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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.
Africa Looks To Expand Its Cooperation With China As 2021 Trade Increases 38.2%. That is now at 30% of what China trades with the EU - and rising. The 8th Forum on China-Africa Cooperation is taking place in Dakar and will set the stage for further increased development.
Singapore is globally renowned as a business-friendly destination that offers a stable socio-political environment, free-market economy, highly efficient infrastructure, and an attractive tax regime. A primary advantage of Singapore is its ability to act as a centerpiece for the holding and management of regional assets. Holding companies are a vital component of any international expansion strategy, and Singapore offers investors a stable environment from which to administer operations in more speculative markets in Asia.
Spurred by increasing smartphone penetration, an expanding internet user base, and rising consumer wealth, e-commerce platforms and online applications have revolutionized the way business is done in India. Estimated to be worth US$85-90 billion in 2020, India’s digital economy is expected to grow about 10 times to reach US$800 billion by 2030. We address concerns about selling merchandise to India’s online market, including choosing the right business model, FDI norms, compliance, tax liability, and relevant regulations impacting e-commerce activity in the country.
China’s rising consumer power plays an important part in the country’s dual circulation strategy and is an engine of global growth in many categories. The Double 11 shopping festival, as the largest and most popular annual global shopping festival in the world – now outselling Black Friday and Cyber Monday combined – serves as a window to observe China’s latest consumer trends.
Businesses in Vietnam need to ensure full compliance with transfer pricing regulations as tax authorities are likely to scrutinize businesses to ensure they meet their targets. The government issued Decree 132 on tax administration for transactions with related parties; the Decree replaces Decree 20 and Decree 68. We outline the procedures and compliance necessary for foreign businesses to be in line with the recent transfer pricing regulations.
Shanghai has decided to extend local extra maternity leave from 30 to 60 days, which will increase female employees’ total maternity leave to 158 days. The city has also begun offering childcare leave to couples with children under the age of three for the first time. Businesses in Shanghai should adjust their HR policies accordingly.
Nigeria, which is a member of the Africa Continental Free Trade Area (AfCFTA) is able to source raw materials and components from across Africa, marry them with Russian parts in Special Economic Zones and then either re-sell them back onto the African market or export them back to Russia. Nigeria gains from acquiring Russian technologies which help it improve its industrial base, while Russia gains access to pan-African competitive sourcing and competitive production costs.
Guinea-Bissau is a member of the African Continental Free Trade Agreement (AfCFTA) which has eliminated border tariffs between African nations. That means pan-African sourcing can take place with goods consolidated into one area for processing and assembly. A Special Economic Zone to assist with this is currently being established in the capital city, Bissau, which has port facilities.
Eritrea is strategically important as it has access to the Red Sea, the Suez Canal and to Europe, as well as to waters in the Arabian Gulf and on towards the Indian Ocean.
Those wonderful Uzbek melons, considered the tastiest in the world by this correspondent, will be heading to supermarkets up and down the country soon. Or at least that is what the Uzbek and British governments hope. They have both made much of Uzbekistan signing up
Singapore has long been a preeminent destination for setting up a regional headquarter to pursue business opportunities across ASEAN and Asia.
A Bloomberg report says China is formulating a Chinese tech whitelist to replace foreign tech, which China denies. We discuss what we know so far.
We list the bills expected to be tabled in the Winter Session of India's parliament (Nov 29 to Dec 23, 2021), including regulation of cryptocurrency.
Vietnam's Tay Ninh province is one of the major industrial hubs in the southern key economic region and a competitive alternative to neighboring provinces.