ASEAN ministers say updating current trade deals will complement RCEP talks ASEAN ministers discussed ways to build up economic links so that businesses can survive turmoil. © Reuters SINGAPORE — The countries of Southeast Asia affirmed their support for free trade on Saturday as uncertainties in the global trade environment threaten to hurt exports, which they see.. read more →
Minimum wage rates across ASEAN are rising gradually to match the region’s increased cost of living and boost domestic demand. Several ASEAN nations – popular among foreign investors for their cheap labor – are facing pressures due to poverty and low economic growth. To combat inflation and prevent any outbreaks of labor unrest, such countries.. read more →
The ASEAN region, made up of Brunei Darussalam, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand and Viet Nam, boasted a combined GDP of roughly $2.77 trillion as of 2017, with predictions for enviable GDP growth rates of around 5.3% per year through 2019. Here are seven challenges the bloc faces in promoting.. read more →
The newly signed agreements will bring greater market access for services providers, as well as reduce administrative hassle and costs for businesses. SINGAPORE: Economic ministers from the Association of Southeast Asian Nations (ASEAN) on Wednesday (Aug 29) inked two agreements aimed at deepening the integration of the services sector and improving trade facilitation within the.. read more →
Progress on the agreement continues to be slow despite the growing urgency to complete it. Over the past few years, we have seen increased levels of interest among some Southeast Asian states in pursuing trade agreements, be it bilateral deals inked between them and outside actors or wider multilateral ones such as the Trans-Pacific Partnership.. read more →
