APEC 2017: ADB expert highlights APEC role in world trade liberalisation
“At a time when there appears to be a backlash against globalisation, with rising protectionism pressures throughout the world, institutions such as World Trade Organisation and APEC have an even more important role to play in ensuring the world trading system remains free and open,” Menon said in a recent interview with China’s Xinhua News Agency.
In a study titled "the Asian Economic Integration Report 2017," the ADB examines recent regional integration trends and says that growing trade and investment linkages in Asia and the Pacific help improve the region's economic resilience to uncertainties in the global economic and trade policy environment.
Attention has now shifted to the Regional Comprehensive Economic Partnership (RCEP) free trade agreement that the 10 member states of the Association of Southeast Asian Nations (ASEAN) and its dialogue partners are hoping to establish in the next couple of years, he said.
Once RCEP is established, he said the next step would be to broaden it towards greater regional economic integration through the Free Trade Agreement in the Asia-Pacific (FTAAP) that includes all 21 economies of APEC.
Related News
Vietnam Customs attends first meeting of APEC Sub-Committee on Customs Procedures
12:04 | 06/03/2024 Customs
Building smart customs at international seaports
16:23 | 20/12/2023 Customs
The 30th APEC Finance Ministers' Conference was a great success
15:08 | 17/11/2023 Finance
ADB: Vietnam's GDP growth forecast in 2023 is only 5.8%
19:01 | 23/07/2023 Headlines
Latest News
Improve processes and enhance experience to rebuild trust in life insurance
20:25 | 17/05/2024 Finance
PM chairs meeting on fiscal, monetary policy management
20:20 | 17/05/2024 Finance
Many tax management solutions for e-commerce
10:01 | 16/05/2024 Finance
Completely resolve problems and accelerate public investment disbursement
14:41 | 15/05/2024 Finance
More News
Tax, land rent payment deadlines to be extended this year
14:21 | 15/05/2024 Finance
Tax compliance management in the digital economy
11:32 | 15/05/2024 Finance
Hai Phong: Budget revenue reached more than VND40,000 billion
13:57 | 14/05/2024 Finance
Price adjustment should be in implemented in appropriate time to control inflation
13:56 | 14/05/2024 Finance
Fiscal policy is expanded and flexible to promote economic growth 2024
13:28 | 13/05/2024 Finance
Closely follow the situation, research and propose many solutions about taxes and fees to support the economy
08:16 | 12/05/2024 Finance
Prevent corruption and group interests in developing financial laws
10:07 | 11/05/2024 Finance
"Creativity in revenue collection to achieve set goals in difficult contexts"
14:55 | 10/05/2024 Finance
Strive to effectively implement Global Minimum Tax in Vietnam
10:22 | 10/05/2024 Finance
Your care
Improve processes and enhance experience to rebuild trust in life insurance
20:25 | 17/05/2024 Finance
PM chairs meeting on fiscal, monetary policy management
20:20 | 17/05/2024 Finance
Many tax management solutions for e-commerce
10:01 | 16/05/2024 Finance
Completely resolve problems and accelerate public investment disbursement
14:41 | 15/05/2024 Finance
Tax, land rent payment deadlines to be extended this year
14:21 | 15/05/2024 Finance