On December 20, 2016, Japan announced the Overview of Entire Revision to the Quality Labeling Rules for Textile Goods such as trousers, pants, hats, muffler, scarf, shawl and blankets. Under the Agreement on Technical Barriers to Trade (TBT), the all members of the WTO, including Vietnam, can make comments on this revision when identifying the possibility of unnecessary trade’s obstacles.
According to Secretary-General of Malaysia’s Ministry of International Trade and Industry Rebecca Fatima Sta Maria, adopted by the ASEAN leaders in 2007, the AEC Blueprint highlights about 600 initiatives, including measures to create a single market and production base and a highly competitive economic region with equal economic development and deeper integration into the global economy.
Conceived as a single market and production base, the AEC is part of broader efforts to integrate ASEAN economies. But one year on from its inception, about 74 per cent of Singapore companies polled in a recent Singapore Business Federation (SBF) survey said they do not think the AEC has benefited them.
In 2015, the ASEAN Economic Community (AEC) was officially fully established. In some ways similar to the economic unity of the EU, the broad aims of the AEC are to develop (1) a single market and production base, (2) a region of more equitable economic development, and (3) a globally integrated economic region. To achieve these, trade barriers will be removed or reduced and standards across a number of sectors (i.e. cosmetics, pharmaceuticals, agricultural products, and medical devices) will be harmonized.
Vietnamese businesses are aware of the regional ASEAN Economic Community (AEC) single-market initiative, but few understand its commitments, according to a survey.
The ASEAN Economic Community (AEC) portal was launched at a workshop in Hanoi on December 28, serving as an essential tool for businesses to improve their knowledge about the AEC and optimise its opportunities.
VOV.VN - Vietnam-Russia commercial trade remains relatively insignificant, said Hoang Quang Phong, vice chair of the Vietnam Chamber of Commerce and Industry at a recent business forum in Hanoi.
The country needs to boost labor productivity to maintain its rapid economic growth.
<p>Time: November 2025<br /> By: WTO and International Trade Group, Legal Department – VCCI</p>
