Company News

Reconnecting Europe with Asia: Riccardo Benussi Returns to Asia After 2 Years Away

28 months since relocating from Shanghai, China to Munich, Germany in July 2020, our Director of Europe, Riccardo Benussi will be visiting partners, clients and colleagues in and around our New Delhi, Singapore, Batam and Jakarta offices between November 4th – 31st.

“After having returned from Shanghai in 2020, the thought of returning even for only a month to the stunning and intriguing part of the world that is Asia, is exciting to say the least. I look forward to meeting my colleagues and hearing from local institutional and professional partners about what has changed in the last two years, while getting a sense of things that are only palpable by being on the ground.” Riccardo shared about his upcoming trip.

Street view in the Little India neighborhood in Singapore

“A lot has happened from the early days of Covid-19, from lockdowns and swabs to curfews and quarantines, but ground has been covered by us here in Europe with the opening of an entity in Germany and countless appointments to explain business opportunities in Asia.”

“Now it is time to freshen up the whiteboard.  In fact, as the journalist Carlo Levi wrote In 1957 in his “Buongiorno Oriente” from his reports from India ‘maybe it’s a necessary destiny for that every personal novelty and emotion must rise from a separation, a sacrifice, a spiritual cutout of a part of oneself.’”

Riccardo will be in:

  • New Delhi, India from November 4-12th;
  • Singapore from November 12-20th;
  • Batam, Indonesia from November 20-22nd;
  • and Jakarta, Indonesia from November 22-29th

If you would like to get in touch with Ricardo or arrange to meet up during his trip, please contact him via e-mail.

European Union Trade with South / Southeast Asia

European Union (EU) trade with South / Southeast Asia has continued to grow in recent years. The EU is ASEAN’s (Association of the South East Asian Nations) third largest trading partner after China and the US. In 2021, the EU imported 136.3 billion EUR worth of goods from the trading bloc while also serving as ASEAN’s largest investor with FDI stocks totaling 313.6 billion EUR.

Similarly, the EU is the third largest trading partner of the most populous country in South Asia, India. In 2021, EU imports of goods from India totaled 46.2 billion EUR, a sharp increase from a dip in 2020 of 33 billion EUR. Even more potential growth could be on the horizon as the two parties restarted Free Trade Agreement negotiations in June this year.

Dezan Shira & Associates’ Presence in Europe

Europe has significant trade and investment dealings with Asia – ASEAN and India are both among the bloc’s top trade partners outside the EU. With parts of Asia rapidly developing and the EU pursuing trade agreements with Asian counterparts, there is a wealth of opportunities for European investors in the region.

Incorporated in Munich in January of 2021, Dezan Shira & Associates’ European office serves as a first point of contact for European companies wishing to do business in Asia. The team here works with a variety of partners to educate more businesses on the economic performance and regulatory environment of developing Asian economies.

To learn more about how we can support you, contact one of our local experts.

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