RCEP shows regional strong commitment to liberal trade: IMF
The Regional Comprehensive Economic Partnership (RCEP) sends a very powerful message of the region's commitment to open and liberal trade, an official of the International Monetary Fund (IMF) has said.
Hanoi (VNA) - The RegionalComprehensive Economic Partnership (RCEP) sends a very powerful message of theregion's commitment to open and liberal trade, an official of the InternationalMonetary Fund (IMF) has said.
Addressing an online press conference on April 13, acting director of the IMF'sAsia and Pacific Department Jonathan D. Ostry said this is a "very welcomestep."
According to the official, the global environment has been extremelychallenging, and yet Asia was able to conclude this agreement in thischallenging environment, sending a very powerful signal.
Trade has been a powerful driver of growth and poverty alleviation in Asia fordecades, Ostry noted, adding that even as there were global trade tensions,Asia sought to invigorate regional trade liberalisation.
RCEP, signed in November 2020, groups the 10 members of the Association ofSoutheast Asian Nations (ASEAN) as well as China, Japan, the Republic of Korea,Australia and New Zealand.
RCEP brings together many countries, including three regional giants -- China,Japan, and the Republic of Korea - for the first time in a common regionalagreement, Ostry said.
The newly-signed agreement could provide a powerful impetus for greater tradein the Asia and Pacific region, he went on.
According to the IMF's recent projections, Asia-Pacific is expected to grow by7.6 percent this year and by 5.4 percent next year, thanks to the recovery of regionalcountries.
Ostry underlined the need to further efforts in order to advance the greenagenda and push forward the promising shift toward a greener energy mixemerging amid the pandemic./.
The Regional Comprehensive Economic Partnership (RCEP) agreement has enabled Vietnam to be connected better with global supply chains compared with other new-generation free trade agreements (FTAs), an official has said.
Singapore ratified the Regional Comprehensive Economic Partnership (RCEP) and deposited its ratification instrument on April 9, becoming the first participating country to complete the ratification process for the deal.
Singapore’s Foreign Minister Vivian Balakrishnan has said that he hopes India will “reassess” its stand on regional trading agreements such as the Regional Comprehensive Economic Partnership (RCEP) pact that it withdrew from, “The Hindu” of India reported in April 14.
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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.
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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.
Cargo ships offshore Singapore (Photo: Reuters) 
