Thai firms are willing to invest in infrastructure, transportation, tourism and food security in the Philippines to enhance trade cooperation between the Philippines and Thailand.
Cambodia's trade value with the other 14 members of the Regional Economic Comprehensive Economic Partnership (RCEP) topped $24 billion in the first nine months of 2022, marking a roughly one-tenth year-on-year increase.
The relationship between Cambodia and China is set to grow further thanks to several initiatives, including the Belt and Road Initiative (BRI), Global Development Initiative (GDI), Regional Comprehensive Economic Partnership (RCEP), and the Cambodia-China Free Trade Agreement (CCFTA).
Urgent action to unlock the benefits of the Regional Comprehensive Economic Partnership (RCEP) agreement will need to be taken by countries now amid high inflation and supply side issues.
Cambodia will be able to directly export its pepper and natural fisheries to Chinese market, the Embassy of the People’s Republic of China (PRC) in Cambodia said on November 22.
Talks on the upgrade of ASEAN’s free trade area with China have been launched while negotiations on upgrading the one with Australia and New Zealand wrapped up recently.
Vietnam and Cambodia can make the best use of their advantages to promote the development of production, processing and distribution; increase added value; and sustainably develop their agricultural sectors to serve the interests of their people and businesses.
Thai farmers who’ve enjoyed a virtual monopoly in exporting fresh durian to China are worried about Vietnam entering the fray because the latter’s proximity to the importer generates several advantages.
<p>Time: November 2025<br /> By: WTO and International Trade Group, Legal Department – VCCI</p>
