The Brunei economy recovered in 2019 and the recovery is expected to continue this year amid a sharp slowdown in the global economy, according to the 2019 Annual Consultation Report on Brunei Darussalam published on Monday (Aug 31) by the Asean+3 Macroeconomic Research Office (AMRO).
Thailand’s exporters are being urged to make the best use of existing free trade agreements (FTAs) to boost shipments of medical supplies, particularly for syringes and medical needles, as the COVID-19 pandemic has driven import demand for such products.
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.
The economy of Thailand improved in July thanks to public spending and an easing of coronavirus containment measures, according to the Bank of Thailand (BoT).
Vietnam celebrates its national day today, a day that commemorates not only the end of World War II, but the day on which former President Ho Chi Minh read the Declarations of Independence of Vietnam.
Malaysia's Ministry of International Trade and Industry (MITI) is engaging with stakeholders to get feedback on sensitive issues such as government procurement before deciding on the ratification of the Comprehensive and Progressive Agreement for the Trans-Pacific Partnership (CPTPP).
Thailand’s Deputy Minister for Commerce Sansern Samalapa has said signing the RCEP agreement would help boost confidence in the business sector and promote multilateral trade, while expressing his confidence the deal would help expedite the region's economic recovery after the COVID-19 pandemic.
The country is in the midst of its worst economic crisis since World War 2. Thus far, two thirds of all micro, small and medium enterprises (MSMEs) have either closed or significantly downsized. This should alarm us all since MSMEs comprise 98.57 percent of all business establishments in the country. They account for 71 percent of employment and 25 percent of export earnings. Collectively, they contribute 39 percent to GDP.
<p>Time: November 2025<br /> By: WTO and International Trade Group, Legal Department – VCCI</p>
