The 44th and 45th ASEAN Summits and related summits opened on October 9 in Laos. China, as good neighbors, friends and partners of ASEAN, has been the latter's dominant trading partner for four consecutive years, and vice versa.
India The Directorate General of Foreign Trade (DGFT) has updated the Standard Input Output Norm (SION) E-125 for the export of Shea Stearine under the Foreign Trade Policy (FTP) 2023, as reported by several medias. These revisions address the importation of Shea-related raw materials, particularly Shea Nuts, and aim to align input quantities with the varying oil content found in the nuts. The changes are designed to improve resource efficiency in the Shea Stearine industry, which is utilized in sectors like pharmaceuticals and cosmetics, owing to its high melting point and stearic acid content. Shea Stearine is essential in manufacturing products for various medical applications, including treatments for herpes lesions.
The Philippines will continue to push for internal reforms to make sure the country adjusts to the state of the global economy, National Economic and Development Authority (NEDA) Secretary Arsenio Balisacan said on Thursday.
Coordinating Economic Affairs Minister Airlangga Hartarto met Canadian Ambassador to Indonesia and Timor-Leste Jess Dutton to discuss accelerating the trade agreement for the Indonesia–Canada Comprehensive Economic Partnership Agreement (ICA-CEPA) to be completed soon.
Thailand's economy stands to gain from any trade war between the United States and China, Commerce Minister Pichai Naripthaphan said on Thursday, adding the Southeast Asian country had good relations with both nations and would not need to take sides in a dispute.
Thứ trưởng Bộ Thương mại Thái Lan Suchart Chomklin và người đồng cấp Thổ Nhĩ Kỳ Mustafa Tuzcu đã nhất trí nối lại các cuộc đàm phán về hiệp định thương mại tự do (FTA) giữa hai nước.
Although it is tempting to rely on services to bring the Philippine economy to First World status (OFWs, IT-BPM, tourism, etc.), the hard evidence from the history of industrialization, as we have seen in the last article, should convince us to persevere in our efforts to develop a strong manufacturing sector which should employ at least 16% to 18% of our labor force. There is some glimmer of hope that shows that this goal is within reach if we capitalize on some ongoing trends.
Malaysia and China stand as two great friends that are committed to strengthening their partnership and advancing the economic prosperity in the region, Prime Minister Datuk Seri Anwar Ibrahim said.
<p>Time: 2024 By: Ministry of Industry and Trade</p>
