 Coming
away from the recent conference in China I believe there
were two prevailing thoughts occupying most of the delegates
minds: a) Wow, there is a monumental number of
people/consumers and work force here! And b) How are we going to get a piece
of the action for our clients?
The
mystique of China was at least partially broken down
with some interesting ideas and presentations
at the sessions.
However, I believe the challenge of "cracking
it here" was
not that obvious at the end of the last session, or perhaps
even by the last downed beer.
We,
the Asia Pacific members of AGN International have it
all in front of us. Juergen Kracht and his team
and Mr. He of China
Regal gave us a glimpse of
what resources
AGN has in China. However, we need to do more. There
is no doubt that the Asia Pacific region is the fastest
growing
and perhaps the most challenging and potentially rewarding
region in the world.
Europe
and the US in particular have made it clear, that they
want to know more. It is our job to demonstrate
the capabilities in the region.
| Doing
business successfully in Asia Pacific involves
a detailed understanding of not only the local
country laws but also more importantly, the
interplay between the country of origin and
the region in general. |
Apart
from international
tax planning, other initiatives such as developing
and making available the skills of local business
consultants, politicians, financiers and business
brokers is a resource
we need to build and in many cases, promote.
There
must be cooperation within a country where more than
one AGN member is represented, in order
to achieve
the
best result and service for the inbound business
as a natural outcome.
Thankfully,
as a group we have some examples of what other regions
have been able to achieve.
The
North
American and
European groups, in particular, have developed
significant Intellectual Property, which Asia
Pacific will consider
in its plans to foster improved opportunities
and resources for the rest of the world to
access.
We do have some talented members and valuable
resources in the region. We need to showcase
this and plug
any gaps. Watch this space!
I
would like to take the opportunity to thank Greg
Wanchap for his efforts as the retiring
Chairman
for the region.
I look forward to the challenges ahead and
to demonstrating the expertise and compelling
choice
AGN is and
will continue to be as accountants and business
advisers
across the
Asia Pacific region. David Kenney
Hall Chadwick
Sydney, Australia
dkenney@hallchadwick.com.au
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