ASEAN, China further liberalise trade in services
ASEAN and China signed a protocol to implement the second package of
commitments under the ASEAN-China Trade in Services Agreement (AC-TIS)
on the sidelines of the ASEAN-China Summit in Bali, Indonesia on Nov.
19.
ASEAN and China signed a protocol to implement the second package of
commitments under the ASEAN-China Trade in Services Agreement (AC-TIS)
on the sidelines of the ASEAN-China Summit in Bali, Indonesia on Nov.
19.
Addressing the signing ceremony, Surin Pitsuwan, ASEAN Secretary General said that the protocol will further liberalise trade and services among 10 ASEAN member countries and China with substantial improvement in their level of commitments on trade in services, contributing to boosting trade and investment between ASEAN and China.
Under the new protocol, the eleven countries will expand the sectoral coverage of their commitments under the General Agreement on Trade in Services (GATS) and the first package of AC-TIS, further liberalise the level of restrictions and remove discriminatory measures in those commitments.
Signed in 2007, AC – TIS serves as a foundation for the two sides to continue ne
gotiations on commitment packages to strengthen trade and investment cooperation./.
Addressing the signing ceremony, Surin Pitsuwan, ASEAN Secretary General said that the protocol will further liberalise trade and services among 10 ASEAN member countries and China with substantial improvement in their level of commitments on trade in services, contributing to boosting trade and investment between ASEAN and China.
Under the new protocol, the eleven countries will expand the sectoral coverage of their commitments under the General Agreement on Trade in Services (GATS) and the first package of AC-TIS, further liberalise the level of restrictions and remove discriminatory measures in those commitments.
Signed in 2007, AC – TIS serves as a foundation for the two sides to continue ne
gotiations on commitment packages to strengthen trade and investment cooperation./.
You should also see
Cam Lam - Vinh Hao Expressway to help drive south-central region's economy
The 78.5km Cam Lam - Vinh Hao Expressway, one of the three sub-projects of the North - South Expressway project’s eastern wing, officially opened to traffic on April 26.
See more
World
Indonesia's first thermal power plant stops operating
Indonesia's Ministry of Maritime Affairs and Fisheries (MMAF) has held a press conference to inform about the country’s progress in the early decommissioning of the Cirebon-1 thermal power plant.
World
Thai central bank intervenes to stabilise currency
The Bank of Thailand (BoT) said it has intervened in currency markets at times to ease any excessive moves in the THB, adding that the current policy rate is robust and conducive to economic recovery, reported the Bangkok Post.
World
Vietnam appeals for maximum self-restraint, end to hostilities in Middle East
A representative of Vietnam appealed to all the parties concerned to exercise maximum self-restraint and to end hostilities, while addressing a United Nations Security Council (UNSC) open debate on the Middle East and Palestine situation on March 25.
World
Indonesia’s coffee exports surpass imports
Indonesia’s coffee exports have surpassed imports for 47 consecutive months since May 2020, the Central Statistics Agency (BPS) has reported.
World
Thailand expects wave of tourists during Golden Week
The Tourism Authority of Thailand (TAT) estimates that about 996,000 foreign tourists will visit the Southeast Asian country between April 26 and May 5, known as the Golden Week holidays in Japan, during which Chinese tourists also prefer to travel overseas.
