Trade between ASEAN, dialogue partners up 13 percent in 2017
ASEAN recorded a 13 percent increase in trade with dialogue partner countries last year, with China declared the top trader in the region.
Thai Director-General of the Department of Trade Negotiations Auramon Supthaweethum (Photo: thainews.prd.go.th)Bangkok (NNT/VNA) – ASEAN recorded a 13 percent increase in trade with dialogue partner countries last year, with China declared the top trader in the region.
Thai Director-General of the Department of Trade Negotiations Auramon Supthaweethum revealed on September 11 that the ASEAN Secretariat had released a report on the value of trade and investment between ASEAN and its key partners in 2017.
She said the report indicated a rise of 13 percent in trade value with the six free trade agreement (FTA) partners, accounting for 37 percent of the bloc’s total trade with the world. Trade with China was highest in value, exceeding 441 billion USD, an increase of about 19 percent.
As for foreign direct investment in 2017, the largest investor in ASEAN was the European Union, followed by Japan and China. Investment by India also made an impressive leap of over 9,000 percent to reach a value of 1.8 billion USD.
Meanwhile, ASEAN’s trade with Thailand posted a growth rate of 700 percent. The robust expansion was due to benefits from the ASEAN Free Trade Area (AFTA) for the country’s exports of vehicles, car parts and accessories, electrical appliances and electronics, rice, rubber and sugar, as well as tourism, hotel stays, restaurant dining and health businesses.-NNT/VNA
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 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.
World
Argentinian media praises Dien Bien Phu Victory
Argentinian newspapers have called Vietnam's Dien Bien Phu Victory (May 7, 1954) a symbol of the national liberation movement of oppressed and colonialised peoples worldwide.
World
Laos speeds up granting licences to foreign workers
Laos's Ministry of Labour and Social Welfare plans to issue visas to illegal foreign workers and extend permits to legal ones so that they can continue to work in the country.
World
Argentinian scholar praises Vietnam’s April 30, 1975 victory
The complete reunification of Vietnam on April 30, 1975 was an extremely significant event in the history of the country and the world, opined a scholar from the Institute for International Relations at the National University of La Plata, Argentina.
