Members of the Association of Southeast Asian Nations (ASEAN) have signed a deal to enhance customs clearance among member states, as announced by the Philippine Bureau of Customs (BOC) on Thursday.
ASEAN, a region that heavily depends on rice as a crucial staple food, has grappled with fluctuations in global rice prices over the past month with prices rising steeply due to climate disruptions such as floods, heat waves and other extreme weather conditions.
The Regional Comprehensive Economic Partnership (RCEP) agreement, which took effect last year, has given an extra boost to trade exchanges in the region, a Cambodian senior official and experts said on Saturday.
Singapore’s and Thailand’s leaders discussed ways to enhance bilateral cooperation in the digital economy and renewable energy during an official visit by Thai Prime Minister Srettha Thavisin to the Republic on Thursday.
Japanese Foreign Minister Kamikawa Yoko and her Thai counterpart Parnpree Bahiddha-Nukara agreed on October 12 in Bangkok, Thailand that the two countries will enhance economic cooperation.
The recent decline in Việt Nam's automobile consumption and its shift to the 5th position in Southeast Asia can be attributed to both external and internal factors, according to car experts.
Over the medium-term outlook for the next five years, a number of key drivers are expected to continue to make Vietnam one of the fastest growing emerging markets in the Asian region, said an article published by the S&P Global Market Intelligence on October 5.
Nearly two years have passed since the Cambodia-China Free Trade Agreement (CCFTA) came into effect in early January 2022. This period has witnessed significant growth in bilateral trade, as well as a surge in Chinese investment in Cambodia.