Relations between the Association of Southeast Asian Nations (ASEAN) and Japan are of great significance, and they have become close and important partners of each other, according to Vietnamese Deputy Foreign Minister Nguyen Quoc Dung.
The European Union has agreed to allow Thailand to negotiate its export quota for 31 products following a request lodged by Thai trade representatives in December 2018.
The Finance Ministry of Thailand will propose extra fiscal measures to boost the domestic economy that has been adversely affected by falling exports.
Singapore needs to stay united and focused to tackle the challenges arising from global uncertainties, said Deputy Prime Minister Heng Swee Keat on Friday (May 31).
Asean, including Malaysia, is benefitting from investment and trade diversions as US-China trade tensions escalate, according to economists.
Vietnam has grown so much after the World War and has proven to be resilient through multiple threats to its economy. Analysts noted that the country's multiple networks of free trade agreements (FTAs) will help in pushing the economy towards overtaking Singapore in 10 years or so.
South Korea and the Philippines are working on a free trade agreement (FTA). The two countries established their diplomatic relations 70 years ago.
Small states like Singapore can do little to influence the big powers, but they are not entirely without agency, said Prime Minister Lee Hsien Loong on Friday (May 31).
<p>Time: November 2025<br /> By: WTO and International Trade Group, Legal Department – VCCI</p>
