With many Southeast Asian countries resuming factory production as well as imports of more industrial intermediates from China, both shipping costs and trade volume between the two sides have risen significantly this year, exporters and forwarders said on Wednesday.
Cambodia's total export to the Regional Comprehensive Economic Partnership (RCEP) member countries amounted to 1.95 billion U.S. dollars in the first quarter of 2022, up 11 percent from 1.75 billion dollars over the same period last year, a Ministry of Commerce's data showed on Thursday.
Malaysian Prime Minister Ismail Sabri Yaakob has said the government will refine the proposals forwarded by the National Chamber of Commerce and Industry of Malaysia (NCCIM) aimed at especially strengthening the domestic direct investment (DDI), the most important element to revive the economy.
Malaysia stands to gain from Indonesia’s move to impose an export ban on palm oil to tackle rising domestic cooking oil prices.
As of April 28, 2022, Indonesia has begun a complete ban on palm oil exports, a move that could threaten global food prices and place extra pressure on already steep cooking oil prices worldwide.
To understand the interrelationship between ASEAN and the Regional Comprehensive Economic Partnership (RCEP), it is useful to separate the newer, less developed members
Singapore remains fully open to trade and investments as it reopens after the Covid-19 pandemic and charts a new way forward, said Finance Minister Lawrence Wong after a 10-day work trip to the United States.
Russia’s unprecedented invasion of Ukraine is threatening Southeast Asia’s post-COVID economic recovery. Although these countries have few direct economic links to Russia or Ukraine, the conflict is causing various commodity prices — especially oil, nickel, wheat and corn — to surge.
<p>Time: November 2025<br /> By: WTO and International Trade Group, Legal Department – VCCI</p>
