The online ASEAN Customs Transit System (ACTS) was officially launched on November 30 to accelerate trade in goods by road within Southeast Asia.
The online Asean Customs Transit System was launched on Tudsday (Dec 1) to accelerate trade in goods by road within Southeast Asia.
Hong Kong has gained support from Beijing and some neighboring countries to join the Regional Comprehensive Economic Partnership signed by 15 countries to promote free trade, Chief Executive Carrie Lam Cheng Yuet-ngor said.
Vietnam and Laos used the 30th annual border meeting held on November 30 in Vientiane to consent to proposing that their respective governments allow the resumption of the clearance of goods at main and secondary border gates.
The scope and depth of business ties between China and the Association of Southeast Asian Nations will be further enriched over the next decade, supported by open markets, diversified multilateral investment and digital technology-led pathways, said government officials and business leaders.
The Indonesian government is expecting to finish the ratification of the comprehensive economic partnership agreement with Iceland, Lichtenstein, Norway and Switzerland early next year in a bid to attract investment from those countries amid the COVID-19 crisis.
Say you are a company producing mutton curry in Singapore. With the newly-signed Regional Comprehensive Economic Partnership (RCEP) trade pact, you can buy ingredients such as mutton and curry paste from 14 other countries and still have the final can or packet dish count as being made in Singapore. This will be more cost-effective for two reasons.
The Government of Thailand looks to restructure the economy next year to attract foreign investors to new industries and establish a central e-commerce platform to boost online sales nationwide, local media reported.
<p>Time: November 2025<br /> By: WTO and International Trade Group, Legal Department – VCCI</p>
