‘The most important thing for the whole of ASEAN is to maintain peace and stability in the South China Sea because not only is it our immediate backyard, but it is also one of the world’s busiest waterways’
Prime Minister Christopher Luxon is wrapping his Southeast Asia tour with an important visit to the Philippines, the first by a New Zealand leader in 14 years.
The ratification is expected to boost foreign direct investment and economic growth in the Philippines. President Marcos Jr. expressed confidence in the adaptability of AANZFTA to address the changing business landscape and promote economic collaboration within the region.
An economic cooperation forum on fostering ties between ASEAN and emerging economies, and Russia convened in Hanoi on April 12.
The three countries will accelerate the creation of a supply chain that is not overly dependent on China to bolster their economic security, with the Philippines being the world’s second-largest producer of nickel ore.
GDP expanded 2.7% on-year, says Trade Ministry
Indonesia is currently at a crucial juncture with a demographic bonus that could enhance its pool of qualified human resources.
During a forum held last April 10 in Laos, representatives from the four countries reported on their respective potential, strengths, investment opportunities, and preferential policies that are seen as conducive to investment.
<p>Time: 2024 By: Ministry of Industry and Trade</p>
