After the graduation to a developing nation, Bangladesh may take the initiative for holding discussions with ASEAN countries to sign free trade agreement (FTA) to expand its export and trade, Philippine Ambassador Alan L Deniega said today.
The United States on Thursday pledged over $150 million in investment to the Association of Southeast Asian Nations for maritime cooperation, infrastructure and other initiatives as it kicked off a two-day summit with the 10-member group in Washington.
The Indo-Pacific Economic Framework (IPEF) proposed by the US needs to be "inclusive" and provide "tangible benefits" to encourage wider participation, said Singapore Prime Minister Lee Hsien Loong on Thursday (May 12).
The 25th ASEAN+3 Finance Ministers’ and Central Bank Governors’ Meeting (AFMGM+3) was convened on 12 May 2022 under the co-chairmanship of H.E. Dr. Aun Pornmoniroth, Deputy Prime Minister and Minister of Economy and Finance of the Kingdom of Cambodia, H.E. Sum Sannisith, Deputy Governor of the National Bank of Cambodia and H.E. Liu Kun, Minister of Finance of the People’s Republic of China, H.E. Chen Yulu, Deputy Governor of the People’s Bank of China.
Durians have entered their best season, and orders for the "stinky" fruit in China began to soar in late April, driving its imports from Southeast Asia, its main producing area.
While Indonesian exports will benefit from the reduction in tariffs between RCEP members, the country’s downstream industries are also well poised to receive greater investments. Supported by an abundance of natural resources, Indonesia is actively seeking to climb up the global value chain – transitioning from an exporter of raw commodities to a producer of high-value products.
Southeast Asia will face a “big risk” of social unrest if there are “big surges” in food prices, an ASEAN economist at Bank of America Securities told CNBC.
Cambodia, Indonesia and Thailand are each set to host a leaders’ meeting in November to advance global and regional agendas concerning peace, prosperity, and sustainable and inclusive development.
<p>Time: November 2025<br /> By: WTO and International Trade Group, Legal Department – VCCI</p>
