The Regional Comprehensive Economic Partnership (RCEP) agreement, which took effect last year, has given an extra boost to trade exchanges in the region, a Cambodian senior official and experts said on Saturday.
The Commerce Ministry of Thailand has set a target of raising cross-border trade value to 1.2 trillion THB (32.3 billion USD) in 2024, marking a 20% increase from this year’s estimated 1 trillion THB
In the wake of the U.S.-China trade conflict and the COVID-19 pandemic, there has been a notable shift in rhetoric toward supply chain independence and security.
Domestic demand remains a key driver while global technology cycle set to recover
The intensifying global race for semiconductor dominance, driven by the ongoing tech rivalry between the United States and China, is reshaping global supply chains and economic dynamics. This race has significant implications for several ASEAN countries, including Malaysia, the Philippines, Singapore, Thailand, and Vietnam, strategically positioning themselves in the complex semiconductor competition.
Cambodia exported $5,261 million worth of goods to member countries of the Regional Comprehensive Economic Partnership (RCEP) in the first eight months this year—a rise of 22 per cent compared to $4,299 million in the same period last year. The country's exports to RCEP nations reached $6.34 billion in 2022, a year on year increase of 7 per cent.
Minister of Agriculture, Forestry and Fisheries is committed to initiating cooperation with Malaysia for various crops to create a more favourable agricultural market between the two countries.
A Vietnamese delegation led by Deputy Minister of Agriculture and Rural Development Nguyen Quoc Tri, head of the ASEAN Ministers on Agriculture and Forestry (AMAF) Vietnam, attended the 45th AMAF meeting, which took place in Kuala Lumpur, Malaysia, from October 4-6.
<p>Time: 2024 By: Ministry of Industry and Trade</p>
