The trade ties between Indonesia, which became the latest member to join the RCEP, and Cambodia are expected to go up, but the textile sector in both countries is unlikely to benefit from the agreement.
With lower tariffs, growing markets, member countries see long-lasting mutual benefits
Cambodia exported products worth 22.48 billion U.S. dollars in 2022, up about 16.4 percent from 19.3 billion dollars a year earlier.
The projected global downturn will impact Singapore. Will the return of tourists cushion the blow?
While China’s troubles continue, Southeast Asian governments have been beckoning businesses their way with cheaper labour, tax breaks and improved logistics.
Thailand has been ranked first in ASEAN in the latest Sustainable Development Report by United Nations Sustainable Development Solutions Network (UNSDSN).
Taiwan has increasingly shifted its investment focus away from China to the ASEAN and US markets, as major tech firms seek to improve supply chain resilience and diversify investment risks, DBS Group Holdings Ltd said in a report yesterday.
Completely-built-up (CBU) cars imported from ASEAN Member States will enjoy zero percent import duty till 2027.
<p>Time: 2024 By: Ministry of Industry and Trade</p>
