Malaysia will benefit from its participation in the Regional Comprehensive Economic Partnership Agreement (RCEP) as it enhances economic integration and facilitation between ASEAN countries and their dialogue partners, namely China, Japan, the Republic of Koreas, Australia, and New Zealand.
Deputy International Trade and Industry Minister Senator Datuk Lim Ban Hong (Photo: thevibes.com)
Kuala Lumpur (VNA) – Malaysia will benefit fromits participation in the Regional Comprehensive Economic PartnershipAgreement (RCEP) as it enhances economic integration and facilitation betweenASEAN countries and their dialogue partners, namely China, Japan, the Republicof Koreas, Australia, and New Zealand.
Deputy International Trade and Industry Minister SenatorDatuk Lim Ban Hong said in front of the lower house on December 17that each RCEP member state has its own advantages whether in terms of rawmaterials, expertise and technology, skilled and quality human resources, or alarge market.
He said the RCEP would open up wider market access through theelimination and reduction of tariffs and non-tariffs, harmonisation oftechnical standards and regulations, as well as economic cooperation.
He stressed that the pact will facilitate cross-border trade forlocally produced products, and strengthen regional value chain through rules oforigin that are easier to use.
Lim also said that the RCEP will strengthen the integration of local companiesin the global value and supply chain to become more competitive on theinternational stage and become global companies, and it will make it easier forMalaysian companies to obtain raw materials for their manufacturing processes.
Local service providers, including those in e-commerce, can enjoy greatermarket access in terms of cross-border supply, and create a commercial presencein the RCEP region as it is home to 2.2 billion people, orone-third of the world’s population, he added.
Furthermore, the deal helps Malaysia attract more foreign investments sinceSoutheast Asia will be the destination of choice for investment.
RCEP participation is also expected to accelerate the regional economicrecovery process after COVID-19 through market opening and increased tradefacilitation among member states, he said./.
The Regional Comprehensive Economic Partnership (RCEP) has given Vietnam and other ASEAN countries a perfect opportunity to become a centre of investment attraction, said Minister of Industry and Trade Tran Tuan Anh.
The signing of the Regional Comprehensive Economic Partnership (RCEP) Agreement is ASEAN’s most outstanding achievement this year, Permanent Representative of Indonesia to ASEAN Ambassador Ade Padmo Sarwono said in an interview granted to the Vietnam News Agency (VNA)’s correspondent in Jakarta on November 18.
Indonesia plans to exclude several “sensitive” commodities such as rice, weaponry and alcoholic beverages from its scheduled commitment to eliminating tariffs in the Regional Comprehensive Economic Partnership (RCEP).
The signing of the Regional Comprehensive Economic Partnership (RCEP) has injected new momentum into the economic and trade cooperation between ASEAN and China, a Singaporean scholar told Xinhua News Agency.
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.
Deputy International Trade and Industry Minister Senator Datuk Lim Ban Hong (Photo: thevibes.com) 
