×

Challenges and Solutions for European Businesses in China: Insights From the EU Chamber’s Position Paper 2023/2024

2023-09-20
In our overview of the EU Chamber’s European Business in China 2023-2024 Position Paper, we highlight concerns of European businesses amid an uneven economic recovery, risks emerging from geopolitical issues, and the implementation of policies promising a fair playing field for foreign and domestic firms on one hand, and the public sector and private sector on the other. The Position Paper also makes several recommendations for policymakers to address the challenges identified and possible solutions.

Featured Business News

ASEAN Briefing

Australia Unveils Southeast Asia Economic Strategy to 2040

09/21/2023

By 2040, Southeast Asia is expected to have the world’s fourth-largest economy, with a compound annual growth rate of four percent between 2023 and 2040. The region thus offers opportunities for Australian businesses in a variety of sectors in Southeast Asia ranging from green energy to infrastructure to healthcare. As such, two-way trade could reach A$465 billion (US$302 billion) by 2040, an increase from the current level of A$287 billion (US$186 billion).

India Briefing

Rupees, Rubles, and Cryptocurrencies

09/21/2023

Trade between Russia and India has been increasing, and not just by single digits. In 2022, India displaced Europe as the main buyer of offshore oil from Russia. India increased its imports of Russian oil by a multiple of 16. India began buying Russian oil for UAE dirhams and rubles. Purchases of Russian oil allowed Moscow and New Delhi to quickly overcome the US$30 billion bilateral trade target. We discuss the use of mutual currency settlements and crypto in this complex bilateral trade space.

Middle East Briefing

The UAE – 2022-2024 Foreign Investment Trends – Exclusive Data

09/21/2023

The UAE has provided spectacular economic developments across multiple sectors over the past two years. With a new Middle East and UAE issue of Asia Investment Research (AIR) to be released next week, it is of specific note that in the following areas, the UAE has shown significant growth: Foreign Investment, Infrastructure, Green Energy, Healthcare, Stock Exchanges, M&A and VC activity. Our exclusive report provides new data for investors and analysts alike.

ASEAN Briefing

Establishing a Family Office in Singapore – Latest Issue of ASEAN Briefing Magazine

09/20/2023

Singapore has become the preferred destination for family offices, with over 1,500 family offices by the end of 2022, managing assets worth just over US$66 billion. Singapore’s streamlined business setup process, targeted tax incentives, skilled workforce, and robust legal system that the city-state has transformed into Asia’s family office hub. We discuss the establishment procedures.

China Briefing

China Company Name Registration – New Measures Clarify Standards and Application Procedures

09/20/2023

The market regulator in China has introduced new implementation measures aimed at enhancing clarity regarding company name registration requirements. These measures serve as valuable guidelines for companies, both foreign and domestic, in the selection and registration of trade names. We outline the standards for choosing a company name in China based on the latest guidelines.

India Briefing

Procedure for Registration with India’s Special Value Branch

09/20/2023

India’s Customs department houses a specialized unit known as the Special Valuation Branch (SVB). This unit plays a pivotal role in scrutinizing transactions involving Indian importers and foreign suppliers with close affiliations such as joint ventures, partnerships, or holding-subsidiary relationships. We discuss how customs authorities assess related party transactions and the registration process with the SVB.

The Bigger Picture

Russia Briefing

Putin To Meet Xi At China Belt & Road Initiative Forum In Beijing In October

09/21/2023

The Russian President Vladimir Putin will meet with Chinese President Xi Jinping in Beijing next month, the Kremlin has confirmed. Discussions will take place during the backdrop of the Belt and Road Initiative Forum, the first China has hosted for four years. This year marks the tenth anniversary of the BRI. Russia and China also holding Ministerial level talks in Moscow while bilateral trade is reaching record levels.

Silk Road Briefing

Kazakhstan Launches Export Credit Agency

09/21/2023

Kazakhstan’s Ministry of Trade and Integration has adopted and sent to the Kazakh Senate a draft law on ratification of the Agreement on the establishment of an Export Credit Agency (ECA) and promotion of the export of non-commodity goods such as works and services. The bill has passed the first reading.

Russia Briefing

Russia and Bangladesh: The Trade and Investment Dynamics

09/20/2023

Russia’s turn eastward plays out differently in the relations with developing Asian countries. Most benefit from the Western sanctions imposed on Russia as the latter seeks to alleviate the effects of the unfolding decoupling with the European Union. There are however states whose relations with Russia have faced significant obstacles over the past year. One such example is Bangladesh with its booming economy which had been experiencing an upward trade and investments trajectory with Russia.

Middle East Briefing

Iran's Membership in BRICS - Consequences and Prospects

09/20/2023

Iran's entry into BRICS can be an important factor in helping Tehran in free trade negotiations with the Eurasian Economic Union (EAEU), India, cooperation with economic institutions, and Latin American and African countries. This approach is a step to develop trade with emerging economies, rapid economic growth, opening new markets, and huge foreign investment (FDI) deals in Tehran. We discuss the implications.

Our firm Dezan Shira & Associates provides legal, tax and operational advisory across Asia.
Never miss an update

 

WHO WE ARE

Asia Briefing publishes articles, magazines, and guides on doing business in Asia.
It has been produced by Dezan Shira and Associates since 1999.

ASIA BRIEFING DEZAN SHIRA & ASSOC. ASK US A QUESTION
Back to top