The proposed 36% tariff on US imports of Thai products could pile pressure on the manufacturing sector, with workers likely to bear the brunt, says the Employers' Confederation of Thai Trade and Industry (EconThai).
Southeast Asian foreign ministers will meet on Wednesday as the region grapples with renewed uncertainty over US trade tariffs and as a simmering territorial dispute between Thailand and Cambodia threatens to disrupt the bloc's unity.
Prime Minister Narendra Modi's talks with Malaysian Prime Minister Anwar bin Ibrahim at the BRICS summit highlighted the review of the ASEAN-India Free Trade Agreement (FTA). The review aims to address trade imbalances between India and the ASEAN bloc and enhance bilateral economic relations. Discussions also covered other key sectors.
Thailand, in its latest proposal to avert steep US tariffs, is aiming to boost bilateral trade volumes with the US and reduce its $46 billion trade surplus by 70% within five years, reaching balance in seven to eight years, Finance Minister Pichai Chunhavajira told Bloomberg News on Sunday.
The agreement is expected to pave the way for expanded market access, increased foreign investment for both countries.
The city-state now has over 240,000 millionaires.
PM Chinh affirmed that Vietnam and Brazil hold significant potential for agricultural cooperation, citing their large domestic markets, and complementary strengths.
We should take this as recognition of Indonesia’s position as a middle power, and hence its clout in influencing global development.
<p>Time: November 2025<br /> By: WTO and International Trade Group, Legal Department – VCCI</p>
