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.
The Philippines’ National Food Authority (NFA) has proposed importing 330,000 tonnes of rice to cover an expected deficit in its buffer stock.
Vietnam’s GDP is projected to grow 5.8% this year, sharing the second position with Cambodia in the region, only after the Philippines, according to the International Monetary Fund (IMF).
‘ASEAN as an Epicentrum of Growth’ is the theme of Indonesia’s 2023 ASEAN Chairmanship. Is it a reliable and attainable vision? Whilst some may be optimistic about the vision’s potential, for us, it sounds more like jargon than a vision.
The Association of South East Asian Nations (ASEAN) and China started the first round of negotiations on the upgrade of the ASEAN-China Free Trade Area (ACFTA) at a meeting of the Working Group on Standards, Technical Regulations, and Conformity Assessment Procedures (WG-STRACAP) on April 11.
Whether it be durian from Thailand, bananas from the Philippines, passion fruit from Vietnam, longan from Cambodia or coffee from Malaysia, more and more agricultural products from ASEAN countries are being well-received by Chinese households, thanks to better China-ASEAN cooperation in agriculture.
<p>Time: November 2025<br /> By: WTO and International Trade Group, Legal Department – VCCI</p>
