Australian Prime Minister Scott Morrison said on November 15 that the signing of the long-waited Regional Comprehensive Economic Partnership (RCEP) Agreement showed the region’s shared commitment to open trade and investment, despite the challenges of COVID-19.
Australian Prime Minister Scott Morrison (Source: AFP/VNA)
Hanoi (VNA) – Australian Prime Minister Scott Morrison said onNovember 15 that the signing of the long-waited Regional Comprehensive EconomicPartnership (RCEP) Agreement showed the region’s shared commitment to opentrade and investment, despite the challenges of COVID-19.
“Our trade policy is all about supporting Australian jobs,boosting export opportunities and ensuring an open region with even strongersupply chains. RCEP builds on our trade successes and is good news forAustralian businesses,” Morrison said in a statement.
With one in five Australian jobs reliant on trade, the RCEPagreement will be crucial as Australia and the region begin to rebuild from theCOVID 19 pandemic, he stressed.
This agreement covers the fastest growing region in theworld and, as RCEP economies continue to develop and their middle classes grow,it will open up new doors for Australian farmers, businesses and investors, headded.
On the same day, New Zealand Prime Minister Jacinda Ardernsaid that securing free trade agreements like the RCEP is an important part ofNew Zealand's Trade Recovery Strategy.
She affirmed joining in RCEP put New Zealand in the bestpossible position to recover from the economic impacts of the pandemic andseize new opportunities for exports and investment.
She specifically mentioned that New Zealand primaryindustries and education will directly benefit from the agreement.
Meanwhile, Indonesian President Joko Widodo said that thesigning of the agreement on November 15 has demonstrated the commitments ofpeace and stability as well as prosperity within the region.
During the 4th RCEP Summit held virtually, Widodo statedthat the signing was a historical moment as its process took nearly a decadeafter being initiated in 2011, and the first round of negotiation was conductedin 2013.
The pact will intensify the principle of an open, fair andbenefited all-sides multilateral commerce, and provides hope and optimisticview on economic recovery for post-pandemic era throughout the region, headded./.
German newspapers have run articles spotlighting the importance of the Region Comprehensive Economic Partnership (RCEP), especially for economic integration in the Asia-Pacific region.
The Regional Comprehensive Economic Partnership (RCEP) Agreement will create new opportunities for Japanese manufacturers and farmers, and contribute greatly to increasing Japan’s exports to Asia, Japanese Minister of Economy, Trade and Industry Hiroshi Kajiyama said on November 15.
The signing of the Regional Comprehensive Economic Partnership (RCEP) Agreement is a historic achievement of the region, according to Cambodia’s national press agency Agence Kampuchea Press (AKP).
The 37th ASEAN Summit and Related Summits were a success and the outcome is “amazing,” said Deputy Head of Mission of the Polish Embassy in Hanoi Maciej Duszyński.
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.
The forum featured two in-depth discussion sessions, engaging representatives from governments, think tanks, and businesses from both ASEAN and China, on how to forge closer ties for a common future.
The new FIFA Hub in Jakarta will not only support football development in Indonesia but also serve as a coordination centre for 21 football associations across Southeast and East Asia.
Minister Counselor Nguyen Hoang Nguyen reaffirmed Vietnam’s principled and consistent stance on the Palestine issue, calling for an immediate and lasting ceasefire across the entire Gaza Strip.
PM Anwar Ibrahim affirmed the determination of Malaysia, as ASEAN Chair for 2025, to utilise all viable regional mechanisms of the bloc and work with partners to de-escalate violence and restore a peace process led by Myanmar.
Talking to the Vietnam News Agency on the occasion of the 100th anniversary of the Vietnam’s Revolutionary Press Day (June 21, 1925–2025), Nikulina, who is also a veteran journalist of Russia’s Sputnik News, emphasised the vital role of mainstream journalism in defending the truth and maintaining public trust.
The Ministry of Commerce reported that imports also rose 18% to 29.9 billion USD during the same period, resulting in a trade surplus of 1.1 billion USD. In May alone, Thailand posted a 4.6 billion USD trade surplus with the US and a 4.1 billion USD trade deficit with China.
The World Bank will provide a 2.1 billion USD financing package for Indonesia, focusing oncreating jobs, stimulating economic growth, and enhancing access to clean energy across the country.
Australian Prime Minister Scott Morrison (Source: AFP/VNA) 
