An Indian minister has called for a review of the country's decade-old free trade deal with Asean, arguing that it would help in achieving bigger trade volumes.
The government is reviewing the continuation of the free trade agreement (FTA) with ASEAN in the wake of the trading bloc’s reluctance to address India’s concerns over what it believes are asymmetries in the trade pact during the last ten years. According to Times of India, the country’s main grouse is the rising trade deficit with the 10–country bloc.
With Vietnam seeing total import-export turnover with ASEAN in 2019 reach US$57.3 billion, representing a year- on- year rise of 1.1%, the group has developed into the country’s fourth largest export region, only behind the United States, the EU, and China.
The Ministry of Finance (MoF) of Malaysia has launched a credit programme worth 750 million RM (179 million USD), aiming at boosting consumer spending in the country as one of initiatives under the Economic Recovery Plan (PENJANA).
Indonesia has raised Rp 22 trillion (US$1.51 billion) from government bonds issuances as of Tuesday as it moves to fund the fiscal deficit and the country’s COVID-19 response.
US online magazine Foreign Policy has published an article looking into Vietnam’s leadership progress in ASEAN.
Cambodia and South Korea will begin first-round negotiations on a bilateral free trade agreement (FTA) on Thursday, another step toward diversifying the Kingdom’s exports following the recent completion of FTA talks with China.
The Japanese government is encouraging firms to relocate manufacturing from China to Southeast Asia. As Tokyo reacts to Beijing’s handling of the coronavirus and aggression in the South China Sea, it might foster stronger relations with ASEAN.
<p>Time: November 2025<br /> By: WTO and International Trade Group, Legal Department – VCCI</p>
