As the US and China are locked in a trade spat through mutual hiking of tariffs, Indonesia looks likely to be dragged into what may escalate into a global trade war.
KUALA LUMPUR: The ongoing trade war between US and China, two of the largest economies in the world, could wipe out about 0.2% to 0.3% of the Asean region's gross domestic product (GDP), says ASEAN+3 Macroeconomic Research Office (AMRO) chief economist Dr Khor Hoe Ee.
Investor says country highly promising even at nascent stage.
NEW DELHI, India - India is vigorously pushing for increased trade and tourism ties with the Philippines, as the country is turning to Southeast Asia to accelerate its economic development through its “Act East” policy.
JAKARTA, 17 July 2018 – ASEAN and Japan renewed their commitment to further advance partnership following the 12th Meeting of the ASEAN-Japan Joint Cooperation Committee (JCC) held at the ASEAN Secretariat.
The Free Trade Agreement (FTA) signed between Sri Lanka and Singapore to liberalise and facilitate trade and investments between the two countries was identified as the need of the hour and driving force to reach development targets, Strategic Development and International Trade Minister Malik Samarawickrama told Parliament yesterday, rejecting any downsides from the agreement which received Cabinet approval on 16 January 2018.
Leader of the Joint Opposition in Parliament, MP Dinesh Gunawardena, vehemently opposing the proposed Sri Lanka-Singapore Free Trade Agreement (SLSFTA), called on the Government to do away with the current agreement and draft a new FTA which would not damage local markets and industries.
Colombo: The investment promotion agency of Sri Lanka Board of Investment, (BOI) says Sri Lanka is gearing to reap the benefits of the Free Trade Agreement with Singapore, with four mega projects being discussed by the agency.