Vietnamplus

Cambodian bicycle manufacturers earned 514 million USD from exports in January-October, the Khmer Times quoted the Cambodian Ministry of Commerce as saying on December 27.

Vietnam and the UK concluded necessary procedures for the temporary application of the bilateral free trade agreement from 6am of January 1, 2021 (Vietnam time) following the signing of the deal on December 29, 2020.

The United States suspended tariff privileges under the Generalised System of Preferences (GSP) on 573 Thai products from April 25 as originally scheduled.

Vietnamese shrimp exporters are hoping for a better year after their shipments fell 5.4 percent year on year to 3.36 billion USD in 2019, according to insiders.

Cambodia’s export of travel goods surged in the January-September period of this year to 385 million USD, mostly thanks to tax privileges they received from the US under its Generalised System of Preferences (GSP).

US Commerce Secretary Wilbur Ross said on November 6 that the US review of a trade preference facility for Indonesia will conclude soon with far more investment from American firms in Southeast Asia’s biggest economy, Reuters reported.

Laos’ exports via the Generalised System of Preferences (GSP) and free trade agreements (FTAs) neared 1.31 billion USD last year, accounting for 24.3 percent of the total exports, according to the Lao News Agency KPL on May 6.

The Ministry of Industry and Trade has issued new regulations on the implementation of the Generalised System of Preferences (GSP) of the European Union, Norway, Switzerland and Turkey.

The United States has removed 11 Thai products from its Generalised System of Preferences (GSP) programme for 2018 effective from November 1.

Vietnam’s exporters must self-verify the origin of their products that they export to the European Union (EU) from 2019 to be qualified for Generalised System of Preferences (GSP) which is the tariff preference for developing countries.

The Vietnam Association of Seafood Exporters and Processors (VASEP) has projected shrimp exports to continue gathering momentum this year, particularly in the EU and China.

The United States has offered duty-free access to travel goods made in Cambodia, a major expansion of trade preferences for the country.

Myanmar aims to attract 140 billion USD in foreign direct investment (FDI) by 2030, according to its new economic development plan.

The EU decided to suspend tariffs on Malaysia’s export products of automotive parts, clothing and apparel, furniture and plastic parts effective from January 1.