The 37th ASEAN Summit was held in mid-November, together with the ASEAN +3 Summit, the East Asia Summit, and related meetings. Most reporting focused on the signing of the Regional Comprehensive Economic Partnership (RCEP), but the approach to ASEAN cooperation in the post-COVID-19 new normal set out by the ASEAN Comprehensive Recovery Framework (ACRF) and Its Implementation Plan are equally important.
The economic damage brought by the coronavirus pandemic on the Philippines is more severe than previously thought, officials said on Thursday, forcing the government to forecast a deeper contraction of 8.5%-9.5% for the year.
The German embassy in Phnom Penh announced the European Union (EU) and the Association of South East Asian Nations (Asean) have decided to upgrade their relations to a Strategic Partnership.
A senior official of the Ministry of Commerce (MoC) said negotiations towards a free trade agreement (FTA) between Cambodia and South Korea saw agreement on 90 percent of the issues addressed as the fourth round of talks concluded last month.
The European Union and the Association of Southeast Asian Nations (ASEAN) have agreed to elevate their relationship to a strategic partnership, marking a first step to simplified trade between the bodies.
THE signing of the Regional Comprehensive Economic Partnership (RCEP) is anticipated to benefit local industries as the mega free trade agreement (FTA) will lower barriers to entry for Malaysian goods and services in East Asia.
BILATERAL trade between Singapore and the European Union (EU) has held steady despite the pandemic, and both sides must continue to "stay the course" on free trade even as populist pressures mount globally, said Minister-in-Charge of Trade Relations S Iswaran on Thursday evening.
I met Ambassador Raja Nushirwan Zainal Abidin at the Malaysian Embassy in Beijing, when he was preparing to attend an event promoting durian. The durian on display was a premium durian from Malaysia, Musang King, a fruit that's popular in China.
<p>Time: November 2025<br /> By: WTO and International Trade Group, Legal Department – VCCI</p>
