The inaugural ASEAN-United Kingdom Senior Officials’ Meeting (AUKSOM) held yesterday in London reaffirmed the commitments to strengthen mutual cooperation.
The booming economic and trade cooperation between China and ASEAN countries has further gained steam as the RCEP agreement provided faster customs clearance and other trade facilitation measures.
The RCEP is expected to increase Thailand’s trade and investments with its key economic partners in the Asia Pacific. The trade agreement will also help increase the country’s trade with East Asia, most notably, South Korea and Japan.
Malaysia has huge potential to become Turkey’s major trading partner and the republic’s gateway and trading hub into Asean.
The UAE and Indonesia have signed a Comprehensive Economic Partnership Agreement (CEPA) that will turbocharge bilateral trade to $10 billion in the next five years.
Indonesia has raised the palm oil export quota in a bid to cut soaring inventories of the edible oil, a Trade Ministry official said on Tuesday (Jul 5), as a council member in a plantation area warned farmers faced an "emergency" due to tumbling prices.
Malaysia would like to see continued investments from Italy following increased growth in bilateral trade last year, said Minister in the Prime Minister’s Department (Economy) Datuk Seri Mustapa Mohamed.
Southeast Asia needs international support to rebuild from Covid. But help should not come with strings attached.
<p>Time: November 2025<br /> By: WTO and International Trade Group, Legal Department – VCCI</p>
