The Philippines has formally expressed interest in joining the Trans-Pacific Partnership, with the goal of building new relationships with countries outside its existing bilateral free trade agreements.
Singapore ratified a landmark agreement in bolstering services trade in Asean on Monday (April 5), signalling its strong commitment to creating a more transparent and stable environment for services trade in region.
Cambodia recently issued its eighth round of economic relief measures for the private sector, comprising financial aid for suspended workers and the suspension of tax obligations.
Bilateral trade between Cambodia and ASEAN was valued at $11,330 million in 2020, a year-on-year increase of 22.42 percent.
The ASEAN+3 Macroeconomic Research Office (AMRO) forecast the ASEAN+3 region will expand by 6.7 percent this year and 4.9 percent in 2022, after contracting marginally by 0.2 percent in 2020.
Top trade officials from South Korea and Malaysia on Thursday agreed to expand bilateral exchanges to overcome the economic fallout from the new coronavirus pandemic, while joining hands to tap deeper into emerging industries, including eco-friendly automobiles and renewable energy.
The Filipino government is expected to forego tariff revenue of over $58 million a year from the 15-country Regional Comprehensive Economic Partnership (RCEP) trade deal. Although painful, this is among the smallest projected losses in the region.
The 19th Meeting of the ASEAN-Russia Joint Cooperation Committee (ARJCC) was held virtually on March 30.
<p>Time: November 2025<br /> By: WTO and International Trade Group, Legal Department – VCCI</p>
