The economic cabinet of Thailand remains optimistic that the country’s economic growth will exceed 3 percent this year despite the sluggish global outlook.
South Korea's trade ministry said Friday it plans to clinch new free trade agreements (FTAs) this year, including those with three Southeast Asian countries, in the near future to boost its exports to cope with the growing protectionism around the globe.
Senior officials of 16 countries, including India, China and Australia, which are negotiating mega free trade agreement RCEP will meet in Indonesia next week to iron out differences in areas such as goods and services, an official said.
Harnessing Asia's collective expertise and collaborations between private players, governments and multilateral banks would allow the region to overcome development hurdles and meet its significant infrastructure needs.
The ASEAN-Hong Kong (China) Free Trade Agreement (AHKFTA) came into effect on June 11 for Singapore, Thailand, Vietnam, Laos, and Myanmar, creating a driving force for trade and investment between ASEAN nations and Hong Kong (China). The remaining ASEAN member states will complete the ratification process later this year.
In 2015, ASEAN and China signed an upgraded protocol to improve the original Framework Agreement for the ASEAN–China Free Trade Area (ACFTA). The upgraded protocol entered into force in July 2016 and implementation will start from August 2019.
Two-way trade between Cambodia and Thailand rose steadily during the first half of the year, according to a report from the Thai Business Council of Cambodia (TBCC).
The European Union says it has imposed tariffs on imports of subsidised biodiesel from Indonesia to level the playing field with European producers. It now faces retaliation by the Indonesian government on EU farming exports.
<p>Time: November 2025<br /> By: WTO and International Trade Group, Legal Department – VCCI</p>
