Food supply chain disruptions caused by Covid-19 may lead to increased food security challenges in ASEAN.
Despite the weakening baht, the Thai National Shippers’ Council (TNSC) expects export value of the country to contract by at least 8 percent in 2020, with a possibility of double digit contraction looming.
Thailand’s new economic package to mitigate the impact of the COVID-19 pandemic will be worth about 10 percent of its gross domestic product (GDP), Deputy Prime Minister Somkid Jatusripitak has said.
Singapore on Monday announced another 5.1 billion Singapore dollars ($3.6 billion) in stimulus to soften the economic damage from the ongoing coronavirus outbreak.
Vietnam has reaffirmed its commitment to continuously supply the Philippines’ rice requirement amid concerns over food security due to the COVID-19 situation, the Department of Agriculture said.
Free trade agreement (FTA) generates both winners and losers, and the formation of the Regional Comprehensive Economic Partnership (RCEP) is no exception. This column argues that tariff reduction under RCEP is likely to reduce ASEAN’s exports as it will erode trade preferences of ASEAN granted by existing FTA partners.
WITH the Covid-19 outbreak, South-east Asia's gross domestic product growth is expected to slow sharply to just 1 per cent in 2020, before rebounding to 4.7 per cent in 2021, according to an Asian Development Bank report on April 3. This is down from 2019's full-year growth rate of 4.4 per cent.
Thailand has issued a variety of tax relief measures covering tax deductions, VAT refunds, and tax filing extensions to counter the economic impact of the COVID-19 outbreak.
<p>Time: November 2025<br /> By: WTO and International Trade Group, Legal Department – VCCI</p>
