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.
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).
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.
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.
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.
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’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 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.
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’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.
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.
Australia’s government announced its ‘Southeast Asia Economic Strategy to 2040’ with the aim to deepen the country’s economic and trade engagements with the region.
German FDI in China was near record levels in H1 2023, but bilateral trade fell. What does the data tell us about the future of China-Germany trade and investment relations?
JPMorgan's inclusion of Indian securities in the GBI-EM index is anticipated to bring in investment flows of US$25-30 billion. The phased inclusion begins June 2024.
Japanese Crown Prince Akishino is currently visiting Vietnam to mark the 50th anniversary of diplomatic relations with the burgeoning Southeast Asian nation. With this in mind, the Vietnam Briefing takes a look at how the relationship between these two nations has developed with respect to trade and investment.