Myanmar Attracts International Investment
By Joshua Gill Jun. 25 – Following U.S. President Barack Obama’s May 17 announcement that the United States would ease its sanctions against Myanmar, some American firms have begun to make efforts to expand into this newly available market. In his speech, President Obama declared that the suspension of the bans on the exportation of […]
Free Trade Agreement between the EU and India Getting Closer?
Jun. 13 – Long-delayed negotiations for the proposed free trade agreement between India and the European Union seem to be gaining momentum again. A ministerial level meeting is slated for June 26 between Commerce Minister Anand Sharma and EU Trade Commissioner Karel De Gucht to take the talks forward.
Why ASEAN Matters For Your China Business
The 2015 Free Trade Agreement will soon kick in. Is your China business ready? Op-Ed Commentary: Chris Devonshire-Ellis May 22 – The term “ASEAN” is cropping up more often these days, yet still many businesses in China are unaware of what it is and why it is gaining in importance. The basic answer is fairly […]
ASEAN and China to Become Top Trade Partners by 2015
Apr. 20 – When taken together as a group, the combined members of the Association of Southeast Asian Nations (ASEAN) will become China’s top trading partners by 2015, according to the China Council for the Promotion of International Trade. Made up of Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand and Vietnam, ASEAN […]
Myanmar Set to Open Up to Foreign Investment
Mar. 28 – The Myanmar government is introducing a new set of regulations expected to promote foreign direct investment into the country. Coupled with the lifting of U.S. sanctions on the existing regime, this move may well spell the beginning of a new chapter in the nation’s development. Long a pariah state and run until […]
China, ASEAN Negotiating Trade in RMB
Oct. 25 – China is negotiating with ASEAN countries over settling trade in Chinese renminbi (RMB), Assistant to the Governor of the People’s Bank of China Jin Qi told reporters Saturday in Nanning during the third China-ASEAN Summit Forum on Financial Cooperation and Development. “It (the agreement) is currently underway, but the exact time for […]
India’s Free Trade Agreements
Apr. 27 – Free trade agreements are normally made between two countries. Many governments, throughout the world have either signed FTA, or are negotiating or contemplating new bilateral free trade and investment contracts. However, there are two types of free trade agreements: namely, bilateral and multilateral. Every customs union, trade common market, economic union, customs […]
Vietnam Exempts Import Tax Under Australia, ASEAN, New Zealand Treaty
Jul. 1 – Vietnam will exempt as much as 90 percent of tax lines on goods imported from Australia, New Zealand and Association of Southeast Asian Nations (ASEAN) members this year. By 2017, Vietnam will remove import tariffs on butter, milk and cheese. Import duties on car components will also be slashed to 5 percent […]
Indonesia Wants to Delay China-ASEAN Pact
Jan. 14 – The Indonesian government has formally lodged a letter to the Association of Southeast Asian Nations (ASEAN) asking for the group’s free trade pact with China to be delayed to January 2011. The deal began this month; imposing zero tariffs on around 90 percent of imported goods including textiles, steel and chemicals. Indonesia […]