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Trade Development News
- Dec 10, 2020
- 2 min
Singapore, United Kingdom sign free trade agreement
Singapore and the United Kingdom signed a free trade agreement on Thursday (Dec 10) that will “provide continuity and certainty” for businesses in both countries, said Singapore’s Trade and Industry Minister Chan Chun Sing. The FTA was signed by Mr Chan and UK’s Secretary of State for International Trade Elizabeth Truss. The UK and European Union are currently locked in post-Brexit trade deal talks, more than 10 months after the UK left the bloc. Under the UK-Singapore FTA, c
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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 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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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
- 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 4, 2020
- 2 min
Preparing for Future Supply Chain Disruptions: Insights from the Field
Organizations across all industries—from automotive, consumer goods, and pharmaceuticals to transportation, electronics, and oil and gas—have felt the disruptive effect of the coronavirus pandemic. Turning the global supply chain on its head, COVID-19’s impact has cut across multiple facets of international trade, including manufacturing, import/export, logistics, compliance, and supply chain management. This disruption has been a wake-up call for organizations worldwide, pro
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Trade Development 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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Trade Development News
- Aug 17, 2020
- 1 min
AfCFTA: World’s Biggest Free-Trade Pact Targets First Deal in 2021
The first commercial deal under an Africa-wide free trade zone will take place on Jan. 1 as outstanding talks are set to move online, the African Union said. While the African Continental Free Trade Area entered into force legally last year, transactions that were due to start on July 1 were delayed as the virus set back negotiations on the protocol for trade in goods, including tariff concessions. The outstanding negotiations will be finalized through a new African Virtual T
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Trade Development News
- Jul 31, 2020
- 3 min
WORLD BANK - Africa Trade Pact Could Boost Income by $450 Billion, Study Finds
WASHINGTON, July 27, 2020—The African Continental Free Trade Area (AfCFTA) represents a major opportunity for countries to boost growth, reduce poverty, and broaden economic inclusion, a new World Bank report has found. If implemented fully, the trade pact could boost regional income by 7% or $450 billion, speed up wage growth for women, and lift 30 million people out of extreme poverty by 2035. The report suggests that achieving these gains will be particularly important giv
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Trade Development News
- Jul 13, 2020
- 2 min
Vietnam: New immigration law looks to attract investment
Vietnam’s new immigration law includes a new type of visa for foreigners who come to Vietnam to conduct activities as part of international agreements Vietnam has signed. Hanoi (VNS/VNA)- Vietnam’s new immigration law includes a new type ofvisa for foreignerswho come to Vietnam to conduct activities as part of international agreements Vietnam has signed. The change is expected to facilitate the implementation of new agreements that Vietnam has signed such as theEU-Vietnam Fre
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Trade Development 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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Trade Development News
- Jun 24, 2020
- 1 min
APEC: Why Trade is a Critical Response to COVID-19
Interesting insights By Krasna Bobenrieth When COVID-19 first started to garner attention at the beginning of 2020, nobody foresaw the widespread health, economic and social impact it would have. While the world has experienced terrible pandemics before, it’s hard to remember one with such far reaching consequences in our lives, societies and economies, and that affected so many different parts of the world in such a short time. The region has already been experiencing trade
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Trade Development News
- Jun 23, 2020
- 1 min
5 ways to advance digital trade in the post-COVID world
Recommendations by GTDW Speaker Ziyang Fan Head of Digital Trade, World Economic Forum & Mike Gallaher The COVID-19 pandemic has accelerated the adoption of digital technologies and services, which have kept trade flowing even as movement has been restricted. This has highlighted the need to modernize trade rules and reverse the trend of digital protectionism. Modernizing digital trade rules will advance digital trade and create more jobs, human connections and creativity in
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Trade Development News
- Jun 10, 2020
- 1 min
Vietnam - EU free trade deal brings huge economic boost post pandemic
Vietnam ratified a free trade agreement with the European Union on Monday that will cut or eliminate 99% of tariffs on goods traded between the Southeast Asian country and the bloc, and provide Vietnam with a much-needed post pandemic boost. Deputies in the National Assembly, which nearly always ratifies government proposals, voted by over 94% in favour of the European Union Vietnam Free Trade Agreement (EVFTA). The EVFTA, expected to take effect in July, is the European Unio
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Trade Development News
- Jun 2, 2020
- 2 min
Shanghai Free Trade Zone to Pick Up Hong Kong’s US Business if Trump Ditches the Territory
Interesting regional insights on how the next stage of economic developments may play out. Last Friday, US President Donald Trump announced some form of sanctions would be placed on Hong Kong following Mike Pompeo’s announcement earlier in the week that he no longer considered Hong Kong as being autonomous from mainland China. Trump specifically mentioned that the preferential trade nature of the US-Hong Kong Special Policy Act would be reconsidered. I discussed this in the a
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Trade Development News
- Jun 2, 2020
- 1 min
China’s trade with India’s neighbours has grown stronger since 2005. Delhi must catch up
China has established itself as a major trade partner of South Asia. This mainly reflects the region’s strategic importance for China’s Belt and Road Initiative. Despite geographical proximity and the existence of bilateral and multilateral free trade agreements (FTAs), South Asia is one of the least economically integrated regions in the world. Owing to protectionist policies, high logistics cost, lack of political will and a broader trust deficit, intra-regional trade in So
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Trade Development News
- May 12, 2020
- 1 min
Asia: In-Market Representation & Lead Generation For Trade & Investment
How Can You Drive Business In Asia During Lockdown? You recognize the value of having a local presence in Asia to attract international trade & investment, but you can't be everywhere during the current pandemic! KW Group can be your partners, an in-market extension of your local team. Economic Recovery KW Group have a 10 year track record across FDI, trade & investment, in - market representation and market access for the Asia Pacific region from our HQ in Malaysia at the he
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Trade Development News
- Apr 26, 2020
- 1 min
DO YOU NEED ASIA TRADE & INVESTMENT SUPPORT?
Lead Generation, Virtual Site Tours, Webinars, Sales & Marketing Representation, Training & Development across the APAC region? KW Group have a 10 year track record in market access, trade & investment across the Asia Pacific region from our HQ in Malaysia at the heart of Asia. We understand that to establish in the region you need a long term vision and commitment of the highest quality combined with local networks. We support governments, IPAs, free trade zones, technologie
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