Analysis of Trade Development between China and Association of Southeast Asian Nations

Size: px
Start display at page:

Download "Analysis of Trade Development between China and Association of Southeast Asian Nations"

Transcription

1 Journal of Behavioural Economics, Finance, Entrepreneurship, Accounting and Transport, 2013, Vol. 1, No. 1, Available online at Science and Education Publishing DOI: /jbe Analysis of Trade Development between China and Association of Southeast Asian Nations Jiang Jialin, Cai Li * International Business School, Dalian Nationalities University, Dalian, China *Corresponding author: caili@dlnu.edu.cn Received August 26, 2013; Revised December 08, 2013; Accepted December 15, 2013 Abstract Since 1990s the economic relations between China and Association of Southeast Asian Nations (ASEAN) has becoming increasingly close. Especially in 2010, since the China-ASEAN Free Trade Area established, bilateral trade volume has been increasing continually. Currently, ASEAN is China s largest trading partner among developing countries, and China is ASEAN s fourth largest trading partner. This paper analyzed the status of China-ASEAN trade development and proposed the countermeasures for improving the development of China-ASEAN trade. Keywords: China, Association of Southeast Asian Nations, ASEAN, trade Cite This Article: Jiang Jialin, and Cai Li, Analysis of Trade Development between China and Association of Southeast Asian Nations. Journal of Behavioural Economics, Finance, Entrepreneurship, Accounting and Transport 1, no. 1 (2013): doi: /jbe Introduction Since the 1990s, the economic relations between China and ASEAN has becoming increasingly close and bilateral trade continues to boom. China-ASEAN Free Trade Area was established in 2010, marking the development of China-ASEAN bilateral trade has taken an important step. Meanwhile, since January 1st of 2010, China has reduced tariffs on more than 93 percent of the traded products to zero for ASEAN countries and promoted the China- ASEAN trade developed rapidly. With the coming of the tenth anniversary of the establishment of China-ASEAN strategic partnership in 2013, there still exist some barriers and shortcomings in trade between China and ASEAN. This paper analyzes the China s trade volume with ASEAN, the situation of China s import and export to ASEAN countries, China-ASEAN trade product distribution and proposes the appropriate countermeasures for China-ASEAN trade deficiencies. 2. The Situation of Trade Development between China and Association of Southeast Asian Nations 2.1. Merchandise Trade by Scale In 2011, total value of imports and exports between China and ASEAN was USD billion which ranked the first and second place of China s value of imports and exports with major trade partners. In 2012, China s total value of imports and exports to ASEAN was USD billion. It shows that trade relation between China and ASEAN are getting closer. Until 2012, ASEAN is China s third largest trading partner in the world and the largest trading partner among developing countries, while China is ASEAN s fourth largest trading partner. However, in comparison with EU, obviously, China s trade relations with ASEAN are not as close as with EU. Table 1. China s Imports and Exports with Major Trade Partners, (USD billion) Total Value of Total Value of Growth Rate Growth (Region) (Region) Imports and Imports and Exports (%) Rate (%) Exports China 36, China 38, EU 5, EU 5, United States 4, United States 4, ASEAN 3, ASEAN 4, Japan 3, Hong Kong, China 3, Hong Kong, 2, Japan 3, China Korea Rep. 2, Korea Rep. 2, For export, from 2000 to 2008 China s value of exports to ASEAN boomed year by year, upped from USD billion to USD billion. In 2002, the speed of growing became fast, up 28.3% than the previous year. In 2009, due to the influence of the global financial crisis, total exports crept down to USD billion. In 2010,

2 16 Journal of Behavioural Economics, Finance, Entrepreneurship, Accounting and Transport China-ASEAN Free Trade Area fully established, China s trade volume to ASEAN rallied to USD billion. And China s export to ASEAN lasted raising sharply from 2010 to 2012, total exports increased to USD billion in 2012, however the growth rate was crept down year by year. It is obvious that ASEAN is increasingly becoming an important exporter of China.Alpha For import, the import had the same change trend with export. There was an upward trend of China s total imports from ASEAN from 2000 to 2008 with increase from USD billion to USD billion. Especially in 2003, value of imports reached a peak with USD billion. In 2004, the growth rate of imports declined, however from 2005 to 2007, the growth rate of imports accelerated year after year. In 2008 imports growth rate began to declined sharply. In 2009 the imports also had a declined trend and fell to USD billion with appearance of negative growth of -8.8% among 12 years. Since January 1st of 2010, more than ninety-three percent of products traded between China and ASEAN enjoy zero tariffs, and China s imports from ASEAN rose sharply to USD billion with growth rate of 44.8%. However starting from 2011, the import growth rate decreased gradually, especially in 2012, representing growth rate of only 1.6%. There was a phenomenon that China had trade deficit with ASEAN s member countries from 2002 to The trade deficit increased year by year from 2000 to 2006, however the trade deficit quickly went down to USD billion in 2009 and rallied from 2010 to Table 2. Merchandise Trade between China and ASEAN by Scale, (USD billion) of China s of China s Export growth Rate (%) value Exports value Imports Merchandise Trade by On the export side in 2012, China s total exports to the six countries of Singapore, Malaysia, Indonesia, Vietnam, Thailand and Philippines amounted to USD billion, accounting for 94.82% of total export volume. There was a big increase compared with 2011, especially China s exports to Malaysia, upped 31% over the previous year. In contrast, China s total exports to Myanmar, Cambodia, Brunei and Laos was less, therein China s exports to Brunei and Laos, accounting respectively for less than 1%. But compared with 2011, the exports to Brunei and Laos upped 68.2% and 96.8% over the previous year, showing significant growth. Although the volume of exports is low, the economic cooperation is becoming increasingly close between Brunei, Laos and other agriculture-based nations. China s export trade to ASEAN is not only limited to old member states, Vietnam is the country joined ASEAN later, but in 2012, the total exports to Vietnam was USD billion, upped 17.6% over the previous year, accounting for 16.75% of the total Import growth Rate (%) exports China to ASEAN, exceeding Thailand and Philippines ranked in fourth place. In 2012 the growth rate of China s export to Laos ranked in first among the ten countries, due to Laos holding the ninth Asia Europe Meeting, China CAMC Engineering Corp., LTD., China State Construction Engineering Corp. LTD. and other Chinese companies specifically provided a lot of projects contracts to guarantee the smooth conduct of the summit, these were the main reason for the rapid growth of the trade between China and Laos. For the 2012 China s imports from ASEAN was lower than exports. Import trade with Malaysia, Thailand, Myanmar, Laos, Brunei showed negative growth. Trade between China and Singapore, Malaysia, Indonesia, Vietnam, Thailand and Philippines accounted for 71.65% of China s total imports from ASEAN. By contrast, imports from Myanmar, Laos, Brunei, Cambodia, and Shikoku were lower than other six countries, accounting for 1.35%. Table 3. Merchandise Trade between China and ASEAN by, (USD billion) Export Importing Growth Import Imports Growth ing Rate (%) ing value Rate (%) 1 Singapore Malaysia Malaysia Thailand Indonesia Indonesia Vietnam Singapore Thailand Philippines Philippines Vietnam Myanmar Myanmar Cambodia Laos Brunei Brunei Laos Cambodia

