BANGKOK, 23 June 2019 (NNT) – Representatives from the private sector in the Association of Southeast Asian Nations (ASEAN) and the European Union (EU) held a business dialogue and resolved that ASEAN should adjust certain rules and regulations to be in line with international standards to facilitate trade in the region.
The EU-ASEAN Business Dialogue was held at the 34th ASEAN Summit in Bangkok. Attendees discussed non-tariff barriers to trade, such as rules, regulations and other mechanisms being implemented in the bloc.
Delegates from ASEAN and the EU agreed that some ASEAN member states are using different sets of rules and regulations.
The meeting resolved that ASEAN should standardize them to facilitate trade in the region.
ASEAN has placed great importance on addressing this issue, as the elimination of non-tariff barriers to trade is one of the agenda of the ASEAN Blueprint 2025.
This shows that ASEAN has been taking steps to remove non-tariff barriers to trade and narrow the development gap between its member states.
Global fashion e-tailer Shein launches new hub in Singapore
How Businesses in Singapore can Reduce Overhead Costs During the Pandemic
The government is expected to draw on S$53.7 billion (US$40 billion) from its reserves for this year and an additional S24 billion (US$17.8 billion) over the next three years to assist local companies transition into a post-pandemic business environment.
Subscribe via Email
Thai baht becoming the region’s worst-hit currency in COVID pandemic
According to data from its tourism ministry as well as the World Bank, Thailand had only a little over 34,000...
Asia’s slow rate of vaccination is a thorn in the region’s economic recovery
Southeast Asia has been hit badly. Daily infections for Indonesia, Thailand, Vietnam are at their worst, on a seven-day moving...
TAT expects 850 billion baht ($25.7 bln) in tourism revenue after successful reopening
The Tourism Authority of Thailand (TAT) has set this year’s revenue target at 850 billion baht, 300 billion of which...
Download 1xBet mobile and play all over the world
Placing profitable bets or playing in a casino is now possible comfortably even without being tied to a computer. It...
3 ways Asia can recover from the COVID-19 pandemic faster
Countries in the East Asia and Pacific region will benefit from cooperation in three major areas: vaccine deployment, reviving sectors...