Singapore exports about 4 billion SGD (3.10 billion USD) of pharmaceutical products to the US and most of these exports are branded drugs, said Gan, who is also Minister for Trade and Industry.
Trade patterns with the US point to a robust and mutually beneficial relationship, an expert says.
The United States has cautioned that some ASEAN countries may face higher tariffs if ongoing negotiations on trade fail to produce favourable outcomes.
The European Union is “advancing” in negotiations with the Philippines, Thailand and Malaysia on new free trade agreements, its trade commissioner Maros Sefcovic said on Thursday.
The gesture is expected to boost trade, strengthen Cambodia’s food and non-food sectors, and open new doors for Muslim-friendly tourism in the Kingdom.
Ongoing negotiations for the ASEAN-Canada Free Trade Agreement (FTA), set to be finalised by next year, are expected to strengthen business and investment relations, supporting both sides’ goals of economic growth and trade diversification.
Canada has signed a bilateral free trade agreement with Indonesia, which aims to eliminate or reduce tariffs on over 95 per cent of Ottawa's exports to its largest market in Southeast Asia.
Indonesia’s Trade Minister Budi Santoso said the newly signed Comprehensive Economic Partnership Agreement (CEPA) with Canada is expected to accelerate trade and investment, offering greater market access for Indonesian goods and services in Canada and across North America.
<p>Time: November 2025<br /> By: WTO and International Trade Group, Legal Department – VCCI</p>
