PBEC Trade Report May 2023 – Part II AUSTRALIAN MINISTER JETS TO CHINA: Trade Minister Farrell has jetted to Beijing for his long-awaited meeting with Commerce Minister Wang. They met on Friday where Minister Wang accepted an invitation from Minister Farrell to make a reciprocal visit as the two ministers seek to resolve a major trade dispute. BUT NO QUICK TRADE FIXES: While the first Joint Ministerial Economic Commission meeting since 2017 did not produce any immediate resolutions to the…
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Far East Consortium International Limited (“FEC”; Stock Code: 35.HK), is delighted to announce the opening of two landmark hotels in the CBD of Melbourne, Australia. On 23 March 2023, FEC opened the Ritz-Carlton Melbourne. The hotel consists of 257 luxury guest rooms located within the West Side Place mixed-use development in the CBD of Melbourne. The lobby sits on the 80th floor and all the rooms offer impressive views over Melbourne. The Ritz-Carlton Melbourne represents the second Ritz-Carlton developed and opened…
“I am honoured and humbled to have been appointed by the Chief Executive of Hong Kong to serve on the Council for Carbon Neutrality and Sustainable Development, effective May 1, 2023, for a term of two years.” Stated Natalie Chung on her Linkedin official page this past week. She went on to say, “recognising the gravity of the task at hand, which is to define a roadmap and implementation plan for Hong Kong to achieve our 2050 carbon neutrality target,…
In this episode PBEC is joined by Mr. Thomas Wong one of the two co-founding partners of CW CPA, an international mid-sized professional accounting and advisory firm based in Hong Kong with offices in Shenzhen, Guangzhou, and Shanghai of Mainland China as well as having liaison offices in Barcelona of Spain, London of UK, Bogotá of Colombia, Sao Paulo and Belo Horizonte of Brazil. He looks after many areas of CW CPA, particularly the business development and strategies of the…
INCHEON, REPUBLIC OF KOREA (2 May 2023) — PBEC’s longest strategic partner, The Asian Development Bank (ADB) today announced the Innovative Finance Facility for Climate in Asia and the Pacific (IF-CAP), a landmark program which could significantly ramp up support for the region in the battle against climate change. The announcement was made by ADB President Masatsugu Asakawa on the opening day of ADB’s 56th Annual Meeting in Incheon. “Climate change is the critical issue of our lifetime and here…
Brunei, Bandar Seri Begawan, 30 April 2023 – APEC Business Advisory Council (ABAC) members this week urged APEC Trade Ministers to leverage the challenges facing the region, including environmental risks, financial stress and the cost-of-living crisis, as opportunities to firmly place the region on a new path of economic inclusion, resilience, and sustainability. Separate letters to APEC trade ministers and transportation ministers and statements on the WTO and the Free Trade Area of the Asia-Pacific capture ABAC’s views. 2023 ABAC…
PBEC holds a closed-door briefing every two months with its board and members by strict invitation only. Not everyone can attend the meetings and this one was our first hybrid-held meeting since all covid restrictions were lifted in February by the HK Government, so there were still many attending via online means. The subject areas we cover are typically broad and wide-reaching, but mainly on trade-related, geopolitical and economic matters of interest. A strong focus in this meeting is on…
PBEC Trade Report May 2023 US CALLS OUT EU GI POLICY: The USTR has again called out what it describes as the EU’s aggressive promotion of its exclusionary geographical indications (GI) policies. In an IP report the US said it remained concerned with the EU’s proposed expansion of its GI system to cover non-agriculture and food products. AUSTRALIA-EU FTA TALKS: A 15th Australia-EU FTA negotiating round between was held in Brussels during the week. A large Australian contingent travelled for…
Dear PBEC Community, I am pleased to share my initial reaction and thoughts to our wonderful PBEC delegation trip to the Philippines on 19-20th April 2023 in Manila held at New World Makati Hotel, and our subsequent economic estate official visit to LIMA Technology Center, in Lipa Batangas City- by ABOITIZ INFRACAPITAL Inc. The welcome and feedback we received from the PBEC delegates themselves, the official speakers and Government representatives from across APAC proved nothing quite beats meeting people face to face…
In this episode PBEC is joined by Father and Son President Yasuhiro Kunieda and Eita Kunieda of Suzuran Medical Inc a Japanese family business established for over180 years in the manufacturing of cotton products such as cotton bedding, sanitary, childcare, hygiene and cosmetic lines. We talk to Eita about the challenges faced in their supply chains during covid, with majority of production taking place within Mainland China. Rising costs and shifts in consumer purchasing from in shops to online. How…