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Challenges Await the ASEAN Banking Integration Framework

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By Matthew Davis Nov. 4 – Following periods of regional instability resulting from the 1997 Asian financial crisis and the recent global financial crisis, there has been great impetus for establishing a pan-ASEAN banking presence. In promoting such financial integration, the ASEAN nations hope to capitalize on economies of scale, a larger consumer base and […]

Work Permit and Visa Applications in Malaysia

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Oct. 24 – Malaysia has a flexible visa policy that allows a majority of countries to enter without a visa for business trips that do not last longer than 90 days, including foreign nationals from the United States, France, Australia, Brazil, Germany, and the United Kingdom. Nonetheless, it is important to check ahead of time […]

Vietnam Increases Trade Deficit with ASEAN Nations

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Oct. 21 – Vietnam has increased its trade deficit by US$2.13 billion during the first nine months of the current fiscal year as imports from other ASEAN nations rose, according to trade statistics published this month. During this time, total trade turnover between Vietnam and the ASEAN bloc totaled US$29.6 billion, with Vietnamese exports growing […]

ASEAN Meeting Held in Indonesia, Leaders Pledge Inter-ASEAN Support

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Sept. 19 – The leaders of the capital cities within the 10 ASEAN countries have begun to enhance inter-ASEAN relations through increased cooperation in response to preparing for upcoming ASEAN Economic Community (AEC) – an initiative for the creation of a single ASEAN market, which is slated to be complete by the end of 2015 […]

Japan Strengthens Relationship With ASEAN

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Sept. 17 – Japanese leaders have strongly emphasized their intention to further strengthen their relationship with ASEAN as of this year – the 40th anniversary of Japan-ASEAN relations – due to the country’s relatively poor relations with China and South Korea. Displaying the importance that Japan has put on the region, the first three countries […]

Southeast Asia Single-Visa Policy in Development

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Sept. 13 – Vietnamese tourism minister Hoang Tuan Anh and his counterparts from Laos, Cambodia, Thailand and Myanmar convened at a meeting in Ho Chi Minh City this week to discuss a plan for the implementation of a single-visa policy between the countries, which should eventually extend throughout all of the Association of Southeast Asian […]

Positive Outlook in ASEAN for American Companies

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Aug. 29 – According to the 2012/13 ASEAN Business Outlook Survey the majority of U.S. companies operating in the ASEAN region expect to see continued growth in their Asian operations. The survey, conducted by the U.S. Chamber of Commerce and their regional affiliate AmCham Singapore, found that 90 percent of respondents will increase their trade and […]

New Issue of Asia Briefing: An Introduction to Tax Treaties Throughout Asia

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In this issue of Asia Briefing Magazine, we look at the various types of trade and tax treaties that exist between Asian nations. These include bilateral investment treaties and also the meatier double tax treaties and free trade agreements that directly affect businesses operating in Asia.

Report: U.S. Should Prioritize Engagement with ASEAN

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Jun. 26 – With a GDP of $2.2 trillion, ASEAN is made up of over 620 million people spanning the 10 nations of Brunei Darussalam, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand and Vietnam. The region is host to the largest inflows of United States (U.S.) foreign direct investment (FDI) in Asia, and […]

First Round of RCEP Negotiations Conclude

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The first round of negotiations on the Regional Comprehensive Economic Partnership (RCEP) wrapped up on Sunday after being launched by the Association of Southeast Asian Nations (ASEAN) and six free trade agreement (FTA) partners last week.

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