Hailed as a major milestone, agreements resolve longstanding sensitive issues.
The China National Textile and Apparel Council, the ASEAN Federation of Textile Industries (AFTEX), the Textile Council of Hong Kong (China), and the Hong Kong General Chamber of Textiles (HKGCOT) signed their first memorandum of understanding on cooperation at a ceremony in Hong Kong on March 21.
"For a long time, we have wanted to form a strategic economic partnership forum with Vietnam," Deputy Minister for Economic Affairs Edi Prio Pambudi said here on Sunday.
Former Prime Minister Hun Sen recently called for strengthening the relations between Cambodia and Thailand in areas such as trade, labour and tourism by elevating the current Strategic Partnership to a notch higher to a Comprehensive Strategic Partnership.
The economic lag in Cambodia is linked to two factors: One, slowdown in Chinese, European, US and UK markets caused by rising inflation, interest rates and increased cost of living; two, post-Covid-19 pandemic, international conflicts and political instability. Yet, there appears to be a ray of hope at the end of the gloomy tunnel as Prime Minister Hun Manet, fully realizing that over-dependence on China will only delay Cambodia’s progress, has undertaken executing plan B like looking for greener pastures – Japan, Thailand, France and Australia – demonstrating a proactive government policy in terms of the attraction of diversified investment and industry
China always opens its door to products from Thailand and the two partners' bilateral trade will bring mutual benefits to both the development of the two nations and the lives of the people, said the Chinese ambassador to Thailand.
As a country at the end of the global supply chain, New Zealand depends on the stability of Southeast Asia.
Vietnamese Minister of Industry and Trade Nguyen Hong Dien held talks with Singaporean Second Minister for Trade and Industry Tan See Leng in Hanoi on March 20, during which they discussed ways to strengthen economic and trade ties between the two nations.
<p>Time: 2024 By: Ministry of Industry and Trade</p>
