Indonesia hosts workshop on Asia’s economic-trade policies
Priorities in Asia’s trade and economic policies in 2020 were the focus of a workshop which was held late October in Jakarta, Indonesia, attracting the participation of Indonesian and foreign economists and scholars, besides Indonesian policy makers and foreign diplomats.
Speakers at the recent workshop on Asia's trade and economic priorities in Jakarta, Indonesia (Photo: VNA)
Jakarta (VNA) – Priorities in Asia’s trade and economic policies in 2020were the focus of a workshop which was held late October in Jakarta, Indonesia,attracting the participation of Indonesian and foreign economists and scholars,besides Indonesian policy makers and foreign diplomats.
Jointly organized by the Indonesian Bureau of Economic Research and the Asian Bureau of Economic Research,the event aimed to collect opinions concerning economic and trade policies inAsia, towards addressing difficulties and challenges facing the Asian economyin the context of the US-China trade war, which affects supply chains as wellas damages transnational trade and finance flows.
Itincluded three sessions, during which participants pointed out risks facing theAsian economy, assessed the efficiency of global and Asian trading systems,thus proposing correcting solutions to make all operations run better.
A session focused on issued related to infrastructure development, investmentand digital economy.
Speaking at the event, Perry Warjyo, Governor of Indonesia’s central bank said Indonesiaand other Asian countries are facing at least three major issues, which are aslowdown of the global economy, the effectiveness of monetary policies dependingon interest rates and digitization, and economic and financial transformation.
Experts at the event agreed that Asian governments and central banks often relyon monetary and fiscal policies to deal with external risks that they face.
Indonesiaand other Asian economies must improve their global safety network so they canprovide enough liquidity during a crisis, they noted./.
Member countries of ASEAN need to give priority to promoting ASEAN Economic Community 2025 (AEC2025) and concluding Regional Comprehensive Economic Partnership (RCEP) negotiations to deal with economic headwinds in 2019, according to a recent article on the website //www.eurasiareview.com.
Singapore is the world’s leading competitive economy in 2019, according to the annual rankings announced by the International Institute for Management Development on May 29.
Southeast Asian economies will likely face continued external headwinds in the remaining months of 2019 as the US-China trade tensions weigh on the region, according to Nikkei Asia Review of Japan.
The Asian Economic Forum 2019 opened in Singapore on August 29 with the participation of more than 150 experts, scholars and representatives from 10 ASEAN member countries and other nations.
The 10th Asian Business Summit (ABS) in Hanoi on October 17 adopted a joint statement on a super connected Asia for sustainable development, showing the Asian business community’s commitment to the goal of inclusive, sustainable and prosperous development.
Total trade between Indonesia and New Zealand in the first half of 2025 reached 963.23 million USD, an increase of 21.56% compared to 792.39 million USD in the same period last year. Of this amount, Indonesia's exports to New Zealand totaled 374.89 million USD, while imports 588.35 million USD
Malaysia, as ASEAN 2025 Chair, marked the bloc’s 58th founding anniversary on August 8 with a vibrant celebration in Cyberjaya, blending an official ceremony with a colorful cultural festival.
Vietnam plays an important role in Southeast Asia’s economic growth and is a key partner of her country in realising the shared vision of a peaceful, stable, and prosperous region, said Robyn Mudie, First Assistant Secretary of Office of Southeast Asia (OSA) – Southeast Asia Regional and Mainland Division at Australia’s Department of Foreign Affairs and Trade (DFAT).
The 2025 ASEAN Business Community Development (ABCD) Forum, themed “Empowering ASEAN's Next Leap: Digital, Sustainable & Entrepreneurial Transformation” brought together ministers, CEOs, and top industry experts to discuss key regional economic priorities.
The DES Ministry will seek cooperation from social media platforms to prevent the spread of fake news and monitor accounts related to such activities, he told reporters after chairing a meeting of the newly established Anti-Fake News Centre (AFNC).
The Joint Standing Committee on Commerce, Industry and Banking identified the US tariff reduction as a significant driver behind the improved economic outlook for Thailand.
Financial institutions and financial technology (fintech) players are intensifying their focus on expanding across the Association of Southeast Asian Nations (ASEAN), adopting tailored strategies to strengthen their presence in the region’s digital financial services landscape.
Featuring a permanent exhibition area, the ASEAN Hall will function both as a cultural showcase and as a dynamic venue for ASEAN-related events and programmes. Its inauguration on ASEAN Day added symbolic weight, marking a fresh milestone in ASEAN–RoK relations.
Thailand’s Ministry of Commerce and rice exporters are devising strategic plans to boost rice exports amid global market fluctuations, focusing on key markets and adjusting output.
The focus of the upcoming ASEAN Summit in October will be on strengthening economic relations through intra-regional trade and investment, as well as regional initiatives on energy networks and connectivity.
Indonesian Ambassador Rina P. Soemarno, who currently serves as Chair of the ASEAN Committee in Prague, emphasised the spirit of regional solidarity and cooperation, and the importance of enhancing ASEAN–Czech Republic relations.
The Indonesian Government is determined to seize opportunities to enhance the competitiveness of national agricultural products, an official has said, adding that it always strives to promote exports at the highest possible level, based on a mutually beneficial foundation.
Finance Minister Pichai Chunhavajira has outlined a six-point strategy to promote innovation, support small and medium-sized enterprises (SMEs), and push for Thailand's removal from the US Trade Representative (USTR)’s special 301 Watch List regarding intellectual property rights protection among trading partners.
Vietnamese Ambassador to Israel Ly Duc Trung emphasised ASEAN’s central role in regional mechanisms such as the ASEAN Regional Forum (ARF) and the East Asia Summit (EAS), highlighting its significant contribution to promoting peace, stability, and prosperity in Southeast Asia.
The consumer index of the University of the Thai Chamber of Commerce (UTCC), fell to 51.7 in July from 52.7 in the previous month. The sluggish economy and the trade war, as well as high living costs, continue to undermine confidence, the university said.
Deputy Speaker of the Hungarian National Assembly Istvan Jakab expressed his hope for further deepening Hungary’s ties with ASEAN countries and called for their support for Hungary’s accession to the Treaty of Amity and Cooperation in Southeast Asia.
The 30-storey tower crumbled seconds after a 7.7-magnitude earthquake hit neighbouring Myanmar on March 28. The partially built high-rise, meant to house the State Audit Office (SAO), was the only building in Thailand to collapse, killing 89 people on the site, mostly construction workers.
Indonesia’s waste generation is projected to exceed 50 million tonnes in 2025. Of the total, more than 20 million tonnes could potentially enter the ocean through rivers, coastal areas, small islands, ports, and marine activities, and thereby, pose a risk to coastal ecosystems and marine biota.
Indonesia is accelerating plans to increase lithium imports, particularly from Australia, in a bid to fill gaps in the electric vehicle (EV) battery supply chain and realise its ambition of becoming a global EV manufacturing hub.
Speakers at the recent workshop on Asia's trade and economic priorities in Jakarta, Indonesia (Photo: VNA) 
