Geopolitical tensions prompt a rethinking of trade
April 09, 2024 | 09:17
Bouts of escalation in the Russia-Ukraine conflict continue to make headlines over the world. While the EU only grew by 0.5 per cent in 2023 with a prospective growth of 0.9 per cent in 2024, the Russian economy, despite the sanctions, grew by 3.6 per cent in 2023 and is expected to grow by 2.6 per cent in 2024.
Navigating tariff roadmaps for automobile imports
April 28, 2022 | 10:00
The average tariff on imported cars in Vietnam has decreased from 49 per cent in 2015 to 12 per cent in 2020. As a result of changing car import tariffs over the past 5-10 years, Vietnam’s car imports shifted from high-tariff countries like India and China towards low-tariff ASEAN countries like Thailand (see graph). Several socioeconomic developments have triggered these changes.
Mobile Version