3 Journal of Behavioural Economics, Finance, Entrepreneurship, Accounting and Transport 17 China s imports and exports to ASEAN mainly concentrate on the six countries of Singapore, Malaysia, Indonesia, Thailand, Philippines and Vietnam, therefore China should strengthen the economic cooperation with the six countries to ensure the trade development between China and ASEAN Merchandise Trade by Product In 2012, Malaysia, Thailand, Singapore and Indonesia are top four trading countries to China among ten ASEAN countries. From Table 4 to Table 7 show the composition of the top ten commodities that the four countries of Malaysia, Thailand, Singapore and Indonesia imported and exported to China in On the export side, among the commodities that the four countries exported to China, of which the similar are mechanical and electrical products, plastic and rubber, minerals, chemical products, base metals and products, and they were mainly agricultural products and materials products. Especially mechanical and electrical products, accounted for a large proportion of the commodities that four countries exported to China, ranked first among the commodities Malaysia and Singapore exported to China, and the second place of Thailand and the seventh place of Indonesia. China s great demand for minerals indicated that with rapid economic development the demand for resource products is increasing. For import, the four countries have the very similar commodity structure of imports from China, the top ten commodities are mainly mechanical and electrical products, chemical products, transport equipment, plastic and rubber, textiles and raw materials, furniture, toys and miscellaneous manufactured articles. In addition, the mechanical and electrical products, plastic and rubber, chemical products also occupied a very important position. By mechanical and electrical products as representatives of high-tech products, high-tech products accounted for a large proportion of these commodities that the four countries exported to China. However the labor-intensive products also accounted for a certain proportion. Malaysia, Thailand, Singapore imported optical, watches and medical devices from China, indicating there is an increasing demand for these emerging trade products, and the emerging trade products have very potential market prospects. Although Singapore is a developed country, still has the similar import and export commodity structure with other three countries. China and ASEAN should continue to strengthen the development of hightech products and constantly improve the export structure to get mutual benefits. Manufactured products trade accounted for a larger share of trade between China and ASEAN countries, mainly in the food and beverages and tobacco industry, textile industry, machinery and transport equipment and chemical industry. Due to the lower level of economy development of the six countries, their imports and exports to China mainly focus on agricultural products. Agricultural products trade between ASEAN and China has developed rapidly. These countries are in great demand for industrial products. Their import products from China are mainly electronics, refined oil, steel, textiles, etc. Table 4. Merchandise Trade between China and Malaysia by Product (Top 10), (USD million) Total Value 58, Total Value 36, Mechanical and Electrical 13, Mechanical and Electrical 16, Plastics, Rubber 4, Base Metals and 3, Animals and Vegetable Oils and Fats and Waxes 3, Chemical 2, Minerals 2, Transport Equipment 1, Chemical 1, Plastics, Rubber 1, Base Metals and Optical, Watches and Medical Devices Optical, Watches and Medical Devices Textiles and Raw Materials Food and Beverages and Tobacco Plant Textiles and Raw Materials Furniture and Toys and Miscellaneous Wood and Wood Food and Beverages and Tobacco Table 5. Merchandise Trade between China and Thailand by Product (Top 10), (USD million) Total Value Total Value Plastics, Rubber 8, Mechanical and Electrical 19, Mechanical and Electrical 7, Base Metals and 5, Chemical 3, Chemical 2, Plant 1, Textiles and Raw Materials 1, Minerals 1, Plastics, Rubber 1, Wood and Wood Transport Equipment 1, Food and Beverages and Tobacco Optical, Watches and Medical Devices Base Metals and Plant Optical, Watches and Medical Devices Furniture and Toys and Miscellaneous Textiles and Raw Materials Ceramics and Glass

4 18 Journal of Behavioural Economics, Finance, Entrepreneurship, Accounting and Transport Table 6. Merchandise Trade between China and Singapore by Product (Top 10), (USD million) Total Value Total Value Mechanical and Electrical 23, Mechanical and Electrical 24, Minerals 6, Base Metals and 3, Chemical 4, Minerals 2, Plastics, Rubber 4, Chemical 1, Optical, Watches and Medical Devices 1, Transport Equipment 1, Base Metals and 1, Textiles and Raw Materials 1, Transport Equipment Optical, Watches and Medical Devices 1, Food and Beverages and Tobacco Furniture and Toys and Miscellaneous Cellulose Pulp and Paper Plastics, Rubber Precious Metals and Food and Beverages and Tobacco Table 7. Merchandise Trade between China and Indonesia by Product (Top 10), (USD million) Total Value Total Value Minerals 10, Mechanical and Electrical 13, Animals and Vegetable Oils and Fats and Waxes 3, Base Metals and 3, Plastics, Rubber 2, Chemical 2, Chemical 1, Textiles and Raw Materials 2, Cellulose Pulp and Paper Transport Equipment 1, Wood and Wood Plastics, Rubber 1, Mechanical and Electrical Plant Textiles and Raw Materials Furniture and Toys and Miscellaneous Base Metals and Food and Beverages and Tobacco Live Animals and Animal Minerals Foreign Direct Investment between China and ASEAN In 2010 China's utilization of FDI amounted to USD billion of which foreign direct investment from ASEAN countries amounted to USD billion, accounting for abut 6.0%. For the total direct investment from ASEAN into China of which Singapore ranked in first with USD billion, accounting for 86%, and Brunei came in second place. In 2011 China's utilization of FDI amounted to USD billion of which FDI from ASEAN amounted to USD billion, accounting for about 5.7%, decreased compared with Singapore still ranked first with amount of USD billion, FDI from Brunei into China declined and ranked in third place. However, Malaysian s FDI increased. Except for Brunei, FDI of Philippines, Indonesia, Laos and Vietnam s to China all had the decline trend. In contrast, both of FDI from Thailand and Myanmar into China increased. In 2010, China's outward FDI flows into ASEAN countries was USD billion, accounting for 9.8% of outward FDI flows into Asia, and outward FDI stock was USD billion, accounting for 6.3% of outward FDI stock into Asian region. In 2011, China's investment flows into ASEAN countries amounted to USD billion with an increase of 34.1%, accounting for 13% of investment flows in Asia, and outward FDI stock was USD billion, accounting for 7.1% of total outward FDI stock in Asia, Until the end of 2011, China has established more than 2,400 FDI enterprises in ASEAN, hired local employees. Compared with 2010, China's FDI into ASEAN had an upward trend in Table 8. ASEAN FDI in China, (USD 10,000) (Region) Actually Actually used FDI used FDI Singapore 542, , Brunei 30, , Malaysia 29, , Philippines 13, , Indonesia 7, , Thailand 5, , Cambodia 1, , Laos Myanmar , Vietnam Total 632, , Source: National Bureau of Statistics of China, 2012 China Statistical Yearbook, China Statistic Press From the perspective of direct investment flows, China's direct investment into Singapore ranked first among other ASEAN countries, and Brunei came in last place. Compared with 2010, China s outward foreign direct investment flows into Myanmar, Thailand, Vietnam and Malaysia declined in As for FDI stock, at the end of 2011, Singapore was in first place ASEAN countries, followed by Myanmar and Cambodia, and Brunei was at the bottom in the list. It can be seen the bilateral foreign direct investment was evolving constantly; Chinese enterprises invested in these countries mainly concentrate in manufacturing, power development, wholesale and retail trade, mining, construction industry and other industries. China should strengthen investment in high-tech industries, while China also needs to maintain development of investing to developing countries, so that to get complementary advantages, optimize their domestic industrial structure

