Singapore signed a digital trade agreement with South Korea in November 2022 under the Korea-Singapore Digital Partnership Agreement (KSDPA).
Singapore's economy grew faster that official forecasts in 2022 but slower activity in the fourth quarter points to significant risks ahead for the city-state in the new year as global demand weakens and inflationary pressures weigh.
Philippine President Ferdinand Marcos Jr. is visiting Beijing to seek better economic ties with China despite continued tension over territorial disputes in the South China Sea.
Indonesian Cooperative and SME Minister Teten Masduki said that his government will revise next year's export target in a bit to anticipate the impact of the global recession.
According to Japan’s Nikkei web, the country will propose sharing supply chain data with ASEAN member states, as part of the measures to strengthen economic ties with the region.
Malaysian Minister of International Trade and Industry Zafrul Aziz on January 5 affirmed that the Southeast Asian nation will continue implementing contents of the CPTPP.
Considered one of the world’s largest regional free trade agreements, the Regional Comprehensive Economic Partnership (RCEP) stole the world’s attention once again as it entered into force on 1 January 2022.
The ASEAN region will remain one of the fastest-growing regions of the world in 2023 but economic growth will likely fall marginally from 2022.
<p>Time: November 2025<br /> By: WTO and International Trade Group, Legal Department – VCCI</p>
