Goods pile up at ports, prompting Jakarta to reverse recent restrictions
In its 2016 ruling, the Permanent Court of Arbitration in the Hague found China's claims to the South China Sea, based on its 'nine-dash' line, had no legal standing under the UNCLOS. But the Philippines remains torn between negotiating with China individually and seeking support from its ally the United States, which risks exacerbating Chinese fears of containment via proxy. ASEAN unity, expressed through effective cooperation and regional institutions, could provide a solution by helping the smaller nations of Asia assert their collective interests against larger powers, as well as serving as a platform for the defence of economic openness through mechanisms such as RCEP.
Cambodia and South Korea are poised to strengthen their economic partnership with a plan to establish special economic zones dedicated to Korean companies in Cambodia as the two countries agreed to leverage the Regional Comprehensive Economic Partnership (RCEP) agreement and other free trade agreements for the benefit of all.
The Management Association of the Philippines (MAP) has been pushing consistently for vital policy reforms to improve the global competitiveness of the Philippines and enable a sustainable business environment for both local and foreign investors.
The Regional Comprehensive Economic Partnership — a free trade agreement that has created the world's largest trading group — is sending a strong signal in favor of open markets, fair competition and rules-based trade at a time when protectionist tendencies and trade tensions are posing challenges to stable supply chains and global economic recovery, officials and experts said on Sunday.
This year as Malaysia and China commemorate 50 years of diplomatic relations, enhanced collaboration, and cooperation between the two nations will prove beneficial. The potential for the strengthening of bilateral relations is most recently demonstrated by the numerous commercial agreements and memorandums of understanding (MOUs) worth billions of ringgit that both countries inked.
The LegCo delegation introduced to the representatives the latest developments in commerce, finance, innovation and technology, and tourism in Hong Kong.
Thailand's renowned coconut, cherished for its delectable and sweet flavor, has garnered notable acclaim within the Chinese market. Over recent years, it has witnessed widespread utilization across various culinary offerings in China, ranging from cakes and coffee to hot pot, notably following the implementation of the Regional Comprehensive Economic Partnership (RCEP) agreement.
<p>Time: 2024 By: Ministry of Industry and Trade</p>
