GlobalAutoTV
Click to watch M.P. Chugh -
Click to watch M.P. Chugh -
asia resources


Need an office in Asia? Office suites, meeting rooms, virtual offices, network access



free downloads
ASIA: "Enabling Growth in Promising Indian Companies: The Positive Power of Private Equity" report

ASIA: "Enabling Growth in Promising Indian Companies: The Positive Power of Private Equity" report. 44-page report by KPMG India.

proceed to download
eJournals




back to index backASIAtalk January,  2017


Three secrets to a successful Asia strategy

Asia is the growth story of this century, but it’s not waiting for anyone.

Tackling Behind the border” regulation is the next frontier in Asia

Free trade is not a free pass into Asia.

Despite the wave of new trade agreements - China, Japan, Korea, and Singapore – we know that the impact of regulation remains a real headache for foreign businesses. Just making it through the front door does not guarantee a profit.

Because trade deals, while opening up new markets by removing tariffs, often don’t change what’s required for goods and services to move behind the border.

Companies still must deal with a complex patchwork of customs laws, product approvals and registrations, import licenses and country-specific rules. This ‘behind the border’ red tape is the new frontier of trade agreements.

If you’re exporting to multiple markets, then country-specific regulation represents a significant cost and disruption to your business. Every market in Asia has its nuance, and in places like China, each Provence has its nuance.

Australian CEOs we talk with say these local complexities and uncertainties are one of the biggest barriers to doing business in Asia.

Will we be treated unfairly because we’re foreigners?” and Do local businesses have an advantage because they know the local authorities?” are questions we hear regularly.

But if companies are serious about entering markets in Asia, there are some very practical steps companies can take to minimise these risks and navigate regulation behind the border:

- Make sure you’ve a strong local team

- Have respect for, and understanding of the way governments work

- Learn the language and cultural nuances

- Have people with Asian heritage on your board

Australian businesses also need to realise that each market requires its own nuanced approach. You simply can’t ‘lift and shift’ what you’re doing here and expect it to work in a different country automatically.

Over the longer term, we expect to see an increased harmonisation of behind the border rules, regulations and standards across the region. But this will take time and require lots of heavy lifting on the part of both business and Government.

There’s a role for Australian businesses to step up and invest more time working with the Australian Government to help our policy leaders understand the business case for, and detail of regulatory reform across the region.

We’ve got to be part of the conversation if we want to benefit from it.

Next: 2. Asia’s ‘digital consumers’ want what we've got

To read entire article, please click here.

Source: PwC
- GAI





previous page

go top



search our site


Loading

ASIAtalk

Other articles from the same issue (January,  2017).

China automotive market: witnessing the transformation (2017 edition)
play read on

After expat exes fail, global automakers searching for Indians to lead their India operations
play read on

The Automotive Sector Can Transform South Asia Economically
play read on

China: Top 10 game-changing auto industry events in 2016
play read on

China sales vroom in 2016 for global automakers; dull 2017 looms
play read on

Asia-Pacific automotive industry now a powerful revenue generator for robot manufacturers
play read on

Demonetisation woes: Car market in India stops short of 3 mn units in 2016
play read on

Philippines car sales soar 24.6% in 2016
play read on

How 3-D Printing Could Disrupt Asia's Economies
play read on

Globalization: Considerations For Global Companies In Asia
play read on

Tariffs on China will mean tariffs on US imports, says Beijing
play read on

Three secrets to a successful Asia strategy
play read on

Asia-Pacific employers raise salaries to combat high turnover
play read on

Emerging markets: reimagining India
play read on

India: Ease of doing business: DIPP calls for fast-track commercial courts
play read on

China tells top officials to lead corruption fight by example
play read on

Impact of internet and digitisation on SMBs in India
play read on

Singapore: Need to review R&D tax incentive scheme to boost innovation
play read on

Vietnam's Transformation
play read on

No vacation for nearly 40% of China’s white collar workers
play read on

Shifting patterns: The future of the logistics industry
play read on

2017 Japanese Anti-Tax Haven (CFC) Regime
play read on

Signs of recovery broaden in Asia
play read on

Daily Minimum Wage Rates in Thailand to Increase from January 1, 2017
play read on

2017 Thailand Tax Calendar
play read on

Vietnam: Tax reform and transfer pricing
play read on

India: Domestic steel production rises as sales pick up
play read on

India, Singapore revise tax treaty
play read on

China bids to attract more investment
play read on

Malaysian employers must pay foreign worker levy themselves
play read on


Our Free eJournals
GlobalAutoExperts

To visit GlobalAutoExperts Directory, click here.


©2008 GlobalAutoIndustry.com | HCI Group, Ltd.
101 West Big Beaver Road, Suite 1400 | Troy, MI 48084 USA
USA Tel: +1.248.687.1060 | USA Fax: +1.248.927.0347
Fax UK: +44.(0)845.127.4765 | Fax Europe: +31.20.524.1659 | Fax Asia: +852.3015.8120