Cambodia and the Republic of Korea (RoK) agreed on July 9 to launch official negotiations for a bilateral free trade agreement (FTA), paving the way for the RoK, Asia's No. 4 economy, to make further inroads into the Southeast Asian market and boost exports.
Hanoi (VNA) ꦍ– Cambodia and the Republicof Korea (RoK) agreed on July 9 to launch official negotiations for a bilateralfree trade agreement (FTA), paving the way for the RoK, Asia's No. 4 economy,to make further inroads into the Southeast Asian market and boost exports.
According to Yonhap News Agency, theannouncement came more than a year after Cambodian Prime Minister Hun Senproposed making preparations for a free trade deal during his summit with RoKPresident Moon Jae-in in Phnom Penh in March 2019.
The two countries have carried out a jointfeasibility study over the first five months of this year.
RoK Trade Minister Yoo Myung-hee said in astatement that amid the spread of COVID-19, it has become more important forhis country to expand cooperation with Southeast Asian countries.
She noted the RoK is pleased to launch FTAnegotiations with Cambodia, which can potentially rise as the new hub ofproduction and trade in ASEAN, adding that the two countries will make effortsto come up with a meaningful result within this year.
The two sides are likely to hold their firstround of talks in July.
Their trade volume reached an all-time high of 1billion USD in 2019, up 6 percent from a year earlier. That included 697million USD of the RoK’s shipments, up 5.5 percent on-year, according to thedata compiled by the Korea International Trade Association.
The increase was significant as the NortheastAsian country’s annual exports fell more than 10 percent year-on-year in 2019amid the trade row between the US and China./.
The Republic of Korea said on June 11 that it has made further progress in fleshing out details for the planned free trade agreement (FTA) with Cambodia, as Seoul seeks to broaden economic ties with Southeast Asian nations and diversify its export portfolio.
Trade between Cambodia and Japan reached 778 million USD in the first four months of 2020, up 4 percent year on year, the AKP news agency reported, citing recent statistics from the Japan External Trade Organisation (JETRO).
Cambodia and Thailand have discussed the possibility to reopen international border gates to lift the economic deadlock caused by travel restriction measures to curb the COVID-19 spread.
The Office of the Council of Ministers of Cambodia has approved the draft law on control, use and management of the state assets during a closed-door Cabinet meeting chaired by Prime Minister Hun Sen, according to Khmer Times.
Cambodia has prepared four quarantine centres for Cambodians who return home and a further 10 hotels for foreign arrivals in Phnom Penh to service the increasing numbers of arrivals to the country, according to the Ministry of Health.
In his article, Oscar Sanchez Serra highlighted President Ho Chi Minh’s founding of the Thanh Nien (Young People) newspaper on June 21, 1925, which marked the birth of Vietnam's revolutionary press rooted in a bold and far-sighted vision.
Several ASEAN meetings are scheduled to take place in Port Dickson this September, including the Senior Officials' Meeting (SOM) for ASEAN Plus Three (APT), the East Asia Summit (EAS), the 15th ASEAN Maritime Forum, and the 13th Expanded ASEAN Maritime Forum.
Thailand's Prime Minister Paetongtarn Shinawatra has ordered the urgent implementation of a national policy to crack down on all forms of call centre scams, online fraud, and illegal gambling, which are now considered threats to national security.
Coordinating Minister for Economic Affairs Airlangga Hartarto and EAEU Trade Minister Andrey Slepnev jointly declared the conclusion of FTA talks on the sidelines of the 28th St. Petersburg International Economic Forum (SPIEF 2025), according to the statement.
The article stressed that throughout his revolutionary career, the founder of modern Vietnam consistently regarded the revolutionary press as a vital part of the Vietnamese Party’s and nation’s revolutionary struggle.
Pichai said the trade talks with the US are important and need to move forward professionally, without regard for any political changes in Thailand, believing that Thailand has clear principles, guidelines and procedures in place.
The tax adjustment supports the Malaysian Government’s strategy to reduce reliance on foreign food supply chains and to assist domestic farmers, a finance official has said.
The proposed venue is located in the Chatuchak area of Bangkok, featuring eight public sites, including Krungthep Aphiwat Central Terminal and several nearby parks.
Connectivity is expected to improve further with the completion of the fifth Laos–Thailand Friendship Bridge by the end of 2025, facilitating logistics and agricultural exports to Vietnam, Thailand, and China.
Two naval gunboats intercepted a fishing vessel carrying 1.5 tonnes of methamphetamine hydrochloride off the coast of the main island of Luzon just before dawn, in a joint operation with the Philippine Drug Enforcement Agency.
In the today context of socio-economic development and growth, the professionalism of Vietnam’s revolutionary journalists continues to rise, guided by exemplary mastery of new information technologies and the modernisation of their founding principles to preserve the enduring values of revolutionary journalism.
Thai Permanent Secretary of the Ministry of Commerce Vuttikrai Leewiraphan Thailand's formal proposal will be substantial enough for the US to consider further detailed negotiations. He hoped for a tariff rate not exceeding 10% and suggested that the US might extend the negotiation period if an agreement is not reached by the July 8 deadline.
Organised by the Ministry of Culture and the Association of Thai Silk & Culture Promotions, the event honors Her Majesty the Queen on her 47th birthday anniversary and promotes Thai craftsmanship on an international stage.
Prensa Latina's recent article on Vietnam’s assurance of smooth and effective transition to a leaner structure highlighted Prime Minister Pham Minh Chinh’s latest directions on implementing 28 resolutions regarding the decentralisation and delegation of authority.
The lab focuses on four key thematic areas: energy transition and green innovation, sustainable agriculture, circular economy and sustainable cities, and nature-based solutions and biodiversity.
The key content of the document titled "Accelerating Innovative Strategies: Addressing the OOSCY Challenges" will be refined further in a seminar preceding the 47th ASEAN Summit in Kuala Lumpur this October.
This follows Telegram’s serious failure to address the content that has been repeatedly reported to them, despite various efforts of negotiation and cooperation made by MCMC, it said.
