Malaysia’s central location within South-East Asia and its entry into the Regional Comprehensive Economic Partnership (RCEP) makes the country an ideal gateway for businesses in China to venture into Asean, says Datuk Seri Dr Wee Ka Siong.
The Vietnamese Embassy and Vietnamese Trade Office in Indonesia jointly held a talk with the Vietnamese business community in the country on June 17, aiming to foster trade partnership between the two countries.
China has been Malaysia's largest trading partner for 13 consecutive years, with bilateral trade hitting a record high US$176.8 billion) for last year.
Indonesia is home to the biggest palm oil cultivation in the world and has become the key actor in sufficing the global demand for palm oil. (Gro-Intelligence, 2016) Indonesia itself has sustained its position as a major producer of palm oil, due to the economic contribution of palm oil such as job creation and industrial promotion.
China is shifting its focus toward the ASEAN, the bloc with which Beijing has shared prickly relations on territorial and economic issues.
Asean nations and India rallied to one another's aid during the past two and a half years, and will emerge stronger from the Covid-19 pandemic as links between both regions are enhanced, said Singapore's Foreign Minister Vivian Balakrishnan on Thursday (June 16).
In late 2021, Cambodia introduced a new investment law to increase the country’s competitiveness for foreign investors by modernizing local industries and protecting the rights of investors. The new law offers a variety of incentives, such as income tax exemption and customs duties incentives.
The timber and timber-based industries in Malaysia and Vietnam have signed a Memorandum of Cooperation (MoC) to further develop the timber trades in both countries.
<p>Time: November 2025<br /> By: WTO and International Trade Group, Legal Department – VCCI</p>
