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China spent four years fighting for market-economy status, a designation that would give it stronger footing with commercial partners while also curtailing their ability to retaliate over trade disputes. This week, China quietly lost that battle.
MoreThe Asian Development Bank (ADB) has lowered its growth forecast for Vietnam in 2020 to 4.1%, but the country will remain one of the best-performing economies in Southeast Asia, which is expected to shrink overall by 2.7% due to the coronavirus pandemic.
MoreThe European Union (EU)-Vietnam Free Trade Agreement (EVFTA) is expected to trigger high-quality FDI flows from Europe to the Southeast Asian country, Vietnamese Trade Counsellor in Italy Nguyen Duc Thanh has told the Vietnam News Agency (VNA).
MoreUS Trade Representative Robert Lighthizer told members of the Senate Finance Committee on Thursday that America is currently negotiating it with India.
MoreAustralian and New Zealand ministers say they are eager to do deals with the UK as their economies emerge from the coronavirus crisis
MoreWith just over six months remaining before Canada's current free trade arrangement with the United Kingdom expires, the British government signalled today that it intends to join another trade agreement in which Canada is already a partner: the Comprehensive and Progressive Trans-Pacific Partnership.
MoreQuality standards, rules of origin, and legal aspects are said to be among the barriers Vietnamese businesses will have to overcome to gain a foothold in the European market under the EU-Vietnam Free Trade Agreement (EVFTA).
MoreSOUTH Korean officials have expressed their intention to sign a free trade agreement (FTA) with Cambodia next month to boost bilateral trade.
MoreJapan has ratified updates to its comprehensive economic partnership deal with the 10-nation Asean bloc, with the changes to come into force on Aug 1, Japan's Ministry of Foreign Affairs (Mofa) said in a statement yesterday.
MoreEven as many in the region hail a free-trade deal between the European Union and Hanoi for opening up new economic possibilities, analysts say it is unlikely to be a silver bullet for Vietnam’s post Covid-19 recovery. Chinese analysts also think it is unlikely the European Union Vietnam Free Trade Agreement (EVFTA), which was ratified on Tuesday, will result in a substantial number of foreign investors and manufacturers relocating from China to Vietnam.
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