ASEAN leaders have been urged to take urgent measures to ensure uninterrupted supply chain for essential food, intensify ASEAN-wide trade facilitation and plans for the gradual reopening of the economy to restore market confidence.
With uncertainties and increasing rivalry among major powers in the world, ASEAN, especially Vietnam, will need to rely on its own devices to drive growth this year, economists said.
The COVID-19 pandemic has crippled economies all over the world, with the International Monetary Fund (IMF) predicting the worst economic crisis since the Great Depression nearly a century ago.
The Thai government issued its third COVID-19 stimulus package on April 7, 2020, valued at 1.9 trillion baht (US$58 billion).
ASEAN and Japan have agreed to support each other in coping with the COVID-19 pandemic by focusing on easing its impact, enhancing economic flexibility, promoting export and solving problems faced by small- and medium-sized enterprises, according to the Thai Ministry of Commerce.
Deputy Prime Minister and Foreign Minister Phạm Bình Minh on Thursday (April 23) said Vietnam would enhance its co-operation with other countries, including the US, as well as the World Health Organization in the fight against the Covid-19 pandemic.
Statement of the ASEAN ministers on agriculture and forestry in response to outbreak of coronavirus disease (COVID-19) to ensure food security, food safety and nutrition in ASEAN
Indonesia’s manufacturing industry kept positive growth at 10.11 percent in the first quarter of 2020 amid the pressure caused by the COVID-19 pandemic.
<p>Time: November 2025<br /> By: WTO and International Trade Group, Legal Department – VCCI</p>
