Thailand to promote bio-circular-green economy model at APEC 2022
Thailand aims to inspire the 21 Asia Pacific Economic Cooperation (APEC) economies with a new business code of conduct that embraces the Bio-Circular-Green (BCG) economy model.
Hanoi (VNA) - Thailand aims to inspire the 21Asia Pacific Economic Cooperation (APEC) economies with a new business code ofconduct that embraces the Bio-Circular-Green (BCG) economy model.
The local e-newspaper The Nation Thailand quoted CherdchaiChaivaivid, director-general of the Department of International EconomicAffairs and Thailand's APEC senior official, Foreign Affairs Ministry, as saying that the upcoming APEC Summit in 2022 will take place in the midst of a globaleconomic recession and serious geopolitical tensions.
Despite these unfavourable possibilities, Cherdchai statedthat Thailand is committed to achieving the Bangkok Goal Declaration on the BCGeconomy.
According to him, the focus of this declaration would be theBCG economy model. It will serve as the business code of conduct for the 21 APECmembers in terms of trade and investment.
He explained that the declaration will be highlighted infour agenda items on dealing with the climate change consequences; beingenvironmentally responsible in order to ensure long-term sustainability; seriousconservation of natural resources and their efficient use; and businessmanagement with little or zero waste.
The official believed that APEC leaders will support the declaration as the environment and climate change are now urgent global issues./.
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The Thai cabinet has declared three extra holidays for residents in Bangkok, and Nonthaburi and Samut Prakan provinces to reduce traffic congestion when Bangkok hosts the Asia-Pacific Economic Cooperation (APEC) Economic Leaders' Meeting next month.
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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).
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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.
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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.
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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.
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Malaysia’s gross expenditure on R&D (GERD) reached 1.01% of gross domestic product in 2022, a notable increase, with more than 51% contributed by the industry sector. The country is targeting GERD to reach 2.5% by 2030, in line with the national goal of transforming into a high-technology nation.
