The newly signed Regional Comprehensive Economic Partnership (RCEP) Agreement among 15 Asia-Pacific nations provides easier conditions for Vietnamese exporters to meet rules of origin.
The recently concluded Comprehensive Regional Economic Partnership (RCEP) agreement is a proof of resolve of Malaysia, together with ASEAN member countries and the five ASEAN Free-Trade Agreement (FTA) partners, to continue strengthening regional economic integration, facilitating cross-border trade and investment, and reducing non-tariff barriers, a Malaysian minister has said.
The export of farm, fishery and livestock products to 18 countries that Thailand has free-trade agreements (FTA) with inched up one per cent year-on-year to $13.52 billion in the first 11 months of last year, Department of Trade Negotiations director-general Auramon Supthaweethum said.
THE nation’s trade balance narrowed month-on-month (MoM) from RM22.1 billion to RM16.8 billion in Nov 2020, while exports were driven up by 4.3% on manufacturing and agricultural exports and imports were down 2% on low oil prices and muted demand.
The COVID-19 pandemic has cast a long shadow and created uncertainty over the global economy. The signing of the Regional Comprehensive Economic Partnership (RCEP), however, offers a beacon of hope, as it marks a victory for multilateralism and free trade regionally and globally.
The free trade agreement between Singapore and the United Kingdom will take effect provisionally on Friday (Jan 1), providing "certainty and clarity in trading arrangements" between both countries, said the Ministry of Trade and Industry on Thursday.
Malaysia can further streamline its foreign investment policy to boost business networks and alliances between its companies and China firms and state-owned enterprises.
China stands ready to work with ASEAN to further enrich the strategic partnership and usher in a new era of peace, development and cooperation for the region, said Chinese State Councilor and Foreign Minister Wang Yi.
<p>Time: November 2025<br /> By: WTO and International Trade Group, Legal Department – VCCI</p>
