According to the latest World Bank regional economic forecast, growth in the Asia Pacific is expected to remain strong and reach 6.3 percent in 2018.
Asia has experienced tremendous economic growth over the years, mainly due to the size of the markets, the rising middle class, and consumerism, the resources that the different countries have to contribute, strategic locations, expanding infrastructure and affordable labour. Investors have seen the opportunities available in building business in Asian countries such as China, India, Singapore, Malaysia, Thailand, South Korea, Vietnam and the Philippines etc. When seeking new opportunities for expanding business in Asia, investors and businesses from other regions are often attracted by several factors: the strategic location, the relative ease of doing business, purchasing power, and a stable legal, political and economic environment.
Are these considerations enough? What have been the successes and pitfalls when establishing businesses and networks in Asia? What should one consider when setting up a business or partnerships in Asia? What is more likely to bring success, and what are the challenges?
In this session, the panellists will share their experiences in working and setting up businesses in the Asia Pacific region, and what these lessons mean in practice for Latvian companies and businesses interested in expanding to the Asia markets.