5 Journal of Behavioural Economics, Finance, Entrepreneurship, Accounting and Transport 19 and improve the industrial technology and also promote the progress of the host country. Table 9. China s FDI in ASEAN, (USD 10,000) FDI Stock by the FDI (Region) End of Singapore Myanmar Cambodia Indonesia Thailand Vietnam Laos Malaysia Philippines Brunei Total Source: National Bureau of Statistics of China, 2012 China Statistical Yearbook, China Statistic Press 3. Recommended Policies for Improving Trade between China and Association of Southeast Asian Nations 3.1. Strengthening the Development of China- ASEAN Free Trade Area In 2010, the establishment of China - ASEAN Free Trade Area improved China-ASEAN trade to increase substantially, indicating that the formation of the free trade area has brought the opportunities for China - ASEAN trade development. Cooperating with China can help ASEAN get rid of financial difficulties. For China, the economy external dependence is growing, strengthening trade links with ASEAN and strengthening development of China - ASEAN Free Trade Area can help China adapt to economic globalization, enhance the ability to withstand economic risks and expand China s economic cooperation with Southeast Asia. From July 2005, China ASEAN began to implement tariff reduction policy for 7000 products. And since January 1st, 2010, more than ninety-three percent of product that China trade with ASEAN enjoy zero tariffs. These tax policy has brought a lot of effects for China - ASEAN trade, for the short-term effect, it makes the growth of bilateral trade between China and ASEAN. From the view of long-term effect, it not only can make Guangxi and Yunnan provinces that border with ASEAN get the benefits, but also drive the Southwest region of China adjacent to the ASEAN develop, and eventually the effect will extent to the whole country. Therefore China and ASEAN should strengthen the implementation of zero tariff policy to China - ASEAN Free Trade Area to ensure that by 2015 China will implement zero tariff policy to all ten countries of ASEAN Optimizing Structure of International Trade of China China should gradually phase out these backward industries that compete with ASEAN, such as highpolluting industries and resource-based industries, and should improve the cooperation with the different countries and regions according to their resource characteristics, economic structure and technological level. Optimizing the industrial structure will be conducive to China-ASEAN trade. China should continue to develop technology-intensive and capital-intensive industries rather than labor-intensive industries. China can make full use of technology advantages and other advantages in intensifying cooperation of the development of biological resources, mineral resources exploration and other areas to upgrade China's relevant industrial structure, and to avoid free-trade zone industrial competitiveness. The main traded commodities between China and ASEAN are mechanical and electrical products, indicating high-tech products account for a large proportion of China - ASEAN trade. Therefore, both of the two sides should continue to increase the proportion of high-tech and high value-added goods in trade, improve the technological content of export products and increase the introduction of high-tech and capital-intensive products Improving the Construction of Investment Environment China should improve the investment environment to attract foreign investment. Improving investment environment includes the establishment of standardized, efficient and transparent administrative system, the deep concern for the development of foreign companies and improvement of legal system. At the same time, China and ASEAN countries should strengthen infrastructure construction to provide convenient conditions for foreign investment. In 2013, China should seize the opportunities for the tenth anniversary of China - ASEAN strategic partnership and take greater efforts to deepen bilateral investment cooperation. Cultural exchanges are conducive to enhancing mutual understanding and friendship between the people of both sides and establishing harmony neighboring relations. Therefore China and ASEAN countries should promote the friendly exchanges in the fields of folk culture, tourism, education. Particularly in education, the colorful youth friendly exchange activities could enable more young people to participate in the regional cooperation. 4. Conclusion Currently, ASEAN is China's third largest trading partner, while China is ASEAN's fourth largest trading partner. From 2000 to 2012, China's trade with ASEAN had maintained growth except in 2009 due to the impact of financial crisis. The total volume of trade amounted to USD billion in 2012, of which exports reached to USD billion, imports amounted to USD billion. There are economic disparities within ASEAN countries, China-ASEAN trade is mainly concentrated in the five old ASEAN member countries and Vietnam. To China the old ASEAN member countries have the similar imports and exports commodity structure, for import, electromechanical products and other high-tech products occupy the main part. The new four ASEAN countries relatively are economically backward, exports to China are mainly agricultural products, imports are mainly machinery and electronic products, refined oil, steel, textiles, etc. In 2010 and 2011 ASEAN foreign direct

6 20 Journal of Behavioural Economics, Finance, Entrepreneurship, Accounting and Transport investment into China amounted to USD billion, and USD billion. Singapore is the leading country of ASEAN. In 2010 and 2011, China's outward FDI flows into ASEAN countries were USD billion and USD billion, and Singapore came in first place. In 2013, for the tenth anniversary of China - ASEAN to establish strategic partnership, China should take full advantage of this opportunity to further comprehensively strengthen mutually beneficial cooperation with ASEAN, besides China needs to deepen and expand cooperation with neighboring countries. Practice will continue to prove that China's sustainable development and prosperity will bring the important opportunities to the neighboring countries including the ASEAN and even to the courtiers all over the world. Acknowledgement References [1] Department of Trade and External Economic Relations Statistics, China National Bureau of Statistics, China Trade and External Economic Statistical Yearbook, China Statistics Press, [2] Ministry Commerce of the People s Republic of China, Statistical Bulletin of China s Outward Foreign Direct Investment, China Statistic Press, Beijing, 2011, [3] Chen Jingjing, "Analysis of the Status of Trade Development between China and ASEAN", Business Economy, 287 (2), 76-78, February [4] Lin Yeyao, Gu Yingyan, "Analysis of China-ASEAN Zero-Tariff Effects", Market Modernization, 708 (3), 60-61, March [5] Gu Meiling, "Development Obstacles and Countermeasures of China-ASEAN Free Trade Area", Cotemporary Economic, 319 (7), 72-73, July [6] Wang Guicheng, "Analysis of the Structure of China-ASEAN Trade Commodities", Enterprises Science and Technology & Development, 282 (12), 12-14, December This research is supported by Sun Bird research project of students of Dalian Nationalities University.

China's Economic Ties with Southeast Asia

China's Economic Ties with Southeast Asia Vol. 7 No. 18 ISSN 2233-9140 China's Economic Ties with Southeast Asia OH Yoon Ah Research Fellow, Southeast Asia and Oceania Team, Department of Asia-Pacific (yaoh@kiep.go.kr) I. Introduction In the past

More information

European Union, Trade in goods with ASEAN (Association Of South-East Asian Nations)

European Union, Trade in goods with ASEAN (Association Of South-East Asian Nations) European Union, Trade in goods with ASEAN (Association Of South-East Asian Nations) ASEAN (Association Of South-East Asian Nations) Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Philippines, Singapore,

More information

Machinery Trade in East Asia and Global Financial Crisis. Mitsuyo Ando * Faculty of Business and Commerce, Keio University

Machinery Trade in East Asia and Global Financial Crisis. Mitsuyo Ando * Faculty of Business and Commerce, Keio University Machinery Trade in East Asia and Global Financial Crisis Mitsuyo Ando * Faculty of Business and Commerce, Keio University Abstract The global financial crisis since the fall 2008 has influenced the world

More information

European Union, Trade in goods with Thailand

European Union, Trade in goods with Thailand European Union, Trade in goods with Thailand Table of Contents pg - Key Figures 2 - / 2016 2 - - AMA/NAMA product Groups 2 - - SITC product Groups 2 - - Top 5 - HS sections 2 - - Top 5 - SITC sections

More information

ASEAN Vision 2020 Research Report: Page 1! of 8!

