Encouraging news from UNESCAP as we head in to 2022 - Foreign Direct Investment Trends and Outlook in Asia and the Pacific 2021/2022 HEADLINES • The COVID-19 pandemic has contributed to the collapse of global foreign direct investment (FDI) flows, which fell 42 per cent from US$1.5 trillion in 2019 to an estimated U$$859 billion in 2020. The most recent data for 2021, however, suggests global FDI flows have already started to rebound, having reached US$852 billion in the fir

As if the foot soldiers of global trade needed more complications this holiday season, many logistics managers and customs brokers are starting to brace for a mini Y2K moment come Jan. 1. That’s when changes will take effect to the official nomenclature for hundreds of product groups used to classify imports and exports. So-called Harmonized System numbers — known as HS codes — exist on more than 5,000 product categories developed by the World Customs Organization, an intergo

Bottlenecks at U.S. ports have raised the alarm about supply chains, but the manufacture and shipping of essential goods from the U.S.’s biggest supplier of goods are operating smoothly, suggesting that supply chain troubles are easing, according to an analysis by Trade Data Monitor, the world’s top source of trade statistics. Exports from China, by far the U.S.’s top supplier of goods for U.S. consumers, increased 27.1% to $300.2 billion in October. Shipments to the U.S. lea

Digital industries, and a comeback of oil and gas, push the fDi Index to 22-month high Global foreign direct investment (FDI) announcements reached their highest level for more than a year in September, as companies serving growing demand for connectivity and technology outlined major expansion plans, while oil and gas investment also made a comeback as energy shortages reveal the need of new capital expenditure (capex) across the energy matrix. The fDi Index, which tracks fo

Trusted Partner of Regulators, Governments, Associations & Enterprise CREDENTIALS 2022 Established in 2010, KW Group Consulting & Events support Asia FDI, Trade Development, Exports & Market Access. We work with regulators, government's and businesses on Asia market access, FDI, trade, policy, export & market intelligence as well as supporting institutional development & alliances in heavily regulated sectors. We have extensive government networks to support investment strate

The final completion of the Regional Comprehensive Economic Partnership (RCEP) has moved one step closer after six ASEAN countries submitted their approval letter for the RCEP on October 28, the Deputy Prime Minister and Commerce Minister of Thailand, Jurin Laksanawisit, said on Monday. Experts said that the latest significant move indicates the final completion of the RCEP could come into effect in January 2022, as scheduled. While the possibilities for the US attempts to di

Four economy-wide factors—governance, education, infrastructure, and trade policy—relate closely to more varied and complex exports across countries As the world’s biggest copper producer, Chile’s shipments of the metal meet around one-third of global demand and represent about half its goods exports. But beyond mining’s dominance, Chile’s trade flows are more varied and complex than they may appear, with significant exports of vehicles, pharmaceuticals and telecommunications

In the ongoing disruption of the global economy, Vietnam is emerging as a clear winner. Its economy is expected to grow by 4.8% of GDP in 2021, according to the World Bank. To be sure, the Covid-19 pandemic has hit Vietnam this summer, after the country was largely successful at curtailing the virus in 2020. That will hurt the country’s second half of 2021, but long-term trends still support Vietnam establishing itself as a major economic power. Crucial to its rise are powerf

As part of our commitment to Asia FDI, Trade, Export and Market Access we are pleased to announce new regional partnerships to support Governments, Chambers and Businesses to access and grow across Asia Pacific: - Missouri Department of Economic Development (USA) - State of Missouri (USA) - Atlantic Canada Chambers of Commerce - Asia Market Development Program (Canada) - Malaysian Investment Development Authority (Malaysia) - OCO Global (UK) - Dentsu Tracking (Switzerland) -

KW Group delighted to support Atlantic Canada Chamber of Commerce, Asia Market Development Program What is the AMDP? The Asia Market Development Program (AMDP) is a powerful advisory and consultation program that is helping Atlantic Canada exporters expand their presence and grow sales in new industry sectors and countries in Asia. The AMDP provides exporters with the in-market expertise and network to quickly identify opportunity and connect with qualified customers. Your co

