The Korea International Trade Association said in its report on June 8 that South Korean products’ share in the imported goods market of China fell from 9.9 percent to 8 percent from 2017 to 2021. “South Korea showed the highest rate of decrease among the top 10 countries in the market,” it explained, adding, “For reference, the share of U.S. products fell just 1.7 percentage points despite U.S.-China trade disputes.”
Vietnam’s gross domestic product (GDP) reached approximately US$368 billion in 2021, making it the fifth-largest economy in Southeast Asia and 41st in the world, the International Monetary Fund (IMF) World Economic Outlook has revealed.
Alarm bells on the state of the global economy continue to ring as the Russian invasion of Ukraine grinds on. Three indicators highlight a global economy facing challenges during this perilous time:
Even as the Covid-19 pandemic recedes, the world remains awash with threats to peace and economic vitality due to Russia’s war in Ukraine, the stepped-up pace of monetary tightening by global central banks and the slowdown in China.
By 2025, companies certified by Singapore Customs as having robust security practices will enjoy faster clearance for goods that they export to Asean countries.
Saudi Arabia and Indonesia on Tuesday agreed to promote stronger investment ties during Saudi Foreign Minister Prince Faisal bin Farhan’s visit to Jakarta.
The first quarter of this year witnessed total two-way trade turnover between the nation and Cambodia reach nearly US$3.4 billion, with the figure anticipated to reach over US$10 billion for the entire year.
THE PHILIPPINE Senate deferred the ratification of the Regional Comprehensive Economic Partnership (RCEP), after some senators voiced concern over the lack of safeguards for the agriculture sector.
<p>Time: November 2025<br /> By: WTO and International Trade Group, Legal Department – VCCI</p>