ASEAN Vision 2020 Research Report: Page 1! of 8! Forum: Association of Southeast Asian Nations (ASEAN) Issue: Establishing mechanisms for sustainable development to ensure the protection of ASEAN s environment Student Officer: Htet Htet Aye (Sophie)

More information

SERVICES IN INDUSTRIAL VALUE CHAINS

SERVICES IN INDUSTRIAL VALUE CHAINS 8 SERVICES IN INDUSTRIAL VALUE CHAINS Services value-added, across all world economies, accounted for 29% of global gross exports in 29, according to research by ESCAP (214). In addition, there has been

More information

Indonesia s Challenges toward Industrial Upgrading

Indonesia s Challenges toward Industrial Upgrading Indonesia = Japan 2 nd Industrial Dialogue JICA mission @ Bappenas Indonesia s Challenges toward Industrial Upgrading 11 August 2017 Yuri Sato Executive Vice President Institute of Developing Economies

More information

APEC s Sustainable Economic Development & Economic Integration Through ICT/Electronics

APEC s Sustainable Economic Development & Economic Integration Through ICT/Electronics 2008/SOM1/MAG/WKSP/009 Session: 3 APEC s Sustainable Economic Development & Economic Integration Through ICT/Electronics Submitted by: Matsushita Electric Industrial Co. Workshop on Information Technology

More information

North Carolina Exports by Quarter (in constant 2Q 2013 dollars)

North Carolina Exports by Quarter (in constant 2Q 2013 dollars) P. 1/6 in Billions in Billions 1 North Carolina Trade Report 1, First Half of 2013 Exports from North Carolina play an increasingly important role in the state s economic recovery and job growth. That

More information

The 2015 ASEAN Community Building & Post-2015 ASEAN. AKP Mochtan Deputy Secretary-General Community & Corporate Affairs ASEAN

The 2015 ASEAN Community Building & Post-2015 ASEAN. AKP Mochtan Deputy Secretary-General Community & Corporate Affairs ASEAN The 2015 ASEAN Community Building & Post-2015 ASEAN AKP Mochtan Deputy Secretary-General Community & Corporate Affairs ASEAN ASEAN: Association of South East Asian Nations 10 MEMBER STATES Brunei Darussalam

More information

Taiwanese Investment and Trade Structure

Taiwanese Investment and Trade Structure Taiwanese Investment and Trade Structure Wang Wen-Thuen Research Fellow, International Division, CIER There is as yet no consensus among economists as to whether the relationship between trade and investment

More information

MONGOLIA S TRADE DIVERSIFICATION

MONGOLIA S TRADE DIVERSIFICATION MONGOLIA S TRADE DIVERSIFICATION by D.Nachin Senior Officer, Foreign Investment and Foreign Trade Agency of Mongolia ESCAP/UNCTAD/WTO/ARTNet Research Work shop on Trade Diversification in the Context of

More information

Opportunities for Australian grain in South East Asia and implications of the ASEAN Free Trade Area. James Campbell Head of Agribusiness, China

Opportunities for Australian grain in South East Asia and implications of the ASEAN Free Trade Area. James Campbell Head of Agribusiness, China Opportunities for Australian grain in South East Asia and implications of the ASEAN Free Trade Area James Campbell Head of Agribusiness, China March 2015 CONTENTS 2 AUSTRALIA GRAIN INDUSTRY OVERVIEW 3

More information

Linking into Global Value Chains Is Not Sufficient: Do You Export Domestic Value Added Contents?

Linking into Global Value Chains Is Not Sufficient: Do You Export Domestic Value Added Contents? Linking into Global Value Chains Is Not Sufficient: Do You Export Domestic Value Added Contents? Journal of Economic Integration Vol.29 No.2, June 2014, 267~297 Linking into Global Value Chains Is Not

More information

European Union, Trade in goods with South Korea

European Union, Trade in goods with South Korea European Union, Trade in goods with South Korea Table of Contents pg - Key Figures 2 - / 2016 2 - - AMA/NAMA product Groups 2 - - SITC product Groups 2 - - Top 5 - HS sections 2 - - Top 5 - SITC sections

More information

Victor Zhou, International Copper Association. Copper Production, Flow and Usage in Southeast Asia Current and Future

Victor Zhou, International Copper Association. Copper Production, Flow and Usage in Southeast Asia Current and Future Victor Zhou, International Copper Association Copper Production, Flow and Usage in Southeast Asia Current and Future Content Macroeconomic Overview Copper Production & Flow from Concentrate to Semis Copper

More information

Curriculum Design Statement

Curriculum Design Statement Curriculum Design Statement Regional Training Course on Promoting Cross-Border Trade through Value Chain Development 123 Khon Kaen University, Khon Kaen 40002, Thailand Fax: +66 (0) 4334 3131 Tel: +66

More information

Vertical Specialisation in Trade: the case of Malaysia*

Vertical Specialisation in Trade: the case of Malaysia* Preliminary Draft Vertical Specialisation in Trade: the case of Malaysia* Wai-Heng Loke Division of Economics University of Nottingham Ningbo China waiheng.loke@nottingham.edu.cn Abstract: The development

More information

The h e A ss A ociat a i t on o f f South t e h a e s a t Asi A an a Na Na i t ons (A S (A EAN) ASEAN FOUNDATION

The h e A ss A ociat a i t on o f f South t e h a e s a t Asi A an a Na Na i t ons (A S (A EAN) ASEAN FOUNDATION Corporate Social Responsibility in ASEAN Corporate Social Responsibility Seminar 19 March 2010 Singapore Presented by: Dr. FilemonA. Uriarte, Jr. Executive Director ASEAN Foundation The Association of

More information

European Union, Trade in goods with MEDA (excluding EU) - (Mediterranean Countries In The Euro-Mediterranean Partnership)

European Union, Trade in goods with MEDA (excluding EU) - (Mediterranean Countries In The Euro-Mediterranean Partnership) European Union, Trade in goods with MEDA (excluding EU) - (Mediterranean Countries In The Euro- MEDA (excluding EU) - (Mediterranean Countries In The Euro- Albania, Algeria, Bosnia-Herzegovina, Egypt,

More information

Export Breached RM80 billion, Highest on Record

Export Breached RM80 billion, Highest on Record 5 May ECONOMIC REVIEW March External Trade Export Breached RM80 billion, Highest on Record Exports continued to expand by double-digit growth in March. For the first time, exports value reached the highest

More information

EXECUTIVE SUMMARY. Economic Outlook for Southeast Asia, China and India Special supplement: Update June 2016 UPDATE

EXECUTIVE SUMMARY. Economic Outlook for Southeast Asia, China and India Special supplement: Update June 2016 UPDATE EXECUTIVE SUMMARY Economic Outlook for Southeast Asia, China and India 2016 Special supplement: Update June 2016 UPDATE JUNE 2016 Executive Summary: update on the Economic Outlook for Southeast Asia, China

More information

Proposal for Improving the Business Environment in Lao PDR - Based on a JETRO survey on business needs -

Proposal for Improving the Business Environment in Lao PDR - Based on a JETRO survey on business needs - Proposal for Improving the Business Environment in Lao PDR - Based on a JETRO survey on business needs - July 4, 2015 Japan External Trade Organization (JETRO) Promote Good Connectivity with Neighboring

More information

The Route of Informationization to Promote Agricultural Modernization of Yunnan Province of China

The Route of Informationization to Promote Agricultural Modernization of Yunnan Province of China China-USA Business Review, January 2016, Vol. 15, No. 1, 50-54 doi: 10.17265/1537-1514/2016.01.005 D DAVID PUBLISHING The Route of Informationization to Promote Agricultural Modernization of Yunnan Province

