Malaysia's Ministry of Finance stated in its Economic stance next year report that Malaysia's gross domestic product (GDP) is projected to shrink by 4.5 percent in 2020, before recovering between 6.5 percent to 7.5 percent in 2021.
Prime Minister Nguyen Xuan Phuc is to deliver a welcome speech in the form of pre-recorded video at the online opening of the 17th China-ASEAN Expo (CAEXPO) on November 27, at the invitation of the Chinese Government.
Vietnamese Prime Minister Nguyen Xuan Phuc held talks with his Cambodian counterpart Samdech Techo Hun Sen via videoconference on November 24 to discuss ways to enhance the bilateral relations and exchange views on some international and regional issues of shared concern.
The Myanmar government is putting the finishing touches on an ambitious new economic recovery and reform plan. To be announced during the current transition period following the Nov 8 elections, it will be part of the strategic plan for the next five years.
The Ministry of Trade and Industry (MTI) of Singapore on November 23 narrowed its forecast contraction to between 6 percent and 6.5 percent in 2020, from 5 percent to 7 percent before, as GDP improved in the third quarter.
Her Majesty’s Trade Commissioner for Asia Pacific, Natalie Black CBE, co-chaired the meeting alongside Deputy Secretary General (Trade) for the Ministry of International Trade and Industry (MITI), Mr Hairil Yahri Yaacob.
Indonesia plans to exclude several “sensitive” commodities such as rice, weaponry and alcoholic beverages from its scheduled commitment to eliminating tariffs in the Regional Comprehensive Economic Partnership (RCEP).
The signing of the Regional Comprehensive Economic Partnership (RCEP) agreement on 17 November demonstrates that protectionism is not universally on the rise in 2020.
<p>Time: November 2025<br /> By: WTO and International Trade Group, Legal Department – VCCI</p>
