Trade and Investment Facilitation

Uneven benefits from tariff concessions seen for member states but still advantageous overall.

The virtual webinar on 16 December discussed initiatives and opportunities for deepening cooperation.

Key infrastructure projects have increased 65% to 88 since 2017, showing countries’ commitment to boost connectivity.

BEBC keen to be growth engine in reviving the economies of member countries, says chairman.

The 24th Ministerial Meeting reports that investments rose more than 30% while 16 priority projects were completed despite COVID-19.

Foreign investments in the digital economy, including Industry 4.0 technologies, and infrastructure remain strong.

At a virtual forum, top officials from BIMP-EAGA countries talked about energy cooperation, including the supply of clean and affordable electricity across borders.

Reefer Express Line Filipinas, Inc. says the direct service will serve manufacturers struggling to find ways to ship their goods during the pandemic.

The two countries have signed an agreement for the avoidance of double taxation and the prevention of income tax evasion.

Key drivers of foreign investment include the transition to a digital economy, major infrastructure projects, and the RCEP trade agreement.