Connect with us
The clever new way to send money abroad

Asean

Private sector urges ASEAN to standardize regulations

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

Published

on

ASEAN-Hong Kong, China Free Trade Agreement enters into force

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.

Private sector urges ASEAN to standardize regulations

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.

Source link

Click to comment

Leave a Reply

Asean

The ASEAN-India Trade in Goods Agreement

Published

on

The ASEAN-India Trade in Goods Agreement

The ASEAN-India Trade in Goods Agreement (the “Agreement”) is a trade deal between the ten member states of ASEAN and India.

(more…)
Continue Reading

Tourism

Can border reopening revive tourism in South-East Asia?

In Thailand, where pre-pandemic tourism accounted for 11-12% of GDP, the country lost an estimated $50bn last year as Covid-19 restrictions led to an 82% fall in arrival numbers.

Published

on

Ko Samed deserted pier

After 18 months of travel restrictions, a number of countries in South-east Asia have begun opening their borders to foreign visitors to stoke recovery in their respective tourism industries.

(more…)
Continue Reading

Most Read

Recent