India-US Trade Dispute, Renewables in Vietnam – China Outbound
Our weekly round up of other news affecting foreign investors throughout Asia.
Located between Thailand and Vietnam, Cambodia is an attractive investment destination for businesses looking to expand in ASEAN.
The country has recovered from a troubled and violent 20th century past and aims to now secure a place on the global economic playing field.
In a major setback to India-US trade relations, US President Donald Trump announced his decision to withdraw India’s name from the Generalized System of Preferences (GSP) program on March 5, 2019. The GSP gives businesses from designated beneficiary countries, a preferential or duty-free access to US markets.
Washington has accused India of raising a wide array of trade barriers that prevent American businesses from getting equivalent, if not reasonable, access to Indian markets.
While Western media attention has turned to the succesful launch and successful docking of the privately owned Space X rocket with the International Space Station, much tends to be overlooked when it comes to Russia’s own space exploration and engineering industry.
The BRICS New Development Bank (NDB), owned by Brazil, Russia, India, China and South Africa, will issue bonds in South Africa and commercial paper in US dollars in the first half of this year, according to the bank’s president, K.V. Kamath.
Vietnam is one of the most efficient power markets in Southeast Asia, driven by low-cost resources such as hydro and coal.
The country has achieved around 99 percent electrification with relatively low cost in comparison to neighboring countries.
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