The Asia Briefing Weekly Round Up

November 16, 2020 Posted by China Briefing Reading Time: 3 minutes

All of Asia on One Website

Monday, November 16, 2020.

Today we have launched our new Asia Briefing Weekly Round Up, designed to help our China readers stay up to date with developments elsewhere in Asia. A complimentary subscription to this service can be obtained here.

This week’s latest news:

Asian Summits Result in US$186 Billion RCEP Free Trade Agreement

Huge FTA market of 2.2 billion ushered in: no immediate further tariff reductions but mutual acceptance of professional qualifications opens up the doors for services sectors, while rules of origin are now standardized across the bloc, motivating investment into Cambodia, Laos, and Myanmar.

BRICS Strategy for Economic Partnership to 2025

Russian President Vladimir Putin will host the Heads of State of Brazil, China, India, and South Africa via video conference tomorrow for the annual BRICS 2020 summit. We examine their strategic vision.

What to Expect in China’s 14th Five Year Plan

Policy priorities revealed at the Fifth Plenum offer insights on what industry and businesses can expect from China’s 14th Five Year Plan in March 2021.

India Extends Manufacturing Incentive Scheme for 10 Sectors

India extended production-linked incentives for 10 key sectors, including automotive, food processing, and white goods to boost manufacturing and exports.

India and Russia Looking to Triple Bilateral Trade to US$30 Billion by 2025

India and Russia want to boost their bilateral trade, which is why an India-EAEU FTA has become a priority project for both countries.

Investing in ASEAN’s Healthcare Sector: New Opportunities After COVID-19

COVID-19 will encourage reforms in ASEAN’s healthcare sector, opening new investment opportunities in the fields of medicine and pharmaceuticals.

Thailand Issues Tax Incentives for Electric Vehicle Industry

Thailand’s Board of Investment (BOI) issued its latest incentives for the country’s electric vehicle (EV) industry. These incentives mainly cover tax holidays for qualified EV projects, such as for the development of hybrid electric vehicles. There are also tax holidays for businesses in the EV supply chain, in particular for manufacturers of battery modules and battery cells.

Renewables in Vietnam: Current Opportunities and Future Outlook

Vietnam is making a big push into the renewable energy sector to meet its increasing demand and ensuring energy security.

Planning Your 2021 Investment Budget: ASEAN

ASEAN is a market of 600 million people and has the world’s third-largest labor force. It is projected to become the fourth-largest economy by 2030 with domestic consumption doubling to US$4 trillion.

Planning Your 2021 Investment Budget: Singapore

Singapore’s stable legal, tax, and business environment makes the country a key trading hub in ASEAN. It is home to over 7,000 multinational companies who have incorporated their Asia-Pacific headquarters in the country, and also has an extensive double taxation and free trade network, benefiting investors and making it an ideal Asian HQ for MNCs.

Planning Your 2021 Investment Budget: Vietnam

As international businesses plan their budget for 2021, Vietnam has emerged as a promising investment destination in ASEAN for global export manufacturers and especially from the United States.

Planning Your 2021 Investment Budget: India

Multinational firms planning their 2021 investment budgets should consider India with its large competitive workforce and massive middle-class consumer market. We provide cost comparisons and market analysis.