A decision on a long pending issue of initiating a review of the existing free trade agreement on goods between India and the 10-nation Asean bloc may be taken up during a meeting in Indonesia on Monday, an official said. The issue will come up for discussion and decision during the India-Asean economic ministers meeting on Monday.
Japan will work with the Association of Southeast Asian Nations (ASEAN) members to promote the digital processing of import-export activities in an effort to facilitate bilateral trade, Nikkei Asia reported.
Malaysia's economic growth hit the lowest in nearly two years in the second quarter due to sliding exports and a global slowdown, prompting the central bank on Friday to warn that full-year growth will come in at the lower end of its previous forecast.
Japan will work with Association of Southeast Asian Nations members to promote digital processing of imports and exports in an effort to ease bilateral trade.
Rice trading in Thailand, the world's second-largest rice exporter after India, has turned chaotic as India's recent ban on rice exports touches off panic buying. Speculative hoarding is draining supply from the market, leaving less rice available for export.
The 56th ASEAN Foreign Ministers' Meeting (AMM-56) recently held in Indonesia focused discussions on the process of building the ASEAN Community, implementing the ASEAN Outlook on the Indo-Pacific (AOIP), external relations, and regional structure.
The central bank of Laos, in cooperation with Japanese fintech company SORAMITSU, have successfully trialed a digital currency prototype – the Digital Lao Kip. The digital currency utilizes a block chain system developed by SORAMITSU with the aim to increase financial inclusion among the unbanked population in Laos.
Jointly organised by the Thailand - Vietnam Friendship Association (TVFA) and the Vietnam - Thailand Friendship Association (VTFA), the event was part of activities to celebrate the 10th anniversary of the strategic partnership between the two countries (2013 – 2023).