Malaysian expert advises APEC economies to propel CPTPP
Member economies of the Asia-Pacific Economic Cooperation (APEC) Forum should boost the implementation of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) prioritising the creation of a condition conducive to the rejoining of the US, the biggest economy in APEC, said Hoo Ke Ping, an independent Malaysian politic and economic expert.
Hoo Ke Ping, an independent Malaysian politic and economic expert (Photo: VNA)
Kuala Lumpur (VNA) – Member economies of the Asia-PacificEconomic Cooperation (APEC) Forum should boost the implementation of the Comprehensiveand Progressive Agreement for Trans-Pacific Partnership (CPTPP) prioritising thecreation of a condition conducive to the rejoining of the US, the biggesteconomy in APEC, said Hoo Ke Ping, an independent Malaysian politic andeconomic expert.
In an interview with the Vietnam News Agency, Hoo lauded theflexible change from the Trans-Pacific Partnership (TPP) into CPTPP after theUS’s withdrawal from the pact under Donald Trump’s administration.
He suggested the forum to be better constructed rather thanjust making bold changes based solely on economic cooperation.
The expert said APEC should build an Asia-Pacific free tradearea on the foundation of the CPTPP, and its member economies should beserious in boosting the implementation of the pact.
APEC comprises 21 member economies which together accountfor 60 percent of the world’s gross domestic product (GDP).
The CPTPP is a trade ag🧔reement betwee🌜n Australia, Brunei,Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, andVietnam./.
Ministers of 21 APEC member economies have committed to maintaining cooperation to support economic recovery in the context of the COVID-19 gravely impacting the world.
The Asia-Pacific Economic Cooperation (APEC)’s Business Advisory Council (ABAC) has recommended APEC economies to unite and build a revitalised Asia-Pacific economic community.
Thailand’s Deputy Prime Minister and Minister of Foreign Affairs Don Pramudwinai called for building an inclusive, resilient, sustainable and innovative future for Asia-Pacific while attending the 31st APEC Ministerial Meeting (AMM) held recently via video conference by Malaysia.
Prime Minister Nguyen Xuan Phuc has affirmed that Vietnam will continue partnering with APEC member economies to turn its vision and aspirations into peace, stability and happiness of people in the region.
The Ministry of Commerce reported that imports also rose 18% to 29.9 billion USD during the same period, resulting in a trade surplus of 1.1 billion USD. In May alone, Thailand posted a 4.6 billion USD trade surplus with the US and a 4.1 billion USD trade deficit with China.
The World Bank will provide a 2.1 billion USD financing package for Indonesia, focusing oncreating jobs, stimulating economic growth, and enhancing access to clean energy across the country.
Member states also reviewed progress on six priority areas for 2025, including the development of an underground cable framework, the follow-up agreement to the ASEAN Petroleum Security Agreement (APSA), the launch of the ASEAN Energy Efficiency Database, and the rollout of an investment platform for sustainable building initiatives.
In March, Thai Prime Minister Paetongtarn Shinawatra met with Formula 1 chief Stefano Domenicali and said Thailand would commission a feasibility study into hosting a Grand Prix on a Bangkok street circuit from 2028.
The proposed giant sea wall aligns with bilateral cooperation and has been designated a national priority, considering that several regions in Indonesia are experiencing land subsidence of 10–15 centimetres per year.
International flights were cancelled including Jetstar and Virgin Australia flights to cities across Australia, and flights of Air India, Air New Zealand, Singapore's TigerAir and China's Juneyao Airlines.
The partnership aims to strengthen collaboration in the exploration and exploitation of mineral resources, including gold, copper, and manganese, as well as in the development of steel, aluminum, and renewable energy industries.
The Thai cabinet has approved a seven-year EV bus leasing scheme proposed by the Bangkok Mass Transit Authority (BMTA) for the capital, with an estimated cost of 15.35 billion THB (over 470 million USD).
Aircraft are prohibited from flying below 6,000 metres in the vicinity of the volcano, and should also remain alert to the presence of volcanic ash, which can disrupt flights.
Laos declared the transfer of the press management functions of five key media agencies and associated personnel to the Propaganda and Training Board of the Lao People's Revolutionary Party Central Committee.
Univers said in a statement that the new centre will serve as a hub for innovation, bringing together digital intelligence and climate ambition to accelerate Sarawak's transition toward a low-carbon, tech-enabled economy.
The target is to be completely free from plastic waste within two years. This can only be achieved if all parties implement the initiative with strong discipline.
Indonesia is taking new steps to improve protections for fishery workers, amid concerns over low wages, harsh working conditions, and limited access to social welfare.
The 2025 ASEAN- the Republic of Korea (RoK) Connectivity Forum that opened in Jakarta on June 17 reaffirmed a shared commitment to shaping a connected, resilient future by advancing the ASEAN Connectivity Strategic Plan.
The desk will serve as a service centre providing market intelligence, business licensing guidance, facilitating business cooperation, identifying potential investment projects, and harmonising regulatory policies between the two parties.
Malaysian Prime Minister Anwar Ibrahim noted that the Asia-Pacific region accounted for half of global energy consumption and 60% of greenhouse gas emissions in 2024. Despite this, regional countries, including eight of ten ASEAN member states, remain committed to climate goals, including net-zero emissions and tripling global renewable capacity by 2030.
Hoo Ke Ping, an independent Malaysian politic and economic expert (Photo: VNA) 
