Trade between China and Japan will get a huge boost from the Regional Comprehensive Economic Partnership (RCEP) thanks to favorable terms in areas including tariffs.

Japan and Britain on Thursday confirmed that the Trans-Pacific Partnership member states will start tariff negotiations with the European country, which hopes to join the regional free trade deal.

Disruptions in global trade are about to go from bad to worse.

Vietnam is anticipating a great chance to further promote its trade with Singapore, which has yet to be on par with the potential of both nations, as President Nguyen Xuan Phuc is scheduled to pay a State visit to the city-state from February 24-26.

Many Vietnamese businesses have felt the pinch as petrol and logistics costs are rising considerably, causing many to lose export orders signed with partners.

The Republic of Korea (RoK) has offered a preferential tax rate of 5 percent for 55,112 tonnes of rice imported from Vietnam, according to the Asia-Africa Market Department under the Ministry of Industry and Trade.

Rubber is one of the industries posting good performance despite many sectors struggling due to the COVID-19 pandemic.

Despite negative effects from the health crisis, leaders from Vietnam and Singapore have explored further solutions to beef up their strategic partnership during the state visit from the former, with a focus on trade and investment ties strongly increasing thanks to a connectivity initiative.

The two-way trade turnover between Vietnam and Singapore is estimated at 1.3 billion USD in the first two months of 2022, up 6.3 percent year-on-year.

Vietnamese tuna exports to the United States saw a year-on-year surge of 210% in January to reach nearly US$44 million, accounting for roughly 50% of the total export value of the product, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).