Integrating nature and biodiversity into business practices is key to sustainable operations for Asean’s bioeconomy. However, the lack of pricing mechanisms and firmer regulations governing natural resources must see the region come together to address such challenges.
The Canadian Chamber of Commerce and the Export Development Canada (EDC) have co-organised a forum in Montreal, discussing the nation’s gateway to the Indo-Pacific, which groups 40 countries whose economic activities are worth close to 50 billion USD.
The Indonesian government is resuming a controversial policy of exporting lobster larvae — the latest chapter in an eight-year saga that began over concerns for wild lobster stocks and led to a fisheries minister being jailed for corruption.
During his recent visit to Malaysia, Saudi Arabia’s Minister of Commerce Dr. Majid bin Abdullah Al-Qasabi met with Malaysia’s Prime Minister Anwar Ibrahim in the capital, Kuala Lumpur. During the meeting, discussions focused on enhancing cooperation, implementing joint government programs, and exploring partnership opportunities in priority sectors.
Cambodia is committed to further enhancing the e-commerce ecosystem as the country is a leading nation in implementing the eTrade readiness assessment recommendations, achieving a remarkable 92 percent implementation rate.
Department of Trade and Industry (DTI) Secretary Alfredo Pascual is optimistic that the negotiations for the Philippines-European Union Free Trade Agreement (PH-EU FTA) could be fast-tracked given the speed of the previous trade deal of the country with European countries.
The direct investment abroad from Singapore to ASEAN also reached $226.1b.
Minister of Coordinating Economic Affairs Airlangga Hartarto engaged in bilateral discussions with both ASEAN Secretary-General Kao Kim Hourn and Japanese Foreign Minister Yoko Kamikawa during the OECD Ministerial Council Meeting in Paris, France. The talks encompassed crucial topics such as Indonesia's OECD accession process, exploration of the ASEAN-GCC Free Trade Agreement (FTA), and advancements in the ASEAN Digital Economy Framework Agreement (DEFA).
<p>Time: 2024 By: Ministry of Industry and Trade</p>
