CHINA LIFTS AUSTRALIAN BEEF BAN: China has this week lifted its last two suspensions of Australian meat processing plants. It originally banned exports from 10 plants at the height of a $20 billion trade row in 2020. Trade Minister Farrell said Australia was close to all trade impediments with China being removed. THAILAND REACHES EUROPEAN TRADE AGREEMENT: Thailand and the European Free Trade Association (Iceland, Liechtenstein, Norway and Switzerland) have concluded negotiations for a free trade agreement. It includes goods,…
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By PBEC Executive Director – December 2024 DECEMBER 2024: A PBEC update on APEC 2025 agenda hosted by South Korea: Korea launched its chairmanship of APEC 2025, the first time in two decades that the nation is hosting the global forum, on Monday 11th December 2024 with the APEC Informal Senior Officials’ Meeting (ISOM) Symposium held in Seoul against a backdrop of political uncertainty over the past week. The symposium, hosted by the Ministry of Foreign Affairs, set the stage…
Climate change is intensifying, but so is the push to decarbonize. While many businesses have made progress tracking Scope 1 and 2 emissions, the focus is now shifting to #Scope3 — indirect emissions from supply chains. Explore KPMG’s report with PBEC – Pacific Basin Economic Council, Unlocking the Scope 3 Opportunity – Insights from Asia Pacific Businesses and watch our recent webinar discussion on the topic with regional leaders and subject matter experts, to get a view of how some organizations are…
The Ministry of Trade, Industry and Energy (MOTIE) of the Republic of Korea announced plans today with regard to launching the Korea-ASEAN Trade and Economic Think Tank Dialogue (“Dialogue”), proposed by Korean President Yoon Suk Yeol during the 25th Korea-ASEAN Summit held on October 10 in Vientiane, Lao PDR. The Dialogue was first proposed as a concrete joint project on the occasion of the bilateral Korea-ASEAN diplomatic relations advancing to a comprehensive strategic partnership in commemoration of this year marking…
AUSTRALIA PURSUES MAJOR TOURIST BOOST: Australia hosted more than 300 global travel experts in Perth this week as part of its G’Day Australia promotional initiative. Tourism Minister Farrell said G’Day Australia played a critical role in ensuring Australia remained a top choice with international travellers. ASEAN & CHINA CONCLUDE TRADE NEGOTIATIONS: ASEAN and China have substantially concluded negotiations for the ASEAN-China Free Trade Area Upgrade 3.0. It was first signed in 2002 and represented ASEAN’s first external FTA and China’s…
Several senior PBEC members & board of directors attended fellow Corporate Member ICAEW Annual Gala Dinner at the Grand Hyatt in Hong Kong on the 24th October. Over 260 senior executives, founders, CFO & CEO’s were in attendance co-hosted by Sir David Li Executive Chairman at Bank of East Asia & Alan Vallance the new CEO of ICAEW founded in 1880. Our own PBEC Chairman Andrew Weir MBE, BBS, JP who is a council member of ICAEW spoke at the…
New partnership is with Taiwan-headquartered Eos Rhea Metis (“ERM”), a network of experts specialising in enterprise and engineering risk management. By leveraging ERM’s extensive network across Mainland China, Hong Kong, Taiwan, and Southeast Asia, the partnership will provide QBE and its customers with complementary expert insights and specialised knowledge in support of engineering and property underwriting, enhanced risk assessment processes and wider market access. Read full PR here: https://enmobile.prnasia.com/releases/apac/qbe-announces-strategic-partnership-to-bolster-its-risk-engineering-capabilities-in-greater-china-465669.shtml
Attached is the full transcript of PBEC Michael Walsh opening remarks on Malaysia’s increasing importance to global supply chains within APAC with the development of its advanced industrial base. Partly due to the current Governments business friendly policies, reforms and tax incentives as well as a strong focus on investing in critical infrastructure which appeals to DFI investors. There are opportunities for particular States within Malaysia, one is Johor being well placed geographically next to Singapore and the other Penang for its…
You are cordially invited to register and join us at this upcoming live roundtable discussion with leading Latam subject matter experts. We have gathered leaders from academia on Latin America trade policy, international business and globalization economics from the D’Amore McKim School of Business at Northwestern University in California, a leading China/Latam-focused corporate services provider helping companies expand their business operations overseas across the Pan Pacific region and an advocate and lobbyist from the Mexican Air cargo transportation & logistics…
Our Annual General Meeting for 2024 will be held in November 2024. When: Thursday 28th November 2024 at 4pm to 5.30pm HK/SG local time. Where: Isola Capital’s ALOSI Lounge, Winsome House, 73 Wyndham Street, Central, Hong Kong SAR. PBEC Corporate Member and BoD Isola Capital have agreed to host this important annual gathering, followed by Thanksgiving networking drinks immediately after. Call to Action: I call upon all existing PBEC Board of Directors, PBEC members and partners of PBEC to register here, whether…