Tag: trade

The new China-Laos-Thailand railway offers a faster, more cost-effective transportation solution, enabling efficient cold chain logistics for fresh produce. With 19 refrigerated containers and a 55-hour journey between Kunming and Bangkok, the train promises to enhance trade connectivity in Southeast Asia.

After a 30-year absence, the United States is rebuilding its military presence in the Philippines, gaining access to additional military camps. This move is part of a broader strategy to create a strong defensive arc against China's increasing regional aggression, leveraging a long-standing alliance with strategic geographical significance.

European Union and G7 nations impose sanctions on Russian diesel and refined oil products, aiming to limit Russia's military funding while maintaining global energy supply and protecting consumers from price volatility.

Cambodia's international trade surged in 2022, with total foreign trade reaching $52.425 billion, representing a 9.19% year-over-year increase. Imports and exports grew by 4.32% and 16.44% respectively, while the trade deficit reduced by 20.60%, signaling positive economic momentum.

Datuk Liew Chee Ming highlights potential for Chinese investors to support Malaysia's low-carbon development, particularly in high-tech industries like electric vehicle manufacturing, following China's economic recovery.

Malaysia's Department of Statistics reports a significant rise in total trade for December 2022, reaching RM236.0 billion. Exports increased by 6.0% to RM131.9 billion, while imports grew 12.0% to RM104.1 billion. The annual trade milestone of RM2.8 trillion was achieved, with states like Johor and Sarawak contributing to the export performance.

The EU is weighing industrial subsidies to compete with US green technology investments, but tensions arise as larger economies like Germany and France might disproportionately benefit, potentially undermining the single market's principles and smaller nations' economic interests.

Chile's ratification of the CPTPP creates significant opportunities for Malaysian businesses, offering reduced tariff rates and easier market access across 11 Pacific Rim countries, according to Minister Tengku Zafrul Abdul Aziz.

Taiwanese economic officials are expressing concerns about recent US semiconductor restrictions potentially harming the island's critical technology export sector. The new Chips and Science Act could significantly disrupt Taiwan's advanced chip manufacturing ecosystem, introducing uncertainty into global supply chains.

Asia-Pacific leaders gathered at the APEC summit in Thailand, strongly condemning Russia's war in Ukraine while emphasizing the need for open trade and economic stability. The majority of the 21 participating nations expressed concern about the conflict's global economic implications, marking a significant diplomatic moment.