Cambodia and Japan have agreed to ensure the full implementation of the Regional Comprehensive Economic Partnership (RCEP), the world's largest trade deal, for the benefit of all, according to a joint statement.
Minister of Planning and Investment Nguyen Chi Dung, head of the Vietnam - Laos Cooperation Committee, called for the countries’ stronger connections in key areas during talks with his counterpart Khamjane Vongphosy, who is also head of the Laos - Vietnam Cooperation Committee, in Vientiane on March 21.
The government has pledged to secure more investment from China in the agriculture and forestry sector, using the potential offered by the Laos-China Railway to boost exports.
The country is expected to see a $200 million increase in export gains, making the RCEP a vital tool in recovering from the economic disruptions caused by the Covid-19 pandemic, it said
Cambodian Commerce Minister Pan Sorasak said on Monday that the trade deal is a key driver for economic recovery in the participating countries both during and after the pandemic.
Myanmar is one of Bangladesh’s closest neighbors with historic connectivity going back centuries.
South Korea has elected Yoon Suk-yeol of the opposition People’s Power Party (PPP) to become the nation’s next president. The election was a close call, with only a 0.8 percentage point margin between the conservatives and progressives.
Another sign of the developing trade corridors starting to take effect between Central and South-East Asia has materialized with the Chamber of Commerce and Industry of Uzbekistan signing a memorandum of understanding with the Council of Trade of Thailand.