Tag: bilateral trade

China and Indonesia on Thursday launched a local-currency settlement framework for bilateral transactions. Both countries also began a two-way trial of cross-border QR code payments. The central bank chiefs called the steps important milestones. Bank Indonesia said the local-currency scheme ...

President Donald Trump announced Wednesday that he had struck a trade deal with Vietnam under which the country would face a minimum 20 percent tariff and open its market to U.S. products. The deal comes a week ahead of Trump's self-imposed ...

By Alice Philipson with Mary Yang in Beijing Chinese leader Xi Jinping warned Monday that protectionism "leads nowhere" and that a trade war would have "no winners," state media said, as he was due to kick off a tour of Southeast ...

Thailand recorded a 20% drop in low-quality imports, mostly from China, after introducing measures to curb cheap goods that were undercutting local businesses, a government spokesperson said on Monday. Government spokesperson Sasikarn Wattanachan said the reduction followed tighter regulations and ...