On 16 June 2022, India hosted the Special ASEAN-India Foreign Ministers Meeting. The occasion also marked the 30th anniversary of the establishment of dialogue relations between India and the Association of Southeast Asian Nations (ASEAN) and 10 years since the development of their strategic partnership.
High COVID-19 vaccination rates and free trade agreements (FTAs), namely the Regional Comprehensive Economic Partnership (RCEP) and the Cambodia-China FTA (CCFTA), have been helping boost Cambodia’s economic recovery, said a World Bank economic update report released on Thursday.
Chinese State Councilor and Foreign Minister Wang Yi and Cambodian Deputy Prime Minister and Foreign Minister Prak Sokhonn met here on Sunday, and both sides pledged to further enhance relations and cooperation in building the Belt and Road and other fields.
The Philippines and South Korea are set to sign a free trade agreement (FTA) this year after concluding their negotiations in 2021. The FTA removes tariffs on most products from both countries and aims to boost bilateral trade.
Though international organisations continuously downgrad their global growth forecasts for this year, many have maintained their projection that Vietnam’s GDP growth would be the highest in Southeast Asia.
ASEAN and Türkiye renewed their commitment to further strengthen their cooperation at the fourth meeting of the ASEAN-Türkiye Joint Sectoral Cooperation Committee held at the ASEAN Secretariat on 13 June.
Cambodian Commerce Minister Pan Sorasak on Wednesday told local exporters to reap the benefits of the Regional Comprehensive Economic Partnership (RCEP) free trade pact, which came into force from January 1.
There is still room for Vietnamese exports to grow in the Association of Southeast Asian Nations (ASEAN) market, including rice, the country's major export. However, it is necessary for enterprises to review the import demand of each country, pay attention to brand building as well as enhance the competitiveness of Vietnamese rice, experts said.