The North American Free Trade Agreement (NAFTA) looks set for a fresh round of negotiations after the White House signalled it had “agreed not to terminate NAFTA at this time”, according to BBC reports. The statement contradicts media reports on Tuesday that US President Trump was preparing an executive order to end the agreement, which... View Article

The Asian Development Bank (ADB) issued a US$4bn bond on Wednesday in its largest ever deal, soaking up demand from international investors for Sovereign Supranational Agency (SSA) exposure to the multilateral’s portfolio. The mega benchmark issue beats the record US$3.25bn bond issued by the Manila-based lender in its 2016 funding round on the global capital... View Article

The Chinese Foreign Ministry has drafted a communique for the Beijing ‘Silk Road’ summit ‘leaders’ roundtable’ on May 15, stating support for the World Trade Organization, reports Reuters. The communique backs globalisation through “upholding the rules-based, transparent, non-discriminatory, open and inclusive multilateral trading system with the WTO at its core.” The statement is likely to... View Article

Japanese car manufacturer Toyota announced plans to produce compact cars in Thailand as part of its emerging markets car strategy, reports the Bangkok Post. Thailand’s Deputy Prime Minister Somkid Jatusripitak said that Toyota planned a record investment in the country’s automotive industry, although no figure was specified. The move comes after Toyota’s acquisition of Daihatsu... View Article

Toshihiro Nikai, Secretary General of Japan’s ruling Liberal Democratic Party (LDP), will attend China’s ‘Belt and Road’ summit in Beijing in May, it was announced at a Tokyo news conference today. Hiroshige Seko, Japan’s Trade Minister, has also received an invitation to attend, and Sadayuki Sakakibara, Chairman of business lobby Keidanren, will also be represented.... View Article

Myanmar’s Ministry of Construction has called for international firms to tender for work on the Yangon-Nay Pyi Taw-Mandalay Highway, according to The Myanmar Times. The highway connects the country’s largest city, Yangon, and second largest city, Mandalay, to the capital, Nay Pyi Taw. The project, which is the renovation of the first 40 miles of... View Article

China Daily has openly criticised a move by the US administration to review steel imports from the country in a protectionist strategy to boost US steelmakers. The newspaper quotes the US President, saying: “For decades America has lost our jobs and our factories to unfair foreign trade,” Trump said. “And one steel mill after another... View Article

Vientiane, the capital of Laos, is growing at 10 per cent, in a country growing at 7 per cent, making the city the fastest growing global economy. The Laos capital accounts for 45 per cent of the nation’s GDP, and is enjoying an economic boom according to Sinlavong Khoutphaythoune, Governor of Vientiane. The Governor was... View Article

At ASEAN Headquarters in Jakarta yesterday, US Vice President Pence announced that Trump will be attending the ASEAN, APEC and East Asia summits in the Philippines and Vietnam in November. Southeast Asia had until now been overlooked by the new US administration. This is therefore a good sign for the region that the US will... View Article

Japan’s Deputy PM Taro Aso will seek to revive the Trans Pacific Partnership (TPP) without US support after the Trump administration withdrew from the 11 nation deal covering Australia, Brunei, Canada, Chile, Malaysia, Mexico, New Zealand, Peru, Singapore and Vietnam, reports the Strait Times. Hiroshige Seko, Minister of Economy, Trade and Industry, has put forward... View Article