ASEAN Briefing Website Launched
ASEAN is set to become China’s top trade partner by 2015
Apr. 17 – Dezan Shira & Associates, one of Asia’s premier professional services firms, has just launched a brand new website: ASEAN Briefing. ASEAN, a 10 country trade bloc that includes Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Philippines, Singapore, Thailand and Vietnam, is strategically highly important for China as the bloc in its own right has a free trade agreement with China, and China also individually has double tax agreements with many of the ASEAN members states.
Trade between ASEAN and China reached US$400 billion in 2012, with the region poised to become China’s leading trade partner by 2015. The new website houses an extensive archive of the several hundred double taxation agreements, free trade agreements, and bilateral investment treaties that exist between ASEAN, its members states, and other countries and regions around the world. It also contains a news section providing updates on regional trade issues, developments within ASEAN, and other information concerning regional agreements such as the RCEP and TPP.
“The ASEAN Briefing website took many months to put together, and as China’s trade with the region and elsewhere grows, we hope our readers internationally will find the website a useful resource when looking at the implications of the various tax treaties now changing the face of the global supply chain,” comments Chris Devonshire-Ellis, Founding Partner of Dezan Shira & Associates. “International companies wishing to take advantage of ASEAN’s extensive free trade agreements can do so through the simple process of establishing a subsidiary presence in any of the ASEAN countries, thus immediately qualifying for the free trade opportunities that this provides. With Singapore as the regional financial and services hub, and ASEAN trade agreements also now including China, India, Australia, Japan, South Korea and New Zealand, ASEAN is becoming an important component part of China and international trade flows.”
ASEAN Briefing joins a growing stable of titles run by Asia Briefing Ltd. including China Briefing, India Briefing, and Vietnam Briefing. Asia Briefing Ltd. is a wholly-owned subsidiary of Dezan Shira & Associates – a specialist foreign direct investment practice, providing corporate establishment, business advisory, tax advisory and compliance, accounting, payroll, due diligence and financial review services to multinationals investing in emerging Asia. Since its establishment in 1992, the firm has grown into one of Asia’s most versatile full-service consultancies with operational offices across China, Hong Kong, India, Singapore and Vietnam as well as liaison offices in Italy and the United States.
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Are You Ready for ASEAN 2015?
In our first ever issue of Asia Briefing Magazine, we focus on the new dawn that ASEAN free trade brings to the entire region, as well as the dramatic added impact of pan-Asian free trade agreements such as the Regional Comprehensive Economic Partnership.
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