Indonesia has become India’s largest trading partner in the ASEAN region. Bilateral trade between the two countries increased from US$26.04 billion in 2022 to US$38.84 billion in 2023, a significant 48 percent growth. The two nations aim to reach US$50 billion in trade by 2025.
India and Malaysia have cultivated a dynamic and growing trade relationship, driven by strategic economic partnerships and mutual interests.
Jakarta is proposing 200 percent tariffs on Chinese goods, citing the United States’ policies as an inspiration.
At a working breakfast and special exchange on October 10, PMs of Vietnam, Laos, and Cambodia, and representatives from ASEAN Business Advisory Council seek solutions to strengthen cooperation and promote partnership among the three countries.
President Yoon Suk Yeol and Thai Prime Minister Paetongtarn Shinawatra held their first summit in Laos on Thursday and agreed to make efforts to promptly conclude negotiations for a bilateral trade deal, Yoon's office said.
The Thai Chamber of Commerce and Board of Trade of Thailand, the Thai-Chinese Chamber of Commerce, and the Chinese Enterprises Association have jointly announced the establishment of a "Coordination Mechanism for Sustainable Thai-Chinese Business Promotion."
Prime Minister Pham Minh Chinh confirmed to create favorable conditions for Singaporean businesses to expand investment in Vietnam with priority given to the fields of high technology, digital economy, circular economy, innovation, semiconductor and AI, the Vietnam News Agency has reported.
The Philippines and the European Union (EU) are set to resume next week the negotiations for a free trade agreement (FTA), which the Department of Trade and Industry (DTI) wants to conclude by 2027 to ensure continued preferential market access to the bloc.
<p>Time: 2024 By: Ministry of Industry and Trade</p>
