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South-east Asia cannot expect to see a wide-scale divergence of supply chains coming its way unless there are improvements in production technology & capacity, and regional integration, according to HSBC.
Singapore’s plan to work with the United States on infrastructure projects across South-east Asia will strengthen the economic corridor, but the success of this tie-up will depend upon continued innovation.
Singaporean companies are looking past cyclical downturns and trade tensions to China’s rising wealthy milllennials for future growth, a HSBC survey has found. Whilst businesses have mixed opinions on the best strategies to grow their exports to China, the majority agree that a price-led strategy is not sustainable, and that regional trade pacts will be an economic booster.
HSBC Singapore welcomes the signing of the EU-Singapore Free Trade Agreement (EUSFTA); a significant moment for the two dynamic economies and for ASEAN.
Eleven countries around the Pacific have signed a new trade deal that could give them an estimated economic boost of more than USD150 billion by 2030.
A decade-long journey comes to fruition with the signing of the CPTPP. It’s a major step forward for free trade, especially amid the current tariff-filled global trade environment.
India and ASEAN have much to gain from cooperating – rather than competing – on trade and investment, says HSBC Singapore's CEO Tony Cripps.