Brunei Darussalam and Indonesia recorded an increase of 360 per cent (US$374.2 million) in bilateral trade volume in 2021.
Malaysia is set for another commendable trade journey this year, although the value is not expected to be as high as the record-breaking RM2.2 trillion last year, economists said.
Over the past decade, Thailand has made extraordinary progress in its transformation towards the digital economy. A number of indicators of digital infrastructure and accessibility have shown some improvement for large segments of the population.
The value of garment and textile exports from the Philippines this year may expand by around 50 per cent to $1.5 billion as the industry is keen on filling up supply gaps by other producers.
To Cambodia, RCEP constitutes a modern legal platform that inspires the country to opt for more liberalized free trade agreements, using RCEP as a liberalization model or threshold, said Cambodian Commerce Minister Pan Sorasak.
Both Malaysia and China aspire to leverage the Regional Comprehensive Economic Partnership (RCEP) agreement to boost trade activities, said Deputy Minister of International Trade and Industry, Datuk Lim Ban Hong.
Senior Minister and Minister of International Trade and Industry, Datuk Seri Mohamed Azmin Ali and other ASEAN Economic Ministers are expected to charter ASEAN’s regional work plan for 2022 during the virtual 28th ASEAN Economic Ministers’ (AEM) Retreat, which will be held on Wednesday (March 16).
Mexico and Malaysia are good investment destinations for US businesses, particularly those with a China footprint seeking to diversify their supply chains.
<p>Time: November 2025<br /> By: WTO and International Trade Group, Legal Department – VCCI</p>
