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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

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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.

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Corporate

Employers should hire new workers based on their potential

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A Thailand representative office is essentially a branch of a foreign corporation

58 percent of employers have hired employees based on their potential, and 94 percent of them said their potential-based hires had become a valuable part of their teams. 

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Asean

ASEAN bucks record 155 billion USD FDI in 2018

The flow of foreign direct investment (FDI) into the 10 ASEAN countries has gone up for the third consecutive year, breaking a record 155 billion USD set in 2018.

Olivier Languepin

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Last year inflows to the ten-member Association of South East Asian Nations (ASEAN) were up 11.5%, from US$147 billion in 2017 to $155 billion in 2018, according to new UNCTAD research.

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Asean

Thailand to renegotiate GSP with US delegation at ASEAN Summit

The United States recently announced the cancellation of Generalized System of Preferences benefits, which used to allow 573 items exported from Thailand to the US to be exempt of import duties.

National News Bureau of Thailand

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Apart from resolutions to be made by ASEAN leaders at the ASEAN Summit in November, the Thai government will seek this opportunity to hold a talk with the U.S. regarding the decision to revoke the Generalized System of Preferences (GSP) treatment previously given to 573 Thai products.

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