Cambodia exported $20.5 billion worth of goods in the first 11 months of 2023, a slight increase of 1.2 percent from 20.24 billion dollars year on year, said a General Department of Customs and Excise’s report released on Tuesday.
The Bank of Thailand (BoT) anticipates an export revival in the coming year, as revealed in a recent statement. The Bank also projects low inflation rates for the same period, attributing it to government subsidies, albeit with a gradual increase within an acceptable range.
Cooperation in economics, trade and investment is increasingly emerging as the driving force and a new pillar in promoting the relationship of “Good neighbourliness, traditional friendship, comprehensive cooperation, long-term sustainability.” between Vietnam and Cambodia.
Minister of Industry and Trade Nguyen Hong Dien has asked stakeholders to speed up progress, complete procedures for importing electricity and coal, and build new transmission lines from Laos to Vietnam.
Malaysian durian farmers will be able to export fresh durians instead of frozen fruit to China starting next year, Deputy Agriculture and Food Security Minister Chan Foong Hin told The Star.
The dim prospects for the US-led Indo-Pacific Economic Framework (IPEF) has raised questions about sustained US economic commitment in the region, especially for its biggest ASEAN supporter, Indonesia.
Thailand will take steps to become a member of the Organisation for Economic Cooperation and Development (OECD) to attract greater investment into the country, according to the Thai economic planning agency.
In a strategic alliance, Global Multimodal Logistics (GML), Market Organisation for Farmers (MOF) and Pan-Asia Silk Co Ltd (PAS) have joined forces to operate a rail transport network for the export of Thai agricultural products.