GTR Asia - Trade, treasury, commodities and fintech conference’s Post

ASEAN is solidifying its position as a key player in global trade, and we’re positioned to provide seamless financing across the entire supply chain. At the ‘Spotlight on ASEAN Business: Charting New Frontiers’ forum, our Group CEO, Bill Winters, highlighted ASEAN’s potential: ️ 🗨️ “There’s a tremendous confluence of trends which is making ASEAN an extremely attractive place to invest. We’re absolutely delighted to be present in all of the ASEAN markets.” As trade routes shift and new policies emerge, ASEAN’s strategic location and growing influence offer unparalleled opportunities for businesses looking to expand their global footprint 🌏 Stay tuned as we explore how sustainable development is driving ASEAN’s rise. #ASEAN2024 #TradeHubs #GlobalTrade #SpotlightonASEAN

ASEAN and Beyond

Grow confidently, thrive regionally Straddling Asia’s busiest trade corridors, #ASEAN is the world's fastest-growing trade bloc with GDP set to exceed USD4tn by 2025. ASEAN is already China’s largest trading partner with new trade opportunities fast developing with India and the Middle East. With a projected population of 700 million by 2030, ASEAN’s expanding and tech-savvy middle class is expected to double domestic consumption by the end of this decade bringing about new material growth opportunities. Located at the heart of ASEAN, #Thailand is well-placed to be the hub for the region’s trade and investment and the ideal gateway from which to expand a business across the rest of the region. Extensive, sustained investment in infrastructure has seen Thailand develop world-class transport links. There are also significant opportunities in both the digital economy and electronic vehicle (EV) industry. Thailand’s digital economy is expected to triple in value in the next few years while the government has introduced incentives to boost investment in the EV sector, aiming for 50% of all vehicles produced to be ‘Zero Emission Vehicles’ by 2030. To help businesses tap these opportunities and take their first step in exploring overseas, we’ve launched the HSBC Business Guide to ‘ASEAN and Beyond’, a comprehensive guidebook providing insights on the six major ASEAN markets – Singapore, Indonesia, Malaysia, the Philippines, Thailand and Vietnam, as well as its key trade corridors with China, India and the Middle East. The HSBC Business Guide draws on our product capability, in-market expertise across the region, and global connectivity and exemplifies our commitment to being the international bank of choice for businesses in ASEAN and beyond. For more information - https://lnkd.in/gN3uAtXj Surendra Rosha David Liao Stephen M. Mark Wang Hitendra Dave Kee Joo Wong Francois de Maricourt Omar Siddiq Sandeep Uppal Tim Evans #International #ASEAN #Asia #MiddleEast

#Singapore is playing a key role in supporting #SoutheastAsia's poorer economies, like #Myanmar and #Laos, to better integrate into regional trade, particularly in the digital sphere. By leading negotiations in two key digital #trade agreements, Singapore aims to foster a more inclusive region, potentially expanding markets and increasing demand for its goods and services. José-Antonio Monteiro, coordinator of the WTO’s 2024 World Trade Report, highlighted how regional prosperity drives demand for high-quality products, benefiting Singapore. The #ASEAN region is working on the world’s first Digital Economy Framework Agreement (#Defa), aimed at establishing a unified digital economy with harmonized rules. Expected to conclude by 2025, the agreement could enhance cross-border digital commerce and investments in digital #infrastructure, benefiting micro, small, and medium enterprises (MSMEs). The WTO also stressed that improving digital avenues could empower businesses, particularly women-led enterprises, and reduce economic risks through sustained growth. Singapore’s leadership could drive the region's digital transformation and economic convergence. Article from The Star Malaysia. Read more at the link below. Follow GTR Ventures now for more curated #tradetech insights! #GTRVentures #TradeJustGotSmarter https://lnkd.in/gUzW6Pd7

GTR Asia is back! Marking its 15th year as the ultimate event in the region, GTR Asia will return to #Singapore on September 3-4, to once again deliver in-depth conversations and networking opportunities with the Asia Pacific #trade and #tradefinance community. Reflecting on what promises to be another momentous year in trade, over 100 expert speakers will address the full spectrum of global priorities across two days of debate and discussion on a wide range of issues and themes, from changes to the dynamics within global trade and #commodity #supplychains to Asia's role as a global growth engine for trade, moving from standards to adoption in #digitaltrade as well as the importance of building a #climate-smart trade ecosystem. Anticipating an attendance of over 1,200 attendees, don’t miss the opportunity to catch up with old industry friends and forge new business relationships with the wider trade finance and export community. 🎙️View the event programme: https://lnkd.in/eV-qvRKD 👉 Register to attend (get 10% off): https://lnkd.in/eqpPeXTW 📅 Add to calendar: https://lnkd.in/eXxPU7w7 🤝 Join the online event community: https://lnkd.in/eeSdMDVx #GTRAsia #SustainableTrade #CommodityFinance #SupplyChainSecurity #FintechInnovation #GlobalTrade #ESGFinance

