Cross-border trade between Cambodia and Thailand dropped 22 percent Jan-Nov (including transit trade) compared with year-to-date (YTD) figures for the same period in 2019. Bilateral trade for the period amounted to $6.6 billion, down from $8.6 billion in 2019 according to statistics from the Cambodian Embassy in Thailand.
Singapore’s COVID-19 response has fared relatively well, with total fatalities standing at 29 and one currently in critical condition. After a range of ‘circuit-breaker’ measures were implemented from 7 April to 1 June 2020, no subsequent restrictions to socioeconomic activity were re-introduced following the reopening of the economy on 2 June 2020.
The part in relation to Cambodia under the ASEAN-Hong Kong free trade agreement (FTA) and Investment Agreement (IA) is set to take effect on February 12, according to Hong Kong’s Trade and Industry Department.
A Vietnam-Thailand Online Business Matching event was held in Hanoi on January 7 to connect Vietnamese and Thai companies in light of the COVID-19 pandemic.
Dr Trần Thị Hồng Minh, Director of the Central Institute for Economic Management, talks to the Vietnam News Agency about Việt Nam’s potential for economic development in 2021
Thailand’s government on January 7 announced a 14-point plan to promote trade in 2021, including a plan to look for more free-trade agreements (FTAs).
On December 10, 2020, the UK signed a free trade agreement (FTA) with Singapore (UKSFTA) and has been in effect since January 1, 2021.
Cambodia is gauging about 50 commodities around which to craft a strategic approach on free trade agreements (FTAs) and make the most of bilateral deals with major trading partners, according to Ministry of Commerce undersecretary of state Pen Sovicheat.