The governments of Cambodia and the US have officially inked an exchange of notes on the addition of 66.2-million-USD in development grant of the US for Cambodia.
COVID–19 has been disrupting economic activities around the world, and Southeast Asia is no exception.
International Trade and Industry (MITI) calls for greater collaboration in the area of high-technologies between Malaysia and China to further strengthen bilateral trade, investment, and economic cooperation.
Singapore has signed a memorandum of understanding (MOU) with the United States to deepen economic cooperation and extend trade financing and investment support to their respective companies.
Bangladesh recently initiated formal negotiations with the Association of South East Asian Nations (ASEAN) for a free trade agreement (FTA) to enjoy greater market access in the bloc after graduating from the least developed country (LDC) group. An FTA will do away with the need to sign bilateral agreements with the 10 ASEAN member nations.
The Regional Comprehensive Economic Partnership (RCEP) was signed on 15 November 2020. The bloc is unique given the vast geographical spread of members, development differences and the depth of upcoming trade reforms. India pulled out of the negotiations on 5 November 2019 after having participated in the process since 2013, in sharp contrast with the country’s long-term objective of engaging with East and Southeast Asia.
The Thai economy may fare better than expected, helped by recovering domestic consumption and exports, according to the Fiscal Policy Office (FPO).
The government will carry out economic reforms from now until 2025 to ensure sustainable and quality growth of Gross Domestic Product (GDP).
<p>Time: November 2025<br /> By: WTO and International Trade Group, Legal Department – VCCI</p>
