Minister of Trade Agus Suparmanto attended a virtual ’special caucus’ meeting of 10 ASEAN Economic Ministers on Monday, November 2, 2020.
Coordinating Maritime Affairs and Investment Minister Luhut Binsar Pandjaitan reiterated Indonesia's commitment to supporting a green and sustainable economy despite the ongoing COVID-19 pandemic.
ASEAN is the world’s third most populous economy and is projected to become the fourth largest economy by 2030. By then, domestic consumption, which powers roughly around 60 percent of ASEAN’s gross domestic product (GDP) today, is expected to double to US$4 trillion. The population too will reach 723 million from the current 648 million people.
Philippine exports grew 2.2% in September from a year earlier, the first monthly rise since February, as the government gradually reopened the pandemic-hit economy, government data showed on Wednesday.
Trade between the Association of Southeast Asian Nations (ASEAN) and China in the first three quarters of the year reached 481.8 billion USD, accounting for one seventh of China's foreign trade, said Chinese Ambassador to ASEAN Deng Xijun.
Last month, ministers from the UK and ASEAN held their first joint Economic Dialogue. It produced commitments to boost trade, create new digital partnerships and focus on building sustainable infrastructure.
Ambank Group Research said Malaysia’s economic rebound in the third quarter of 2020 could be losing momentum.
The Thai National Shippers' Council said in a press briefing on Tuesday (Nov 3) that Thailand's exports may drop by only 7 per cent this year, an improvement compared with the 8 to 10 per cent drop earlier forecasted.
<p>Time: November 2025<br /> By: WTO and International Trade Group, Legal Department – VCCI</p>
