Workers in a logistics park at the China-ASEAN free trade area. (Source:Xinhua)
Beijing (VNA) - ASEAN became China’s second-largest trading partner in the firsttwo quarters of 2019, overtaking the US for the first time since 1997.
According to China’s customsstatistics, trade turnover between ASEAN and China increased 10.5 percent to294 billion USD in the first half of 2019, accountingfor 13.5 percent of the Asian country’s total trade volume.
Meanwhile, China’s trade with the EU rose 11.2 percent to 339 billion USD,accounting for 12 percent of the country’s total trade volume. Since 2004, theEU has become the first largest trading partner of China.
During the same period, China’s trade with the US dropped 9 percent to 264billion USD, accounting for 12 percent of the country’s total trade volume.
In June alone, China’sexports to the US fell by 8 percent year-on-year, and imports from the USslumped by 31 percent. - VNA
Malaysia is ideally placed to be the gateway for commodities trade between the Association of Southeast Asian Nations (ASEAN) and China, Malaysian Prime Minister Mahathir Mohamad has said.
Senior officials of the Association of Southeast Asian Nations (ASEAN) and China held a consultation in Hangzhou city, China’s Zhejiang province, on May 19 to review cooperation, discuss measures to promote partnership, and prepare for the ASEAN-China post ministerial conference this August.
A roundtable conference on ASEAN-China trade cooperation took place in Beijing, China on May 31, aiming to implementing common perceptions reached between the two sides during the Belt and Road Forum for International Cooperation in April 2019.
The Republic of Korea (RoK), China and Japan agreed on May 3 to reinforce the regional financial safety net, along with members of the Association of Southeast Asian Nations (ASEAN), by launching a new financing facility programme meant to extend greater support in case of a financial crisis.
A technical issue combined with an extreme heatwave was blamed for a series of explosions at a military base that killed 20 soldiers and injured several others in Cambodia on April 27, the country’s Ministry of Defence said in a May 2 statement as reported by the Xinhua news agency.
The Customs Department of Thailand is scheduled to commence the collection of value-added tax (VAT) on imported goods sent via postal services, regardless of the goods value, starting in May.
A lecturer from Chulalongkorn University’s Faculty of Medicine has warned Thais to be more vigilant against COVID-19, saying infection rates appeare to be worsening with higher hospital admissions, deaths and severe cases.
Malaysia should harness the collective expertise and resources to drive sustainable growth and development of the halal industry, according to Minister of Investment, Trade and Industry Zafrul Abdul Aziz.
Laos has officially restored the 10% value-added tax (VAT) rate starting May 1, in a bid to support the country’s budget revenue and socio-economic development.
The ASEAN Future Forum 2024 (AFF 2024) entered its second plenary session in Hanoi on the afternoon of April 23, discussing ways to ensure comprehensive security for the people-centred ASEAN Community.
The first session of the ASEAN Future Forum 2024 (AFF 2024) in Hanoi on April 23 focused on fast and sustainable growth for the Association of Southeast Asian Nations (ASEAN).
The Canada-ASEAN Business Council (CABC) and the ASEAN Alliance on Carbon Markets (AACM) have signed a Memorandum of Understanding (MoU) to strengthen collaboration and accelerate the implementation of carbon crediting programmes across Southeast Asia.
ASEAN Secretary-General Kao Kim Hourn reaffirmed ASEAN leaders' commitment to empowering the youth to unleash their full potential when he had a dialogue with ASEAN youth in Hanoi on April 22 on the sidelines of the ASEAN Future Forum (AF 2024).
The Thai Government is being urged to increase the proportion of renewable power generation to more than the target of 50% set in the power development plan (PDP).
The Centre for Volcanology and Geological Hazard Mitigation (PVMBG) of Indonesia on April 21 lifted its tsunami advisory issued previously following the eruption of Mount Ruang in Sitaro district of North Sulawesi province.
Thailand expects to export about 1 million tonnes of durian, valued at an estimated 130 billion THB (3.53 billion USD) this year, with most of the shipments to China, according to Minister of Agriculture Thammanat Prompao.
The 72nd meeting of the ASEAN Working Group on Intellectual Property Cooperation (AWGIPC) and related meetings are being held by the Ministry of Science and Technology’s Intellectual Property Office (IPO) of Vietnam in the central city of Da Nang on April 22-26.
Enhancing regional food security and tackling the pressing challenges of climate change will be key agendas defining Malaysia’s ASEAN Chairmanship in 2025, Speaker of the Dewan Rakyat (lower house) Johari Abdul told the press on April 19.
Workers in a logistics park at the China-ASEAN free trade area. (Source:Xinhua) 
