Indonesia's Trade Minister Zulkifli Hasan and Japan's Foreign Minister Yoko Kamikawa signed the Protocol of Amendments to the Indonesia-Japan Economic Partnership Agreement (IJEPA) in Jakarta on August 8.
The foreign ministers of the Republic of Korea (RoK), and the Philippines on August 7 agreed to redouble efforts toward the official elevation of their bilateral relations to a "strategic partnership" within this year, a commitment shared by the two countries' leaders, according to the RoK's Yonhap News Agency.
The expectation being raised at the meeting between NA Vice Chairman Nguyen Khac Dinh and Malaysian Deputy PM Haji Fadillah bin Haji Yusof on August 7.
It is forecasted that the global supply chain of companies with low carbon footprints and high-value activities is more likely to be in ASEAN countries in the coming years.
Singapore Business Federation’s Free Trade Agreement (FTA) Survey 2023 found that more businesses are familiar with and have benefitted from FTAs compared to 2021. The ASEAN Trade In Goods Agreement (ATIGA) and ASEAN – China Free Trade Agreement (ACFTA) were the most cited FTAs that benefitted businesses. However, businesses continue to face issues with non-tariff barriers and understanding how to make the best use of FTAs.
Vietnamese Finance Minister Ho Duc Phoc today proposed Singapore to support Vietnam in modernizing tax and customs management at a meeting with Second Minister Chee Hong Tat for Finance of Singapore.
The Vietnam Stock Exchange (VNX) and the Singapore Exchange (SGX Group) on August 5 signed a Memorandum of Understanding (MoU) on boosting their communication channels to promote their relations and serve the interests of the Vietnamese and Singaporean stock markets.
Foreign direct investment (FDI) in ASEAN, including Thailand, will increase thanks to the global trend of relocating manufacturing bases amid heightened US-China trade tensions, according to CIMB Thai (CIMBT).
<p>Time: November 2025<br /> By: WTO and International Trade Group, Legal Department – VCCI</p>
