The growth of the Philippine economy is likely to be sharply tempered this year, weighed by the effects of the enhanced community quarantine to curb the coronavirus outbreak.
The committee will support the rollout of 5G networks in the country – a move that will boost the digital economy and help post-Covid recovery.
Việt Nam will work closely with other ASEAN countries and partners, including Australia, to maintain ASEAN's activities through teleconferences, continue to actively promote orientations and priorities for co-operation set out in 2020, said Vietnamese Deputy Foreign Minister Nguyễn Quốc Dũng.
Thai exports of computers and components in the first quarter of 2020 rose to nearly US$4 billion (Bt128 billion), placing it at the top among Asean nations, said Department of Trade Negotiations director-general Auramon Supthaweethum.
COVID-19 put tourism in Southeast Asia on hold. ASEAN economies need their tourism sectors to get moving again once restrictions are lifted—but it will take time and a flexible approach.
Thailand’s economy contracted at its sharpest pace in eight years in the first quarter, pushing South-east Asia’s second largest economy into recession sooner than expected, as the coronavirius pandemic hit tourism and domestic activity.
The Covid-19 pandemic has ravaged countries around the world over the past three months and India, the world's largest democracy with 1.4 billion people, has been among the hardest hit. Prime Minister Narendra Modi gave his people just four hours advance notice of the mandatory lockdown on March 24, a measure that continues today and which has caused massive hardship.
Indonesia's imports last month shrank at the fastest pace in nearly five years, underlining weak domestic demand and export markets that were disrupted by the coronavirus pandemic, trade data showed yesterday.
<p>Time: November 2025<br /> By: WTO and International Trade Group, Legal Department – VCCI</p>
