Vietnam and Indonesia will strive to elevate their bilateral trade turnover to US$15 billion or beyond in the time ahead through reducing trade barriers and facilitating import and export of each other's key products, including rice trade.
The Indonesian Ministry of Maritime Affairs and Fisheries (KKP) has completed an agreement to reduce export tariff posts, from 9.6 percent to zero percent for four processed tuna commodities to Japan.
Philippine aspirations to hit upper-middle-income country status were derailed by the COVID-19 pandemic, but economic planners remain optimistic that this target can be achieved by 2025. If a new era of global political and economic rebalancing is taking place, there are clear internal challenges and international economic opportunities for the Philippines to navigate.
Malaysia and Singapore on January 11 inked a memorandum of understanding (MOU) to work on the Johor-Singapore Special Economic Zone (JS-SEZ), paving the way for improved cross-border flows of goods and people, as well as increased investment.
Factors causing Vietnam's tea exports to decrease significantly in 2023 are weak market demand and increasingly strict regulations in Vietnam's tea import markets.
The Embassy of Japan in Cambodia (EoJ), the Japan International Cooperation Agency (JICA) and Ministry of Public Works and Transport (MPWT) are examining possibilities of supporting various sectors including enhancing the development of the education system, technology, human resources development, navigation skills, modernisation curriculum and creating more trainers for future sustainability development of the Kingdom.
Cambodia-China trade continued to rise in 2023 despite a slowdown in global demand, thanks to the Regional Comprehensive Economic Partnership (RCEP) agreement and the Cambodia-China Free Trade Agreement (CCFTA), a commerce official and experts said on Wednesday.
ASEAN is one of the world’s fastest growing regions and by 2030, it is expected to be the fourth-largest economy in the world.
<p>Time: 2024 By: Ministry of Industry and Trade</p>
