Australia and Singapore negotiators will pitch elements of their recently finalised GEA in Brisbane next month, when 14 countries meet to begin working out detail for the US-led IPEF.
The Association of Southeast Asian Nations (ASEAN) has extended the memorandum of understanding on the implementation of non-tariff measures (NTMs) on essential goods under the Hanoi plan of action on strengthening ASEAN economic cooperation and supply chain connectivity.
The United Kingdom and Singapore have agreed on a new Memorandum of Understanding (MoU) that aims to boost fintech trade and cooperation.
Southeast Asian countries have obtained much more export orders this year, arousing discussions on the transfer of industrial chains.
As three major global summits concluded in Southeast Asia, digital economy governance has become an international focus. In this encouraging environment, four "great waves" are pushing China and ASEAN toward greater digital cooperation.
Trade agreements, such as the Regional Comprehensive Economic Partnership, are expected to further accelerate growth. With the agreement in place, 81 per cent of business leaders surveyed plan to increase investments in ASEAN over the next three to five years.
South Korean President Yoon Suk-yeol held a trade strategy meeting this week in which easing private firms’ reliance on China was top of the agenda.
Vietnam and Laos expect to achieve US$2 billion in two-way trade in the near future, given that the figure surged 28.2 percent annually to $1.4 billion in ten months of this year.
<p>Time: 2024 By: Ministry of Industry and Trade</p>
