Malaysia’s trade is expected to recover in 2021 backed by a recovery in global demand, especially for agricultural and manufactured goods, as Covid-19 threats recede following a massive global vaccination programme.
Cambodia and South Korea have concluded their free trade agreement (FTA) negotiations and are now closer to the signing of a final pact later this year.
After 44 years of formal partnership, ASEAN and the EU agreed to upgrade their relationship to a strategic partnership on December 1, 2020.
Foreign investors and independent credit evaluators are echoing confidence in Cambodia in light of the series of free trade agreements (FTAs) both completed and being pursued by the Kingdom’s government. According to the ASEAN Briefing (AB), such FTAs could see the region become the world’s fourth-largest economy by 2030, comprising a consumer market estimated topping $4 trillion.
Cambodia is in the process of re-considering its decision to temporarily ban four types of imported farmed fish from the nation following a request made by the Vietnamese side.
Now that the United Kingdom has left the European Union, there is a chance for Indonesia to build on the UK–Indonesia bilateral economic partnership. Brexit is pushing the United Kingdom to form trade partnerships the world over and discussions are now taking place with Indonesia as part of a Joint Trade Review (JTR).
The RCEP agreement is expected to come into effect soon and improve market access for Vietnamese exports. However, the reality of Vietnam's trade deficit with the RCEP region in recent years and consequences of supply chain disruption due to the Covid-19 pandemic in 2020 also make some Vietnamese experts concerned about the benefits Vietnam can derive from the RCEP, especially in a more recent dimension of the degree of economic autonomy.
Indonesia targets exports to increase by 6.3 percent in 2021, said Minister of Trade Muhammad Lutfi during a press conference for the country’s trade outlook held on January 29.
<p>Time: November 2025<br /> By: WTO and International Trade Group, Legal Department – VCCI</p>
