Commerce ministers of 16 countries including India and Japan which are negotiating the mega free trade agreement RCEP will hold a crucial meeting in Beijing next month to iron out differences and push the negotiations forward, an official said
Trade between China and the Association of Southeast Asian Nations (ASEAN) has great potential in growth to boost world economy, which faces challenges and uncertainties, said Wichai Kinchong Choi, senior vice president of Thailand's Kasikorn Bank.
Thailand hosted the 34th Asean Summit on June 23 under the theme of “Advancing Partnership for Sustainability”. As the Asean chair, it was anxious to ensure that member-states forge closer ties on the basis of regional unity.
The success of the Asean-China Free Trade Area in helping to boost business amid Beijing’s tariff dispute with the United States bodes well for the upcoming talks on the creation of a Regional Comprehensive Economic Partnership (RCEP), analysts say.
ASEAN became China’s second-largest trading partner in the first two quarters of 2019, overtaking the US for the first time since 1997.
Six ambassadors representing the Asean Committee in Stockholm (ACS) recently engaged Swedish Minister for Foreign Trade Ann Linde in a dialogue.
Thailand is looking to expand its exports by selling electrical and electronic products to Asean countries, especially Laos.
THE Singapore Business Federation (SBF) and Vietnam Chamber of Commerce and Industry (VCCI) have launched the Vietnam-Singapore Business Council (VSBC) to broaden their strategic cooperation.
<p>Time: November 2025<br /> By: WTO and International Trade Group, Legal Department – VCCI</p>
