Trade war

Preventing A New Cold War

Western societies are currently gripped by the ominous idea that we are entering a new cold war, this time between the United States (US) and China. This narrative started coming to the fore as a result of the Sino-American trade dispute, and now the COVID-19 crisis has given it the final nudge to centre stage.

19 June 2020
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Non-Aligned Movement: New Role Amid A Pandemic?

The threat of COVID-19 has not prevented the international community from communicating and cooperating with one another through the “new normal” mode of interaction – video conferencing. Many organisations have resorted to this type of communication in order to maintain contact with its members. This includes the Non-Aligned Movement (NAM) which held an online summit on 4 May, 2020. The NAM was established in 1961 in Belgrade during the post-World War II period.

8 June 2020
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The Trade Cure For The Global Economy

The COVID-19 pandemic has sent the world into perilous, uncharted territory from which no country will emerge unscathed. Over half of the global population is under some form of lockdown. All economies, rich and poor, are falling into recession and can limit the fallout only by working together.China – the pandemic’s first epicentre – offers insight into the need to work together.

23 April 2020
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Japan switching manufacturing to ASEAN

Japanese Prime Minister Shinzo Abe recently declared a state of emergency for the coronavirus pandemic and unveiled a massive stimulus package to help the economy overcome the crisis.The rescue package, which at JPY108 trillion (US$992 billion) or about 2.7 times Malaysia’s gross domestic product (GDP) is the biggest in Japan’s history.

19 April 2020
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Will COVID-19 trigger a global recession?

At the start of this year, things seemed to be looking up for the global economy. True, growth had slowed a bit in 2019: from 2.9 percent to 2.3 percent in the United States (US), and from 3.6 percent to 2.9 percent globally.

29 February 2020
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Labour rights abuse on the rise

Labour rights violations in ASEAN are among the negative effects of an increase in production due to the United States (US)-China trade war which has resulted in a shift of some production from China to this part of the world. While the region is embarking on the Fourth Industrial Revolution, numerous industries in ASEAN still rely on labour-intensive factories.

17 January 2020
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ASEAN growth slower than forecasted

While growth in Southeast Asia remains robust, data from the first half of 2019 indicates it has been slower than forecasted. The most recent Asian Development Bank (ADB) data suggests that Southeast Asia has grown less than anticipated, resulting in slight downward revisions to growth forecasts which now stand at 4.8 percent (2019) and 4.9 percent (2020), down from 4.9 percent and 5.0 percent, respectively.

30 December 2019
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Hanoi to curb fake "Made in Vietnam" goods

Vietnam is struggling to curb fraud in exports destined for America, custom officials said Thursday, as manufacturers seek to dodge punishing tariffs due to the US-China trade spat by illegally using "Made in Vietnam" labels.Exporters have started shifting production from China to Vietnam to avoid steep tariffs imposed by US President Donald Trump on hundreds of billions of dollars worth of Chinese goods.The move has also prompted concerns on a rise in manufacturers illegally claimi

18 November 2019
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Should ASEAN join the Blue Dot Network?

The unveiling of the United States’ (US) Blue Dot Network raises several questions about the country’s commitment to ASEAN after signs of fading interest in the region.Seen as a counterbalance to China’s extensive Belt and Road Initiative (BRI), the Blue Dot Network aims to promote sustainable infrastructure development in the Indo-Pacific region and beyond.

16 November 2019
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ASEAN leaders hope for trade deal

Southeast Asian leaders met for a second day in Thailand on Sunday, hoping for a breakthrough in talks over the world's largest trade deal to help throw off the torpor which has gripped the global economy since the United States (US)-China tariff war began.The 10-member Association of Southeast Asian Nations (ASEAN) opened its annual summit in Bangkok on Saturday hoping to secure a China-backed free trade pact at the three-day event, which knits together half the world's population

4 November 2019
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Britain starts election battle over Brexit

Prime Minister Boris Johnson locked horns Wednesday with his rivals in a fiery launch to an unpredictable early general election aimed at breaking Britain's protracted Brexit deadlock.Johnson's sparring with the main opposition Labour Party leader Jeremy Corbyn came a day after MPs backed the premier's call for Britain's third election in four years.The December 12 poll was decided just a few hours after Brussels extended this week's Brexit deadline to give London mor

31 October 2019
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