Dominated by disputes between China and the US, the recent Asia-Pacific Economic Cooperation summit in Papua New Guinea ended without an agreement for the first time in its history. Escalating tensions between the two economic superpowers, and their ongoing trade war, have businesses scrambling to avoid tariffs and operational disruptions.
China is clamping down on cryptocurrencies, trying to curb capital flows and possible money laundering, but it remains an active investor in blockchain technology.
In a possible about turn, President Trump recently expressed interest in reopening TPP negotiations. We look at the possible consequences of the US joining the pact.
China wants to become a global “green” leader, even as it copes with its own colossal air pollution crisis. This post explores the likely effects of China's green ambitions on international businesses seeking to compete in Chinese markets.
Australian Prime Minister Malcolm Turnbull announced that his country’s Temporary Work (Skilled) visa, or 457 visa, used by non-Australian skilled workers, will be replaced by two new visas. Over a million people have used the 457 for work in Australia since it was introduced 20 years ago. Here’s what the changes will mean for businesses operating in or planning to expand into Australia and what they can do to protect themselves.
India has long been derided for its dense labyrinth of laws and resistance to change. Its new government has passed sweeping new legislation aimed at making it easier for non-Indian companies and individuals to do business and invest in the country. We look at some of the most significant reforms.
After years of negotiation, the Trans-Pacific Partnership (TPP), a massive new trade agreement, was signed in February this year by 12 nations. If it is ratified — a big “if” — it will bring important economic benefits to member nations, which include the US, Japan, Malaysia, Vietnam, Singapore, Brunei, Australia, New Zealand, Canada, Mexico, Chile and Peru — but not China. At first glance, it may seem surprising that the world’s second-largest economy isn’t participating. But if you take a deeper look at the pact and its requirements, the reasons become clear. They also shed light on China’s ambitions and the other initiatives it is pursuing to support them, even as the future of the TPP itself becomes increasingly cloudy.
A new comprehensive trade agreement could bring big economic benefits to member countries and impose uniform rules governing intellectual property, state protectionism, e-commerce and more. Here's what you need to know.
Given India’s enormous economic potential, we wanted to highlight some recent developments that companies operating in India should be aware of. These changes — some of which are already in place and some of which will come into effect soon — include the introduction of the new Companies Act 2013, which mandates a host of requirements for Indian companies or Indian subsidiaries of foreign companies. There are also important changes to corporate withholding tax and an increase in the Service Tax Rate.
Singapore is a magnet for multinational corporations and is currently ranked number one in the world in ease of doing business. Foreign companies are attracted by Singapore’s low tax rates, comprehensible laws, skilled workforce, reasonable employment regulations and high standard of living.
The far-reaching agreement will eliminate the vast majority of tariffs on the importation of Australian agricultural and service goods to China and pave the way for potentially billions in Chinese investment in Australia.
By Dafydd Williams, Senior Director, Advisory services
In the world of global commerce, Australia is sitting pretty. It has the strong institutions and educated workforce of a European nation, the natural resources of the world’s sixth-largest country by landmass, and an English-speaking population to boot. And it has all of this within a stone’s throw of the high-growth economies of East and Southeast Asia.