The 19-percent tariff imposed by the United States on Philippine goods will prompt exporters to explore other markets, as it has intensified competition with neighboring countries.
Malaysia was among the few countries that stood firm on protecting key national policies during trade negotiations with the US, Prime Minister Anwar Ibrahim told Parliament on Tuesday.
The supply and prices of retail rice are expected to remain stable despite proposals to impose a tariff hike on imported rice and a halt to rice imports, the Department of Agriculture (DA) said Tuesday.
Singapore will step up support for businesses and workers in sectors that are more vulnerable to technological disruptions and global competition, such as general manufacturing, retail and logistics.
Thailand has accepted US conditions and pledged stricter measures to combat origin fraud, proposing to raise the Regional Value Content (RVC) threshold from the typical 40% to around 50% to ensure products genuinely originate in Thailand.
Indonesia’s economy is growing at its fastest pace in two years. Not all consumers are buying it.
Loss estimated to cut GDP by 1.48%.
The Thai Cabinet convened a special meeting on August 1 to approve a draft trade statement between Thailand and the US.