A new report, Asian Supply Chain Champions in a New World of Trade, by the Asia Business Council, featuring the Asia Manufacturing Diversification Index, assesses the preparedness of ten emerging Asian economies vis-à-vis China in a new world of global trade, as multinational businesses look to adopt “China-plus-one” or even “China-plus-many” strategies in export manufacturing, and intra-Asian trade continues to soar. It offers a strategic roadmap for countries aiming to increase their investment appeal by identifying new growth opportunities and overcoming obstacles in the face of global supply chain shifts and escalating trade tensions. Overall, China maintains its lead in manufacturing, with India, Malaysia, Thailand, and Vietnam following suit. To excel in an ever-changing global trade landscape, emerging Asian countries could both play a growing role in labor-intensive manufacturing, as well as develop capabilities for the more technology-intensive manufacturing of the future. Winning factors include labor availability and productivity at a competitive cost; capacity for innovation and digital readiness for cutting-edge, AI-enabled manufacturing; domestic market potential balanced with trade openness; and adaptability to stricter environmental and social protection regulations globally.  For the full report: https://lnkd.in/gXiucsBa #supplychain #globaleconomy #globaltrade #ASEAN #derisking #AsiaManufacturingDiversificationIndex #AsiaBusinessCouncil #futureofasia #asianmarkets #internationaltrade

《DHL Global Connectedness Report 2024》Hong Kong ranks 10th globally in terms of connectedness 🌎 Globalization is reaching new heights and breaking records — even in an era of geopolitical uncertainty. Despite the drop, Hong Kong is listed fourth on the depth score among 181 economies with large international flows relative to domestic activity. Hong Kong also ranks first on merchandise trade depth and FDI flows depth. “Amid global challenges, Hong Kong remains resilient and continues to play a crucial role in facilitating trade between Asia and rest of the world, as evident from its high ranking on trade and capital pillars,” said Andy Chiang, Senior Vice President and Managing Director of DHL Express Hong Kong and Macau." The latest DHL Global Connectedness Report 2024 will help you make fact-based decisions, dive into the data to uncover the surprising resilience of global flows 🔄 https://lnkd.in/g5Kn4_xd #DHLExpress #GlobalConnectedness #GlobalConnectednessReport #Globalization #Logistics

Did you know ASEAN is China’s top trading partner? Trade volumes between the two surpassed USD 900 billion last year. The ties between these major economies is stronger than ever, as highlighted in last month’s ASEAN-China Future Relations Forum in Jakarta: https://grp.hsbc/604195Swz Chinese companies are also eager to expand across ASEAN. In Q1, China’s non-outbound direct investment into ASEAN soared by 36.7% year-on-year. The region's growing affluent population, expanding consumer market, and vibrant #digital economy offer tremendous opportunities for deeper trade, particularly in e-commerce, #AI, and renewable energy sectors. We know that expanding into such a diverse region comes with its own set of challenges, including complex regulatory frameworks and varying levels of development and infrastructure. That’s why it’s crucial to work with the right banking partner to navigate these uncertainties. I am excited to share a recent article from China News Service 中国新闻社, which explores the deepening China – ASEAN relationship, the opportunities it offers, and #HSBC’s commitment to clients operating on both sides of the trade corridor. Check out the article (in Chinese) here: https://grp.hsbc/604295SwM #HSBCASEAN #HSBCInternationalBank #Growth

GTR Asia is back! Marking its 15th year as the ultimate event in the region, GTR Asia will return to #Singapore on September 3-4, to once again deliver in-depth conversations and networking opportunities with the Asia Pacific #trade and #tradefinance community. Reflecting on what promises to be another momentous year in trade, over 100 expert speakers will address the full spectrum of global priorities across two days of debate and discussion on a wide range of issues and themes, from changes to the dynamics within global trade and #commodity #supplychains to Asia's role as a global growth engine for trade, moving from standards to adoption in #digitaltrade as well as the importance of building a #climate-smart trade ecosystem. Anticipating an attendance of over 1,200 attendees, don’t miss the opportunity to catch up with old industry friends and forge new business relationships with the wider trade finance and export community. 🎙️View the event programme: https://lnkd.in/et6pkuJs 👉 Register to attend (get 10% off): https://lnkd.in/eeXvqg5i 📅 Add to calendar: https://lnkd.in/eswXnnar 🤝 Join the online event community: https://lnkd.in/eAwP2pxn #GTRAsia #SustainableTrade #CommodityFinance #SupplyChainSecurity #FintechInnovation #GlobalTrade #ESGFinance

Already in the first week of August, Let's dive into some intriguing economic trends that are turning heads: China's Services Sector Resilience 🇨🇳 PMI up to 52.1 in July New orders increasing, but overseas demand cooling Euro Zone's Mixed Bag 🇪🇺 Q2 growth surprises at 0.3% Germany hits a speed bump with -0.1% contraction Ireland leading the pack at 1.2% growth Globalization's Second Wind 🌐 DHL report shows record high global connectedness Singapore crowned as most globally connected country U.S.-China ties weakening, but still significant Ocean Shipping Market at a Crossroads 🚢 Long-term rates showing signs of life Short-term rates beginning to soften Crucial period ahead for contract negotiations What implications do you see for your industry? Let's discuss! Share your thoughts below. #GlobalEconomy #MarketTrends #EconomicInsights