Malaysia is calling on the EU-ASEAN Business Council (EU-ABC) to work more closely to further explore the full potential of the country and the wider region, the country's Prime Minister Datuk Seri Ismail Sabri Yaakob has said.
Philippines and Thailand have signed an “understanding” agreement to resolve the decade-long cigarette customs value dispute, the World Trade Organization (WTO) announced.
Digitisation will be the main driver of economic recovery in Asean following the devasting Covid-19 pandemic, said World Economic Forum (WEF) panellist and QI Group executive chairman Datuk Seri Vijay Eswaran on June 13.
SINCE Asean countries joined the Belt & Road Initiative (BRI), which was introduced in 2013, there have been many commitments to enhance cooperation and economic activities between Asean and China.
The Regional Comprehensive Economic Partnership (RCEP) — the world’s largest trade deal — came into effect in early 2022. Its 15 member countries account for 30 per cent of the world’s population, 29 per cent of global GDP, 27 percent of global trade and 29 per cent of global foreign direct investment.
The arrangement will allow for higher cost savings amongst businesses, said Finance Minster Wong The ASEAN has launched an arrangement that will hasten customs clearance processes across the region.
Singapore’s economy is poised for expansion as global demand shifts to Asean countries, largely due to supply chain disruptions, geopolitical conflicts and China’s zero-Covid policy, speakers at a panel discussion said on Wednesday (June 8).
As the economy faces external headwinds, Minister of Trade and Industry Alvin Tan said Singapore should continue its investment in global trade, decisively oversee inflation, and achieve its goals to address the climate crisis.
<p>Time: November 2025<br /> By: WTO and International Trade Group, Legal Department – VCCI</p>
