Connect with us

Asean

Ministers reaffirm commitment to conclude RCEP this year

Once concluded, RCEP would create a market of over 3.5 billion people accounting for about 30% of global trade. Its next negotiating round will be held in Da Nang, Viet Nam on 19-28 September.

Avatar

Published

on

ASEAN, Pacific Alliance reaffirm commitment to enhance relations

BANGKOK, 11 September 2019 – Economic ministers from countries participating in negotiations for the Regional Comprehensive Economic Partnership (RCEP) gathered in Bangkok on 8 September determined to conclude the world’s largest trading bloc by the end of the year.

RCEP includes all ASEAN economies, plus Australia, China, India, Japan, New Zealand and South Korea. After seven years, negotiations have reached a critical milestone as the ministers are resolved to address the outstanding issues and conclude the pact.

“Negotiators should exercise maximum flexibility to close the negotiations,” said Secretary-General of ASEAN Dato Lim Jock Hoi.

Given today’s developments, concluding RCEP negotiations this year would provide the much-needed stability and certainty to benefit regional supply chains as well as the global markets for trade and investment.  Dato Lim said that failure to do so will undermine the region’s trade and investment potential, putting market integration at risk.

Once concluded, RCEP would create a market of over 3.5 billion people accounting for about 30% of global trade. Its next negotiating round will be held in Da Nang, Viet Nam on 19-28 September.

Source link

Continue Reading
Advertisement Load WordPress Sites in as fast as 37ms!
Comments

Corporate

Employers should hire new workers based on their potential

Avatar

Published

on

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. 

(more…)

Continue Reading

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

Published

on

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.

(more…)

Continue Reading

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

Published

on

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.

(more…)

Continue Reading

Most Read

Upcoming Events

Wed 27

The Future Energy Show Thailand

November 27 @ 10:00 am - November 28 @ 5:30 pm BMT
Dec 02

Top Food science conference 2019

December 2 @ 9:00 am - December 3 @ 5:00 pm BMT
Dec 05
Dec 05

The Healthcare+ Expo Taiwan

December 5 @ 9:00 am - December 8 @ 5:30 pm BMT

Press Release

Subscribe via Email

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

Join 11,797 other subscribers

Trending