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.
China's lending practices have been subjected to a great deal of misinformation over the years. However, China's lending contracts are not much different from those offered by other sovereign creditors. There are differences in that they do not as a matter of unspoken policy seem to be tied to any underlying political criteria, and neither does China make any special exemptions for lower income countries in terms of placing a higher rate of return on loans as a criterion for a higher risk.
Foreigners’ permanent residency in China has been a hot topic in recent years as relevant policies are making the application process more attractive and flexible in first-tier cities like Beijing and Shanghai. China intends to make a regulation integrating all the policies and unify their nationwide implementation rather than continue to have regional and localized polices.
As the fourth wave of the covid pandemic hits Vietnam, the government has issued directives to ensure isolation and maintain production to ensure dual goals of containing the pandemic while ensuring economic activity. While businesses are facing challenges, many have adopted these measures to ensure they can maintain production despite lockdowns and movement restrictions. We examine how businesses can maintain production while looking to the future and adapting to a new normal.
Special economic zones (SEZs) in India are areas that offer incentives to resident businesses. SEZs typically offer competitive infrastructure, duty free exports, tax incentives, and other measures designed to make it easier to conduct business. Accordingly, SEZs in India are a popular investment destination for many multinationals, particularly exporters.
Afghanistan shares a 90 km border with China at the end of the Wakhan Corridor in the northeast of the country and is an important participant in the Belt and Road Initiative (BRI). Afghanistan is home to some of the largest untapped reserves of rare earth metals in the world, which China wishes access to. Afghanistan’s peace and stability is thus of great interest to China.
Thailand and the European Union have agreed to resume negotiations on a free trade agreement, seven years after talks collapsed in 2014. If the two sides complete a deal, it would mark the EU’s third FTA with an ASEAN member state, following agreements with Singapore and Vietnam. An FTA would boost the EU’s access to trade and investment in Southeast Asia’s second-largest economy, while Thai exporters would benefit from lower tariffs.
Russia and North Korea are to resume trade as soon as borders reopen between the two countries, the Russian Embassy in Pyongyang said yesterday. North Korea closed its borders in January 2020.According to Russian customs, trade between the two countries dropped by 10.8% year-on-year to US$42.74 million in 2020.
Discussing the Belt and Road Initiative at a recent webinar, Chris Devonshire-Ellis, Chairman of Dezan Shira & Associates, provided a comprehensive overview which included China and Hong Kong zero tariff trade agreements, preferential treatments for Hong Kong investments into China, and other intelligence regarding upcoming China-BRI free trade areas. That presentation can be viewed in full here.
Although Russia nor any of the EAEU member states are signatories to RCEP, there are indirect ways in which such businesses can access this market through the back door. This is because Russia, and the Eurasian Economic Union have signed Free Trade Agreements with two of the member states of RCEP in Singapore and Vietnam, is negotiating free trade tariff terms with China, has negotiations underway with several other RCEP members and possesses double tax treaty agreements with nearly all the others.
The Belt and Road Initiative is moving from an infrastructure build to a cash flow generator. While goods will in future come from a wider variety of sources than China – such as Vietnam, Indonesia, Pakistan, or Egypt – the infrastructure middleman providing the services will be Chinese. It is a great business model – pretty much sustainable cash-flow revenues all the way – and ultimately paid for by European and other global consumers.
Thailand issued its latest stimulus package valued at 42 billion baht (US$1.3 billion), which provides financial assistance to businesses and people.
A China joint venture is becoming the market-entry strategy of choice for many foreign investors since the COVID outbreak. We list some best practices.
India extends e-filing due dates for specific forms under Income Tax Act, 1961. We list the forms affected and new tax reporting deadlines.
Vietnam reached an agreement with the US regarding its practices on currency, marking an end to the dispute, and for Vietnam no threat of tariffs.