Asean and Chinese leaders will ink two agreements facilitating trade growth between the two sides under the Asean-China Free-Trade Agree-ment (FTA) at their bilateral summit this month.
The two sides’ leaders are scheduled to meet on November 18 in Cambodia during a summit of the Asean leaders plus those of six partner countries.
Commerce Ministry Inspector-General Boonyarit Kalayanamit said that trade and investment between Asean and China should grow following the recent agreement of both sides to eliminate technical trade barriers.
The first agreement to be signed by Asean and China would eliminate technical trade barriers and sanitary and phytosanitary (animal and plant health) standards. The second would support free trade by giving officials more flexibility in drawing up rules to facilitate business growth between Asean and China.
The Latest on Covid-19 in Southeast Asia
Thailand has largely avoided widespread community transmission of Covid-19, but the kingdom is not faring well on the economic front, with a projected contraction of 7.1 percent this year.
China’s debt-trap diplomacy: Laos’ credit rating downgraded to CCC
Laos’ debt challenge is deeply concerning, with some media commentators suggesting the country is falling into a debt trap as a result of Chinese infrastructure investments connected to the Belt and Road Initiative (BRI)
Foreign capital still heads to Vietnam
As many as 798 projects added a combined over 5.11 billion USD to their investment capital, down 23 percent year-on-year in project number but up 6.8 percent in value.
How Asia Pacific can turn COVID crisis into an opportunity
Bold policies needed to boost economic recovery and improve social stability
Asia’s supply chains to be tested by COVID-19 vaccine delivery
The global logistics company DHL estimates that global vaccine coverage will take around 200,000 pallet shipments and 15 million deliveries...
Covid-19: the Latest on Southeast Asia
As 2021 dawns, the coronavirus pandemic continues to develop in Southeast Asia. Many countries are preparing to receive their first...
Thailand’s slow economic recovery
The speed of economic recovery in Thailand has been slower than neighbouring countries such as Malaysia, Vietnam and China, especially...
Thailand strengthens COVID-19 control measures
Apart from the capital city, many provinces have also enforced tougher measures to contain COVID-19, with inter-provincial travels now being...
Thai Exports to grow 4% in 2021
Contributing factors include the recovering world economy and the International Monetary Fund’s (IMF) estimate that the world economy will expand...