For all the talk of deepening tensions between the United States and China, there is one area where relations appear to be 'business-as-usual': trade. Official Chinese data show that bilateral trade between the two countries surged in 2021, with China's exports to and imports from the United States reaching $46.9 billion and $14.3 billion in June respectively. “Trade wars between the U.S. and China have not really diverted trade towards other countries,” Keyu Jin, professor o

For decades, export manufacturing has played a critical role in powering remarkable socioeconomic development across Southeast Asia. Yet while several other Asian manufacturing economies have evolved into global leaders in advanced industries and innovation, most of Southeast Asia is still viewed primarily as a location for low-wage assembly work. The ten-nation Association of Southeast Asian Nations (ASEAN) now has a golden opportunity to move up the manufacturing value chai

The 10-member Association of Southeast Asian Nations (ASEAN) and China on Monday celebrate the 30th anniversary of the establishment of their dialogue relations. Since the relations began in July 1991, bilateral trade volume had soared from less than 8 billion U.S. dollars to more than 680 billion dollars last year. With such a strong foundation, the two sides have pledged to enhance cooperation in all sectors to open a new chapter in ASEAN-China common development and prospe

China has made a rapid economic recovery from the Covid-19 pandemic, which seems to have moved European investors from favouring offshoring to rediscovering their appetite for the country. European companies are seeking to increase their exposure in China and move their supply chains onshore in the country, according to a report from the EU Chamber of Commerce in China published in June 2021. The European Business in China Business Confidence Survey 2021 finds that 59% of Eur

Official China Trade Data Analysis by John W. Miller, Chief Economic Analyst, Trade Data Monitor - May 2021 China Preliminary Data by Major Products & by Country/Region Asia is really humming. Chinese exports of goods to top Asian trading partners boomed in May, suggesting that the continent is blowing past Europe and the U.S. in 2021 in the speed and scale of its recovery from the Covid-19 pandemic. Chinese exports to the 10 members of the Association of Southeast Nations, o

Levies now cover about $250 billion a year in goods—down from $370 billion—as U.S. companies shift purchases elsewhere U.S. tariffs have led to a sharp decline in Chinese imports and significant changes in the types of goods Americans buy from China, new data show, with purchases of telecommunications gear, furniture, apparel and other goods shifting to other countries. Nearly two-thirds of all imports from China—or roughly $370 billion in annual goods—were covered by tariffs

Discover in less than one minute the evolution of the world's main trading nations over the last 22 years! Trade has significantly expanded in the last four decades. In 1979, trade represented 36% of global GDP and by 2019 the figure had grown to 60%. This expansion came with changes in the competitive landscape of global trade, and the concomitant rise of the south. The above graphic tells part of this story. For instance, it captures the meteoric rise of China, from the per

China preliminary data for April (release by Major Products & by Country/Region) and below TDM insight by John W. Miller, Chief Economic Analyst - Trade Data Monitor For years, economists marveled at China’s history-shaping growth in manufacturing exports. But as this April’s trade data from Beijing illustrates, it’s time to start paying more attention to the ballooning of shipments to China. Chinese imports in April increased 43.1% year-on-year to $221.1 billion, the biggest

China is perhaps one of the most unprecedented stories of economic development in recent history. In the last 25 years, the country’s economy rapidly expanded, lifting more people out of poverty than anywhere else in the world. But all this wouldn’t have been possible without another outstanding story: the emergence of China from the periphery of world trade to becoming a global trade titan. Genesis of a trade transformation While the rise of China as an export powerhouse be

According to a new report from the Asian Development Bank (ADB) economic growth in developing Asia is set to rebound to 7.3% this year, supported by a healthy global recovery and early progress on coronavirus disease (COVID-19) vaccines, The projected resurgence follows a 0.2% contraction last year, according to ADB’s flagship economic publication, Asian Development Outlook (ADO) 2021, released today. The region’s growth is forecast to moderate to 5.3% in 2022. Excluding the