More information

European Union, Trade in goods with ACP -- West Africa

European Union, Trade in goods with ACP -- West Africa European Union, Trade in goods with ACP -- West Africa ACP -- West Africa Benin, Burkina Faso, Cape Verde, Gambia, Ghana, Guinea, Guinea Bissau, Ivory Coast, Liberia, Mali, Mauritania, Niger, Nigeria,

More information

Current Development Situations of China Coal Industry & Expectation of the Thirteenth Five-year Plan

Current Development Situations of China Coal Industry & Expectation of the Thirteenth Five-year Plan Current Development Situations of China Coal Industry & Expectation of the Thirteenth Five-year Plan He Youguo, President China Coal Information Institute Tel:0086-10-84657818 Email: heyg@coalinfo.net.cn

More information

Developing a Regional Roadmap on Energy Connectivity. China Electric Power Planning & Engineering Institute Bangkok

Developing a Regional Roadmap on Energy Connectivity. China Electric Power Planning & Engineering Institute Bangkok Developing a Regional Roadmap on Energy Connectivity China Electric Power Planning & Engineering Institute 2017.12 Bangkok Outline 1. Current Status of Energy Connectivity 2. Potential Analysis in the

More information

2016 Global Manufacturing Competitiveness Index Report highlights

2016 Global Manufacturing Competitiveness Index Report highlights 2016 Global Manufacturing Competitiveness Index Report highlights Years of successful collaboration exploring manufacturing competitiveness In collaboration with leading organizations, Deloitte has explored

More information

Information Technology for Thai Leather SME Development

Information Technology for Thai Leather SME Development Information Technology for Thai Leather SME Development Siriporn Chirasirimongkol and Wichian Chutimaskul The School of Information Technology King Mongkut s University of Technology Thonburi 91 Prachauthit

More information

Analysis of Transboundary Movements of Hazardous Wastes and Other Wastes in Asia

Analysis of Transboundary Movements of Hazardous Wastes and Other Wastes in Asia Analysis of Transboundary Movements of Hazardous Wastes and Other Wastes in Asia The current status of transboundary movements of hazardous wastes and other wastes in accordance with the Basel Convention

More information

China and Indonesia Coal Trade Present and Future after the 2008 Financial Crisis

China and Indonesia Coal Trade Present and Future after the 2008 Financial Crisis SHS Web of Conferences 6, 01001 (2014) DOI: 10.1051/ shsconf/20140601001 C Owned by the authors, published by EDP Sciences, 2014 China and Indonesia Coal Trade Present and Future after the 2008 Financial

More information

MINISTERIAL UNDERSTANDING ON ASEAN COOPERATION IN MINERALS

MINISTERIAL UNDERSTANDING ON ASEAN COOPERATION IN MINERALS MINISTERIAL UNDERSTANDING ON ASEAN COOPERATION IN MINERALS We, the Ministers responsible for minerals and mines representing the Member Countries of the Association of Southeast Asian Nations (ASEAN),

More information

Key Outcomes of the 49 th ASEAN Economic Ministers Meeting and Related Meetings 7-11 September 2017, Pasay City, Philippines

Key Outcomes of the 49 th ASEAN Economic Ministers Meeting and Related Meetings 7-11 September 2017, Pasay City, Philippines Key Outcomes of the 49 th ASEAN Economic Ministers Meeting and Related Meetings 7-11 September 2017, Pasay City, Philippines The 49th ASEAN Economic Ministers (AEM) Meeting was held on 7 September 2017

More information

European Union, Trade in goods with Uganda

European Union, Trade in goods with Uganda European Union, Trade in goods with Uganda Table of Contents pg - Key Figures 2 - / 2017 2 - - AMA/NAMA product Groups 2 - - SITC product Groups 2 - - Top 5 - HS sections 2 - - Top 5 - SITC sections 2

More information

MANUFACTURING IN IOWA

MANUFACTURING IN IOWA MANUFACTURING IN IOWA NOVEMBER 2011 INSIDE: SECTOR SIZE 2 KEY INDUSTRIES EARNINGS 4 EXPORTS 5 JOB TRENDS 6 GDP TRENDS 7 COUNTY DEPENDENCE 3 8 OVERVIEW Iowa s competitive strengths in manufacturing emerged

More information

Who Gained Market Share in Indonesian Manufacturing?

Who Gained Market Share in Indonesian Manufacturing? Who Gained Market Share in Indonesian Manufacturing? Sadayuki Takii and Eric D. Ramstetter ICSEAD and Graduate School of Economics, Kyushu University Working Paper Series Vol. 2008-14 March 2008 The views

More information

Annual Report 2015 Bangkok Bank Public Company Limited

Annual Report 2015 Bangkok Bank Public Company Limited 4 Reaching Out As Thailand becomes part of a much wider international community, businesses need to think regionally to prosper locally and individuals need to be aware that the AEC will bring changes

More information

INDONESIA PACKAGING MACHINERY MARKET ASSESSMENT. An Analysis of Market Opportunities for Packaging Machinery Manufacturers

INDONESIA PACKAGING MACHINERY MARKET ASSESSMENT. An Analysis of Market Opportunities for Packaging Machinery Manufacturers 2016 INDONESIA PACKAGING MACHINERY MARKET ASSESSMENT An Analysis of Market Opportunities for Packaging Machinery Manufacturers PRODUCED BY PMMI 11911 Freedom Drive Suite 600 Reston, VA 20190 USA 2016

More information

Research on Upgrading of Chinese Automobile Industry Value Chain Jun-Qing Liu 1,a

Research on Upgrading of Chinese Automobile Industry Value Chain Jun-Qing Liu 1,a International Conference on Management Science and Management Innovation (MSMI 2015) Research on Upgrading of Chinese Automobile Industry Value Chain Jun-Qing Liu 1,a 1 Shandong University of Finance and

More information

HR Connect Asia Pacific

HR Connect Asia Pacific China and Hong Kong Compensation Trends and Outlook By Peter Zhang, Vice-President, Aon Hewitt China and Tzeitel Fernandes, Principal and Broad Based Rewards and Executive Compensation Leader, Aon Hewitt

More information

The Impacts of an East Asia Free Trade Agreement on Foreign Trade in East Asia. Shujiro Urata and Kozo Kiyota

The Impacts of an East Asia Free Trade Agreement on Foreign Trade in East Asia. Shujiro Urata and Kozo Kiyota The Impacts of an East Asia Free Trade Agreement on Foreign Trade in East Asia Shujiro Urata and Kozo Kiyota 1. Introduction The world economy has been witnessing the surge in free trade area (FTA) since

More information

Research on China's power industry investment in Kazakhstan. Gao Yang

Research on China's power industry investment in Kazakhstan. Gao Yang International Conference on Energy and Environmental Protection (ICEEP 2016) Research on China's power industry investment in Kazakhstan Gao Yang The Central Asian Economic Research Institute, China (Xinjiang)

More information

T he Asian economic and financial crisis

T he Asian economic and financial crisis Patricia S. Pollard is an economist and Research Officer at the Federal Reserve Bank of St. Louis. Cletus C. Coughlin is a vice president and the Associate Director of Research at the Federal Reserve Bank

More information

Data in digital trade debates: focus on RCEP negotiations. Anita Gurumurthy IT for Change October 2017

Data in digital trade debates: focus on RCEP negotiations. Anita Gurumurthy IT for Change October 2017 Data in digital trade debates: focus on RCEP negotiations Anita Gurumurthy IT for Change October 2017 What is the RCEP? FTA in the Asia-Pacific region, covering ASEAN plus six. (Brunei, Cambodia, Indonesia,

More information

Toward E & E Cooperation in East Asia. March 4, 2009 Gen Ito President JETRO New York Center

