The Regional Comprehensive Economic Partnership (RCEP) trade deal and the China-Laos Railway is expected to bring opportunities for Laos manufacturing and give rise to “Made in Laos,” as the railway, a flagship project under the Belt and Road Initiative, has seen five months of successful operation, container transport operator China Railway Container Transport Corp (CRCT) told the Global Times on Friday.
There is no better time than now for APEC members to revive work on integrating the Asia-Pacific and bringing new energy to the long-term prospect of a Free Trade Area of the Asia-Pacific (FTAAP). The APEC Policy Support Unit made the statement in a new policy brief.
The first-ever Asean-US Special Summit held in Washington, DC, from May 12 to13 emphasised the importance of peace and security in the region and agreed to work towards a sustainable economic environment by boosting trade and transport connectivity.
China-ASEAN relations have entered a new phase of Comprehensive Strategic Partnership. Hainan Free Trade Port, which aims to build an important gateway, is the strategic hub and intersection of China-ASEAN comprehensive cooperation. In this context, the China Institute for Reform and Development (CIRD) and relevant think tanks jointly initiated the ASEAN-Hainan Free Trade Port Think Tank Network (hereinafter referred to as "the Network").
The Cambodia Chamber of Commerce (CCC) has urged US companies to set up factories in the Kingdom for US- and China-bound exports, so as to take full advantage of lower tariffs afforded by free trade agreements (FTA) currently in force, the CCC said in a May 14 statement.
Asean states will not take sides as US-China competition intensifies in the region, opting instead to engage the two powers based on their own needs, according to diplomatic observers.
The spice market worldwide is worth $19 billion, but Vietnamese companies have only a small market share. In 2004, Ong Thi Kim Ngan, deputy director of Thanh Ha Fish Sauce, attended international trade fairs to introduce Phu Quoc fish sauce, a specialty of the family-run company.
The United States (US) is preparing a scaled-back version of a trade pact as Southeast Asian nations gather in Washington, where President Joe Biden is seeking to show solid commitment in the face of a rising China.
<p>Time: November 2025<br /> By: WTO and International Trade Group, Legal Department – VCCI</p>
