The Philippines' business process outsourcing industry and other sectors will benefit from the Regional Comprehensive Economic Partnership (RCEP) but a delay in the country's participation will have a negative impact on the country's digital economy, the Asian Development Bank said Wednesday.
The COVID-19 pandemic caused global investment activities to fall – due to economic uncertainties, lockdowns, supply chain disruptions and postponement of investment by multinational enterprises.
The mega free trade pact called the Regional Comprehensive Economic Partnership (RCEP) took effect for South Korea on Tuesday, which is expected to help diversify the country's trade portfolio, Seoul's industry ministry said.
The positive relationship between Canada and Vietnam is strong and growing every year, said Canadian Ambassador to Vietnam Deborah Paul while granting an interview to the Vietnam News Agency on the occasion of the Lunar New Year (Tet), the most important festival of the Vietnamese people in a year.
The Philippine Economic Zone Authority (PEZA) has signed an agreement with the Asean-Japan Center (AJC) to promote trade and investment between the Philippines and Japan.
Cambodia-South Korea free trade agreement promulgated in late January will come into force in the next 60 days.
Malaysia has outpaced other emerging Southeast Asia peers as the most attractive country for foreign direct investment in the 2022 Milken Institute Global Opportunity Index released on January 27, said the Malaysian Ministry of International Trade and Industry on January 28.
With the Regional Comprehensive Economic Partnership (RCEP) agreement coming into force for South Korea at the beginning of February, regional trade and economic cooperation among China, Japan and South Korea - the three major economies in East Asia - are expected to embrace new growth engines within the framework of the mega deal, bringing hope amid the ongoing pandemic and multiple global uncertainties.
<p>Time: November 2025<br /> By: WTO and International Trade Group, Legal Department – VCCI</p>
