Turkey is seeking to enhance ties with ASEAN and the Asia Pacific region to potentially help revive its economy, plagued by prolonged high inflation, widening deficits, as well as the pandemic.
Investment opportunities were at centre stage of a press conference held in Bangkok, on January 26 as part of a series of events marking the 45th anniversary of diplomatic relations between Thailand and Vietnam.
After almost a decade of negotiations, the Regional Comprehensive Economic Partnership (RCEP) Agreement was signed on 15 November 2020 by 10 ASEAN member states, along with Australia, China, Japan, New Zealand and South Korea.
Indonesia climbed up a notch to fourth position in the latest ranking of ASEAN member states exporting different commodities to China last year.
Australia and Malaysia will remove trade barriers, increase collaboration between law-enforcement agencies, and ink a new cyber security deal as part of a decision to elevate relations to a comprehensive strategic partnership (CSP).
The COVID-19 pandemic has caused prolonged socio-economic disruptions in the ASEAN region, exposing fundamental weaknesses and vulnerabilities in various sectors.
FOREIGN direct investment (FDI) flows into Singapore fell by 37 per cent to US$58 billion last year, noted an Investment Trends Monitor report by the United Nations Conference on Trade and Development (Unctad).
In its latest "Asia Economics Quarterly" report, the Hong Kong Shanghai Banking Corporation (HSBC) said Vietnam posted the fastest growth in Asia in 2020 and will once again be among the star performers in the region in 2021.
<p>Time: November 2025<br /> By: WTO and International Trade Group, Legal Department – VCCI</p>
