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

Alibaba Group on Thursday expanded its partnership with Yiwu, a city in China’s Zhejiang province that is home to the world’s largest wholesale market, with plans to digitize a new bonded zone to streamline the flow of cross-border goods in the city as well as provide innovative solutions to help small businesses offset the impact of Covid-19. The comprehensive bonded zone – a classification that offers companies engaged in trade with favorable taxation policies, eased admini

Written by: Pamela Ugaz and Sijia Sun With the unprecedented global spread of COVID-19 in only one month, the World Health Organization has declared the virus a pandemic. The COVID-19 poses a severe global threat, not only substantially impacting people and public health, but also disrupting global trade. Border agencies face the challenge of expediting imports, including donations and emergency relief while ensuring epidemic prevention and providing adequate Customs clearanc

Leaders in Foreign Direct Investment Conway Inc (US) Publisher of Site Selection Magazine since 1954 have appointed Malaysia based KW Group Sdn Bhd to represent and support the growth of Conway across the Asia Pacific region. As part of the largest international organisation dedicated to economic development, FDI and corporate site selection we are delighted to offer a full range of services across Asia Pacific. Services Include: Lead Generation & Virtual FDI Services (Globa

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

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

ABU DHABI, Sheikh Khalid bin Mohamed bin Zayed Al Nahyan, Member of the Abu Dhabi Executive Council, and Chairman of the Abu Dhabi Executive Office, yesterday (May 9), inaugurated the Single Window of Logistics & Trade in Abu Dhabi during a visit to Khalifa Industrial Zone Abu Dhabi, Kizad, a subsidiary of Abu Dhabi Ports. Sheikh Khalid was briefed on development plans in presence of Falah Mohammad Al Ahbabi, Chairman of Abu Dhabi Department of Municipalities and Transport,

As the first country to suffer the impact of the coronavirus, China is leading the way in restarting its economy, and its performance offers some clues to what the U.S. and EU can expect for the rest of the year. To some, China’s performance is a sign of resilience. Markets on Thursday rose to the announcement by China’s General Administration of Customs that exports in April had increased 3.5% compared to the same month a year ago. However, the longer-term outlook is likely

A special issue of UNCTAD's Investment Policy Monitor presents the latest developments in national and international investment policies in response to the coronavirus pandemic. Countries are putting in place a variety of investment policies in response to the coronavirus pandemic, according to a special issue of UNCTAD’s Investment Policy Monitor released on 4 May. Such policies include facilitation and retention of investment, providing incentives, financial support to cris

ICC Secretary General John W.H. Denton AO and WCO Secretary General Kunio Mikuriya say effective trade facilitation – based on international standards – will play a central role in enabling business continuity and renewed economic growth during and post pandemic. This statement calls for a coordinated customs response to the COVID-19 crisis – including through active participation in multilateral efforts and an open dialogue with neighbouring countries. VIEW STATEMENT #GTDWCH

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

The government will reduce trade restrictions and red tape to facilitate the import and export process during the COVID-19 outbreak. Starting April 20, the customs department will reduce customs duties for businesses operating with the Myanmar Automated Cargo Clearance System (MACCS). Paperwork will also be streamlined, with an electronic version of Form D for preferential tariff treatment in Asean to be issued to simplify procedures between all the Asean countries. VIEW ART

The majority of American companies in China have no plans to relocate production or sourcing activities to other parts of the country or abroad due to the coronavirus, a survey showed on Friday. Almost 70% of respondents to the joint survey by the American chambers of commerce in Beijing and Shanghai as well as PricewaterhouseCoopers said they expected their China supply chain operations to return to normal in less than three months and 96% forecast a return to normal within

The spread of the Coronavirus and its impacts have become increasingly visible during the last weeks and affect almost all dimensions of the global economy. Thus, the flow of foreign direct investment (FDI) will not be spared from the repercussions of the COVID-19 pandemic. Recently, the UN Conference on Trade and Development (UNCTAD) published a report stating that COVID-19 “could bring global foreign direct investment flows to their lowest levels since the 2008-2009 financi

Great news from our partners at UNCTAD - In light of the COVID19 pandemic situation, UNCTAD eCommerce Week scheduled to take place late April will be replaced with an online version In these times where digital technologies are growing more and more important considering that so many countries are experiencing some forms of lockdown because of the pandemic, and that several activities (social and business related) are shifting online, we have decided to offer that opportunity

Stay current with all the latest news from our partners at Conway Inc & Site Selection Magazine. VIEW DETAILS #trade #globaltrade #fdi #investment #gtdwchina #Conway #siteselection #freetradezones #investmentpromotion #foreigndirectinvestment #IPA

Top diplomats from 13 countries of a cross-regional network, including Indonesia, Singapore and Canada, have agreed on key principles of keeping transportation links and supply chains open to cushion the impacts of COVID-19 on global trade and economy. Facilitated by Canada, the informal network called the International Coordination Group on COVID-19 (ICGC) consists primarily of half of the G20 countries -- Brazil, France, Germany, Italy, Mexico, South Korea, Turkey and the U

Ports are taking significant strides with digital transformation and starting to declare themselves as “smart”. Processes are digitalised, communities within the port are connected, and impressive gains in operational efficiency, regulatory compliance, and customer satisfaction are emerging, write Hanane Becha, Mikael Lind, André Simha and Francois Bottin. Smart ports, as important nodes in the global supply chain, have the opportunity to establish themselves as logistics inf

In a report published on Tuesday by IMF, the world economy is forecast to shrink 3% in 2020. However, the IMF sees emerging Asia as the one region with a positive growth rate in 2020, at 1%. Vietnam is expected to stay on top of its game with 2.7% while the Philippines and Indonesia are at 0.6% and 0.5% respectively. Full report: https://lnkd.in/e4Gw3St #economy #gtdwchina #trade #investment #fdi #growth #asia #asean #vietnam #malaysia #philippines #thailand #indonesia #globa

GTDW wholeheartedly endorse and congratulate our partners from The World Customs Organisation led by Secretary General Dr. Kunio Mikuriya to lead the coordinated approach across the 180+ members. The WCO Secretariat, in line with its mandate, has published a dedicated webpage to update Members and the general public about WCO’s tools, instruments, recommendations, as well as an HS Classification reference document for COVID-19 medical supplies among others. WCO Secretary Gene