The National Rice Policy Committee, chaired by Prime Minister Prayut Chan-o-cha, has approved a rice price guarantee scheme for the 2020-2021 crop, offering guaranteed prices at the same rates as during the previous season.
The world’s second-largest economy expanded 3.2 per cent, which analysts say is a sign of hope for Southeast Asian nations relying on it for growth.
The Regional Comprehensive Economic Partnership (RCEP) trade pact, once realized, will create the world's biggest free trade zone and serve as a new booster for regional development, Cambodian officials and experts have said.
The Covid-19 outbreak has brought the value of Thai franchise businesses worth Bt300 billion down by Bt90 billion or 30 per cent, the Department of Business Development (DBD) said.
Indonesia's economy will start to open and recover from the COVID-19 crisis in August this year, the World Bank's Country Director for Indonesia, Satu Kahkonen, stated on Thursday.
Predictions of recessions in countries affected by COVID-19 no longer surprise anyone, but the outlook may be getting even worse for commodity-exporting countries. The World Bank forecasts that the economies of commodity-exporting developing countries will shrink by 4.8 per cent, a much sharper decline than other developing countries. This is important for Indonesia, where natural resources — especially oil, gas, coal and palm oil — have an outsized role in the economy.
Agricultural export value to the Thailand market surged around 233 percent to US$68 million in the first five months of this year, according to the Agro Processing and Market Development Authority (Agrotrade) under the Ministry of Agriculture and Rural Development.
The import turnover of Vietnamese steel products to the Philippines accounts for a small proportion of overall revenue and therefore the products should be excluded from the safeguard measures imposed by the island state, according to the Trade Remedies Authority of Vietnam.
<p>Time: November 2025<br /> By: WTO and International Trade Group, Legal Department – VCCI</p>
