Asean states will not take sides as US-China competition intensifies in the region, opting instead to engage the two powers based on their own needs, according to diplomatic observers.
The spice market worldwide is worth $19 billion, but Vietnamese companies have only a small market share. In 2004, Ong Thi Kim Ngan, deputy director of Thanh Ha Fish Sauce, attended international trade fairs to introduce Phu Quoc fish sauce, a specialty of the family-run company.
The United States (US) is preparing a scaled-back version of a trade pact as Southeast Asian nations gather in Washington, where President Joe Biden is seeking to show solid commitment in the face of a rising China.
After the graduation to a developing nation, Bangladesh may take the initiative for holding discussions with ASEAN countries to sign free trade agreement (FTA) to expand its export and trade, Philippine Ambassador Alan L Deniega said today.
The United States on Thursday pledged over $150 million in investment to the Association of Southeast Asian Nations for maritime cooperation, infrastructure and other initiatives as it kicked off a two-day summit with the 10-member group in Washington.
The Indo-Pacific Economic Framework (IPEF) proposed by the US needs to be "inclusive" and provide "tangible benefits" to encourage wider participation, said Singapore Prime Minister Lee Hsien Loong on Thursday (May 12).
The 25th ASEAN+3 Finance Ministers’ and Central Bank Governors’ Meeting (AFMGM+3) was convened on 12 May 2022 under the co-chairmanship of H.E. Dr. Aun Pornmoniroth, Deputy Prime Minister and Minister of Economy and Finance of the Kingdom of Cambodia, H.E. Sum Sannisith, Deputy Governor of the National Bank of Cambodia and H.E. Liu Kun, Minister of Finance of the People’s Republic of China, H.E. Chen Yulu, Deputy Governor of the People’s Bank of China.
Durians have entered their best season, and orders for the "stinky" fruit in China began to soar in late April, driving its imports from Southeast Asia, its main producing area.
<p>Time: November 2025<br /> By: WTO and International Trade Group, Legal Department – VCCI</p>
