Jakarta (VNA) – 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). Speaking at a recent webinar, director general for international trade cooperation under the Trade Ministry Iman Pambagyo said that “these are the sectors that we always consider to be very, very sensitive for Indonesia”. On November 15, Indonesia joined the nine other members of ASEAN, along with Australia, China, Japan, the Republic of Korea and New Zealand, in signing the RCEP. According to data from Statistics Indonesia (BPS), the RCEP countries accounted for 61.6 percent of Indonesian exports and 71.3 percent of its imports last year. Indonesia has committed to eliminating 91 percent of its tariff lines in the coming years under the world’s largest free trade agreement, with rice, weapons and alcoholic beverages … [Read more...] about Indonesia to leave out some sensitive goods from RCEP tariffs
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In the speech, the PM expresses his delight at the opening of the CAEXPO 17 and the China-ASEAN Business and Investment Summit on the occasion of the 10th anniversary of the ASEAN – China Free Trade Area and the China – ASEAN Year of Digital Economy Cooperation, which contribute to trade and growth of both sides. … [Read more...] about Prime Minister: ASEAN-China ties keep positive growth
Colin Blackwell announced and presented the trophy to one of the winning companies in Vietnam HR Awards 2020 When the pandemic started, there was a stark choice for all businesses. Either they could adapt processes or they had to stop. Those that were digital could switch to online remote working and find alternatives to supply chain disruptions. Vitally, their foundation in e-commerce allowed them to scale up those channels fast and even increase sales whilst their old fashioned competitors stumbled. Their bravery and foresight was being rewarded. … [Read more...] about How the best companies in Vietnam grew during COVID?
He added that VASEP had proposed the ministries of Agriculture and Rural Development, Industry and Trade and Foreign Affairs work jointly with the Chinese authorities to remove the obstacles facing local seafood exporters, as Vietnam has brought the Covid-19 pandemic under control. … [Read more...] about Tra fish exporters should remain calm amid China’s control of imported frozen food
Many e-commerce firms also expressed concern after hearing that bank account information would be transferred to taxation bodies. If the information about business activities is exposed to rivals, this will cause serious consequences. A businessman said if companies feel insecure, they may seek non-bank financial channels to make transactions or use cash in transactions again. If so, the plan to develop e-commerce and use non-cash payment will never occur. … [Read more...] about Millions of taxpayers worry about leaks of bank account information