East Asian trade is set to rise even further in importance because the scale of the region’s economic recovery is larger and faster than anywhere else. Asia was already the second most integrated regional trade network after the European Union in 2019, with regional trade at 58 per cent of total trade. East Asia’s trading system is likely to become more inclusive and sustainable with its rapid shift to digital platforms.

Talking to a reporter of Customs News, Dang Phuc Nguyen, Secretary General and Chief of the Vietnam Fruit and Vegetable Association, said the implementation of the Vietnam-UK Free Trade Agreement (UKVFTA) has helped fruit and vegetable exports to the UK market increased by about 20%. However, tariff cuts are not the key. To take advantage of the opportunities, businesses must make more efforts to meet strict requirements on food safety, and at the same time need close support from the State to remove difficulties.

The U.S. said China continues to focus its policies on exports, and called on its biggest economic rival to implement forceful measures to boost domestic demand.

With expectation to develop into a leading digital economy in Southeast Asia over the next decade, Vietnam is also witnessing a strong inflow of high-tech investment swelling performance in the region.

Cross-border transfers of goods are a complex process, given the different customs regulations in various countries. This is why the Association of Southeast Asian Nations (Asean) has come up with the Asean Customs Transit System (ACTS) to improve the movement of goods between member countries.

The Regional Comprehensive Economic Partnership (RCEP) sends a very powerful message of the region's commitment to open and liberal trade, an official of the International Monetary Fund (IMF) has said.

The European Parliament’s committees on relations with Britain on Thursday voted overwhelmingly in favour of the post-Brexit trade and cooperation agreement, clearing the path to its final ratification.

Although the developments of the Covid-19 pandemic remain complicated and unpredictable all over the world, the garment and textile industry still receives good news when orders have become plentiful again, enough for domestic enterprises to produce from now until the end of the year.

Although COVID-19 plunged the global economy into the worst recession since World War II, clear signs of recovery have emerged. China began leading the way by pocketing positive growth in 2020 after bringing the epidemic under control. The U.S. and European countries initiated a bid for economic rebound via aggressive stimulus measures.

Việt Nam's export turnover of Vietnamese goods to the 27 EU member countries has skyrocketed after eight months of implementing the EU - Việt Nam Free Trade Agreement (EVFTA), reaching nearly US$4.8 billion.