Resources

There is steady growth in Taiwan’s defense industry as it works to expand its ability to respond to threats. Military equipment sales from U.S. businesses to Taiwanese entities can fall under either Foreign Military Sales or Direct Commercial Sales. This report addresses opportunities for Virginia defense companies in Taiwan and the challenges they may face when entering the market.

India is one of the fastest growing economies in Asia, and this economic growth has translated to increased defense spending. The Indian government has embarked on a military modernization program and is expected to maintain an average defense expenditure of 2.22% of GDP.

As the first post-communist country to join NATO and the guardian of one of the EU’s main external borders, Romania plays an important role in regional defense and security. Romania recently increased its defense budget from 2% to 2.5% of GDP and is committed to maintaining that expenditure level for the next decade.

This report addresses opportunities in Southeast Asia for Virginia companies seeking to optimize their international supply chains for five select countries: the Philippines, Vietnam, Malaysia, Thailand, and Indonesia. Each country offers unique supply chain opportunities.

This report addresses opportunities in Mexico for Virginia companies seeking to optimize their international supply chains. It lays the foundations for why an importer may consider supply in Mexico. The report then provides concrete information about several strong supply options in Mexico as examples, although there are many others. It closes with a review of expectations Virginia companies should keep in mind for how to effectively develop relationships with suppliers and some tips and resources for successfully managing collaboration with suppliers in Mexico.

India has one of the world’s fastest-growing economies, simultaneously experiencing rapid expansion in recent decades and significantly dropping poverty rates. India’s population recently exceeded that of China to become the largest in the world and the working-age population is projected to expand by almost 100 million in the period to 2030. India is often viewed as a top contender in the region, due primarily to its large population and low labor costs. The Indian Ocean region is primed to become a major manufacturing hub as costs in China and other manufacturing centers are rising. Major investments in infrastructure have been made in the area to support this goal.  Due to these factors, India could soon become the next low-cost manufacturing hub, replacing China.