The deal could unlock US$60 billion in value and open access to a 700 million strong market across Europe and Indonesia.
THE PHILIPPINES is open to lowering duties on selected imports from the US to zero as part of tariff negotiations with Washington, Finance Secretary Ralph G. Recto said.
Expert says Thailand in different position.
India must ensure that this deal works to its advantage at the 10th review meeting.
The new proposal could reduce the nation’s US$46 billion trade surplus with the US by 70% within three years and lead to balanced trade within five years
Its shift towards a modern economic structure, with a growing services sector and a favourable demographic profile has made Vietnam an increasingly attractive destination for foreign investors. Vietnam is now regarded as a key growth driver within ASEAN.
India’s relationship with Southeast Asia has seen ups and downs. After the 1955 Bandung Conference on Afro-Asian Relations, India drifted away from Southeast Asia towards the more global non-aligned movement. It was only in the early 1990s that New Delhi returned productive reengagement with the region.
Malaysia remains committed to a fruitful outcome of its negotiations for lower tariffs with the United States, says Datuk Seri Mohamad Hasan.
<p>Time: November 2025<br /> By: WTO and International Trade Group, Legal Department – VCCI</p>
