According to several industry sources, US and Japanese officials are working hard to reach a small bilateral trade agreement involving agriculture and autos before US President Donald Trump and Japanese Prime Minister Shinzo Abe meet in New York in September. The deal could involve Japan giving US beef and pork farmers greater access to its... View Article

Week in Asia

Asia House Advisory's weekly round up of Asian trade and policy developments.

Data released by Enterprise Singapore has revealed that total non-oil exports slumped 17.3 per cent in June, as regional trade tensions continue to cause disruption. This represents the biggest drop in exports since February 2013. Singapore’s total trade fell by 7.2 per cent – the fourth straight month of export contraction, and sharply below analysts’... View Article

China’s economy grew at its weakest pace in almost three decades in Q2, according to figures released by the National Bureau of Statistics. The world’s second largest economy grew at 6.2 per cent year-on-year, a decline from the 6.4 per cent in the first quarter of 2019. This is the country’s slowest growth rate since... View Article

Assistant US Trade Representative for South and Central Asia, Christopher Wilson, has restarted talks with Indian officials ahead of a meeting with Commerce Minister Piyush Goyal on 12 July. Issues relating to data localisation and Indian retail policies are among the thorny issues that both sides have to address. The resumption of talks come as... View Article

Following last week’s truce in the US-China trade war, President Trump’s administration has relaxed the ban on US companies selling to Chinese telecom giant Huawei.  Two months ago, Huawei was placed on the US Commerce Department’s so called ‘entity list’, which bans US parts and components being sold to Huawei. The company is still on... View Article

Simmering trade tensions between Japan and South Korea have worsened after Tokyo refused to back down from imposing tighter export controls on materials crucial to the manufacturing of semiconductors and display panels in South Korea. The new measures, which will come into effect on 11 July, halt preferential treatment of the materials and would require... View Article

Asia House Advisory Board member Victor Chu, Chairman of First Eastern Investment Group, shared his analysis on the US-China trade tensions with Bloomberg this week, calling for clarity for the investment community. Chu identified trust between the negotiating parties as a key issue inhibiting a deal between the US and China, which US Treasury Secretary... View Article

China will open-up its financial services sector to foreign-owned companies a year earlier than planned, Premier Li Keqiang said this morning. Speaking at the World Economic Forum in Dalian, Li said China will allow majority foreign ownership of domestic securities companies by next year. “We will move up the lifting of foreign capital limits in... View Article

Markets have responded positively to Saturday’s G20 meeting between President Trump and President Xi, but there remains some distance to travel before a meaningful deal is struck. The two presidents met in the sidelines of the G20 in Osaka on Saturday and seem to have brought negotiations back on track, Reuters reports. President Trump told... View Article