The government was not able to maximize the 2008 trade deal with Japan – with an "alarmingly low" utilization rate of 16.6%, according to a study by state think tank Philippine Institute for Development Studies (PIDS).
Richard Maude, Senior Fellow at Australia’s Asia Society Policy Institute, has spoken highly of trade prospects of Southeast Asian nations against the backdrop of COVID-19.
Malaysia will discuss with Indonesia to formulate the best strategy to protect the oil palm industry of both countries in the near future, said Minister of Plantation Industries and Commodities Mohd Khairuddin Aman Razali.
Cambodia and South Korea on February 3 concluded talks for a bilateral free trade agreement (FTA), which Minister of Commerce Pan Sorasak and his Korean counterpart Yoo Myung-hee plan to sign in mid-2021, setting zero tariffs for a broad range of goods, according to a joint press statement.
THE Regional Comprehensive Economic Partnership (RCEP) could provide the next impetus for growth in Asean, which attracted about one third less foreign direct investment (FDI) on the back of the Covid-19 pandemic, says a report by UOB.
The amendments to the ASEAN-China FTA came into force in August 2019, simplifying the rules for trade of goods, services, and investments in the ASEAN-China economic zone that is home to over 1.8 billion people.
Dubai trade with Indonesia stood at AED5.4 billion: AED4.42b of imports, AED600m of exports, and AED380m of re-exports, according to Dubai Customs' Director-General.
The World Logistics Passport (WLP), a major policy initiative established to increase trading opportunities between emerging markets, announced on Wednesday the joining of India, Indonesia and South Africa as members.