The Regional Comprehensive Economic Partnership (RCEP) free trade pact and bilateral free trade agreements (FTA) will be a booster for Cambodia's economic growth in the coming years, according to the World Bank's economic update report released on Tuesday.
Projection for Cambodia’s economic growth has been maintained at 4.5 per cent by the World Bank (WB) under its baseline scenario despite global demand slowdown, thanks to the rollback of travel restrictions prompted by a high national Covid-19 vaccination rate.
Indonesia is likely to close its first quarter this year without ratifying the Regional Comprehensive Economic Partnership (RCEP), costing businesses and further delaying its economy from benefiting from the world’s largest free trade agreement.
RCEP is aimed at creating a new regional economic architecture that supports and contributes to economic integration, enhances the regional supply chains and production networks, and strengthens economic cooperation among participating countries, said a Thai commerce official.
Thailand's Deputy Prime Minister and Commerce Minister Jurin Laksanavisit said his country hoped to further expand exports to China building on solid bilateral trade cooperation.
China and Indonesia agreed on Thursday to formulate an action plan as soon as possible to synergize the Belt and Road Initiative with the ASEAN Outlook on the Indo-Pacific.
Thailand is ready to boost agricultural trade with Morocco, the president of the Thai Senate said on Thursday.
The Minister/Counselor for Economic Affairs, Indonesian Embassy in Nigeria, Tamel Vinsen Sinabutar, says Nigeria is an important trade partner to Indonesia in Africa.
<p>Time: November 2025<br /> By: WTO and International Trade Group, Legal Department – VCCI</p>
