China was the largest trading partner of Thailand in 2022, with a bilateral trade value reaching 3.69 trillion baht, which accounted for about 18% of Thailand’s total foreign trade volume.
We expect the CEPA will contribute to delivering long-term sustainable economic growth, and believe it will enhance the global reach of Cambodian products to the Middle East region, says spokesman of the Commerce Ministry.
Even as the economic landscape becomes more challenging, Singapore will spare no effort to remain a competitive global business hub, said Minister for Trade and Industry Gan Kim Yong on Tuesday.
A high-level delegation from the Ministry of Commerce (MoC) met officials from member states of the Association of Southeast Asian Nations (ASEAN) and Canada in Bandung, Indonesia, to form a new free trade agreement, said a release.
RCEP will generate innovation and new industries, and act as a catalyst for long-term trade and investment growth between the Philippines and China, said a Philippine official.
Indonesia and China have agreed to strengthen bilateral trade and investment cooperation as part of an effort to build a community with a shared future.
ASEAN has become Vietnam’s fourth largest seafood export market amid local seafood exports to the Philippines, Indonesia, and Brunei recording a sharp annual increase in January.
Thailand’s Ministry of Commerce is positive about the country’s foreign investment attraction this year, with at least 100 billion baht (over 2.8 billion USD) expected.