This Week’s China Plus – Wednesday, June 16, 2021
HEADLINES: India’s Electric Vehicle Market / India’s Manufacturing Hubs / Vietnam E-Commerce / Vietnam Import-Export Procedures / Shanghai Cooperation Organisation / Eurasian Economic Union
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The electric vehicle industry in India is picking pace with 100% FDI possible, new manufacturing hubs and sector-based production incentives, push to improve charging infrastructure, and market policy tweaks to stimulate demand.
Report includes: India’s Improving Investment Climate for Manufacturing; Major Investment Destinations in India; Connectivity, Logistics, and Infrastructure Assessment.
E-commerce companies have been increasing their market share in Vietnam aided by increased internet connectivity, smartphones, and most recently, lockdowns related to the COVID-19 pandemic. With over 60 million internet users, Vietnam’s e-commerce industry is expected to reach US$9 billion revenues by 2025.
Vietnam has emerged as one of the world’s fastest-growing markets. Currently, the country is the EU’s 16th largest trade partner and the second-largest trade partner within ASEAN. Vietnam is also China’s sixth-largest trading partner and in the first quarter of 2021, was the second-largest exporter to the United States.
New Eurasian trade and security cooperation is being developed in moves that impact all of Asia and usher in the Great Eurasian Partnership.
The EAEU as an alternative to Europe is fast becoming a trade reality. We look at all the countries currently queuing up to sign off Free Trade Agreements.
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