The Philippines is hoping to announce within the year the start of negotiations for a bilateral free trade agreement (FTA) with Chile, the Department of Trade and Industry (DTI) said.
Thailand and the Philippines have entered into a new Memorandum of Understanding (MOU) focused on enhancing trade competition regulation in the agricultural and food industries. This bilateral agreement underscores the commitment of both nations to create a fair and competitive trade and investment environment.
Cambodia's trade with the Regional Comprehensive Economic Partnership (RCEP) countries reached 16.9 billion U.S. dollars in the first half of 2024, up 14 percent from 14.8 billion dollars over the same period in 2023, said a Ministry of Commerce's report on Saturday.
The Association of Southeast Asian Nations stands at the center of a dynamic economic tapestry in Asia and Oceania. Flanked by the industrial powerhouses of China, Japan and the Republic of Korea, ASEAN has been playing a pivotal role in fostering regional economic integration. The three countries and ASEAN, with the help of the Regional Comprehensive Economic Partnership agreement, are facilitating the economic development of Southeast Asia through trade, investment, technological innovation, and supply chain integration.
The U.S.-ASEAN Business Council (USABC) supports the designation of Vietnam as a market economy, in comments sent to the U.S. Department of Commerce.
The Association of Southeast Asian Nations (ASEAN) recently dropped another hint that they might try to strike a trade pact with the Gulf Cooperation Council (GCC) as the former tries to boost its trade with partners outside the region.
Cambodia's trade with its fellow Asean member states hit US$7.96 billion during the first half of 2024, up 11.6 per cent from US$7.13 billion over the same period 2023, said a report from the Ministry of Commerce has announced.
Malaysia is set to expand its role in global natural gas trading as national oil and gas company Petroliam Nasional Bhd, or Petronas, expands its investments abroad.
<p>Time: 2024 By: Ministry of Industry and Trade</p>
