Economists' Pick - Highlight
25 Aug 2016
With more than 600 million people, the ASEAN bloc of countries constitutes the world’s third largest market, trailing only China and India and bigger than both the US or EU. Buttressed by robust GDP growth and expanding middle class populations, it is identified as a market of huge potential. Hong Kong companies charting inroads into the ASEAN market should take note of the economic diversity of its member countries.
Following the re-opening of the US embassy in Havana and the Cuban embassy in Washington D.C. in July 2015, trade restrictions on Cuba have been gradually loosened, offering a brand-new vision for Hong Kong traders. A detailed look at Cuba’s existing trade regime therefore becomes of vital importance.
With its economy struggling and political uncertainties, the Thai logistics sector has been becalmed, according to many at the Asia Warehousing/Cold Chain Show, but work from more lively neighbouring countries has provided a real lifeline.