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What Is The Kunming Declaration On Biodiversity And Why Foreign Investors Should Be Interested

2021-10-14
We discuss China’s position on biodiversity conservation and impact on business activity in light of the international adoption of the Kunming Declaration at the first part of the COP15 virtual conference. Negotiations on more concrete proposals will take place in 2022, culminating in the second part of COP15 in April-May. Meanwhile, ‘ecological civilization’ continues to be a buzzword, showing up in President Xi Jinping’s speeches, and a likely indicator that some industries and economic activities may be boosted, if the Chinese government follows through with sustainable development initiatives.

Featured Business News

Silk Road Briefing

Azerbaijani Geopolitics Sees The INSTC Reconnect With Armenia

10/14/2021

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

Vietnam Briefing

A Guide To Export Processing In Vietnam

10/14/2021

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.

ASEAN Briefing

New Trade Regulations In Indonesia’s Import-Export, Distribution And Retail Industries

10/14/2021

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 Briefing

Investing In India's Textiles Sector: Key Points For Foreign Investors

10/13/2021

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.

ASEAN Briefing

Indonesia Passes Major Tax Overhaul Bill

10/13/2021

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 Briefing

Vietnam Passes New E-Commerce Regulations

10/12/2021

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.

The Bigger Picture

China Briefing

China's Bid To Join The CPTPP: Challenges And Comparison With RCEP

10/13/2021

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.

Silk Road Briefing

Prince Charles Discusses The Sustainable Markets Initiative With Chinese Business Leaders

10/13/2021

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.

Russia Briefing

Eurasian Economic Union FTA With Egypt At An 'Advanced Stage'

10/13/2021

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.

Silk Road Briefing

China’s Role In Belt And Road Vaccine Development & The Global Health Silk Road

10/12/2021

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.

Our firm Dezan Shira & Associates provides legal, tax and operational advisory across Asia.
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It has been produced by Dezan Shira and Associates since 1999.

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