The ASEAN+3 Macroeconomic Research Office (AMRO) today revised downwards its short-term growth forecast for the ASEAN+3 region.
Southeast Asia is home to several promising industries across its regional economy that will report quicker than the global average growth in 2023. Despite a concerning macroeconomic backdrop, various factors will continue to pull in investment and businesses to the region.
Cambodia’s trade with the Regional Comprehensive Economic Partnership (RCEP) member countries reached 31 billion U.S. dollars in 2022, up 4 percent from a year earlier.
First year of RCEP enforcement brings regional industrial chain closer
In the more than half century since its founding, ASEAN has historically been a relatively ‘quiet’ trading bloc. Signs suggest, however, that this is changing.
Thailand recorded 300 billion USD in trade with other member countries of the Regional Comprehensive Economic Partnership (RCEP) in 2022, up 7.11% year on year, official data showed.
From late 2021 the country’s economic momentum had been regained.
The Republic of Korea (RoK) and Singapore have started implementing their bilateral Digital Partnership Agreement (DPA) – about two months after they signed the agreement, according to the RoK’s Ministry of Trade, Industry and Energy.
<p>Time: 2024 By: Ministry of Industry and Trade</p>
