July 24, 2012
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SMEs' projections for trade growth within Asia have more than doubled since last year. A possible reason for this is the numerous Free Trade Agreements (FTAs) that have come into effect or are signed this year. For example, the ASEAN-China FTA, which began in January 2010, saw immediate results with South China's Guangxi Zhuang autonomous region and Vietnam approving a framework agreement in February 2010 to establish a new cross-border economic zone.
The UPS Asia Business Monitor is an annual survey conducted with SME decision makers across 13 markets: Australia, China, Hong Kong, India, Indonesia, Japan, Korea, Malaysia, Philippines, Singapore, Taiwan, Thailand and Vietnam.
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