Exports to Myanmar are forecast to fall by 60-96.5 billion baht this year because of Myanmar's political chaos, according to the latest study by the University of the Thai Chamber of Commerce (UTCC).
In December, the United States’ Generalized System of Preferences (GSP) expired for Cambodia and a decision on the extension is pending. The expiration means that Cambodia’s exports to the U.S. are now subject to “most favored nation” status tariffs, which reportedly range from 12 to 33 percent. Under the GSP, in comparison, Cambodia enjoyed duty-free on travel goods such as luggage, backpacks, handbags, and wallets – items that previously faced import duties of up to 20 percent – as well as preferential import taxes on other goods.
Asean's unity and neutrality is what allows the grouping to be the convener of regional processes, and it needs to maintain that role amid stormy United States-China relations, Singapore's ambassador-at-large Tommy Koh said on Tuesday (May 25).
Asean needs to collaborate with the private sector for greater and more sustainable progress of the Asean Economic Community (AEC) as part of the move for the region to recover from the Covid-19 pandemic.
Singapore stuck to its economic growth forecast for this year, seeing past the impact of restrictions imposed to stem an uptick in Covid-19 cases while flagging that the global course of the pandemic remains a key risk.
The Regional Comprehensive Economic Partnership (RCEP) Industry Cooperation Committee lauded National Chamber of Commerce and Industry Brunei Darussalam (NCCIBD)
In order to implement the import tax commitments under the Vietnam - Cambodia Agreement, according to the provisions of the Law on Import Tax and Export Tax No. 107/2016/QH13, the Ministry of Finance drafted a Decree promulgating the Special Preferential Import Tariff to implement the Agreement on Promoting Bilateral Trade between Vietnam and Cambodia from January 1, 2021 to December 31, 2022.
Robert Young knows that a trade deal covering 11 countries and spanning three continents may be the missing piece to solve the recovery puzzle of the garments industry.
<p>Time: November 2025<br /> By: WTO and International Trade Group, Legal Department – VCCI</p>
