The Association of Southeast Asian Nations (ASEAN) and China, as strategic partners, maintain a long-standing economic relationship marked by strong integration in trade and investment, said Lao Minister of Industry and Commerce Malaithong Kommasith at the 23rd ASEAN Economic Ministers - China Ministry of Commerce Consultation (AEM-MOFCOM) on September 22 in Vientiane, Laos.
At the 23rd ASEAN Economic Ministers - China Ministry of Commerce Consultation (AEM-MOFCOM) on September 22 in Vientiane, Laos. (Photo: VNA)
Vientiane (VNA) – The Association of Southeast Asian Nations (ASEAN) and China, as strategic partners, maintain a long-standing economic relationship marked by strong integration in trade and investment, said Lao Minister of Industry and Commerce Malaithong Kommasith at the 23rd ASEAN Economic Ministers - China Ministry of Commerce Consultation (AEM-MOFCOM) on September 22 in Vientiane, Laos.
In 2023, the bilateral trade reached an impressive 702 billion USD, accounting for 19.7% of ASEAN’s total trade value and solidifying China’s position as the bloc’s number one trading partner. Chinese direct investment in ASEAN member states amounted to approximately 17.3 billion USD, representing 7.5% of ASEAN’s total FDI and ranking China as the third-largest investor of the bloc.
Also last year, ASEAN and China discussed various cooperation issues and reaffirmed their commitment to fully and effectively implement the obligations and provisions of the ASEAN-China Free Trade Agreement (ACFTA).
The completion of negotiations and the implementation of the ACFTA 3.0 Upgrade are expected to further enhance trade and investment integration between the sides.
ꦐ The September 22 meeting focused on reviewing the progress of negotiations for the upgrade and the two sides’ cooperation, particularly in economy, trade, e-commerce, and preparations for the ASEAN-China Summit in October 2024./.
ASEAN countries and China have been promoting cooperation on durian, especially in the field of innovation in breeding technology, planting, farming techniques, processing, and ensuring a sustainable production chain.
Secretary-General of the Association of Southeast Asian Nations (ASEAN) Kao Kim Hourn has suggested measures to enhance ASEAN-China comprehensive strategic partnership to create greater benefits to the people of bloc member countries and China.
China is ready to work together with the Association of Southeast Asian Nations (ASEAN) to conclude negotiations for version 3.0 of the ASEAN-China Free Trade Area (ACFTA), Chinese Vice Minister of Commerce Wang Shouwen has said.
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.
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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.
Efforts to empower women must transcend dialogue and translate into concrete commitments, including corporate pledges and government partnerships, according to the spouse of Malaysian Prime Minister Anwar Ibrahim.
