A Free Trade Agreement is the next frontier in the India-US relationship, the head of a top India-centric business advocacy group has said, stressing that it is not tenable for the two largest economies of the world to not have a trade architecture in place between them, though its path is riddled with "all kinds of obstacles".

The monthly fruit and vegetables export turnover of each market in the first seven months of 2021 shows a significant downward trend in the Chinese market. From April 2021 to July 2021, Vietnam's fruit and vegetables export turnover to China continuously decreased, by an average of 15% per month.

Member enterprises of the Sakai Chamber of Commerce and Industry (SCCI) doing business in Vietnam have made good evaluations about the country and expressed their wish to expand investment there, SCCI Chairman Kazumasa Kuzumura has said.

Vietnam Chamber of Commerce and Industry (VCCI) said the Customs development strategy for the 2021-2030 period is a must, that not only meets the country’s development requirements but also boost international integration.

Vietnam has great opportunities to export rice, fruit and other agricultural products to the UK, one of the 10 largest markets in the world, with an annual food import turnover of more than US$65 billion.

The Vietnam-Australia trade posted growth in 2021 despite the impact of COVID-19, Director of the Asia-Africa Market Department under the Ministry of Industry and Trade (MoIT) Le Hoang Oanh has said.

Vietnam’s GDP is expected to expand by about 4.8% in 2021, and the economy could converge toward the pre-pandemic GDP growth rate of 6.5 to 7% from 2022 onward, the World Bank has forecast.

The East Asia and Pacific region's recovery has been undermined by the spread of the Covid-19 Delta variant, which is likely slowing economic growth and increasing inequality in the region, the World Bank said on Monday.

China remained on course to be more than 30 per cent short of its 2021 commitments under the phase-one trade deal with the United States.

The UK is kicking off its first negotiation meeting with all 11 members of CPTPP - a major trans-Pacific bloc which includes Canada, Japan, Mexico and Australia.