This Week's China Plus – Wednesday, May 26

HEADLINES: China and Central Asia Trade Potential / Australian Wine Opportunities in Vietnam / Russian Investment Opportunities in ASEAN / EU-India Free Trade / Italian Trade Opportunities in India / Belarus Flight Incident: Trade Analysis / EU-Belt & Road Freight Rail Increases   

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China’s foreign minister Wang Yi has called upon China and Central Asian countries to explore a new style of regional cooperation and build a community with a shared future. We look at what this means and where opportunities are. 

As Australian wine is now subject to higher Chinese tariffs, we highlight the reasons why Vietnam is a strong contender for Australian wine producers looking to diversify their market.

Russia became part of the ASEAN Regional Forum in 1995 and became a full dialogue partner in 1996. Each ASEAN country presents its own unique investment opportunities to Russian businesses, ranging from exports of military hardware to wheat to high-tech manufacturing. Two-way trade between ASEAN and Russia reached US$18.2 billion in 2019. We examine the trends. 

India-EU FTA prospects are looking up as new geopolitical realities are pushing India and the European Union to get closer by facilitating easier trade and investment.

India and Italy have inked 15 agreements covering trade and investment, shipbuilding and energy, high technology, clean energy and energy sector development, infrastructure, and food processing.

Our analysis of the why this happened, the regional trade implications and impact on China’s BRI investments in Belarus.

Austria’s Rail Cargo Group (RCG) has stated it transported 70,000 TEUs across the Belt and Road routes during 2020, while the EU’s Metrans shipped about 30,000 TEU’s, with the company operating 913 trains in 2020 – over double that the previous year.

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China Briefing is written and produced by Dezan Shira & Associates. The practice assists foreign investors into China and has done so since 1992 through offices in Beijing, Tianjin, Dalian, Qingdao, Shanghai, Hangzhou, Ningbo, Suzhou, Guangzhou, Dongguan, Zhongshan, Shenzhen, and Hong Kong. Please contact the firm for assistance in China at

Dezan Shira & Associates has offices in Vietnam, Indonesia, Singapore, United States, Germany, Italy, India, and Russia, in addition to our trade research facilities along the Belt & Road Initiative. We also have partner firms assisting foreign investors in The Philippines, Malaysia, Thailand, Bangladesh.



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