Connect with us

Asean

ASEAN takes on new issues in trade

The dialogue underscored the importance of labour and environmental considerations in relation to trade and the potential contribution of trade to their objectives

Asean News

Published

on

ASEAN takes on new issues in trade

JAKARTA – The ASEAN Secretariat organised a two-day High-Level Policy Dialogue on Labour and Environment in Free Trade Agreements (FTAs) on August 15-16 to discuss the linkages between trade, environment and labour.

In his opening remark, Deputy Secretary-General of ASEAN for Socio-Cultural Community Kung Phoak highlighted that in recent years the world has witnessed the broadening of scope and coverage of FTAs beyond market access. He added that ‘there is a growing realisation of the need for ASEAN to be more proactive in looking into its concerns and positions on such issues.”

The dialogue underscored the importance of labour and environmental considerations in relation to trade and the potential contribution of trade to their objectives, while recognising the different priorities, levels of development, and regulatory readiness among economies. It also emphasised the fundamental principle that environment and labour related measures shall not serve as disguised restrictions to trade.

Supported by the USAID’s Inclusive Growth in ASEAN through Innovation, Trade, and E-Commerce Project and the ASEAN-USAID Partnership for Regional Optimisation within the Political-Security and Socio-Cultural Communities Project, the dialogue brought together Chairs, Leaders and representatives of Senior Economic Officials Meeting, ASEAN Senior Officials on Environment, and Senior Labour Officials Meeting, as well as Chairs or representatives of the ASEAN Intergovernmental Commission on Human Rights, ASEAN Committee on Women, and the Senior Officials Meeting on Health Development.

# # #

Source link

Comments

Asean

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.

Avatar

Published

on

Coronavirus Asia

As a region, Southeast Asia has fared relatively well in keeping coronavirus cases low, with the notable exceptions of the Philippines and Indonesia.

(more…)
Continue Reading

Laos

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)

Boris Sullivan

Published

on

On 23 September, the Fitch Ratings agency downgraded Laos’ credit rating to CCC — the second downgrade in 2020, having dropped to B- in May.

(more…)
Continue Reading

Vietnam

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.

Avatar

Published

on

Hanoi (VNA) – The total amount of foreign investment poured into Vietnam this year to September 20 reached 21.2 billion USD, equivalent to 81.8 percent of the same period last year, reported the Ministry of Planning and Investment.

(more…)
Continue Reading

Latest

Most Viewed

Subscribe via Email

Enter your email address to subscribe and receive notifications of new posts by email.

Join 13,608 other subscribers

Trending