Along with the goal of escaping the middle class trap in the medium and long terms, Indonesia needs structural reform that are key to the success of a sustainable economic transition, according to Coordinating Minister for Economic Affairs Airlangga Hartarto.
The Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) has decided to maintain its GDP growth forecast for Thailand at 3-4.5 percent, believing the Government will not re-impose harsh lockdown measures and looking forward to better tourism prospects in the second quarter.
The World Bank (WB) forecast Indonesia’s economic growth will rebound to 5.2 percent in 2022.
The World Bank has predicted that Laos will see economic growth of 4.5 percent in 2022 and 4.8 percent in 2023 despite projected slower growth of the global economy, Vientiane Times reported.
On 1 January 2022, the world's largest trade deal, the Regional Comprehensive Economic Partnership (RCEP), came into force.
Japanese Minister of Economy, Trade and Industry Hagiuda Koichi has revealed an initiative regarding investment in ASEAN, which focuses on supply chain, connectivity, digital innovation and human resources.
Vietnam bought nearly 80 percent of Cambodia’s nearly $5 billion worth of agriculture exports last year.
About 70 percent of Japanese companies investing in Myanmar will either maintain or expand their operations in the Southeast Asian country in a year or two despite the impact of political instability and the coronavirus pandemic, according to a Japan External Trade Organisation report.
<p>Time: November 2025<br /> By: WTO and International Trade Group, Legal Department – VCCI</p>
