Economy and commerce
Trade
‘US-China trade war to slow Asean’s economic progress’
The Association of Southeast Asian Nations will not take the brewing trade conflict between the United States and China sitting down, as the regional bloc will urge the two economies to shun protectionism in favor of free trade at its 32nd summit this week. Leaders ...
Elijah Felice Rosales
RCEP talks: Members to meet in Singapore by month-end for next round
Chief negotiators of India, China and 14 other countries will meet by the end of this month in Singapore for the next round of discussions on the proposed mega free trade deal RCEP. “The meeting will start by the end of this month. This will ...
Business Standard Reporter
China pressured to beef up response to US tariffs
China’s leaders have come under internal pressure to beef up their response to US trade sanctions, as Beijing struggles to prevent the outbreak of a trade war. On Friday China revealed a carefully calibrated response to US steel and aluminium tariffs aimed at demonstrating that ...
Charles Clover/Sherry Fei Ju
Thailand aims to boost trade with neighbors by 15% in 2018
Thailand aims to increase trade with countries on its borders by 15% this year, to a record high of 1.5 trillion baht ($50 billion). The government is backing the drive to offset an expected slowdown in overall export growth due to appreciation of the baht ...
APORNRATH PHOONPHONGPHIPHAT
ASEAN, Australia reject protectionism amid fears of Trump trade war
The Association of Southeast Asian Nations (ASEAN) and Australia reject protectionism, Australian Prime Minister Malcolm Turnbull and his Singapore counterpart said on Friday, amid fears about a possible trade war sparked by U.S. plans to raise tariffs on steel and aluminum imports. Keep reading ...
Colin Packham/Paulina Duran
Trade increases between Lancang-Mekong countries and Yunnan
Trade volume between southwest China’s Yunnan Province with five countries along the Lancang-Mekong River grew by 13.4 percent year-on-year to reach 81 billion yuan (about 12 billion U.S. dollars) in 2017, customs in the provincial capital Kunming said Thursday.Keep reading ...
Zhou Xin
"APEC VIETNAM 2017" – Fostering a shared future in a changing world
Vietnam President Trần Đại Quang wrote an article entitled “APEC Vietnam 2017 – Fostering a shared future in a changing world” just ahead of the APEC 2017 Economic Leaders’ Week, which is taking place in the central city of Đà Nẵng, Vietnam, from November 6-11 Keep ...
Tran Dai Quang
Cambodia clampdown threatens Chinese interests
[] US President Donald Trump’s government, after all, had pledged to deeply cut development aid to several developing countries, including Cambodia, even before recent political tensions mounted.But the US and EU remain Cambodia’s largest trading partners and possible economic sanctions on the Southeast Asian nation, which ...
David Hutt
China’s cooling economy is a warning for ASEAN
As China heads into its Party Congress next week, concerns have been surfacing over the past few months about the state of the world’s second-largest economy, which has implications not just for Beijing but also neighboring Southeast Asian states. The recent downgrading by Standard & Poor’s (S&P) ...
Luke Hunt
Dept open to ideas on new Customs law
Investors remain unconvinced that the new Customs law will facilitate faster clearance of goods even as the Customs Department chief promised to be open to feedback from the business community. [] Thailand has been promoting trade and investment in CLMVT (Cambodia, Laos, Myanmar, Vietnam, Thailand) for ...
Wichit Chaitrong