Cambodia-South Korea free trade agreement promulgated in late January will come into force in the next 60 days.
Malaysia has outpaced other emerging Southeast Asia peers as the most attractive country for foreign direct investment in the 2022 Milken Institute Global Opportunity Index released on January 27, said the Malaysian Ministry of International Trade and Industry on January 28.
With the Regional Comprehensive Economic Partnership (RCEP) agreement coming into force for South Korea at the beginning of February, regional trade and economic cooperation among China, Japan and South Korea - the three major economies in East Asia - are expected to embrace new growth engines within the framework of the mega deal, bringing hope amid the ongoing pandemic and multiple global uncertainties.
The ASEAN+3 region will remain resilient in 2022 in face of new challenges from the COVID-19 pandemic and the global economy, according to the ASEAN+3 Macroeconomic Research Office (AMRO).
Việt Nam remains an attractive destination for foreign investors, including those from Singapore, thanks to the Government’s concerted efforts and measures to improve business climate and the expansion of free trade agreements.
Indonesian President Joko Widodo and Singaporean Prime Minister Lee Hsien Loong discussed measures to strengthen cooperation for post-COVID-19 economic recovery and vaccine recognition at the Singapore-Indonesia Leaders’ Retreat on January 25.
Indonesia is aiming to export cars to Australia in the first quarter of 2022, Industry Minister Agus Gumiwang Kartasasmita said on January 25, while not divulging details on the brand of the cars.
Malaysia’s economy is likely to expand at a slower rate this year as the country gradually recovers from the policies and measures implemented during the lockdowns, said Prof. Geoffrey Williams from the Malaysia University of Science and Technology (MUST).
<p>Time: November 2025<br /> By: WTO and International Trade Group, Legal Department – VCCI</p>
