• Indonesia and the United States have enjoyed bilateral relations that stretch from 1949, with annual total trade valued at US$30 billion. • Indonesia enjoys a trade surplus with the US, with agriculture products, apparel, and rubber being some of the top export categories. • The country has been heavily promoting new industrial parks to attract US companies, particularly those in the pharmaceutical sector. • Further, the government is planning reforms to its labor and investment laws to improve its ease of doing business.
On 24 September 2020, Thailand notified the WTO’s Committee on Safeguards that it initiated on 18 September 2020 a safeguard investigation on aluminium foil.
On 23 September 2020, Malaysia notified the WTO’s Committee on Safeguards that it initiated on 13 September 2020 a safeguard investigation on ceramic floor and wall tiles.
The Cambodian government has launched a Financial Management Information System (FMIS) and tax data management system to streamline government financial information.
Vietnam is likely to be the second best performer of economic recovery in Asia-Pacific, said a report recently released by S&P Global Ratings which revised up GDP growths of regional countries this year in the light of reviving trade and consumption.
The Vietnam Trade Office in Malaysia and the Vietnam Malaysia Business Association (VMBIZ) on September 23 signed a memorandum of understanding (MOU) on enhancing cooperation to boost trade and investment between the two countries’ businesses.
The Indonesian government is developing a reformed national logistics ecosystem (NLE) by easing and simplifying the upstream to downstream process, which was expected to lower the logistics cost from 23.5 percent to 17 percent of the gross domestic product (GDP).
The Asian Development Bank (ADB) has approved over US$29 million in financing to help Cambodia improve service delivery through key reforms in public financial management and decentralisation, it said in a press statement.
<p>Time: November 2025<br /> By: WTO and International Trade Group, Legal Department – VCCI</p>
