ASEAN was the fifth-largest economy in the world with a gross domestic product (GDP) of around US$3 trillion last year, according to the latest ASEAN report, a significant increase from the seventh place it had five years ago.
Myanmar’s economy grows between six and seven per cent annually, Myanmar is also amongst ASEAN’s fastest-growing economies, said State Counsellor Daw Aung San Suu Kyi.
THAILAND is the top performer in South-east Asia with the largest total funds raised through initial public offerings (IPOs) in 2019, accounting for 39 per cent. Singapore contributed 33 per cent to the total funds raised, followed by Indonesia.
The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) - which both Mexico and Singapore are part of - signals to companies that their governments encourage and support their ventures into each other’s countries, said Singapore Prime Minister Lee Hsien Loong on Wednesday (Nov 20).
India’s exit from the Regional Comprehensive Economic Partnership (RCEP) at the last moment of the negotiations has created another hurdle to regional economic cooperation in the Asia Pacific.
Governments across ASEAN have been unveiling an array of incentive packages to entice businesses affected by the US-China trade war.
Beginning next year, there will be no limits on the amounts of sugar imports into Việt Nam from ASEAN countries.
The over-internationalisation of the domestic affairs of ASEAN member states (AMS) and judgmental statements from the European Union (EU) on ASEAN affairs are ruining ASEAN’s reputation and undermining ASEAN centrality and integrity unless ASEAN itself is accepting to be a second-class community.
<p>Time: November 2025<br /> By: WTO and International Trade Group, Legal Department – VCCI</p>
