With preferential tariffs provided under the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), Việt Nam has the opportunity to increase exports of garments, footwear, timber products, and beverages to other member countries.
Rising US–China tensions go beyond trade and involve a broad range of issues including strategy, security and values. It’s pertinent to also look at the choices that ASEAN and others are facing in the context of this great power contest, including decisions on economic development and technology.
Việt Nam News talks to Phạm Hồng Quất, head of the National Agency for Technology Entrepreneurship and Commercialisation Development under the Ministry of Science and Technology, about Techfest 2019 and the Vietnamese innovative start-up eco-system.
Cambodia and the Republic of Korea (RoK) have signed a double taxation avoidance pact to boost bilateral economic cooperation.
Japan has promised 3 billion USD in investment and loans to the Association of Southeast Asian Nations (ASEAN) to boost development in the region, Japanese Foreign Minister Toshimitsu Motegi was quoted by Kyodo News as saying.
In an interview on November 29, Japan's Deputy Minister for Economy, Trade and Industry Hideki Makihara indicated that Japan may refrain from signing an India-less Regional Comprehensive Economic Partnership (RCEP). This ostensibly shocking statement in fact surprised few who are familiar with the history of RCEP and that of East Asian regionalism more generally – Japan has consistently been wary of China-led integration endeavors.
Trade is the life-blood of the world economy. We all know that. The share of global trade grew from around 10% of global GDP to close to 60% by the 2010s. And, those countries which grew their share of the global trade benefited from the huge multiplier effect on their economy. Given this context, India’s decision to withdraw from RCEP, designed to be the world’s largest trading bloc, was a landmark decision, notwithstanding official comments that we will rejoin if our concerns are addressed.
Deputy secretary-general to the prime minister for political affairs Kobsak Pootrakool said that the two countries—through the Hong Kong-Thailand High-Level Joint Committee (HLJC)—have signed a memorandum of understanding (MOU) for the study on the potential FTA.
<p>Time: November 2025<br /> By: WTO and International Trade Group, Legal Department – VCCI</p>
