Cambodia’s economic growth in 2021 is projected to reach around 3 percent thanks to the strong export of agricultural and industrial products, especially the country’s reopening post COVID-19.
Cambodia exported 7.98 million tonnes of agricultural products in 2021, up 63.8 percent year-on-year, raking in nearly 5 billion USD, according to Minister of Agriculture, Forestry and Fisheries Veng Sakhon.
About 15 percent of micro-, small- and medium-sized enterprises (MSMEs) in Malaysia were temporarily closed due to a lack of funds stemming from the COVID-19 epidemic.
Southeast Asian countries look poised to continue recovering this year from the economic havoc caused by COVID-19 pandemic, with brisk exports driving the rebound, reported Nikkei Asia.
The coming year looks to be an eventful one with activities that could have a big impact on Thailand, ranging from the country's hosting of the Asia-Pacific Economic Cooperation (Apec) summit to the trial of the retail Central Bank Digital Currency (retail CBDC).
The Regional Comprehensive Economic Partnership free trade deal will take effect at the start of 2022 on Saturday, bringing together 15 Asian and Oceanian countries that account for 30% of the world’s economy.
When the Regional Comprehensive Economic Partnership (RCEP) comes into force on Jan 1, its member countries can look back with satisfaction at their accomplishments that required more than hard bargaining and negotiations with all kinds of specific instructions from the bosses. Over time those men and women became a family. When they met, they laughed and cajoled, knowing full well what would happen after each session.
A report by market research firm NielsenIQ showed that the number of consumers shopping online in Indonesia reached 32 million people in 2021, an increase of up to 88 percent from the previous year.
<p>Time: November 2025<br /> By: WTO and International Trade Group, Legal Department – VCCI</p>
