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Asia Briefing publishes articles, magazines, and guides on doing business in Asia.
It has been produced by Dezan Shira and Associates since 1999.
India and Iran have announced that the INTSC will begin running through Armenia instead of Azerbaijan to reach Russia. This is feasible, and more economically attractive. The highways from the Iranian border to Yerevan are already fully funded by ADB, with a new US$2 billion railway line from the Iranian border through southern Armenia to Vanadzor in northern Armenia, built with Indian and Russian capital, connecting with the existing Poti-Tbilisi-Yerevan railway line, from where Indian and Iranian freight can go by ship to Novorossiysk in Russia, Odessa in the Ukraine, or two EU ports at Varna in Bulgaria, and Constanta in Romania
Export processing enterprises (EPEs) in Vietnam are a popular investment vehicle for investors looking at Vietnam as China plus one destination. EPEs offer lower taxes and the government gives incentives for certain product lines. While customs and tax audits for EPEs are stringent, the tax benefits for EPEs compared to traditional manufacturing enterprises make them worthwhile.
The Indonesian government has issued Government Regulation 29 of 2021 (GR 29/2021) an implementing regulation to the Omnibus Law and which makes changes on issues of trade, particularly in areas such as the distribution of goods, exports, and imports, and the activities of foreign investment companies in the retail sector, among others.
India’s textiles sector is driven by the country’s abundant availability of raw materials and labor, with the market size expected to reach US$223 billion this year. The sector is currently in need of foreign investments as it shifts its focus to the production of handloom fabrics, man-made fibers, and technical textiles. To attract foreign investors, the government of India has ensured that 100 percent FDI is allowed without needing any government approval. Various schemes have been introduced to further develop the industrial ecosystem, including industrial parks, skills development, and production-linked incentives.
Indonesia’s parliament has approved the Harmonized Tax Law (HTL), which will overhaul the existing tax structure. Changes include an increase in the value-added tax (VAT) rate, a new carbon tax, scrapped plans to reduce the corporate income tax (CIT), and changes to the topline personal income tax (PIT) rate.
Vietnam recently passed Decree 85/2021/ND-CP on regulating e-commerce activities and platforms in Vietnam. Decree 85 amends and supplements Decree 52 and will impact foreign and local businesses involved with e-commerce platforms. The regulations are meant to regulate the fast-growing e-commerce sector while improving the government’s ability to impose tax obligations on e-commerce service providers.
We examine China’s bid to join the CPTPP, the challenges it needs to overcome to gain membership, and differences between the RCEP and CPTPP agreements.
In an unparalleled first, Chinese President Xi Jinping has reached out to Prince Charles, the future King of the United Kingdom, inviting him to discuss the Sustainable Markets Initiative (SMI) with some of China’s most senior business leaders. The comments came as he gave the opening address via video link at Cop15, the UN Biodiversity Conference being hosted by China. Clarence House has said the prince was invited by President Xi to offer opening remarks in recognition of his work over the last 50 years raising awareness about climate change.
Egypt’s main trading partners are EU countries, which account for 30.3% of its foreign trade turnover, while Arabic countries represent 22.9%. China and Asian trade accounts for 19.6%. Russia exported US$5.77 billion of products to Egypt in 2019, with a wide basket of commodities being sold onto Egyptian markets. Cereals are a large component of Russia’s trade. Egypt exported US$406 million to Russia in 2020, with the bulk of this agricultural produce.
Important covid health silk road report released by Shanghai University, the Shanghai Institute for International Studies & China Investment Research, with goals of enabling BR nations to be vaccine independent by year end 2022 and allowing each country to control the pricing of their vaccines.
In March 2021, Cambodia introduced Sub-Decree 32 which implements a new pension scheme in the country.
The GBA's Wealth Management Connect has finally launched, enabling cross-boundary investment of financial products. Why is the scheme so significant?
We spotlight why locating your export base in Tamil Nadu is a business-efficient decision, from its mature industrial set up, location, and state policies.
Export Processing Enterprises located in EPZs benefit from significant tax exemptions. Vietnam Briefing highlights the preferential policies for investors.