Toward E & E Cooperation in East Asia. March 4, 2009 Gen Ito President JETRO New York Center 1 Toward E & E Cooperation in East Asia March 4, 2009 Gen Ito President JETRO New York Center World s s CO2 Emissions Indonesia 335Mt Thailand 217Mt US (20%) 5,697Mt Malaysia 154Mt Vietnam 83Mt Philippines

More information

MALAYSIA S PRODUCTIVITY CHALLENGE: IN WHAT WAYS CAN MALAYSIA INCREASE PRODUCTIVITY TO REMAIN COMPETITIVE by HJ. SHAMSUDDIN BARDAN EXECUTIVE DIRECTOR

MALAYSIA S PRODUCTIVITY CHALLENGE: IN WHAT WAYS CAN MALAYSIA INCREASE PRODUCTIVITY TO REMAIN COMPETITIVE by HJ. SHAMSUDDIN BARDAN EXECUTIVE DIRECTOR MALAYSIA S PRODUCTIVITY CHALLENGE: IN WHAT WAYS CAN MALAYSIA INCREASE PRODUCTIVITY TO REMAIN COMPETITIVE by HJ. SHAMSUDDIN BARDAN EXECUTIVE DIRECTOR Perdana Leadership Foundation CEO Forum 2012 Berjaya

More information

MARKET ENTRY SOLUTIONS IN THE WORLD S LARGEST ECONOMY

MARKET ENTRY SOLUTIONS IN THE WORLD S LARGEST ECONOMY MARKET ENTRY SOLUTIONS IN THE WORLD S LARGEST ECONOMY 0 OVERVIEW Marketing that Works Pte Ltd is an international business and management consulting firm based in Singapore, and in line with our corporate

More information

Pakistan s International Competitiveness over Asia and Europe

Pakistan s International Competitiveness over Asia and Europe Pakistan Journal of Commerce and Social Sciences 2016, Vol. 10 (2), 359-367 Pak J Commer Soc Sci Pakistan s International Competitiveness over Asia and Europe Abstract Shujaat Abbas Department of Economics,

More information

Changing Face of Industrial

Changing Face of Industrial Changing Face of Industrial ASEAN Gold Rush Population of 623m USD 65billion in e-commerce expected by 2020 USD2.3bn e-commerce revenue in Malaysia in 2016 USD2.1bn e-commerce revenue in Thailand in 2016

More information

CHINA-V4 TRADE RELATIONS A CZECH PERSPECTIVE

CHINA-V4 TRADE RELATIONS A CZECH PERSPECTIVE CHINA-V4 TRADE RELATIONS A CZECH PERSPECTIVE Current Trends and Perspectives in Development of China-V4 Trade and Investment. 12-14 March 2014 Bratislava Ing. Tereza De Castro Ing. Zuzana Stuchlíková,

More information

Japan s s International Cooperation for the 3Rs in Asia

Japan s s International Cooperation for the 3Rs in Asia Japan s s International Cooperation for the 3Rs in Asia Hidetoshi Kimura Director, Policy Planning Division, Waste Management and Recycling Department Ministry of the Environment, Japan Development of

More information

REPORT ON THE APO STUDY MEETING ON STRATEGIC MERGER & ACQUISITION FOR SMEs

REPORT ON THE APO STUDY MEETING ON STRATEGIC MERGER & ACQUISITION FOR SMEs REPORT ON THE APO STUDY MEETING ON STRATEGIC MERGER & ACQUISITION FOR SMEs Dr. Christopher Kummer, Institute of Mergers, Acquisitions and Alliances (IMAA) ASIAN PRODUCTIVITY ORGANIZATION Introduction The

More information

Component trade and China s global economic integration

Component trade and China s global economic integration 5 Component trade and China s global economic integration Component trade and China s global economic integration Kunwang Li, Ligang Song and Xingjun Zhao A symbol of China s economic integration into

More information

Capacity Building Assistance: Moral Imperative or Common Sense?

Capacity Building Assistance: Moral Imperative or Common Sense? Capacity Building Assistance: Moral Imperative or Common Sense? Global Food Safety Policy Forum Washington DC, October 14 th 2009 Paul B Young, PhD Waters Corporation 2008 Waters Corporation Proposals

More information

Perspective of Agri-related PVP

Perspective of Agri-related PVP Yezin, Myanmar Perspective of Agri-related PVP System Pa Pa Win PVP Section, DAR, Myanmar email: papawin08@gmail.com 22.1.2018 Importance of PVP System The International Union For The Protection Of New

More information

VIETNAM S AGRICULTURE: A STRATEGY TOWARD WTO

VIETNAM S AGRICULTURE: A STRATEGY TOWARD WTO VIETNAM S AGRICULTURE: A STRATEGY TOWARD WTO (Ministry of Agriculture and Rural Development) I. RECENT SITUATION OF AGRICULTURAL DEVELOPMENT For 15 years, agriculture-forestry has achieved a continuous

More information

Nay Pyi Taw Declaration on. Realisation of the ASEAN Community by May 2014

Nay Pyi Taw Declaration on. Realisation of the ASEAN Community by May 2014 Nay Pyi Taw Declaration on Realisation of the ASEAN Community by 2015 11 May 2014 We, the Heads of State/ Government of the Member States of the Association of Southeast Asian Nations (hereinafter referred

More information

LITHUANIAN-RUSSIAN BILATERAL TRADE overview

LITHUANIAN-RUSSIAN BILATERAL TRADE overview SUMMARY LITHUANIAN-RUSSIAN BILATERAL TRADE overview Published: 16.11.2016 Trade turnover between Lithuania and Russia amounted to 7.3 billion euro in 2015 and decreased 3.2 billion euro or 30% compared

More information

Benedikt Seemann Resident Representative. Konrad-Adenauer-Stiftung

Benedikt Seemann Resident Representative. Konrad-Adenauer-Stiftung Benedikt Seemann Resident Representative Konrad-Adenauer-Stiftung Integrity as a Key for Successful Local Governments Corruption Perceptions Index 2016 Results Country Ranking (out of 176 countries) Scores

More information

Solar PV in ASEAN Challenges and Opportunities. Peerapat Vithayasrichareon Centre for Energy and Environmental Markets (CEEM), UNSW Australia

Solar PV in ASEAN Challenges and Opportunities. Peerapat Vithayasrichareon Centre for Energy and Environmental Markets (CEEM), UNSW Australia Solar PV in ASEAN Challenges and Opportunities Peerapat Vithayasrichareon Centre for Energy and Environmental Markets (CEEM), UNSW Australia ESI Workshop on the value of PV in Singapore 18 February 2016

More information

LITHUANIA-DENMARK BILATERAL TRADE review

LITHUANIA-DENMARK BILATERAL TRADE review LITHUANIA-DENMARK BILATERAL TRADE review Published: 01.08.2017 SUMMARY Denmark is one of the most important trade partners for Lithuania. In 2016 the trade turnover in goods between the two countries slightly

More information

ASIA 2020 PROGRESSING, PREPARED OR PESSIMISTIC?

ASIA 2020 PROGRESSING, PREPARED OR PESSIMISTIC? ASIA 2020 PROGRESSING, PREPARED OR PESSIMISTIC? Regan Leggett 9 March 2016 1 TODAY S PRESENTER Regan James Leggett Regan.leggett@nielsen.com Executive Director, Thought Leadership & Foresight Nielsen 2

More information

City of Hamilton. The current and future state of Hamilton s advanced manufacturing sector

City of Hamilton. The current and future state of Hamilton s advanced manufacturing sector City of Hamilton The current and future state of Hamilton s advanced manufacturing sector October 2013 Advanced manufacturing is best viewed as a cluster of economic activities encompassing much more than

More information

Does ASEAN Freer Trade Benefit Malaysia?

