Illustrative image (Source: Internet) Bangkok (NNT/VNA) - The Thai Ministryof Commerce continued to penetrate the Japanese market by organising a seminaron the Thai-Japanese Strategic Economic Partnership through the free tradeagreement (FTA), seeking to expand trade between both countries. The trade value between the two countries was over 54 billion USD in 2017. At the seminar, the Deputy Minister ofCommerce, Chutima Bunyapraphasara, delivered a lecture on trade and investmentopportunities on the Thai-Japanese Strategic Economic Partnership. Ms. Chutima said Thailand has currentlydeveloped a mechanism for economic cooperation with Japan in terms of tradeliberalisation and development of economic cooperation at various levels,namely the ASEAN-Japan Comprehensive Economic Partnership Agreement (AJCEP) andthe Japan-Thailand Economic Partnership Agreement (JTEPA). These agreements will allow Thaientrepreneurs to invest in hospitality businesses in Japan. Meanwhile, … [Read more...] about Seminar on Thai-Japanese Strategic Economic Partnership through FTA
Asean japan comprehensive economic partnership
ASEAN-Japan boost comprehensive cooperation
(VOVworld) - Within the framework of the 48th ASEAN Economic Ministers’ Meeting (AEM 48) and related meetings, Economic Ministers from the ten ASEAN Member States and the Minister of Economy, Trade and Industry (METI) of Japan met on Saturday, in Vientiane, Lao. Laos Minister of Industry and Commerce Khemmany Pholsena chaired the meeting. Vietnam’s delegation led by Deputy Minister of Industry and Trade Nguyen Cam Tu participated at the meeting. The Ministers welcomed the conclusion of the negotiations on Trade in Services including the Financial and Telecommunication annexes and Movement of Natural Persons (MNP) Chapters as well as the investment negotiation under the ASEAN-Japan Comprehensive Economic Partnership (AJCEP) Agreement. The Ministers look forward to the implementation of the outcomes of the negotiations. The Ministers noted the on-going efforts to improve the implementation of the AJCEP Agreement. … [Read more...] about ASEAN-Japan boost comprehensive cooperation
ASEAN, Japan form partnership
ASEAN, Japan form partnership (02-04-2008) New pact will boost trade, investment between Japan and ASEAN. Vietnamese Minister of Trade and Industry Vu Huy Hoang and Japanese Ambassador Sakaba Mitsuo sign the ASEAN-Japan Comprehensive Economic Partnership Agreement in Ha Noi yesterday. — VNA/VNS Photo Tran Viet Ha Noi — The 10-member Association of Southeast Asian Nations (ASEAN) and Japan signed the ASEAN-Japan Comprehensive Economic Partnership Agreement (AJCEP) in Ha Noi yesterday. The pact was inked by Vietnamese Minister of Trade and Industry Vu Huy Hoang, who represents the Vietnamese Government, and ASEAN embassies in Ha Noi, and Japanese Ambassador to Viet Nam Sakaba Mitsuo. "AJCEP will provide momentum for bolstering investment and trade between Japan and ASEAN," Japanese Ambassador Sakaba Mitsuo said. The Japanese diplomat also said he expected AJCEP to forge a large, effective market and economic links between Japan and the Southeast Asian region. … [Read more...] about ASEAN, Japan form partnership
ASEAN-Japan Business Meeting: Toward New Economic Growth Strategy
th ASEAN-Japan Business Meeting (AJBM), themed "Strengthening the effectiveness of ASEAN and Japan cooperation - Toward a new economic growth strategy" has been jointly held by the Vietnam Chamber of Commerce and Industry (VCCI) and the Keizai Doyukai (Japan Association of Corporate Executives) in Ho Chi Minh City, drawing the participation of more than 100 delegates from Japan and ASEAN countries and over 300 business leaders in Vietnam. Lecturers who are executives of leading corporations in Japan and ASEAN countries briefed current economic development in their countries, in the region and in the world. Business leaders from Vietnam, Japan and other ASEAN countries met and exchange viewpoints on matters of common concerns to boost economic cooperation effectiveness between ASEAN and Japan in the context of global and regional economic fluctuations caused by the global economic crisis. The meeting actually became an opportunity for business communities in ASEAN, including Vietnam, … [Read more...] about ASEAN-Japan Business Meeting: Toward New Economic Growth Strategy
Cars imported from Japan enjoy lower tariffs
Many automobiles imported from Japan will enjoy lower import taxes, according to the new special preferential import tariffs announced by the Ministry of Finance in the implementation of the ASEAN-Japan Comprehensive Economic Partnership Agreement (AJCEF) in the 2012-2015 period. Import tariffs levied on passenger vehicles and ambulances drop to 5 percent from 6 percent, while buses and minibuses are now subject to a mere 5 percent tax from the current 70 percent. Many imported automobile spare parts also enjoy tax cut ranging from 3 to 22.5 percentage points. The new import tariffs are only applicable to automobiles shipped directly from Japan to Vietnam, with proper certification of product origin. Under the AJCEF, a number of other goods will also enjoy tax reduction for the next two to three years. Taxes on electronic goods will be axed from 5 to 2.5 percent in 2014, and several types of digital cameras will even be free from the import tax. Tariffs imposed on several … [Read more...] about Cars imported from Japan enjoy lower tariffs