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Thailand and the United Arab Emirates (UAE) have announced the launch of their first free trade agreement (FTA). The agreement aims to create new opportunities for trade, services and investment between Thailand and the UAE, aiming to grow bilateral trade by 10% in the first year of the pact's implementation.
Leaders of member states of the Association of Southeast Asian Nations (ASEAN) affirmed their determination to turn Southeast Asia into a centre of regional economic growth and an engine for global growth through robust cooperation.
The cabinet has approved Asean's joint plans to push for the use of local currencies for payments in the region.
Southeast Asian leaders are set to confront glaring threats and issues during a summit at the tropical getaway resort of Labuan Bajo
The G20 members represent around 85 per cent of global GDP, over 75 per cent of global trade, and about two-thirds of the world's population