The G7 nations of Japan and Canada are on track to be Cambodia’s fifth and sixth largest trading partners respectively in 2024, according to recent data released by the General Department of Customs and Excise (GDCE). The exchanges between the two countries and the Kingdom recorded in 2024 have indicated significant growth compared to 2023 trade figures.
Indonesia has officially implemented a 12% value added tax (VAT) on luxury goods and services starting on January 1, marking an increase of 1% compared to the previous rate.
Singapore’s economy grew faster than expected in 2024, surpassing earlier projections, despite a slowdown in the fourth quarter (Q4), according to the country’s preliminary government data.
According to a VNA reporter in Singapore, the country has applied a number of new regulations in import-export procedures and is consulting on a number of related issues.
China and Singapore have upgraded a 15-year-old free trade deal to further open up their markets to investors and services suppliers on both sides, and expand cooperation in telecoms services, said Singapore’s Ministry of Trade and Industry (MTI).
Thailand’s Ministry of Commerce has pledged to pursue more free trade agreements (FTAs) in 2025 in an effort to boost the country's economic growth rate to 3%.
The first round of negotiations for a free trade agreement (FTA) between the Philippines and Chile has been set for March.
Trade volume between Cambodia and ASEAN member countries reached $14.3 billion during the first eleven months of 2024, reflecting a 12.8 percent increase compared to $12.68 billion during the same period last year.
<p>Time: November 2025<br /> By: WTO and International Trade Group, Legal Department – VCCI</p>
