Asean members have agreed on three trade pacts on Monday during the 33rd Asean Summit in Singapore, including the landmark Asean Agreement on E-Commerce. Deputy Commerce Minister Chutima Bunyapraphasara, who attended the summit, said this is the bloc’s first deal to facilitate cross-border e-commerce transactions after nine rounds of negotiations. The pact aims to improve […]
Read MoreASEAN member countries agreed on Monday to a cooperation framework to support the development of the digital economy through e-commerce schemes. The agreement on e-commerce was signed by ASEAN trade ministers, including Trade Minister Enggartiasto Lukita. The signing took place amid the 33rd ASEAN Summit and other related summits that will take place in Singapore […]
Read MoreThe Commerce Ministry wants to promote coordination of economic development between countries of the Ayeyawady-Chao Phraya-Mekong Economic Cooperation Strategy (ACMECS) and China, aiming to attract more Chinese investment and a cushion against impact from the Sino-US trade row. Commerce Minister Sontirat Sontijirawong said Thailand proposed the cooperation to Chinese economic officials to enhance multilateral linkages and […]
Read MoreBANGKOK — To this day, when Thai schoolchildren learn by rote the main achievements of their past prime ministers, they are taught that Anand Panyarachun was responsible for the creation of the Association of Southeast Asian Nations’ Free Trade Area (AFTA). What this might mean to them is unclear, but its echoes are still being […]
Read MoreEVEN as Asean governments pursue economic cooperation, businesses must do their part to encourage such moves by accepting more competition at home in return for access to markets in other countries, said Prime Minister Lee Hsien Loong on Monday. Speaking at the opening ceremony of the two-day Asean Business and Investment Summit, he extolled the benefits of economic […]
Read MoreMANILA, Philippines — Southeast Asia’s biggest e-commerce portal expects to double the sales generated in the Philippines from its biggest one-day sale event 11/11 compared to last year. “We expect to do twice of 11/11 last year this year and 15 times a normal day,” Juan Pavez Spencer, Lazada Philippines chief executive officer for logistics or operations told […]
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