New agreement to boost cooperation, mitigate risks from unilateralism.
From electronics to minerals, these industries may well be impacted if Trump’s 24% tariff on Malaysian imports comes into effect.
Southeast Asian nations should look at ways to further integrate their supply chains regionally and around the world to reap the benefits of economies of scale and gain access to larger markets, Thailand’s foreign minister said.
Chinese firms set up coconut water factories in Thailand, cutting Thai producers out of exports and dominating the supply chain to China.
Southeast Asian leaders start two days of talks from Monday, seeking to deepen ties with China and Gulf nations, and mitigate the fallout from US President Donald Trump’s tariff hikes.
ASEAN and China are each other’s largest trading partners and key investors, both are supporters of economic globalisation and multilateralism.
As Vietnam strengthens economic ties with Thailand, domestic enterprises seeking to enter the Thai market must overcome a series of hurdles, from technical regulations, fierce competition to export restrictions and consumer expectations, experts said at a recent trade seminar in Ho Chi Minh City.
The Thai baht has strengthened sharply this week, recently reaching 32.70 baht per US dollar, continuing its appreciation trend since the beginning of the month amid global financial market volatility and rising global gold prices.
<p>Time: November 2025<br /> By: WTO and International Trade Group, Legal Department – VCCI</p>
