THE TRUMP administration is said to be trying to avoid reducing tariffs on medical imports from China amid the coronavirus pandemic.

The World Trade Organization (WTO) Director General Roberto Azevedo warned on Thursday that the world is leading up to an economic crisis worse than that of 2008, due to the Covid-19 pandemic.

ASEAN sacrifices advantages of economic integration to block contagion.

The Asian Development Bank (ADB) forecast Cambodia will lose more than US$390 million due to the economic impact of the novel coronavirus disease (COVID-19) outbreak this year, the Phnom Penh Post reported.

The quarterly plunge in Singapore’s GDP was worse than the median forecast of an 8.2% decline in a Bloomberg survey of economists.

The European Union – Vietnam Free Trade Agreement (EVFTA) is like an “expressway” connecting Vietnam and Europe that will speed up trade and investment cooperation between the two sides, said experts.

According to the Ministry of Industry and Trade, as the EU has closed borders, consumption demand of Vietnam's main export products like textiles, footwear, furniture and phones will likely decline.

Vietnam is in need of major investors in fruit and vegetable production in order to boost processing, especially in the packaging and post-processing stages, to preserve products for longer and enhance their value.

The Managing Director of the International Monetary Fund (IMF), at a virtual meeting with G20 members, forecast that global economic growth this year would be negative, Finance Minister Sri Mulyani Indrawati stated.

With Việt Nam’s main agro-forestry and fisheries export markets after China such as the US and Europe being hit by the new coronavirus (Covid-19) pandemic, Vietnamese exporters are suffering.