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🇻🇳 Vietnamese President stresses Vietnam's climate action commitment at APEC leaders' dialogue with guests Vietnamese President Vo Van...

The recently launched e-Conomy SEA 2023 by Google, Temasek, and Bain & Company highlighted the opportunities of ASEAN’s digital economy. It reported that the digital economy in six ASEAN Member States (AMS), namely Indonesia, Malaysia, Philippines, Singapore, Thailand, and Vietnam, is set to deliver USD 100 billion in revenue with growth of 27% CAGR since 2021 and Gross Merchandise Value (GMV) is expected to grow by 11% to USD 218 Billion in 2023. To further strengthen digita

Background: Charter Change, known locally as "Cha-Cha," refers to the process of amending the Constitution of the Philippines. The...

🇵🇭 Philippine economy grows at forecast-beating 5.9% in third quarter The Philippine economy grew at a forecast-beating 5.9% in the...

Singapore, 16 October 2023 – With World Food Day being recognized globally today, an alliance of regional associations is marking the...

ASEAN continues to be a competitive economic region with a conducive business environment offering enormous opportunities for growth and development. After having experienced growth rate of 5.7% in 2022, the Asian Development Bank (ADB) estimates that the ASEAN economy will grow by 4.6% in 2023 and 4.8% in 2024. The latest ADB Asian Development Outlook released in September 2023 highlights robust domestic demand and consistent recovery in the services sector, especially touri

The Canada-ASEAN Business Council (CABC) attended this year's 55th ASEAN Economic Ministers’ (AEM) Meeting and Related Meetings in...

The ASEAN Economic Community (AEC) 2025 Blueprint envisions to create a deeply integrated and highly cohesive ASEAN economy, among others, to facilitate the seamless movement of goods within ASEAN in order to enhance ASEAN’s trade and production network. To further boost this effort, ASEAN is upgrading the ASEAN Trade in Goods Agreement (ATIGA) to include provisions to facilitate trade including the elimination and prevention of the use of non-tariff barriers, address impleme

On August 20, 2023, the 12th AEM-Canada Consultation took place, with H.E. Zulkifli Hasan, the Minister of Trade from the Republic of...

A Food Contact Material is defined as any substance or material that comes into contact with food as part of packaging, holding, or processing, but is not intended to be added directly to, become component, or have a technical effect in or on the food. Food contact materials are one of priority issues discussed by the Prepared Foodstuffs Product Working Group (PFPWG) established by ASEAN Consultative Committee on Standards and Quality (ACCSQ) to enhance food safety across the

July 13, 2023 Jakarta, Indonesia The Honourable Mélanie Joly has reaffirmed Canada's unwavering support for ASEAN centrality during the...

The role and contribution of MSMEs are crucial to support ASEAN’s transition to a more sustainable economy. MSMEs are the backbone of the ASEAN Economy, making up 85% of employment and contributing 44.5% to GDP in the region. MSMEs can support ASEAN Member States (AMS) in their sustainability efforts by reducing carbon emissions of their business activities and developing new products or services that contribute to climate mitigation and adaptation. At the same time, involvin

Green Taxonomy is an economic activity classification that supports environmental protection and management efforts, as well as mitigation and adaptation to climate change. Green Taxonomy plays an important role in driving investments to accelerate the transition towards the green economy. Indonesia, Malaysia, the Philippines, Singapore, Thailand, and Viet Nam have started the journey in developing their national taxonomy to enable a just transition towards sustainable econom

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By the Government of Canada, February 2023. Southeast Asia's education systems, while at different stages of development, face similar...

ASEAN remains to be a compelling destination for digital start-ups and investors.

ASEAN is consistently striving to achieve its “Global ASEAN” objective by continuing to proactively embark on initiatives that would deepen and broaden its economic community building. This effort is being realised, among others, through pursuing stronger trade linkages with ASEAN external partners, such as by upgrading free trade agreements to remain relevant and exploring new trade agreements. One such example is the ASEAN – Hong Kong, China (HKC) Free Trade Agreement (AHKF

Agriculture is one of the key industries in ASEAN, with 8 out of 10 ASEAN Member States (AMS) dependent on the agricultural industry. ASEAN is a major producer and exporter of palm oil, crude rubber, rice, sugar, seafood, and fruits. In 2021, the region produced 150,43 million tons of rice, 42,08 million tons of maise, 14,29 million tons of sugar, and 0,74 million tons of soybean. However, the agriculture sector has been perceived as one of the drivers of land degradation and

ASEAN is continuously gearing toward further economic development while remaining committed to the Paris Agreement. All ASEAN Member States (AMS) have a strong commitment to reduce carbon and GHG emissions and accelerate the energy transition by setting more aggressive targets. The Monetary Authority of Singapore (MAS) estimated that USD 200 billions of green investment is needed in ASEAN per year until 2030 to finance green initiatives in the region. However, investments rem

Cross-border retail payment is a payment involving payors and payees located in different jurisdictions which could have specialised processes and different currencies. A seamless cross-border digital payments connectivity can lower cost of services, boost financial inclusion, and encourage the use of local currencies in the settlement of cross-border transaction; hence, it is becoming increasingly relevant in ASEAN to facilitate trade and to unlock the potential of crossbord