Free Trade Agreement

Vietnam and EU sign free trade agreement

The European Union (EU) and Vietnam on Sunday signed a long-awaited free trade deal that will slash duties on almost all goods, an agreement that pushes back against a rising tide of global protectionism and hailed as a "milestone" by Brussels.

1 July 2019

ASEAN, Hong Kong FTA comes into effect

Trade between Hong Kong and ASEAN will be boosted with yesterday’s implementation of the ASEAN-Hong Kong Free Trade Agreement (AHKFTA), building on the already solid economic foundation both parties share and countering the escalating United States (US)-China trade war.Five years in the making, the AHKFTA kicked off on Tuesday with reductions and eliminations of customs duties in Lao PDR, Myanmar, Singapore, Thailand and Vietnam for Hong Kong imports.

12 June 2019

Canada wants more trade with ASEAN

Is an ASEAN-Canada Free Trade Agreement (FTA) on the cards?The idea which was first proposed in 2016, was one of many on the agenda during the 16th ASEAN-Canada Dialogue in Canada’s capital, Ottawa, last month.

6 April 2019

Vietnam expects boost in shrimp exports

Vietnam’s shrimp exports are expected to reach more than US$4 billion in value this year aided by free trade agreements.The Vietnam Association of Seafood Exporters and Producers (VASEP) last week said the country was unable to meet its 2018 export target of US$4.8 billion, hitting only US$3.5 billion – a 7.8 percent decrease from 2017.However, the implementation of the EU-Vietnam Free Trade Agreement (EVFTA) and other free-trade agreements later this year is expected to boost exports to 28 E

5 February 2019

Doubts remain as RCEP inches closer to conclusion

The signing of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) took place last week, but questions now loom over the status of the Regional Comprehensive Economic Partnership (RCEP). The RCEP recently progressed to yet another ministerial meeting on 3rd March, after which it was reported to be closer to finalisation.

10 March 2018

The time for deeper integration between ASEAN and EU is now

The European Union (EU) and ASEAN celebrated 40 years of diplomatic relations in 2017, with trade characterising the strongest dimension of their relationship thus far. As ASEAN chair, Singapore this year hosted the sixth ASEAN-EU Business Summit, which coincided with the 24th ASEAN Economic Ministers’ (AEM) Retreat in Singapore from 1-3 March, 2018. At the ASEAN-EU Business Summit, opening remarks were delivered by Donald Kanak, Chairman of the EU-ASEAN Business Council, H.E.

5 March 2018

How will the CPTPP pan out for ASEAN?

Despite the United States withdrawing from the TPP (Trans-Pacific Partnership Agreement), ASEAN countries will still largely benefit from the revamped version of the agreement. Now known as the ‘Comprehensive and Progressive Agreement for Trans-Pacific Partnership’ (CPTPP), the remaining 11 participating countries will include Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore and Vietnam.

26 January 2018

Economic integration, the ASEAN way

Regional integration will be one of the top priorities for Singapore as it assumes the chairmanship of the Association of Southeast Asian Nations (ASEAN) in 2018.Singapore's ASEAN 2018 chairmanship aspirationsThe term “integration” is often thrown around in ASEAN summits and meetings – peppered into speeches made by ASEAN leaders. However, “integration” itself, while easily used to demonstrate an aspiration for a greater regional cohesiveness, is not an easy feat to achieve.

28 November 2017

ASEAN, Japan stronger together

Japan has been increasing its involvement with the Association of Southeast Asian Nations (ASEAN) in recent times. During the recently concluded ASEAN-Japan Summit in Manila, Japanese Prime Minister Shinzo Abe vowed to strengthen cooperation with ASEAN in areas including maritime security, trade and disaster relief.History of ASEAN-Japan tiesJapan is one of ASEAN’s most important partner and relations between the two have improved drastically since the end of the Second World War.

21 November 2017

Trump lauds Asia trade wins and red carpets

Donald Trump on Monday lauded his trade achievements during a five-nation tour of Asia, promising he would reveal "far bigger" steps when he returned to Washington.The US president has frequently bemoaned what he calls "unfair" international trade deals and a perceived lack of respect for America and its leaders.But standing alongside the prime ministers of Japan and Australia in Manila on Monday, he said that was all changing."The way they've treated us, the res

13 November 2017

Trade ministers agree Asia-Pacific trade pact without US

Ministers from 11 Asia-Pacific countries agreed Saturday to press ahead with a major trade deal without the United States, as the world's largest economy seeks to go it alone under President Donald Trump's "America First" policy.Trump pulled his country from the Trans Pacific Partnership (TPP) at the start of the year, dismaying allies and casting into doubt an agreement heralded for tying lower tariffs to strong environmental and labour protections.He has been something o

11 November 2017