DUBAI / KUALA LUMPUR, Jan 21, 2022 – (ACN Newswire via SEAPRWire.com) – Under the patronage of YB Tan Sri Datuk Seri Panglima Haji Annuar Bin Musa, Malaysian Minister of Communications and Multimedia, and with the participation of Malaysia Digital Economy Corporation (MDEC), a Memorandum of Understanding (MoU) was signed on January 12th, 2022, between […]
(SHI YU / CHINA DAILY) The Regional Comprehensive Economic Partnership agreement came into effect on Jan 1 for China, Japan, Australia, New Zealand, and six member states of the Association of Southeast Asian Nations. For the Republic of Korea, it will come into force on Feb 1. This, in earnest, marks the smooth launch of […]
The Regional Comprehensive Economic Partnership, which entered into force on Jan 1, is a landmark achievement of regional cooperation and will give a strong boost to global economic recovery. The RCEP agreement, an unparalleled, large-scale regional trade arrangement, conforms to the interests of the 15 signatory countries, reflects their common desire to bolster economic cooperation, […]
(SONG CHEN / CHINA DAILY) In his January 2017 address at the World Economic Forum, President Xi Jinping promoted global economic interdependency and warned that protectionism would produce no winners. In 2021, he called for both greater global efforts in the fight against the unprecedented public health crisis and a renewed commitment to multilateral cooperation, […]
An aerial view of Yangpu economic development zone in South China's Hainan province is seen in this file photo taken on Dec 5, 2021. (PHOTO / XINHUA) In a hard-earned result, given the attempts the United States has exerted to reshape the global supply chains, China's foreign trade realized 30 percent year-on-year growth last year. […]
The Regional Comprehensive Economic Partnership, the world's largest free trade agreement (FTA) in terms of economic size and population, came into effect on Jan 1. Comprising 15 Asia-Pacific economies, including some of the world's largest ones such as China and Japan, as well as populous ones like China and Indonesia, the RCEP will bring down […]
(JIN DING / CHINA DAILY) About one year ago, on Dec 21, 2020, I wrote an article, titled "Time to Turn the Page", in anticipation of improved China-US trade relations following Joe Biden's election as US president. Disappointingly, even almost one year into Biden's presidency, this has not happened. Joe Biden and President Xi Jinping […]
That the Regional Comprehensive Economic Partnership agreement will take effect on Jan 1, 2022, is far more significant than just a multilateral free trade agreement (FTA) coming into force in a world haunted by growing protectionism, popularism and anti-globalization sentiment. Peter Petri and Michael Plummer, two prominent economists, have said the RCEP will shape global […]
The Regional Comprehensive Economic Partnership agreement takes effect on Saturday. It establishes the world's largest free trade zone and is expected to have a far-reaching impact on regional trade facilitation and economic integration over the coming decades. Proposed by the Association of Southeast Asian Nations, the deal comprises the 10 member states of ASEAN plus […]
(MA XUEJING / CHNA DAILY) Twenty years after China’s accession to the World Trade Organization, and as the European Union’s chief negotiator of China’s terms of accession at the time, I am asked this question in various places around the world: Is China’s accession something to be celebrated? Has it been a success? Looking at […]
Editor's note: What was the Chinese economy like in 2001 and how will its trade develop in the coming years? Wei Jianguo, a senior councilor of China Center for International Economic Exchanges and former vice-minister of commerce, gives the answers to this and many other questions in a conservation with China Daily's Liu Jianna. Excerpts […]
HEBEI, CHINA, Dec 9, 2021 – (ACN Newswire via SEAPRWire.com) – China will boost new forms and models of foreign trade to advance high-quality development of the trade sector, according to a circular issued by the General Office of the State Council on July 9, 2021, and aims to have better mechanisms and policy systems […]
A view of the Lujiazui area in Shanghai, East China. (PHOTO / XINHUA) The only thing certain about the future is uncertainty. What goes for the wider world goes for trade, as well. Despite warnings that we were ill-prepared for a pandemic, the outbreak of the novel coronavirus took us by surprise. The impact on […]
The US Department of Commerce announced on Nov 24 that it had added to its exports blacklist, formally Entity List, 27 new entities－12 from China, 13 from Pakistan, and one each from Japan and Singapore－because they did not meet the country's national security or foreign policy requirements. The Chinese companies included in the list are […]
SINGAPORE, Dec 3, 2021 – (ACN Newswire via SEAPRWire.com) – Online brokerage Tiger Brokers (Singapore) Pte. Ltd. (“Tiger Brokers Singapore”) today announced that the average Singapore ‘first-timer’ account deposit has increased to $5,000 this quarter (Q4 2021), compared to the average initial deposit of $4,000 in Q2 and Q3 2021, as the pool of investors […]
Strong interconnectivity between regions boosts trade and investment HONG KONG, Nov 29, 2021 – (ACN Newswire) – Close to 60 per cent of companies in the Guangdong-Hong Kong-Macao Greater Bay Area (GBA) are considering further expansion into the Association of Southeast Asian Nations (ASEAN) countries in the next three years, a research report by UOB Hong Kong Branch and […]
This undated photo shows the president of Trade Union Confederation Tomoko Yoshino. (PHOTO / BLOOMBERG) Attempts to appoint female leaders in Japan meet with resistance from men and women who see them as running counter to traditional values, according to the new head of the country’s biggest federation of labor unions. “The perception that […]
In his talk with President Xi Jinping via video link last week, US President Joe Biden agreed that both countries should strive to avoid a Cold War and manage their divergences in a constructive way under the principle of mutual respect and equity. This was widely welcomed as a sign that Washington would act to […]
Gina Raimondo's first visit to Asia as US Secretary of Commerce from Nov 15 to 18 came after the considerable disappointment in the Asia-Pacific region over the United States' perceived lack of engagement with Asia during the Donald Trump presidency (2017-20). The disappointment was particularly pronounced among the US' defense and strategic partners in the […]
The Regional Comprehensive Economic Partnership agreement will come into effect on Jan 1, 2022, since six member states of the Association of Southeast Asian Nations including Singapore, Thailand and Vietnam and four non-ASEAN member countries, China, Japan, New Zealand and Australia, have ratified it. Covering nearly a third of the world's population and accounting for […]