With the signing of the Regional Comprehensive Economic Partnership (RCEP), upgraded China-ASEAN Free Trade Agreement and upcoming visits by four foreign ministers of ASEAN countries to Beijing, China and ASEAN are set to expand their economic and trade cooperation.
Thailand’s latest relief package aims to improve the liquidity of businesses still impacted by the pandemic through the issuance of soft loans.
Malaysia’s central bank said it expects the economy to return to pre-Covid levels by the middle of this year, and pledged to keep monetary policy accommodative as the country charts a recovery from the pandemic.
MALAYSIA’S trade performance is expected to continue progressing buoyed by the resumption in economic activities globally as the world supply chain slowly regains its normalcy.
The study, called “RCEP: Good Markets Access Implications for ASEAN”, was released at a virtual conference held last week and includes new findings by Dr Rashmi Banga, a senior economic affairs officer of the United Nations Conference on Trade and Development (UNCTAD).
The Philippines will not stop its ongoing domestic processes for the suspension of trade concessions to Thailand even if it agreed to the creation of a facilitator-led process at the World Trade Organization to come up with a comprehensive solution to Bangkok’s continuing non-compliance to the world trade body’s decision to remove its discriminatory tax treatment on Manila’s cigarette exports.
The UK and Thailand explore new opportunities to increase trade and investment ties.
Thailand's Ministry of Commerce announced Monday the establishment of the Regional Comprehensive Economic Partnership (RCEP) Center to facilitate growth of trade.