Does ASEAN Freer Trade Benefit Malaysia? MPRA Munich Personal RePEc Archive Does ASEAN Freer Trade Benefit Malaysia? Jamal Othman and Jafari Yaghoob Universiti Kebangsaan Malaysia 2. June 2009 Online at http://mpra.ub.uni-muenchen.de/20368/ MPRA

More information

Embassy of Denmark in Vietnam 2 / 10

Embassy of Denmark in Vietnam 2 / 10 Date July 2015 1. Keywords... 2 2. Abstract... 2 3. Introduction... 2 4. Sector Overview... 3 5. Government policy... 7 6. Opportunities for Danish companies... 8 7. Conclusion... 8 Transport, Logistics,

More information

CHINA'S INVOLVEMENT IN COAL-FIRED POWER PROJECTS ALONG THE BELT AND ROAD. Ren Peng, Liu Chang and Zhang Liwen GLOBAL ENVIRONMENTAL INSTITUTE MAY 2017

CHINA'S INVOLVEMENT IN COAL-FIRED POWER PROJECTS ALONG THE BELT AND ROAD. Ren Peng, Liu Chang and Zhang Liwen GLOBAL ENVIRONMENTAL INSTITUTE MAY 2017 CHINA'S INVOLVEMENT IN COAL-FIRED POWER PROJECTS ALONG THE BELT AND ROAD Ren Peng, Liu Chang and Zhang Liwen GLOBAL ENVIRONMENTAL INSTITUTE MAY 217 May, 217 1 The Paris Agreement demonstrates the global

More information

Confindustria-BDI Bilateral Summit

Confindustria-BDI Bilateral Summit Contents Page Confindustria-BDI Bilateral Summit Bolzano / Bozen, 21 st - 22 nd October 2013 Roland Berger Strategy Consultants 1 2 Acknowledgements > Roland Berger Strategy Consultants would like to thank

More information

Overview of ASEAN-China Dialogue Relations

Overview of ASEAN-China Dialogue Relations Introduction Overview of ASEAN-China Dialogue Relations ASEAN-China Dialogue Relations commenced when H.E. Qian Qichen, the then Foreign Minister of the People s Republic of China, attended the opening

More information

Production Networks and Regional Integration: Role of Economic Corridor Case Study of India s Trade in P&C with Southeast Asia

Production Networks and Regional Integration: Role of Economic Corridor Case Study of India s Trade in P&C with Southeast Asia Production Networks and Regional Integration: Role of Economic Corridor Case Study of India s Trade in P&C with Southeast Asia Prabir De RIS, New Delhi ARTNeT Research Workshop: Trade and Investment for

More information

Exploring opportunities in China s Food & Agriculture Business

Exploring opportunities in China s Food & Agriculture Business Mizuho Bank, Ltd., Hong Kong Corporate Banking Department No.1 China ASEAN Research & Advisory Section November 2017 Exploring opportunities in China s Food & Agriculture Business Utilizing foreign technologies

More information

Yokogawa Engineering Asia

Yokogawa Engineering Asia 2008 Frost & Sullivan Asia Pacific Industrial Technologies Awards DCS Company of the Year Yokogawa Engineering Asia The 2008 Frost & Sullivan Asia Pacific Company of the Year Award for Distributed Control

More information

August IPI Beats Expectation up 6.8%, Highest in 2 ½ Years.

August IPI Beats Expectation up 6.8%, Highest in 2 ½ Years. 12 October 20 ECONOMIC REVIEW August 20 Industrial Production Index August IPI Beats Expectation up 6.8%, Highest in 2 ½ Years. IPI expanded above market expectations. Malaysia s industrial production

More information

A world in transition: PwC s 2017 APEC CEO Survey, November APEC CEO Survey. Indonesia findings.

A world in transition: PwC s 2017 APEC CEO Survey, November APEC CEO Survey. Indonesia findings. A world in transition: PwC s 2017 APEC CEO Survey, November 2017 2017 APEC CEO Survey Indonesia findings www.pwc.com/apec Key themes Making of the workforce of the future An operating model for a fluid

More information

COPING WITH INCREASING NEEDS FOR INSPECTIONS: ASEAN INITIATIVES. Abida Syed M Haq Ministry of Health, Malaysia

COPING WITH INCREASING NEEDS FOR INSPECTIONS: ASEAN INITIATIVES. Abida Syed M Haq Ministry of Health, Malaysia COPING WITH INCREASING NEEDS FOR INSPECTIONS: ASEAN INITIATIVES Abida Syed M Haq Ministry of Health, Malaysia Presentation Outline About ASEAN Background Economic Integration Current Scenario Acceptable

More information

1) The broadening set of interdependent relationships among people from different parts of the world is known as.

1) The broadening set of interdependent relationships among people from different parts of the world is known as. 1) The broadening set of interdependent relationships among people from different parts of the world is known as A) globalization B) offshoring C) franchising D) outsourcing Answer: A Page Ref: 49 2) Although

More information

The Role of Clean Energy and Renewables in the Lower Mekong Energy Scenario

The Role of Clean Energy and Renewables in the Lower Mekong Energy Scenario ADB Clean Energy Week Workshop on Renewables in the Lower Mekong Region The Role of Clean Energy and Renewables in the Lower Mekong Energy Scenario Venkatachalam Anbumozhi Economic Research Institute for

More information

POLICY NOTE 1. Why the Manufacturing Sector Still Matters for Growth and Development in Indonesia

POLICY NOTE 1. Why the Manufacturing Sector Still Matters for Growth and Development in Indonesia POLICY NOTE 1 Why the Manufacturing Sector Still Matters for THE WORLD BANK OFFICE JAKARTA Indonesia Stock Exchange Building, Tower II/12-13th Fl. Jl. Jend. Sudirman Kav. 52-53 Jakarta 12910 Tel: (6221)

More information

China s automobile Import and Export Trade Status Analysis Based On The Product Life Cycle Theory

China s automobile Import and Export Trade Status Analysis Based On The Product Life Cycle Theory International Conference on Education, Management and Computing Technology (ICEMCT 2015) China s automobile Import and Export Trade Status Analysis Based On The Product Life Cycle Theory Hu Yongjun Guangzhou

More information

Trade and Facilitation

Trade and Facilitation Trade and Facilitation Trade and Facilitation Trade Facilitation in ASEAN As Brunei Darussalam, Indonesia, Malaysia, Philippines, Singapore and Thailand have eliminated the import duties on 99.65% of traded

More information

Upcoming Energy & Infrastructure Projects in India & South East Asia Region

Upcoming Energy & Infrastructure Projects in India & South East Asia Region Upcoming Energy & Infrastructure Projects in India & South East Asia Region - 2018 Country Wise Track of Forthcoming Oil & Gas Projects, Thermal Power Plant Projects, Power Transmission Projects, Wind

More information

The New Economic Relationship Between Taiwan and Japan

The New Economic Relationship Between Taiwan and Japan The New Economic Relationship Between Taiwan and Japan Madoka Hukuda Kaori Iwamoto Kentaro Takechi Takahiro Tsuchiya Subaru Yamakage Tsuyoshi Yokokawa Introduction Today, we are going to present the new

More information

International Seminar on Early Warning and Business Cycle Indicators. 14 to 16 December 2009 Scheveningen, The Netherlands

