Tag: Asia

The cancellation of three EU summits with key Asian countries – China, India and South Korea – due to pressing concerns in the euro zone reinforces the perception that the EU struggles to think and act strategically, writes Gauri Khandekar of the Madrid-based think tank FRIDE.

The global expansion of India's pharmaceutical industry means it is becoming "more and more of a major [...] location" for the sector, says an April study led by Uwe Perlitz for Deutsche Bank Research, revealing that the country ranks alongside China as one of the world's top pharmaceutical markets with the highest growth rates.

Europe is tired and faces decline unless there is a renaissance that goes further than EU-level regulation, writes Bela Kadar, Hungary’s former minister for international economic relations, for Europe's World. 

"The centre of gravity for innovation is starting to shift from West to East", challenging Europe's endeavours to become "the most competitive knowledge-based economy in the world", new research suggests.

The European footwear industry, importers and retailers are urging EU heads of state to resist “protectionist pressures” to impose anti-dumping duties on Asian footwear. 

EU and Asian leaders at the Asia-Europe Meeting are expected to call for the resumption of global trade talks in the WTO, but the real focus looks to be on pushing for bilateral trade deals. 

A dispute between the EU and China about tariffs on shoe imports resurfaced yesterday, when the Commission refused a Chinese proposal to resolve an anti-dumping action on shoes.