The Asia Briefing Weekly Round Up
All of Asia on One Website
Monday, November 16, 2020.
Today we have launched our new Asia Briefing Weekly Round Up, designed to provide our ASEAN readers keep up to date with developments elsewhere in Asia. A complimentary subscription to this service can be obtained here.
This week’s latest news:
Huge FTA market of 2.2 billion ushered in: no immediate further tariff reductions but mutual acceptance of professional qualifications opens up the doors for services sectors, while rules of origin are now standardized across the bloc, motivating investment into Cambodia, Laos, and Myanmar.
Russian President Vladimir Putin will host the Heads of State of Brazil, China, India, and South Africa via videoconference tomorrow for the annual BRICS 2020 summit. We examine their strategic vision.
Policy priorities revealed at the Fifth Plenum offer insights on what industry and businesses can expect from China’s 14th Five Year Plan in March 2021.
India extended production-linked incentives for 10 key sectors, including automotive, food processing, and white goods to boost manufacturing and exports.
India and Russia want to boost their bilateral trade, which is why an India-EAEU FTA has become a priority project for both countries.
We discuss China’s investment appeal going into 2021 and why the country is once again a top choice for foreign companies despite the pandemic.
Multinational firms planning their 2021 investment budgets should consider India with its large competitive workforce and massive middle-class consumer market. We provide cost comparisons and market analysis.
ASEAN is a market of 600 million people and has the world’s third-largest labor force. It is projected to become the fourth-largest economy by 2030 with domestic consumption doubling to US$4 trillion.
ASEAN Trade with Russia is increasing, while Singapore and Vietnam have recently signed trade agreements. Russia’s Eurasian Economic Union exports are up 43%. Favorable tax and free trade incentives and membership of BRICS with a middle-class consumer base of 50 million provide cause for optimism.