International Seminar on Early Warning and Business Cycle Indicators. 14 to 16 December 2009 Scheveningen, The Netherlands ESA/STAT/AC.202/S4.5 International Seminar on Early Warning and Business Cycle Indicators 14 to 16 December 2009 Scheveningen, The Netherlands Tracking the Mexican business cycle Yuriko Yabuta Mexico 2

More information

Executive Summary Central region Number of establishments by division of industry manufacturing

Executive Summary Central region Number of establishments by division of industry manufacturing Executive Summary At present the structure of business trade, services and industrial activity, has changed dramatically. There are new kind of business in the economy, including the small scale industries

More information

Trading patterns: Global and regional perspectives

Trading patterns: Global and regional perspectives Chapter V Trading patterns: Global and regional perspectives World merchandise trade in value terms fell by 3 per cent in 2016 following a 13 per cent slump recorded in 2015, with trade growth remaining

More information

Project: Aluminum Plate & Sheet. Prepared by: Reciprocus International Date: December 2016

Project: Aluminum Plate & Sheet. Prepared by: Reciprocus International Date: December 2016 Project: Aluminum Plate & Sheet Prepared by: Reciprocus International Date: December 2016 Table of Contents Executive Summary 2 Macroeconomic Outlook of the Industry 3 Industry Outlook and Analysis 4 Regional

More information

WHITE PAPER MADE IN AUSTRALIA EXPORTING GLOBALLY. Your guide to exporting overseas.

WHITE PAPER MADE IN AUSTRALIA EXPORTING GLOBALLY. Your guide to exporting overseas. WHITE PAPER MADE IN AUSTRALIA EXPORTING GLOBALLY Your guide to exporting overseas. 1. WHITE PAPER Contents 01. A national exporting outlook 02. Opportunities for Victorian exporters 03. Advantages to exporting

More information

A Study of Taiwan S Export Competitiveness Based on the CMS Model

A Study of Taiwan S Export Competitiveness Based on the CMS Model A Study of Taiwan S Export Competitiveness Based on the CMS Model Chen-Lin Chien, Department of International Trade, Takming University of Science and Technology, Taiwan Yu-Je Lee, Department of Marketing

More information

Alberta s Manufacturing Industry is Recovering in 2017

Alberta s Manufacturing Industry is Recovering in 2017 ECONOMIC COMMENTARY Alberta s Manufacturing Industry is Recovering in 2017 Highlights: Alberta s manufacturing industry was in recession in 2015 and 2016 as a result of the dramatic drop in crude oil prices.

More information

RAPID economic growth in several Asian economies, particularly those

RAPID economic growth in several Asian economies, particularly those Changing Comparative Advantage and the Changing Composition of Asian Exports Dilip K. Das 1. INTRODUCTION RAPID economic growth in several Asian economies, particularly those from East and Southeast Asia,

More information

Joint Ministerial Statement The14 th ASEAN+3 (China, Japan and Korea) Ministers on Energy Meeting 28 September 2017, Pasay City, Philippines

Joint Ministerial Statement The14 th ASEAN+3 (China, Japan and Korea) Ministers on Energy Meeting 28 September 2017, Pasay City, Philippines Joint Ministerial Statement The14 th ASEAN+3 (China, Japan and Korea) Ministers on Energy Meeting 28 September 2017, Pasay City, Philippines Introduction 1. The 14 th ASEAN+3 (China, Japan and Korea) Ministers

More information

IAL Consultants CP House, Uxbridge Road Ealing, London W5 5TL UK Tel: Fax:

IAL Consultants CP House, Uxbridge Road Ealing, London W5 5TL UK Tel: Fax: IAL Consultants CP House, 97 107 Uxbridge Road Ealing, London W5 5TL UK Tel: + 44 20 8832 7780 Fax: + 44 20 8566 4931 PRESS RELEASE SEPTEMBER 2015 POLYURETHANE CHEMICALS AND PRODUCTS IN ASIA PACIFIC (APAC),

More information

THE IMPACT OF THE GLOBAL CRISIS ON UKRAINIAN EXPORTS AND IMPORTS OF GOODS

THE IMPACT OF THE GLOBAL CRISIS ON UKRAINIAN EXPORTS AND IMPORTS OF GOODS THE IMPACT OF THE GLOBAL CRISIS ON UKRAINIAN EXPORTS AND IMPORTS OF GOODS IULIIA DIACHENKO As the global economic outlook has worsened, Ukraine as an open emerging economy has been badly affected. For

More information

Strategies to Improve the Efficiency of Chinese Agricultural Products Circulation

Strategies to Improve the Efficiency of Chinese Agricultural Products Circulation International Conference on Economic Management and Trade Cooperation (EMTC 2014) Strategies to Improve the Efficiency of Chinese Agricultural Products Circulation De-Shu KONG 1,2,a, Cheng-Bo HU 3,b,*

More information

11. Potato marketing in North Sumatra and an assessment of Indonesian potato trade 1

11. Potato marketing in North Sumatra and an assessment of Indonesian potato trade 1 11. Potato marketing in North Sumatra and an assessment of Indonesian potato trade 1 Witono Adiyoga, Keith O. Fuglie and Rachman Suherman Introduction Potato production in Indonesia has rapidly grown over

More information

Comparative Research on States of Cross-Border Electricity Supplier Logistics

Comparative Research on States of Cross-Border Electricity Supplier Logistics Theoretical Economics Letters, 2016, 6, 726-730 Published Online August 2016 in SciRes. http://www.scirp.org/journal/tel http://dx.doi.org/10.4236/tel.2016.64076 Comparative Research on States of Cross-Border

More information

Japan s International Cooperation for Resource Efficiency and the 3Rs

Japan s International Cooperation for Resource Efficiency and the 3Rs 22/2/2016 (Mon) Japan s International Cooperation for Resource Efficiency and the 3Rs Kazuhisa MATSUDA Director Office of Sound Material-Cycle Society, Waste Management and Recycling Department Ministry

More information

Statistics Overview. Vancouver Fraser Port Authority

Statistics Overview. Vancouver Fraser Port Authority Statistics Overview Vancouver Fraser Port Authority 2017 Table of contents Overview 1 Foreign vessel traffic 2 Cargo summary by sector 2 Bulk sector 3 Container units and TEUs 4 Container sector 5 Breakbulk

More information

Table 1 shows the general form of China 2010 I-O Table:

Table 1 shows the general form of China 2010 I-O Table: China Liu Yu 1 and Jie Chen The original 2010 Input-Output Table doesn t have multi-product sector. After some adjustments, the data tables are reclassified and re-balanced to provide the matrices required

More information

MALAYSIAN BILATERAL TRADE RELATIONS AND ECONOMIC GROWTH 1

MALAYSIAN BILATERAL TRADE RELATIONS AND ECONOMIC GROWTH 1 MALAYSIAN BILATERAL TRADE RELATIONS AND ECONOMIC GROWTH 1 ABSTRACT Mohammed B. Yusoff 2 This paper examines the structure and trends of Malaysian bilateral exports and imports and then investigates whether

More information

CONECT: Northeast Trade & Transportation Conference. New Trends in Overseas Sourcing: Sourcing from China

CONECT: Northeast Trade & Transportation Conference. New Trends in Overseas Sourcing: Sourcing from China CONECT: Northeast Trade & Transportation Conference New Trends in Overseas Sourcing: Sourcing from China March 11, 2010 Prepared by The JLJ Group Solutions for China Entry & Growth 1 DISCUSSION COVERS

More information