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Cambodia and Vietnam agree to drop import duties

Trade ties between Cambodia and Vietnam were strengthened on Wednesday following a meeting between high-ranking commerce officials in which both countries agree to drop tariffs on a number of goods. Vietnam also agreed to expand its quota of Cambodian rice to 300,000 tonnes and tobacco leaves to 3,000 tonnes. These are the most significant points […]

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Indonesia posts $1.16b trade deficit in January

Despite seeing a significant decrease in oil and gas and consumer goods imports, Indonesia posted a US$1.16 billion trade deficit in January 2019 because of slower exports and low commodity prices. Exports decreased 3.24 percent month-to-month (mtm) and 4.7 percent year-on-year (yoy) to $13.87 billion because of a 29.3 percent mtm decrease in oil and gas exports to $1.24 billion. Meanwhile, imports went […]

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