Government Relations

RI to foster ASEAN-EU economic cooperation

Jakarta, May 6 (ANTARA) – Indonesia, current chair of ASEAN, is leading an effort to foster economic and trade cooperation between ASEAN and the European Union, two regions if combined together would form a huge market of one billion population and a combined gross domestic product (GDP) of US$16.7 trillion.

EU gives fruit exporters ultimatum

Thailand has one year to meet standards Thailand has until next January to prove that all shipments of 16 suspect vegetable types to the EU meet quality standard requirements, says the Thailand Trade Representative Office (TTR).

EU prefers Asean-wide FTA

Thailand remains keen to have a bilateral free trade agreement with the European Union (EU) while the latter prefers to seal a region-wide pact with all Asean members, say the delegations of both sides.

Oil Market Outlook

Crude prices remained at 30-month highs last week as supply worries persisted amid turmoil in Libya and the Middle East. Concerns over softer demand, triggered by interest rate hikes in China and Europe and a major aftershock in Japan, capped a further rally. ICE Brent gained $7.95 from the previous week to settle at $126.65 a barrel. West Texas Intermediate (WTI) rose $4.85 to $112.79.

European SMEs especially keen on Asean presence and role in global supply chain.

PHNOM PENH : The European Union, despite the ongoing economic woes of some of its members, is keen to increase its trade and investment into the smaller countries of Asean as it says there is a greater potential for growth in this part of the world.

BOI approves measure to relieve impact from strong bath

Thailand Board of Investment (BOI) has offered new measures to help allevaite the impact from strong bath

Business as usual in border areas

Amid rising concerns over the recent border clashes between Thailand and Cambodia, Thai businesses insist it is business as usual because they are confident the clashes will remain contained.

EU urges Thailand to speed up FTA

The EU is calling on the Thai government to speed up opening free trade negotiations with it, saying otherwise the country could lag behind its neighbours about to gain more benefits from the grouping’s new trade policy.

Panel delays wage increase

The Central Wage Committee has postponed a decision on a proposed hike to the minimum wage pending another study to arrive atan ”appropriate” figure.

PM: Yuan should replace dollar

Prime Minister Abhisit Vejjajiva said on Friday he has proposed the use of China’s yuan currency instead of the US dollar as the standard in Asia to the Asian Development Bank (ADB).

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