significantly, imports clim
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Trade Development 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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Trade Development 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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Trade Development News
- Sep 25, 2020
- 2 min
UNCTAD: New Trade and Development Report 2020 Released
Sharing the latest report from UNCTAD on post Covid Trade & Development Covid-19 has served as a reminder that we live in a closely interdependent world that brings opportunities but also carries dangers. It has, just as importantly, shed light on a whole series of pre-existing conditions - from heightened inequality, to unsustainable debt and rampant environmental destruction - that were left unaddressed after the Global Financial Crisis. The world at the end of 2019 was, in
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Trade Development News
- Sep 25, 2020
- 2 min
Asia’s Future Beyond U.S.-China Competition
Excellent article by Evan A. Feigenbaum vice president for studies at the Carnegie Endowment for International Peace Beijing and Washington are competing to set Asia’s rules, norms, and standards. But other countries in the region are increasingly choosing to shape its future themselves. Asia is changing dramatically, but the region’s two most significant powers are losing the plot. China and the United States are racing to the bottom—refracting issues from trade rules to dat
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Trade Development News
- Sep 24, 2020
- 3 min
The relationship between FDI and international trade
Trade and foreign investment are different but related types of transactions that play fundamental roles in the global economy. Foreign direct investment (FDI) and international trade are both drivers of the global economy, facilitating the cross-border transfer of goods, services and capital around the world. Research shows that the relationship between FDI and international trade is often complementary rather than competitive, although they represent different types of tran
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Trade Development News
- Sep 18, 2020
- 2 min
BCG: The $10 Trillion Case for Open Trade
By Pedro Anaya, Natalie Blyth, Ravi Hanspal, Michael McAdoo, Sukand Ramachandran, Krishnan Ramadurai, and Sophie Schram For the past few years, in many parts of the world, a protectionist mindset has been challenging the continuing trend of globalization. This mindset, if it spreads further, could endanger the many benefits of more open international trade—which include allowing multinational supply chains to become more flexible and versatile, giving consumers throughout the
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Trade Development News
- Sep 17, 2020
- 2 min
World Bank: Lessons from Ethiopia and Vietnam - How COVID-19 is transforming global value chains?
Global value chains (GVCs) have powered economic transformation by enabling developing countries to specialize and catalyze growth and job creation. But COVID-19 poses unprecedented challenges to global value chains by disrupting both the supply of goods and also the demand for them. How has the coronavirus pandemic affected firms in developing countries that are engaged in global value chains? How are firms adapting to the new normal? What is the role for policy? “This perfe
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Trade Development News
- Sep 14, 2020
- 2 min
ADB Releases Latest Statistical Report for Asia and Pacific, Updates Database
Asian Development Bank (ADB) today launched the latest edition of its annual statistical report for the region, Key Indicators for Asia and the Pacific 2020, and an update to its online database, Key Indicators Database. Key Indicators 2020 presents a comprehensive set of economic, financial, social, and environmental indicators, including for the Sustainable Development Goals (SDGs), for ADB’s 49 regional members covering the years from 2000 to 2019. A key statistic in the r
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Trade Development News
- Sep 11, 2020
- 3 min
How Should we Future-Proof our Supply Chains?
When the pandemic dies down, trade will become the biggest threat to global supply chains. This will both drive up prices and make resiliency harder to achieve. Accelerated digitalization and uptake of new technologies can help firms find a balance between supply chain resiliency and efficiency. Seven months into the COVID-19 pandemic, businesses of all kinds are devising ways to protect themselves from future shocks by making their supply chains more resilient. In doing so,
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