GLOBAL TRADE DEVELOPMENT WEEK
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Trade Development News
- Apr 28
- 1 min
Japan approves world's largest trade deal including China, ASEAN
Japan's parliament approved Wednesday the world's largest free trade deal, signed by 15 Asia-Pacific countries including China and the 10-member Association of Southeast Asian Nations, raising the possibility for the pact to enter into force later this year. The Regional Comprehensive Economic Partnership will create a free trade zone covering about 30 percent of the world's gross domestic product, trade and population. It will be Japan's first trade deal involving both China
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Trade Development News
- Apr 19
- 2 min
Is the faith in special economic zones across emerging countries justified?
Interesting article by Andrés Rodríguez‐Pose from FDI Intelligence. With so many of SEZs popping up around the world, relying on them could be a mistake for emerging economies. There are now more than 5300 Special Economic Zones (SEZs) in the world, 90% of which, according to Unctad, are in developing and transitioning economies. Yet the question that remains is whether the growing army of SEZs is delivering on its objectives. The Shenzhen SEZ in China — established in 1980 —
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Trade Development News
- Apr 7
- 1 min
Which Asian Economies Have the Most Sustainable Trade Policies?
Fantastic insights by Visual Capitalist and Hinrich Foundation on the effects of sustainable trade across Asia: To say that Asia has benefited from international trade is an understatement. By opening its economies to the rest of the world, the region has become a leading exporter in many of today’s most important industries. Trade has also improved Asia’s quality of life, lifting over one billion people out of poverty since 1990. Without the proper controls, however, such ra
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Trade Development News
- Apr 5
- 1 min
Asia FDI, Trade & Investment Intelligence Supporting Economic Recovery
For over 11 years we have been at the centre of FDI, Trade & Investment in Asia: Inbound & Outbound FDI, Trade & Supply Chain Digitalisation, Anti Illicit Trade, Intelligence, Technologies & Market Access from our HQ in Malaysia. KEY SERVICES · Technical Consulting - Donors, Governments & Technologies · In Market Representation · Investment Lead Generation and Investment Outreach (By Region and By Sector) · FDI Consultancy, Marketing & Communications Strategy · Corporate Site
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Trade Development News
- Mar 11
- 1 min
US-China: AmCham China Survey Shows US Firms Optimistic About Market Growth
Only 12 per cent of the 345 US firms surveyed by the American Chamber of Commerce in China said the investment environment was deteriorating This represented the lowest proportion since the question was first introduced in the 2012 survey As China-US relations face some uncertainties, a survey by the American Chamber of Commerce in China (AmCham China) said that most US companies expect a rosy year for their business growth in the world's second-largest economy, citing China'
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Trade Development News
- Mar 10
- 3 min
OFFICIAL JAN & FEB CHINA TRADE DATA REPORT
Exports to U.S., EU Drive China Export Comeback - Official January & February China Trade Data insights from our partners at Trade Data Monitor, authored by Chief Economist, John W Miller For a copy of the latest trade data for China and other countries email: andrewk@kwconfex.com The global economy appears ready for a strong rebound from the Covid-19 pandemic. Shipments from China, the world’s top exporter, increased a whopping 60.6% year-on-year to $468.9 billion over the f
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Trade Development News
- Mar 10
- 2 min
UN’s AI tool helps developing countries win trade deals
Interview with Mia Mikic, former Director of Trade, Investment and Innovation Division, UNESCAP from 'Government Insider' The United Nations’ AI tool gives countries advice for negotiating trade deals. It suggests who to negotiate with, advocates which tariffs to lower, and lays out the benefits of each reduced tariff. This could be a game-changer for nations which lack the resources or experience with negotiations. “In many developed countries you have huge teams of people w
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Trade Development News
- Feb 22
- 1 min
UN: New paperless trade agreement see's 10-30% decline in APAC transaction costs
A new international agreement promoting paperless trade officially took effect on Sunday, which analysts said will further leverage advantages of China's huge market and provide broader market opportunities for all Asia-Pacific members. The Framework Agreement on Facilitation of Cross-border Paperless Trade in Asia and the Pacific, a UN treaty deposited with the Secretary General of the United Nations, consists of 25 articles, mainly covering a trade facilitation policy frame
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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 17
- 3 min
New WTO chief's pile of problems
The coronavirus pandemic, log-jammed trade talks and a long-delayed meeting of member states are just a few of the crises awaiting Ngozi Okonjo-Iweala as she takes the helm of the World Trade Organization next month. The WTO needs a kiss of life -- and fast -- and the first female and first African director-general of the global trade body will have to hit the ground running as she takes on the job in the middle of a major global recession. Here are the four main challenges t
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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
- Feb 8
- 1 min
World Trade Organization looks set to have its first Female & First African leader
Ngozi Okonjo-Iweala Set to Become W.T.O.’s First Female Leader Her path was cleared after Yoo Myung-hee, the South Korean trade minister, announced she was withdrawing from consideration to head the World Trade Organization. Ngozi Okonjo-Iweala, an economist and former finance minister of Nigeria, appears set to become the next director general of the World Trade Organization, with the Biden administration announcing its “strong support” for her candidacy on Friday. She would
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Trade Development News
- Jan 28
- 5 min
WOMEN IN TRADE – A GLOBAL PERSPECTIVE
By Barbara Grunewald OCO Global; On 20 January 2021, history was written when Kamala Harris was sworn in as the first female Vice President of the United States of America. It was a historic and inspiring moment, and there is no better time than now to talk about gender equality and women’s empowerment. It was exactly 5 years ago, in January 2016, that the United Nations’ Sustainable Development Goals (SDGs) came into force, with SDG 5 dedicated to gender equality and the ach
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Trade Development News
- Jan 27
- 2 min
UNCTAD: Global FDI fell 42% in 2020 - New Investment Trends Monitor Released
UNCTAD says uncertainty about the COVID-19 pandemic’s evolution and the global investment policy environment will continue to affect FDI flows in 2021. For developing countries, the prospects for 2021 are a major concern. Global foreign direct investment (FDI) collapsed in 2020, falling 42% from $1.5 trillion in 2019 to an estimated $859 billion, according to an UNCTAD Investment Trends Monitor published on 24 January.
Such a low level was last seen in the 1990s and is more t
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Trade Development News
- Jan 22
- 3 min
Life after COVID: Top 5 tips for Trade Development Agencies
Article by Paul Grossman, Director, US, OCO Global: It was a year ago this month that the World Health Organization (WHO) declared the COVID-19 outbreak a global health emergency. Over the past year, business practices have changed forever, and none more so than those used for international trade. As we look forward to a post-COVID world, governmental agencies devoted to the promotion of international trade should consider the following: “Some exporters are more equal than
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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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