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News from World

tag: ASEAN

download (4).jpg 12 February 2023

ASEAN to lower the supply chain's exposure to China

South-east Asia has been emerging for some time as the natural next stop for manufacturing reliant on low labour costs. As manufacturing cost remains around 50%-60% lower than in China, the region is popping up as a viable alternative for a lot of companies. [Supply chain diversification a boost for ASEAN economies- The Loadstar]

 

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download (2).jpg 08 March 2022

Positive role of RCEP in China and ASEAN leather industry

The trade value between China and the ASEAN leather industry in 2021 reached $16.47 billion, ranking 3rd with 15% of the value, and only lower than the EU (21.9%) and the United States (19.0%). The entry into force of the RCEP will have positive implications for bilateral industrial cooperation and economic and trade in the leather sector.

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