The ASEAN+3 Macroeconomic Research Office (AMRO) forecasts the ASEAN+3 region’s economic growth to expand by 3.8% in 2025 and 3.6% in 2026.
The safeguard duty, locally known as Bea Masuk Tindakan Pengamanan (BMTP), will be applied for three years under a declining tariff scheme.
ASEAN, particularly Viet Nam and Thailand, has also stood out. The RoK’s exports to ASEAN rose 12.5% over the period, reaching 122.4 billion USD in 2025, while exports to Viet Nam climbed 10.8% to 62.8 billion USD.
Iron and aluminium lead the charge as Thai exporters successfully navigate Brussels’ Carbon Border Adjustment Mechanism (CBAM) ahead of 2026 deadline.
The Indonesian Ministry of Trade announced that steel exports to Australia have officially reopened following its decision to drop an antidumping investigation into Indonesian hot-rolled deformed steel reinforcing bar (rebar).
Indonesia’s National Food Agency (Bapanas) has projected that the country could export around 52,900 tons of corn in 2026, reflecting strengthening domestic production and supply resilience.
TPSO warns Trump tariffs may hit Thai exports in full in 2026, with overall shipments seen at -3.1% to +1.1% as US and China demand cools.
As Trump's reciprocal tariffs shut American farmers out of the Chinese market, Thailand emerges as a key target for US soybean exports.
<p>Time: November 2025<br /> By: WTO and International Trade Group, Legal Department – VCCI</p>
