Cambodia and the Philippines have concluded nearly five years of negotiations on a double taxation avoidance agreement (DTAA) that will enable the two countries to mitigate the burden of double taxation on businesses and individuals.
The economy minister says if political and economic stability continues, projections suggest that by 2027 or 2028, Malaysia could be recognised and declared as a developed nation.
Cambodia requires new strategies to diversify its economy as it braces for graduation from the Least Developed Country (LDC) status. A recent ADB report shows that the country is still heavily dependent on the garments, footwear and travel goods (GFT) sector as its growth engine. The graduation will bring fresh challenges such as a loss of preferential trade tariffs. The country also has to strategically push for more Foreign Direct Investments (FDIs). Khmer Times looks into the possibilities and challenges Cambodia faces with impending LDC graduation
Both sides to cooperate on practical needs, long-term goals, forum hears
The EU- ASEAN Business Council (EU-ABC), on the one hand, wants goods to be cleared quickly and facilitates trade, and on the other hand is ready to help customs improve operational efficiency and understand the needs of the business community, as well as in other issues such as fighting against illegal trade.
China’s investment in Indonesia spans key sectors like manufacturing, transportation infrastructure, renewable energy, and EVs, bolstering bilateral ties. With Indonesia actively promoting projects to attract Chinese investors, both nations are set to deepen collaboration, fostering sustainable development and economic integration.
Indonesian Coordinating Minister for Economic Affairs, Airlangga Hartarto, and South Korean Trade Minister Inkyo Cheong signed a memorandum of understanding (MoU) on the implementation of Article 6 of the Paris Agreement, in particular, to cut carbon emissions.
Within the framework of the 33rd ASEAN Directors General of Customs Meeting (ADGCM) taking place from June 4 to 6, 2024, in the island city of Phu Quoc, the northern province of Kien Giang, cooperation on the Authorized Economic Operator (AEO) Program is an important content. Customs Magazine had an interview with Deputy Director of the Post-Customs Clearance Audit Department (General Department of Customs) Nguyen Sy Hoang about this issue.
<p>Time: 2024 By: Ministry of Industry and Trade</p>
