After 15 to 20 years, Vietnam will remove 89.6 percent of tariff lines for partner countries which, in return, will eliminate up to 92 percent of tariff lines for Vietnam. Other ASEAN members will cut 85.9 percent of all tariffs for Vietnam.Nguyen Thi Thu Trang, Director of the Centre for WTO and Integration of the Vietnam Chamber of Commerce and Industry, said the agreement will facilitate Vietnamese exports to the 14 remaining member markets. Establishing new supply chain According to the Ministry of Industry and Trade, Vietnam already participated in ASEAN Trade in Goods Agreement (ATIGA) and free trade agreements (FTAs) between ASEAN and other partner countries, meaning that trade liberalisation had already been implemented over the past two decades. … [Read more...] about RCEP: new impulse for deeper integration into global value chain
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Vietnam successfully escorts ASEAN through a tough year
Hundreds of annual ASEAN meetings were moved online, with 550 meetings held during the year and 20 summits, including the 36th and 37th Summits and 70 ministerial meetings. The switch was made swiftly and efficiently, to ensure that agendas were fulfilled across all three fronts - politics-security-defence, economy, and culture and society. … [Read more...] about Vietnam successfully escorts ASEAN through a tough year
Việt Nam successfully escorts ASEAN through a tough year
Hundreds of annual ASEAN meetings were moved online, with 550 meetings held during the year and 20 summits, including the 36th and 37th Summits and 70 ministerial meetings. The switch was made swiftly and efficiently, to ensure that agendas were fulfilled across all three fronts - politics-security-defence, economy, and culture and society. … [Read more...] about Việt Nam successfully escorts ASEAN through a tough year
Ministers foresee trade, investment contractions in Southeast Asia
The successful organization of the 52nd ASEAN Economic Ministers’ Meeting and related meetings contributed to helping ASEAN become a larger economic space. In addition, issues agreed by ASEAN economic ministers also aimed to promote the regional economy more strongly to be the fulcrum for ASEAN member countries to possess a favorable competitive position compared to other economies. … [Read more...] about Ministers foresee trade, investment contractions in Southeast Asia
