21 SEPTEMBER 2022View in Browser
 
 
 

This week's primary foreign investment news
from our ASEAN, China, India, Russia, Belt & Road and Vietnam Briefings.
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HEADLINES: There is regional growth throughout Eurasia as we enter the seventh month of changes to supply chains, with these now continuing to adapt among the altering geopolitical situation. We examine the impact throughout the Eurasian region from the Middle East to the Far East as business develops and changes to refocus on the new trade realities.

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ASIA
Pravda Interview With Chris Devonshire-Ellis: "Russia's Trade Relations with Asia are Improving Before Our Eyes"
Chris Devonshire-Ellis, Publisher of Asia Briefing, was interviewed by Russia’s Komsomolskaya Pravda newspaper answered at the Eastern Economic Forum in Vladivostok by Pravda’s main economic correspondent Evgeny Proskuryakov. This discussion dealt with Russia’s developing trade ties with Asia and has attracted 14 million views in Russia. We provide the English language translation.
 
CHINA
China’s Robotics Industry: Current Outlook and Market Scope for Foreign Investors
China is rapidly emerging as a global power in robotics as the government aspires for the industry to compete with the world’s most innovative economies. For the Chinese government, this is just a starting point. According to government plans, China will become an innovative robotics hub by 2025 and a world-leading robotics hub by 2035.
 
Selling To China’s Muslims
In China, the Muslim population is estimated to be around 30 million, covering urban and rural areas of all provinces (regions) in China. China represents a market of 30 million Muslims providing opportunities for Middle Eastern based exporters in a market worth US$100 billion.
 
ASEAN
Vietnam-Russia Trade: New Links Between Sea and Rail Routes
A new connection between the sea and railway routes to transport goods to and from Vietnam was launched in Russia on September 6. The connection marks the growing logistics and bilateral trade between the two countries, facilitating goods transfer directly from Vietnam to Western Russia and vice versa. We explore the growing trade between both countries facilitated by the sea freight and rail routes.
 
Thailand’s Islamic Economy: Sourcing and Consumer Market Opportunities
Despite Muslims making up only 8 to 12% of Thailand’s economy, the country is one of the largest exporters of Halal food in the world, which accounts for 20% of its total food exports. The country is also seeing an influx of Muslim tourists who are attracted by Thailand’s increasingly Muslim-friendly tourism sector.
 
INDIA
Talent Acquisition After Covid in India: Tips for HR and Recruitment
As employers in India confront trends like ‘quiet quitting’, we examine changes to recruiting in the post-COVID era and discuss smart strategies for enterprises to benefit from the shifts in work attitudes and employment priorities. Flexible hiring practices, customized work assessment policies, and effective employer branding will allow enterprises to attract the best talents and achieve staff loyalty.
 
India Amends Import Rules to Further Facilitate Trade
India’s new customs rules will facilitate trade growth and expand the current regulatory scope. The new rules include many new provisions and clarifications, including the time period for utilization of goods, immediate re-credit of bonds, and procedure for cases where the imported goods have a specified end use.
 
CENTRAL ASIA
Kazakhstan – Tajikistan Bilateral Trade Up 16.5% In H1 2022
The trade turnover between Kazakhstan and Tajikistan reached US$621.4 million over the period from January – June 2022, compared to US$519.02 million during the same months of 2021, according to Kazakhstan’s Statistics Committee.
 
Uzbekistan Signs US$15 Billion Worth Of Agreements With China At SCO Summit
China and Uzbekistan agreed to expand trade and economic cooperation, develop e-commerce and implementation of industrial cooperation projects, and invest in areas such as the automotive industry, green energy, agriculture and infrastructure development as well as Free Trade Industrial zones.
 
MIDDLE EAST
Iran Planning Direct Railway Link From Tehran To Shanghai
Iran is to launch a direct train route to China within the framework of the Shanghai Cooperation Organization (SCO). The route will strengthen cargo and transit between Iran and SCO member countries, with the main terminus of the route being Tehran and Shanghai.
 
The UAE – Indonesia Trade Agreement: Benefits for UAE Based Exporters
The free trade agreement removes trade barriers for a variety of goods and services with the aim to increase bilateral trade to US$10 billion by 2030. Indonesia has cancelled import tariffs for 80% of UAE exports.
 
RUSSIA
Russia – India Trade Up 120% In 2022
Energy, grain and fertilizer needs see trade massively expand while Delhi seeks a permanent trade agreement.
 
Russia To Resume Flights To Sri Lanka
Island is becoming a haven for digital nomads able to work from home in tropical surroundings.
 
BELT & ROAD INITIATIVE
Belt And Road Weekly Investor Intelligence #99
There’s plenty of activity in the Middle East as China steps up its BRI ambitions in the region, augmented by Russia. That has been consolidated with last week’s SCO heads of state summit, attended by all regional partners along with China’s Xi Jinping, Russia’s Vladimir Putin and India’s Narendra Modi. What is happening in the developing links between the Middle East and South Asia will define supply chains, global trade and consumer preferences for decades to come.
 
 
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UPCOMING EVENTS IN THIS MONTH
 
Doing Business in Vietnam: A 10-Week Crash Course
Online | Meets Weekly on Wednesday's | 10-11:30 AM EDT
 
Vietnam – The Next Destination for Your Investment in Asia越南，您亚洲投资的下一站(双语)
Webinar | September 22, 2022 | 4:00 PM China / 3:00 PM Vietnam / 10:00 AM CET
 
China Data Privacy - Risks and Opportunities for International Businesses
Webinar | September 22, 2022 | 9:30 - 11 AM Copenhagen
 
Hong Kong SAR vs. Singapore: What's Next for Foreign Investors in Asia?
Rebroadcast | Tuesday, September 27, 2022 | 9:00 AM PST / 12:00 PM EST
 
Import and Export in India: Procedures, Policies and Opportunities for foreign investors
Webinar | September 29, 2022 | 2:30 PM India Time / 4:00 PM Vietnam Time / 5:00 PM China Time
 
Go2Singapore Workshop
Copenhagen | Monday, October 3, 2022 | 9:00 - 16:00 CEST
 
A Case for Expanding to Batam: How Singapore Based Companies Can Benefit
Webinar | October 4, 2022 | 4:00 PM Singapore / 3:00 PM Vietnam / 10:00 AM CET
 
 
 
 
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