HEADLINES: Adopting a China+1 Strategy in ASEAN / Philippines Liberalizes Retail Trade / India ACC Battery Storage Production Incentives / Eurasian Economic Union Plans More Free Trade Agreements / Russian Trade and Investment in Africa
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We highlight the main strengths of five major ASEAN economies – Indonesia, Malaysia, the Philippines, Thailand, and Vietnam – that have emerged as attractive alternative production hubs for international investors.
These measures are aimed at attracting greater foreign investment in the retail sector, which before COVID accounted for 23 percent of the total services industry with a total gross value added of US$ 20 billion.
An outlay of US$2.49 billion has been earmarked by the Indian government to the battery production incentive scheme, which is intended to establish manufacturing capacity of 50 Giga Watt Hour (GWh) of ACC and five GWh of Niche ACC capacity.
Longer-term benefits – including technology transfer, improved domestic productivity, and a huge China export market that the US and EU are both stepping away could be the key to a long overdue Eurasian boom.
Numerous African countries have expressed interest in Free Trade Agreements with Russia and the Eurasian Economic Union. Alisa Andreevna Prokhorova, of the Russian Export Centre offers in-depth information and statistics about Russia’s trade with Africa.
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China Briefing is written and produced by Dezan Shira & Associates. The practice assists foreign investors into China and has done so since 1992 through offices in Beijing, Tianjin, Dalian, Qingdao, Shanghai, Hangzhou, Ningbo, Suzhou, Guangzhou, Dongguan, Zhongshan, Shenzhen, and Hong Kong. Please contact the firm for assistance in China at firstname.lastname@example.org.
Dezan Shira & Associates has offices in Vietnam, Indonesia, Singapore, United States, Germany, Italy, India, and Russia, in addition to our trade research facilities along the Belt & Road Initiative. We also have partner firms assisting foreign investors in The Philippines, Malaysia, Thailand, Bangladesh.