Asia, the cradle of some of the oldest civilizations, has again been gaining a pivotal role on the world scene. As home to the youngest populations and the most dynamic economies in the world, center of gravity of global economy has shifted towards Asia.
The EU in Laos is providing support for the export of Lao goods to the European market through training sessions for government officials and associated parties.
Indonesia pulled out of recession in the second quarter, reporting its strongest annual growth rate in 17 years, but analysts warned its economic recovery will suffer a setback due to a recent surge in COVID-19 infections.
Cambodia is turning to Russian investors after Singapore’s KrisEnergy abandoned the only operational offshore oil block in the Kingdom’s waters. Sok Khavan of the Ministry of Mines and Energy appealed to business leaders during the recent Online Business Mission of Russian Companies to the Kingdom of Cambodia. The Secretary of State pointed out that Russian firms have experience in searching for oil in the Kingdom, both inland and offshore.
The government expects private investment in the state flagship Eastern Economic Corridor (EEC) scheme to reach as much as 2.5 trillion baht in 2027, playing a key role in driving economic growth during that period.
Fifty-four years after the AseanDeclaration on Aug. 8, 1967, Indonesia plays a strategic role in the region’s economic integration.
Japanese Foreign Minister Motegi Toshimitsu has stressed the importance of working with Southeast Asian countries to realize a free and open Indo-Pacific.
The Tasmanian Liberal Government is continuing to grow and expand access to world markets for Tasmanian products and this has been boosted by the appointment of the first-ever Singapore-based Trade Advocate.
<p>Time: November 2025<br /> By: WTO and International Trade Group, Legal Department – VCCI</p>
