Media a key RCEP information source: Phnom Penh Post CEO
The 15 signatories of the RCEP account for about 30 per cent of the world’s population and 30 per cent of global GDP.
The 15 signatories of the RCEP account for about 30 per cent of the world’s population and 30 per cent of global GDP.
"India is trying to resolve the energy issue. Russia offered energy and wheat to Bangladesh. But we cannot do the same in fear of sanctions," Momen said.
Apart from increasing fiscal and financial support for foreign trade enterprises, the country will also seek to bolster cross-border e-commerce.
Malaysia imports nearly 60 per cent of its food needs with its dependence on imports totaling over RM50 billion yearly.
Services for key foreign trade enterprises will be enhanced, measures will be put in place to ensure unimpeded logistics for foreign trade cargos, among others.
He also said that Cambodia “made great strides to open up its economy and engaged with new markets” by signing free trade agreements (FTA) with China and South Korea.
Union Minister for Consumer Affairs & Food and Public Distribution Piyush Goyal also said severe heat waves have led to an early harvest and the loss of production.
The world's largest sugar producer and number two exporter after Brazil said shipments would be limited to 10 million tonnes for the current marketing year to September.
Russia’s trade minister said the West’s economic boycott would prompt his country to expand markets in Asia and give Thailand the opportunity to bag a bigger share in Russia.
While Cambodia has implemented important policies for economic recovery, the Ukraine conflict could pose a problem to growth.