Cambodia’s export of goods to China saw a significant rise, valued over $1.1 billion in the third quarter this year—a year-on-year increase of 52.74 per cent, according to figures from the former’s ministry of commerce. Both sides are committed to raising bilateral trade to $10 billion by 2023 from $8.1 billion last year, according to a ministry report.
On Nov. 9, the Mission of the Republic of Korea to ASEAN celebrated ASEAN-Korea Day to commemorate the establishment of dialogue relations between ASEAN and Korea in November 1989.
Thailand’s Cabinet on November 9 approved the negotiation framework for the ASEAN-Canada free trade agreement (FTA), hoping the pact will help open a gateway for Thailand to enter North America.
China’s global value chain (GVC) links with ASEAN are both less dominant and more beneficial than they appear at first sight. But there are major challenges ahead for ASEAN. With ASEAN public opinion seeking more alignment with the United States and less with China, ASEAN’s GVC dependence on China might be seen as a cause for concern.
There is huge potential for Indonesian companies to boost exports to the UAE, especially in the categories of commodities, industrial products and textiles, according to a new analysis from Dubai Chamber.
The Philippines internet economy is projected to reach $40 billion in value by 2025, making it the fastest growing digital economy in ASEAN, a report by Google, Temasek and Bain & Company showed.
South Korea and Singapore agreed Monday to conclude their digital trade pact this year in a move to deepen broader trade and economic ties, Seoul's trade ministry said.
Regional Comprehensive Economic Partnership (RCEP) will significantly boost regional trade flows as it extends the scope of trade and investment liberalisation that will benefit nations that have ratified the agreement.
<p>Time: November 2025<br /> By: WTO and International Trade Group, Legal Department – VCCI</p>
