The 33rd summit of the Association of Southeast Asian Nations (ASEAN), being held here on Nov. 11-15, is expected to charter a new course for further regional integration and ASEAN's cooperation mechanisms with external partners.
Economic ministers from the Association of Southeast Asian Nations (ASEAN) on Monday (Nov 12) signed an agreement to facilitate cross-border e-commerce transactions within the region.
Several Asian member countries of the proposed Regional Comprehensive Economic Partnership (RCEP) have offered India a significant concession on the extent to which it needs to open up its markets, in a bid to encourage it to join the partnership quickly, according to a diplomat from Singapore.
An escalating trade war between the US and China is causing companies caught in the crossfire to accelerate plans to shift portions of their supply chains out of the mainland, with Southeast Asia slated to benefit from the disruption of trade flows, according to a Citigroup official.
Singapore and China have concluded talks to upgrade the China-Singapore Free Trade Agreement (CSFTA), Singapore’s Ministry of Trade and Industry (MTI) said in a statement on Monday (Nov 5).
The Asean economic integration can only be realised through concerted efforts by the Asean member states (AMS).
Asean is one of the most bullish regions for trade and commercial activity, despite having the highest proportion of corporates which expect protectionism to rise, said HSBC Bank Malaysia Bhd.
An overhaul of global trade is urgently needed, 13 trade ministers representing all regions of the world said Thursday, following two days of talks in Ottawa aimed at setting objectives to reform the troubled system.