CHINA’s most important meetings of the year – “Two Sessions” – have unveiled Beijing’s medium- and long-term economic goals and strategies that experts believe will not only boost China’s quality development and modernisation but will also benefit the world, in particular Asean.
Three countries’ joint triangle development is considered a model for the rest of ASEAN. Government leaders of Cambodia, Lao, and Vietnam (CLV) have discussed a joint master plan for socio-economic development in 2021-2030.
Japan, Australia, India and ASEAN (Association of Southeast Asian Nations) are promoting cooperation on sharing the production data of key industries such as cars and electronics, as the supply chains for such industries are expanding into many countries and regions. Entities from both the public and private sectors are expected to participate in the scheme, according to sources.
The ASEAN Comprehensive Investment Agreement (ACIA) aims at promoting trade and investment in the ASEAN region by building a free, open, and transparent investment regime.
The Eurasian Economic Union (EAEU) is considering an opportunity of establishing free trade agreements with Indonesia and Mongolia, Deputy Foreign Minister of Russia Alexander Pankin has stated, saying that “Joint research groups have been formed to examine the feasibility of making free trade agreements with Indonesia and Mongolia.”
Thailand and Canada have agreed to strengthen trade and investment between the two countries, with Thailand calling on Canada to support Thai restaurants and food imports.
After suffering the worst contraction in decades last year, the Philippine economy is expected to grow by as much as eight percent this year, well above government targets, according to Oxford Economics.
Border trade between Malaysia and Thailand fell 9.1 per cent to 249 billion baht (100 Thai baht = RM13.36) last year as border closure to curb the spread of Covid-19 led to trade disruption.
<p>Time: November 2025<br /> By: WTO and International Trade Group, Legal Department – VCCI</p>
