Foreign Trade

New Issue of DPRK Business Monthly Now Available

Jan. 3 – The latest issue of DPRK Business Monthly is now available for complimentary download. The regular magazine looks at current international, domestic, and peninsular affairs concerning North Korea while also offering commentary and tourism information on the country.

In recent international news, the PRC company Autobase, China’s largest car wash manufacturer doing US$1 million-worth of business a month, installed its latest-model car wash facility, the Tepo-UTO Tunnel Car Wash Machine, in the DPRK capital of Pyongyangin November 2011. Continue reading →

Posted in Foreign Trade, Politics | Leave a comment

China to Steer FDI into New Sectors

Dec. 30 – The National Development and Reform Commission (NDRC), China’s top economic planner, published the 2012 Foreign Investment Industrial Guidance Catalog on Thursday outlining industries in which foreign investments will be encouraged, restricted or completely prohibited.

In the Catalog, effective from January 30, 2012, the NDRC stated China encourages foreign investors in strategic emerging industries, such as energy-saving and environmentally-friendly technologies, next-generation information technology, biotechnology, alternative energy, advanced materials, recycling industries, and alternative-fuel cars. The NDRC added China welcomes foreign capitals in hospitals and financial leasing firms. Continue reading →

Posted in Automotive, Business, Featured, Foreign Trade, Technology | Tagged China 2012 Foreign Investment Industrial Guidance Catalog, China Automobile FDI, China Energy FDI, China FDI Encouraged, China FDI Prohibited, China FDI Restricted, China Manufacturing FDI, Ministry of Commerce, National Development and Reform Commission | Leave a comment

Indian Iron Ore Exports Plummet, China Looks Elsewhere

Dec. 26 – Iron ore exports from India to China are declining sharply, according to statistics by the Indian Ports Association. In an attempt to supply the domestic market, China is likely to search for new sources, Indian media reported.

In November, India’s major state-owned ports exported 480 million tons of iron ore, falling 35.4 percent year-on-year. Iron ore shipments through Paradip, one of the largest ports on India’s east coast in Orissa, dropped to 148.6 million tons, down 88.4 percent. Visakhapatnam port’s iron ore exports plunged to 93.3 million tons with a decrease of 35.7 percent. Iron ore exports account for 80-90 percent of India’s export capacity, of which about 70 percent is reportedly exported to China. Continue reading →

Posted in Featured, Foreign Trade, Mining | Tagged China Iron Ore Import, India Iron Ore Export, India Mining | 1 Comment

India to Join the Solar Equipment Fight

Dec. 20 – India’s Ministry of Commerce and Industry has accepted a petition to conduct an anti-dumping probe into Chinese-imported solar panels. The investigation is expected to be initiated within a month, China’s Ministry of Commerce stated yesterday on its web site.

The announcement said that solar equipment manufacturers in India have lobbied the government to help protect the immature domestic solar energy industry against stronger international rivals, including First Solar, the largest maker of thin-film panels, based in the U.S. state of Arizona, and Suntech Power Holdings Co., the world’s largest producer of solar panels based in Jiangsu Province, China. Continue reading →

Posted in Energy, Featured, Foreign Trade, Markets | Tagged India China Trade Disputes, India Renewable Energy, India Solar Industry, India Solar Panels, India US Trade Disputes, Solar Panel Subsidies, US China Solar Trade Dispute, US Solar Trade Finance | Leave a comment

European Union to Cut Aid to 19 Emerging Economies

Dec. 9 – The European Union (EU) will cut off all aid payments from its 2014-2020 budget to 19 emerging economies, including China, India, Brazil and Thailand, the EU’s development commissioner Andris Piebalgs said on Wednesday.

“Countries such as China, India, Brazil, Argentina, which are either upper middle income countries or countries whose GDP represent more than 1 percent of the global GDP, are now able to ensure their own development and our aid does not have any longer a high impact on their development,” the EU commissioner explained in an official statement.

He noted that the EU is now aiming at building new partnerships with some of the emerging countries rather than offering them development aid. Continue reading →

Posted in Business, Featured, Foreign Trade, Politics | Tagged Andris Piebalgs, China Foreign Aid, China Poverty, Emerging Asia Aid, European Union Aid, India Foreign Aid, India Poverty | Leave a comment

China, India and Emerging Asia Tax Rates Compared

Complimentary issue of China Briefing examines tax rates across Asia

Dec. 8 – The new December issue of China Briefing has been made available for complimentary download and features a comprehensive overview and comparisons of tax rates across Asia.

Focusing on comparisons of corporate income tax, value-added tax, goods and service tax, standard tax on dividends, and individual income tax in China, India, Vietnam, Hong Kong and Singapore, “The Asia Tax Comparator” also includes data on Bangladesh, Cambodia, Indonesia, Japan, Laos, Malaysia, Mongolia, Nepal, the Philippines, South Korea, Sri Lanka and Thailand.

This issue of China Briefing Magazine includes:

A visual look at corporate income tax (CIT), value-added tax (VAT), goods and service tax (GST), individual income tax (IIT), and the standard tax on dividends
Individual income tax rate tables
Focus on China, Hong Kong, India, Vietnam and Singapore, with a comparison across Asia Continue reading →

Posted in Business, Featured, Foreign Trade | Tagged Bangladesh Tax, Cambodia Tax, China Tax, Hong Kong Tax, India Tax, Indonesia Tax, Japan Tax, Laos Tax, Malyasia Tax, Mongolia Tax, Nepal Tax, Philippines Tax, Singapore Tax, South Korea Tax, Sri Lanka Tax, Thailand Tax, Vietnam Tax | 2 Comments

China Pushes for East Asia FTA

Nov. 24 – In contrast to the persistent economic woes affecting the Eurozone and U.S. markets and political instability in the Middle East, the emerging economies of East Asia have attracted a great deal of positive attention. During U.S. President Barack Obama’s Asian tour last week it became apparent that attempts to maximize trade volume in the region by the world’s two major economies – the United States and China – have resulted in promising proposals to increase economic cooperation and growth.

In response to Obama’s “aggressive” political maneuvering recently in the Asia-Pacific region, China has been working on its relations with Southeast Asian nations to try and form an East Asian Free Trade Area, which will include Japan and South Korea. Continue reading →

Posted in Business, Foreign Trade | Tagged ASEAN FTA, Barack Obama, China ASEAN, East Asian FTA, Emerging Asia, TPP, Wen Jiabao | Leave a comment

2point6billion.com provides news and analysis on foreign trade in south east Asia, with a particular focus on China and India. The stories are contributed by the foreign direct investment experts at Dezan Shira & Associates, who have offices throughout China, India and Vietnam.