China has asked the European Union to justify its incoming carbon border tax at the World Trade Organization (WTO). The move suggests the Asian country may challenge the new legislation at Geneva’s trade courts.

Vietnam is striving to lure more Japanese investments to digital transformation and green growth, as recommended in the Vietnam-Japan Joint Initiative (VJI).

According to the Ministry of Industry and Trade, Vietnam's trade balance in February 2023 continued to have a surplus of USD 2.3 billion, bringing the total trade deficit in the first two months of the year to USD 2.82 billion

According to data from the National Bureau of Statistics of China, China’s GDP grew by only 3 per cent in 2022, compared with 8.4 per cent in 2021, a decline that left growth well short of expectations.

In 2023, although difficulties are forecast, the shrimp industry in the whole country still sets a target of 750,000 ha of shrimp farming area, shrimp production of over 1 million tons (of which black tiger shrimp 280,000 tons, white leg shrimp 750,000 tons, the rest are giant freshwater shrimp and other shrimp) and export turnover of over 4.3 billion USD.

Taiwan President Tsai Ing-wen on Monday called on Britain to support its bid to join a major pan-Pacific free trade pact which London has also applied to enter.

The UAE and Georgia have agreed a new trade deal which will see the reduction of tariffs and the removal of other barriers as the two countries seek to boost economic ties.

Indian high commissioner to Bangladesh Pranay Verma recently said the proposed comprehensive economic partnership agreement (CEPA) could be a game-changer for both the countries in terms of trade. Smooth connectivity is crucial to boosting trade and commerce and there is scope to further expand land routes, railways and waterways between both sides, he said.

Vietnam was Spain's largest supplier of coffee (by volume) in 2022, with 113,550 tonnes worth 269 million EUR (287 million USD), up 21.6% in volume and 78.9% in value against 2021.

Though there is ample room to boost the export of advantageous Vietnamese products to the ASEAN market, local firms are advised to utilise incentives through free trade agreements (FTAs) and improve products’ competitiveness in order to maintain growth to the market.