Korea and Chile will launch another round of talks on upgrading their bilateral free trade agreement (FTA) in response to changing global trade circumstances, Seoul's industry ministry said Wednesday.

The South Asian Association for Regional Cooperation (SAARC) is in hibernation now and it can only be restored with many changes, Indian trade and connectivity expert Dr Prabir De has said.

Textile and garment exports for the whole year are expected to earn 40.3 billion USD. The industry's export target for 2024 is 44 billion USD.

The US and China this week are pitching rival visions of what constitutes a resilient and sustainable supply chain, marking the latest chapter in their fierce competition to assert a global trading system built around their respective economic needs.

Vietnamese exporters are now facing various trade defense instruments from the US and EU, asking them to be well-prepared to succeed in international markets.

Deputy Director of the Vietnam Trade Promotion Agency (Vietrade) under the Ministry of Industry and Trade Le Hoang Tai and Pascale Delcomminette, CEO of Belgium’s Wallonia Foreign Trade and Investment Agency (AWEX), on November 27 signed a letter of intent (LOI) to initiate cooperation in trade promotion between the two sides.

The Vietnam-Eurasia Trade Forum themed “Adapt to the Market Context, Unleash Potential” was held in Hanoi on November 24.

An online workshop discussing measures to further promote the export of potential products to Africa and the Middle East was held by the Ministry of Industry and Trade (MoIT)’s Vietnam Trade Promotion Agency on November 23.

The UK and Việt Nam already have a separate free trade agreement – the UKVFTA – in place but CPTPP will add benefits to bilateral trade and investment.

Along with the growth of Vietnam's export turnover to the United States, the frequency of trade defence cases against Vietnam's exports in this market is increasing.