The Philippines spent more than 450 million USD importing some 900,000 tonnes of Vietnamese rice in the first quarter of this year, and more orders are expected to be placed in the time ahead.
A new drive is underway to ensure the Regional Comprehensive Economic Partnership is implemented at the optimal level.
Indonesia and Singapore signed six memoranda of understanding (MoUs) in late March 2023 to enhance bilateral ties. The MoUs cover renewable energy, sustainable housing development, knowledge sharing and research, healthcare, urban search and rescue, and technology exchange.
Data from the General Department of Customs and Excise (GDCE) showed that in the first quarter of 2023, textile-linked exports reached $2.449.4 billion, down a total of $705.6 million or 22.4 per cent over the same period last year.
The Indonesian government has initiated the drafting of a declaration by leaders of the Association of Southeast Asian Nations (ASEAN) on the threat of a food crisis to strengthen strategic cooperation for all stakeholders in building mechanisms to strengthen food security, regional supply chains and sustainable agriculture.
Trade ties between the Association of Southeast Asian Nations bloc and South Korea have been rapidly developing in recent years, but they need to advance to the next step, particularly in the area of supply chain, digital trade and climate change, according to experts at a roundtable held last week in Seoul.
The dynamism and experience of a producing country will be advantages for Vietnamese businesses when joining the global halal market, to which Singapore is the nearest gateway, said Vietnamese Trade Counsellor to the city state Cao Xuan Thang.
ASEAN and the Republic of Korea are currently in the process of upgrading its existing free trade agreement, according to Satvinder Singh, the deputy secretary-general for ASEAN Economic Community.
<p>Time: November 2025<br /> By: WTO and International Trade Group, Legal Department – VCCI</p>
