The Regional Comprehensive Economic Partnership (RCEP) Industry Cooperation Committee lauded National Chamber of Commerce and Industry Brunei Darussalam (NCCIBD) Deputy Secretary General Haji Abdul Halim bin Saim’s for supporting the committee’s work.
This was highlighted at the recent first RCEP Industry Cooperation Committee Meeting held both online and offline.
The consensus reached at the meeting suggested that the business communities of RCEP countries should actively promote and participate in the construction of RCEP to jointly help realise the expected objectives of RCEP construction.
The RCEP Industry Cooperation Committee – comprising representatives of business communities from member states – was established in April 2021 to enhance the development of industry cooperation among the member states of the RCEP.
It was hoped Haji Abdul Halim will play an active role in promoting regional trade and investment cooperation under RCEP.
Over 100 business representatives attended the meeting chaired by China-ASEAN Business Council Executive Secretary General and RCEP Industry Cooperation Committee Secretary General Liu Xin.
China has been ASEAN’s largest trading partner for 12 consecutive years, since 2009. Before 2019, ASEAN had been China’s third largest trading partner for nine consecutive years. In 2019, ASEAN became China’s second largest trading partner. In 2020, ASEAN became China’s largest trading partner. It has made two major strides in the past two years. In 2020, China’s direct investment in ASEAN’s entire industry increased significantly by 52 per cent. At the same time, ASEAN’s actual investment in China also increased.
From January to April this year, China-ASEAN trade increased by 37 per cent year-on-year, and ASEAN continues to be China’s largest trading partner.
Source: Borneo Bulletin
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<p>Time: November 2025<br /> By: WTO and International Trade Group, Legal Department – VCCI</p>
