The RoK's Minister of Trade, Industry and Energy Sung Yun-mo (R) and Trade minister of Indonesia Agus Suparmanto at the agreement singing ceremony in Seoul on December 18 (Photo: Yonhap/VNA)
Jakarta (VNA)൩ – Indonesia and the Republic of Korea on December 18 inked theirComprehensive Economic Partnership Agreement (IK-CEPA) inSeoul.
Thesigning marked an important milestone for both countries, when the RoK isincreasingly interested in making Indonesia a new production base in SoutheastAsian region. Trademinister of Indonesia, Agus Suparmanto said at a virtual press conference thesame day that he believes the IK-CEPA will make Indonesia’ economy stronger,more competitive, open, and more attractive to RoK investors. Suparmanto emphasised that the signing of the IK-CEPAshowed the commitment of the two countries to strengthen economic relations inthe midst of a challenging global economic situation in recent years beforefinally being faced with the COVID-19 situation. He hoped that the IK-CEPA canassist the economic recovery of the two countries more quickly. Under thepact, the RoK will eliminate up to 95.54 percent of its tariff posts, whileIndonesia will eliminate 92.06 percent of its tariff posts in goods trade. In services trade, Indonesiaand the RoK are committed to opening more than 100 sub-sectors. In 2019, the RoK was the eighth export destination countryand the sixth source of imports for Indonesia. Their two-way trade in 2019reached 15.65 billion USD, with Indonesian exports to the RoK amounting to 7.23billion USD and imports from the RoK amounting to 8.42 billion USD. In the first 11 months of 2020, the value of Indonesia’non-oil and gas exports to the RoK was recorded at 5.03 billion USD./.
The Indonesian Government plans to monitor its fish exports to China more strictly after the latter imposed a series of import suspensions over concerns about coronavirus contamination.
The 5G services can help telecommunications operators in Indonesia increase their revenue by 35 percent, or 8.2 billion USD, by 2030, a recent study shows.
Indonesia has attracted an estimated 22.33 billion USD in investment in energy and mining in 2020, lower than 31.9 billion USD recorded last year and the target of 36 billion USD set for 2020, according to Ministry of Environment and Mineral Resources (EMR).
Indonesia, the world’s largest palm oil producer, will begin raising export tariffs on crude palm oil (CPO) in order to support its Government’s compulsory bio-fuel programme.
The forum, which involves global experts and creative leaders from across 14 cultural sectors, aims to expand Thailand’s presence on the world stage through innovation and cultural exchange.
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.
The RoK's Minister of Trade, Industry and Energy Sung Yun-mo (R) and Trade minister of Indonesia Agus Suparmanto at the agreement singing ceremony in Seoul on December 18 (Photo: Yonhap/VNA) 
