The Economic Ministers of ASEAN member states and their partner countries on August 28 emphasised the importance of further strengthening regional economic cooperation and promoting economic growth post COVID-19
FREE TRADE agreement (FTA) negotiations between the Philippines and South Korea are still due to conclude this year despite delays caused by the pandemic, the Department of Trade and Industry (DTI) said.
The Association of Southeast Asian Nations (ASEAN) has agreed to prioritise its signining of the Regional Comprehensive Economic Partnership (RCEP) with six free trade partners by the end of this year.
Despite economic stagnation and border closures, due to COVID-19, Thailand remains ASEAN’s largest exporter of fresh refrigerated vegetables, while being 14th in the world.
Business communities of India and ASEAN should work to resolve their differences, remove non-tariff barriers, ensure sanctity of rules of origin and open markets to expand two-way trade, Indian Commerce and Industry Minister Piyush Goyal said on August 27.
Ministers from 15 Asia-Pacific countries negotiating the Regional Comprehensive Economic Partnership (RCEP) agreement on August 27 said they have made "significant progress" toward the signing of the deal by the end of the year, while whether India will stay on as a member of the framework remains uncertain.
Economic ministers from ASEAN member countries held a meeting with representatives from China’s Ministry of Commerce on August 27.
The ASEAN Economic Ministers (AEM) and the US Trade Representative (USTR) Consultations took place virtually on August 27 as part of the 52nd meeting of the ASEAN Economic Ministers (AEM-52).