The tariff shockwaves of 2025 have presented ASEAN with its most significant test of unity since the 1997 financial crisis – and also its greatest opportunity for transformation.
The Indonesian government has officially agreed on two strategic economic agreements, namely the Indonesia-European Union Comprehensive Economic Partnership Agreement (IEU-CEPA) and the Indonesia-Canada Comprehensive Economic Partnership Agreement (ICA-CEPA).
Indonesia is currently preparing a system that aims to make it as easy as possible for its companies to benefit from the preferential tariffs.
Malaysia’s Steel Industry Roadmap 2035 aims to reduce overproduction, strengthen the industry, and shift to low-carbon practices to meet net zero goals.
Malaysia's palm oil stocks are expected to decline in the coming months, ending the year at around 1.7 million metric tons, as a seasonal slowdown in production coincides with rising exports to meet festive season demand, the industry regulator said.
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.
<p>Time: November 2025<br /> By: WTO and International Trade Group, Legal Department – VCCI</p>
