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Archive for the ‘Southeast Asia’ Category

Malaysia’s June Trade Data Reports 1.3% Growth, Driven by Mineral Fuels

International Trade, News, Southeast Asia

July 26, 2024

The International Trade Council has released Malaysia’s trade figures for June, showing a 1.3% increase in overall trade activity. This growth is primarily attributed to a rise in the export unit value index, which increased by 0.6% from the previous month. Key contributors to this increase include mineral fuels (+2.4%), food (+1.2%), and machinery & […]

Regional Expansion Strategy to Boost Malaysian Sugar Exports

Agricultural Development, News, Southeast Asia

July 23, 2024

The International Trade Council has announced an exciting new development aimed at enhancing India’s agricultural export capabilities. A call for bids has been issued for a state-of-the-art processing and storage facility designed to improve the quality and extend the shelf life of agricultural products, with the goal of increasing export volumes.   This advanced facility […]

Penang Leads Malaysia’s Export Growth

International Trade, News, Southeast Asia

July 22, 2024

Penang continues to lead Malaysia’s export sector, achieving RM177.99 billion in exports from January to May this year. This marks a 3.9 percent increase compared to the same period last year, according to Penang’s Chief Minister.   Penang’s export performance solidifies its position as Malaysia’s top exporter, contributing 30.5 percent of the nation’s total exports […]

Bangladesh Plans Shift from Rice Imports to Exports, Says Food Minister

Agriculture and Food Trade, News, Southeast Asia

July 8, 2024

Bangladesh’s Food Minister, Sadhan Chandra Majumder, announced that the country will focus on exporting rice instead of importing it in the future.   “In the past two years, our government has refrained from importing rice, and this year, there is no necessity for rice imports,” he stated during the inauguration of the Agriculture Technology Fair-2024 […]

Australia Launches $1.3 Billion Fund to Enhance Trade with Southeast Asia

Australia, International Trade, News, Southeast Asia

March 5, 2024

Australia has announced plans to establish a significant finance facility worth A$2 billion ($1.3 billion) aimed at boosting trade and investment in Southeast Asia, demonstrating its commitment to strengthening ties with the ASEAN bloc, which stands as the country’s second-largest two-way trading partner.   Treasurer Jim Chalmers emphasized the importance of the region, stating, “Our […]

Australia’s Maritime Security Initiative Elevates Trade Confidence in Southeast Asia

Australia, International Trade, News, Southeast Asia

March 3, 2024

Australia’s recent announcement of increased funding for maritime security initiatives in collaboration with ASEAN countries holds significant implications for regional trade dynamics.   During a crucial summit with the Southeast Asian bloc, Australia unveiled a substantial investment of A$64 million ($41.8 million) over four years, including A$40 million in new funding. This infusion of resources […]

Cambodia’s Trade Value Registers Nearly $32 Billion in First Eight Months of 2023

International Trade, News, Southeast Asia

September 15, 2023

Cambodian Trade Experiences a 14.5% Decline Compared to Last Year Despite Minor Gains in Exports   The International Trade Council reports that Cambodia’s total trade volume for the first eight months of 2023 stands at nearly $32 billion, showing a 14.5% drop compared to the same timeframe last year. This decline comes despite a modest […]

International Trade Council Welcomes Canada’s Forthcoming Strategic Partnership with ASEAN

News, Southeast Asia, Trade Agreements

September 4, 2023

The International Trade Council warmly acknowledges the impending strategic partnership between Canada and the Association of Southeast Asian Nations (ASEAN). This significant move is set to be formalized during Prime Minister Justin Trudeau’s upcoming visit to Indonesia, where he will meet with Indonesian President Joko Widodo among other dignitaries. The forthcoming partnership underscores Canada’s increasingly […]

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