On January 1, 2022, nearly one year after it was signed, the Regional Comprehensive Economic Partnership (RCEP) trade agreement will go into effect following the ratification of the agreement by Australia and New Zealand. When it enters into force, the 15-member partnership will be doubly historic: it will be both China’s first multilateral trade agreement and the world’s largest free trade agreement. Equally remarkable to China’s presence in RCEP is the United States’ absence.
A business forum themed “To ASEAN Business Days” took place in Torino city in the northern Piedmont region of Italy on November 29-30, discussing solutions to expand trade ties between the European nation and ASEAN member nations.
Lao Prime Minister Phankham Viphavan paid an official visit to Cambodia on November 29 and 30 at the invitation of his Cambodia counterpart Samdech Techo Hun Sen, Vientaine Times reported.
Bank Indonesia (BI) said it expects Indonesia’s gross domestic product (GDP) to increase by between 4.7 and 5.5 percent in 2022, higher than the previous forecast of 3,2-4 percent.
With exports forecast to double in value from 2020 to 2030, Indonesia will enjoy one of the fastest growth rates among emerging markets, according to analysts at Standard Chartered.
Thailand’s Agriculture and Cooperatives Ministry has said that the new Laos-China railway, which will start running from December 2, should serve as a good delivery channel for the agriculture industry.
The Government has just issued Resolution 150/NQ-CP approving the ASEAN Framework Agreement on the Facilitation of Cross-border Transport of Passengers by Road Vehicles (CBTP).
Prime Minister Pham Minh Chinh attended Vietnam-initiated ASEAN high-level forum on sub-regional cooperation for sustainable development and inclusive growth held in both in-person and virtual forms on November 30.
<p>Time: November 2025<br /> By: WTO and International Trade Group, Legal Department – VCCI</p>
