The leaders of the United States and the Association of Southeast Asian Nations on Friday declared that they will elevate their relationship to a "comprehensive strategic partnership" later this year amid China's growing clout in the region.
Ten ASEAN countries and three partners of Japan, China and the Republic of Korea have agreed to strengthen financial cooperation in the region to cope with negative impacts from the Russia-Ukraine conflict and COVID-19 pandemic.
Since the establishment of their bilateral diplomatic ties in 1962, Vietnam and Laos have promoted cooperation across spheres, with their trade exchange posting substantial growth, benefiting both countries.
The Regional Comprehensive Economic Partnership (RCEP) trade deal and the China-Laos Railway is expected to bring opportunities for Laos manufacturing and give rise to “Made in Laos,” as the railway, a flagship project under the Belt and Road Initiative, has seen five months of successful operation, container transport operator China Railway Container Transport Corp (CRCT) told the Global Times on Friday.
There is no better time than now for APEC members to revive work on integrating the Asia-Pacific and bringing new energy to the long-term prospect of a Free Trade Area of the Asia-Pacific (FTAAP). The APEC Policy Support Unit made the statement in a new policy brief.
The first-ever Asean-US Special Summit held in Washington, DC, from May 12 to13 emphasised the importance of peace and security in the region and agreed to work towards a sustainable economic environment by boosting trade and transport connectivity.
China-ASEAN relations have entered a new phase of Comprehensive Strategic Partnership. Hainan Free Trade Port, which aims to build an important gateway, is the strategic hub and intersection of China-ASEAN comprehensive cooperation. In this context, the China Institute for Reform and Development (CIRD) and relevant think tanks jointly initiated the ASEAN-Hainan Free Trade Port Think Tank Network (hereinafter referred to as "the Network").
The Cambodia Chamber of Commerce (CCC) has urged US companies to set up factories in the Kingdom for US- and China-bound exports, so as to take full advantage of lower tariffs afforded by free trade agreements (FTA) currently in force, the CCC said in a May 14 statement.
<p>Time: November 2025<br /> By: WTO and International Trade Group, Legal Department – VCCI</p>
