Tag: Asean

China’s Strict IT Compliance Competes with RCEP

Posted in Compliance, Cyber security, Data Protection, Future, GeneralLeave a comment

The world’s largest free trade agreement, the Regional Comprehensive Economic Partnership (RCEP), has been in effect since Jan. 1, 2022. It allows companies in participating countries to engage in cross-border partnerships, tariff reductions and trade simplification. Over the next 20 years, up to 90% of tariffs incurred in the zone are expected to be eliminated.… Continue reading China’s Strict IT Compliance Competes with RCEP

US Companies are Shifting Their Investments from China to South- and Southeast Asia

Posted in GeneralLeave a comment

The survey result of the American Chamber of Commerce in Shanghai indicates that around 20% of the US companies in China are shifting their investments planned for China to other destinations, mostly to Southeast or South Asia. The reasons lie not only in the rising costs, but in a shortage of skilled workers and the… Continue reading US Companies are Shifting Their Investments from China to South- and Southeast Asia