The Department of Trade and Industry (DTI) is optimistic that the Philippines-South Korea free trade agreement (FTA) will save the country’s banana exports to South Korea, which is currently losing its market to Vietnam and other Latin American countries.
The Vietnam-Cambodia-Laos Business Forum was held in Ho Chi Minh City on October 6 to promote trade connections among businesses of the three countries.
China and Thailand maintain strong trade ties, with 2023 bilateral trade reaching $126.3 billion. China is Thailand’s largest trading partner and foreign investor, especially in electric vehicles and manufacturing.
Energy Secretary Raphael P.M. Lotilla has welcomed the Coalition for Emerging Market Infrastructure Investment’s (CEMII) announcement, marking the Philippines as its inaugural focus for infrastructure investments under the Indo-Pacific Economic Framework (IPEF).
The Philippines is seeking enhanced cooperation and investment opportunities with Germany in a bid to boost the local economy.
With Singapore firms showing interest in contributing to the search for solutions to some of the key challenges in nuclear fusion, Britain, which is launching its own mega fusion project, is eyeing potential research and commercial collaborations with organisations here.
Malaysia's move to start exporting fresh durians to China is a big step of Malaysian farmers and businesses engaged in this industry.
Singapore and the European Union (EU) have concluded the EU-Singapore Digital Trade Agreement (EUSDTA). The framework for the agreement was signed in February 2023, marking the first steps towards its completion.