In September alone, bilateral trade volume hit $732 million, expanding by 48 per cent year-on-year from $495 million.
The Ministry of Commerce has set up a working group to study and collect input from stakeholders and the private sector to develop strategies to maximize the implementation of the Free Trade Agreement, of which Cambodia is a signatory. This was said by Pan Sorasak, Minister of Commerce.
There is no doubt that the logistics industry has played a significant role in increasing the country’s economic development.
American customs authorities have blocked imports of disposable gloves made by Malaysia's Smart Glove in their latest action against the Southeast Asian nation's glove business over alleged worker abuses.
The Philippines continues to enjoy lower tariffs when exporting certain products to member states of the Eurasian Economic Union (EAEU).
The Association of Southeast Asian Nations (ASEAN) Secretariat has announced that the Regional Comprehensive Economic Partnership (RCEP) agreement, the world’s largest trade deal so far, will enter into force on Jan. 1, 2022.
The Trade Ministry facilitated the inking of 18 memoranda of understanding (MoUs) and Single Purchasing Statements (SPS) totaling US$87.89 million between Indonesian business actors and trading partners in Malaysia.
In recent years, Free Trade Agreements (FTAs) have started to include rules for the digital economy as a result of pressure from Big Tech. These trade measures are potentially damaging to a country’s possibilities of digital industrialisation, permanently locking in advantages for the richest nations. This summary analyses the most important points being negotiated by Indonesia with the European Union and RCEP.