World

RCEP takes effect for Indonesia

The Regional Comprehensive Economic Partnership (RCEP) agreement officially took effect for Indonesia on January 2, with the country putting new regulations in place for its trade with other members of the world's largest free trade deal.
RCEP takes effect for Indonesia ảnh 1Illustrative image (Photo: asean.org)
Hanoi (VNA) - The Regional Comprehensive Economic Partnership (RCEP)agreement officially took effect for Indonesia on January 2, with the countryputting new regulations in place for its trade with other members of theworld's largest free trade deal.

So far, the free trade pact that entered into force onJanuary 1, 2022 has become effective in 14 out of its 15 members, which include10 member states of the Association of Southeast Asian Nations (ASEAN) andtheir five trading partners, namely China, Japan, the Republic of Korea, Australia,and New Zealand. ASEAN groups Brunei, Cambodia, Indonesia, Laos, Malaysia,Myanmar, the Philippines, Singapore, Thailand and Vietnam.

Indonesia's new regulations on origin of goods and issuingdocuments of origin for goods exported from it have been in place starting fromJanuary 2, as part of implementing this agreement.

Trade Minister Zulkifli Hasan said in a press release onDecember 30, 2022, that the new regulations specify the procedure of obtainingcertificates of origin for goods exported from the Southeast Asian country.

The business sectors in Indonesia can also choose betweenthe two types of document, namely a certificate of origin and a declaration of origin, to claim preferential rates, he said, adding that both documents can be issued independently./.
VNA
#Regional Comprehensive Economic Partnership#RCEP#Indonesia#Vietnam#Vietnamplus#Vietnam News Agency
Follow VietnamPlus

Related News

RCEP expected to increase regional trade volume by 40 billion USD

RCEP expected to increase regional trade volume by 40 billion USD

Some studies by major international institutions have shown that a full-pledged implementation of the Regional Comprehensive Economic Partnership Agreement will boost trade volume by around 40 billion USD, Cambodian Prime Minister Samdech Techo Hun Sen has said.
Vietnam urges RECP member economies to fully implement commitment

Vietnam urges RECP member economies to fully implement commitment

Given current regional and international situation, Regional Comprehensive Economic Partnership (RCEP) member economies should continue to strengthen trust and cooperation, and fully and effectively implement agreements and commitments, Deputy Prime Minister Le Van Thanh said in a pre-recorded speech at the High-level Forum entitled “RCEP Spurs Higher-level Opening up” on November 5.
RCEP to help boost Vietnam’s engagement in supply chains: Report

RCEP to help boost Vietnam’s engagement in supply chains: Report

A report on the Regional Comprehensive Economic Partnership (RCEP)’s impacts on the shaping of supply chains in Vietnam was released by the National Centre for Socio-Economic Information and Forecast (NCIF) and Konrad-Adenauer-Stiftung Vietnam on November 10.

See more

At Pulau Seraya power station (Photo: Straitimes)

Singapore begins construction on hydrogen-fueled power plant

Singapore on October 23 began the construction of an 800 million USD power plant that has the capability to use hydrogen to generate electricity, as part of a push to utilise the fuel to reach Singapore’s net-zero carbon emissions target by 2050.

Delegates at the event (Photo: VNA)

125th anniversary of Permanent Court of Arbitration celebrated

The Permanent Mission of Vietnam to the United Nations and missions of the Philippines, Australia, Egypt, Guatemala, Hungary, Thailand, France, Eritrea and Austria, organised a ceremony on October 22 to celebrate the 125th anniversary of the Permanent Court of Arbitration (PCA), as part of the International Law Week at the UN General Assembly's Legal Committee (Sixth Committee).

CEO of the Malaysia Digital Economy Corporation Anuar Fariz Fadzil (Photo: focusmalaysia.my)

Malaysia continues placing emphasis on digitalisation

The Budget 2025 provides significant support to further accelerate Malaysia’s digitalisation, encourage adoption of artificial intelligence (AI) and drive inclusive growth, further positioning Malaysia as a leading digital hub within the ASEAN region, according to CEO of the Malaysia Digital Economy Corporation (MDEC) Anuar Fariz Fadzil.

Malaysia's economic reforms boost investment inflow (Photo: thestar.com.my)

Malaysia's economic reforms boost investment inflow

Malaysia has attracted substantial foreign investments, reaching 22.2 billion MYR (5.16 billion USD) in the third quarter of 2024, the highest level for the same period since 2012, according to UOB's Global Markets and Economics report.

Ambassador Dang Hoang Giang, Permanent Representative of Vietnam to the UN speaks at the debate (Photo: VNA)

Maintaining peace, stability a must for progress on human rights: Ambassador

Progress in human rights can only be achieved by maintaining peace and stability, respecting the rule of law at both the international and national levels, and ensuring respect for the principles of national sovereignty and non-interference in internal affairs, said Ambassador Dang Hoang Giang, Permanent Representative of Vietnam to the UN.

A visitor browses travel promotions at a travel fair in Nonthaburi province. (Photo: Bangkok Post)

Thailand plans enhanced support for domestic tourism

Thailand’s Ministry of Tourism and Sports is aiming to increase subsidy to local tourists in the upcoming stimulus scheme to 50% and would like to change the criteria for online travel agents, mandating them to register in Thailand to avoid losing income to foreign companies.

Oil field offshore Indonesia. (Photo: thejakartapost.com)

Indonesia begins major oil, gas exploration in Sulawesi

Indonesia's state-owned oil company Pertamina, along with foreign partners Sinopec from China and Kuwait’s Kufpec, has signed a contract to explore the Melati oil and gas block, located off the coast of Sulawesi. The block is estimated to contain trillions of cubic feet of gas reserves.