The Lao private sector is optimistic about the potential growth in trade, investment and tourism between Cambodia and Laos, following a pledge by both countries’ leaders to enhance economic and tourism relations and the resumption of direct flights between Vientiane and Phnom Penh by national flag carrier Lao Airlines.
THE PHILIPPINES could ratify the free trade agreement (FTA) with South Korea by the middle of the year, with no issues expected to arise from the deal, according to the Department of Trade and Industry (DTI).
Although Jakarta is losing its capital status this year, analysts say the upcoming gubernatorial race will nonetheless be highly competitive.
Hun Manet of Cambodia believes that improving diplomatic ties with the powerful countries is crucial to supporting regional stability, advancing economic growth, and bolstering bilateral collaboration because the US is the main market for Cambodia to sell its products. Hun Manet’s strategic approach to diplomacy as the prime minister of Cambodia may have far-reaching effects on Cambodia and the US’s relations.
Sri Lanka’s China-run Hambantota Port has briefed a visiting delegation from the Thai Prime Minister’s Office on planned container handling and an industrial park, a statement said.
ASEAN member states and the Republic of Korea (RoK) have reached a consensus on the transposition of ASEAN-RoK Free Trade Agreement (AKFTA) Product Specific Rules from the Harmonised System Codes HS 2017 to HS 2022.
External Affairs Minister of India S. Jaishankar on March 27 expressed India’s intention to strengthen India-ASEAN relations, especially under Malaysia’s chairmanship of ASEAN next year when he paid a courtesy call to Malaysian Prime Minister Datuk Seri Anwar Ibrahim.
Malaysian Deputy Minister of Investment, Trade and Industry (MITI) Liew Chin Tong said the government is committed to developing the semiconductor industry which is now a strategic income source for the country.