Asean members are set to review trade competition regulations as concerns about fast-changing business structures grow, driven by the pandemic.
a webinar held by the Institute for Democracy and Economic Affairs (IDEAS) recently concerning a progress update on the Regional Comprehensive Economic Partnership (RCEP) and the Comprehensive and Progressive Trans-Pacific Partnership (CPTPP), the lead negotiator from the Ministry of International Trade and Industry (Miti) shared that their target for tabling the CPTPP to the cabinet is end-2021. The CPTPP could be a major catalyst to rejuvenating global trade and economies following the Covid-19 pandemic. Unlike other free trade agreements (FTAs) that solely focus on tariffs, the CPTPP extends its coverage to non-tariff measures, movement between member countries and many other provisions that further ease trade between members.
Malaysia is now ready to be back on track as an investment hub for both regional and international investors, driven by creative and innovative methods in encouraging investments implemented by the government.
The Vietnam Business Association for Cooperation and Investment in Laos (BACI) held an ceremony to mark the 17th anniversary of the Vietnam Entrepreneurs’ Day in both face-to-face and online forms in Vientiane on October 13.
Brunei Darussalam has ratified the Regional Comprehensive Economic Partnership (RCEP) agreement upon depositing its instrument of ratification with the secretary-general of the Association of Southeast Asian Nations (ASEAN) on Oct. 11.
Enhanced cooperation between organizations such as the Association of Southeast Asian Nations (ASEAN), the Eurasian Economic Union (EAEU) and the Shanghai Cooperation Organization (SCO) will contribute to further harmonization of the interregional integration processes, Russian Foreign Minister Sergey Lavrov stated on Tuesday at a meeting of top diplomats from the Conference on Interaction and Confidence Building Measures in Asia’s (CICA) member states.
COVID-19 has exposed the myriad weaknesses of cross-border value chains. Once the backbone of globalization, now they are associated with vulnerability to disruption. Thanks to the pandemic, value chains are being reconfigured with a focus on resilience.
Vietnam’s exports to Indonesia earned the country US$2.51 billion in the first eight months of 2021, a surge of 44.2% year on year despite complicated developments of COVID-19.
<p>Time: November 2025<br /> By: WTO and International Trade Group, Legal Department – VCCI</p>
