Business Abroad
significant business opportunities in cities in 10 markets across the region.
These are countries investing in their future – growing confident in their larger role on the international stage. But it doesn’t stop there. In the years ahead, Asia will generate an even greater share of global GDP. That’s why we need to act now to secure our fair share of the jobs and be part of the growth that massive investment will create - because it is undoubtedly where the future of business lies.
How you can get involved in the UKTI’s campaign to boost exports to Asia:
Events
Since 2009, UKTI’s Asia Task Force team has run over 34 events across the UK to help companies - 75 per cent of which were SMEs - to take advantage of opportunities in Asia. They’re a real chance to get insight into doing business in the Asian markets and networking with other
businesses who’ve already taken the plunge. Experts are on hand to share their knowledge and offer one- to-one meetings to discuss specific opportunities. Guest business speakers, including those from the showcase, help to inspire and motivate others to look to Asia by telling their own Asian success stories. For more information or to book your place for a series of regional events to be held between 15-26th October 2012 visit
www.businessinasia.co.uk
Showcase If you’re a UK business of any size or from
any sector
with a great story and advice to share about exporting successfully to
Asia, UKTI is keen to encourage entries to join its UK Business Success in Asia Showcase. See
www.ukti.gov.uk/ asiataskforce for more details.
Peter’s top tips for doing business in Asia:
1. There’s no quick fix for success in Asia – take time building and maintaining relationships
2. Find the right partner – someone you can trust and who is passionate about your products with good connections
Peter Dickin
3. Asian customers put a lot of credence on the Queens Awards and also UKTI endorsement as proof of credibility – especially so in China
So what makes Asia so compelling for business growth and crucial for our economic wellbeing?
• There are around 20 million people in Vietnam with a purchasing power equivalent to the average Australian citizen
• Taiwan has developed one of the most advanced telecommunications networks in Asia and wireless penetration has almost reached saturation levels. The country aims to become the first in the world that is entirely wireless
• South Korea is Asia’s 4th largest economy. The economy grew by 6.2% in 2010 – which is the second fastest rate in the OECD
• With a population of 98 million the Philippines is one of the largest English speaking countries in the world
• Japan has 20% of the global R&D spend
• India has the youngest working population in the world (60% of India’s population are under 24 years, while 81% of the population are below 45 years)
• A recent World Bank report says that Hong Kong and Singapore are the easiest places in the world to do business
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