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APEC Economies Report Improved Trade Finance, Discuss Free Trade

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The Asia Pacific Economic Cooperation forum has released a survey that shows an improvement in financing trade in more than half of their economies. The survey was released during APEC meetings in Singapore.

The survey released Monday indicates trade finance has since July improved in most APEC economies as more cash has become available.Twelve out of the 19 APEC economies surveyed said companies conducting trade had no serious problems accessing funds. That compares with eight out of 18 APEC economies surveyed that felt that way in July.The survey does not say which of APEC’s 21 economies were surveyed, but says they are optimistic that trade finance will ease further in the next six months.

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The survey comes as senior officials from APEC economies met for a second day in Singapore to discuss recovering from the global financial crisis and improving business in the Pacific Rim. Free trade agreements top the agenda – both agreements already in existence among members, and the proposed APEC agreement that would liberalize trade across the Pacific.Elizabeth Chelliah is chairwoman of APEC’s committee for trade and investment. She says APEC members need to learn what works in free trade agreements as they move toward creating an APEC-wide deal.”We can actually use a ready made FTA outside there as a possible vehicle so APEC can still concentrate on doing what it’s very good at doing – awareness, capacity building, dialogue issues,” Chelliah said. “And [as] economies become more comfortable I hope over the next year or two we will be able to set the timeline for development of this FTA.”Chelliah says APEC members have been studying how the European Union expanded its free trade area, as well as the ASEAN-Australia-New Zealand trade agreement and the Trans-Pacific Strategic Economic Partnership.Although there is no firm timetable for an APEC free trade agreement, Chelliah says there has been substantial progress on liberalizing trade among some members.

via VOA News – APEC Economies Report Improved Trade Finance, Discuss Free Trade.

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BoI plans more efforts to promote BCG economy

National News Bureau of Thailand

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BANGKOK (NNT) – The Board of Investment (BoI) is working with related agencies to rev up promotion of the bio-, circular and green (BCG) economy to help drive growth over the next 5 years.

BoI Secretary-General Duangjai Asawachintachit said the BoI is looking into more business categories for high technology as part of efforts to promote the BCG economy.

She said the government is focused on developing the bio-economy as Thailand has more than 30 million people working in the farm sector, yet most of them remain in poverty.

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Will Covid-19 unleash a new generation of digital nomads?

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Will Covid-19 unleash a new generation of digital nomads?

– Covid-19 has facilitated the widespread adoption of remote working
– Despite travel restrictions, countries are seeking to attract digital nomads
– Dubai and Mexico have emerged as key destinations for foreign remote workers
– As travel resumes, many anticipate a new wave of roaming digital nomads

With Covid-19 facilitating the widespread adoption of remote working practices, some emerging markets are seeking to attract digital nomads through a series of incentives and special visas.

Despite border closures and travel restrictions resulting from the virus, various countries are stepping up efforts to incentivise the movement of so-called digital nomads – people who work remotely and relocate relatively freely.

For example, in October the Dubai government launched its virtual working programme, an initiative that gives foreign professionals the opportunity to move to the emirate and continue to work remotely in their current jobs.

The one-year programme, launched after Dubai reopened its borders to international tourists in July last year, is designed is attract professionals, entrepreneurs and those working in start-ups.

Given its strong ICT infrastructure and healthy start-up scene, Dubai has been seen as an increasingly attractive option for digital nomads in recent years, with officials marketing the emirate as a place where people can live and work by the beach.

As a further incentive, in January officials began offering free vaccines to those on the programme.

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Economics

BoI Plans More Efforts to Promote BCG Economy

National News Bureau of Thailand

Published

on

logomain

BANGKOK (NNT) – The Board of Investment (BoI) is working with related agencies to rev up promotion of the bio-, circular and green (BCG) economy to help drive growth over the next 5 years.

BoI Secretary-General Duangjai Asawachintachit said the BoI is looking into more business categories for high technology as part of efforts to promote the BCG economy.

She said the government is focused on developing the bio-economy as Thailand has more than 30 million people working in the farm sector, yet most of them remain in poverty.

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