Thailand stands a chance on a deal.
Malaysian palm oil futures have hit a snag, dropping by 1.26% to 3,845 ringgit per metric ton for August delivery, as the global market sets new challenges.
As senior officials from Asean, the Gulf Cooperation Council (GCC), and China engage in closed-door deliberations ahead of the Asean-GCC-China Economic Summit on May 26–27 in Kuala Lumpur, the world witnesses more than just another diplomatic gathering.
At the conferences, the Ministers adopted three Joint Statements to express their views on current developments and trade tensions; committed to further strengthening economic cooperation between ASEAN and partner countries...
Without prompt action, the economic inequalities between the bloc’s member states could threaten its unity and cohesion.
Indonesia aims to become the world’s second-largest coffee exporter, with Coordinating Minister Zulkifli Hasan urging collaborative efforts to unlock the nation’s vast coffee potential.
The so-called 3.0 version of the free trade area will inject greater certainty into regional and global trade.
In the short term, Thailand and its competitors face a 10% tariff hike, while China and Hong Kong face a 30% increase, giving Thailand a relative advantage over them.
<p>Time: November 2025<br /> By: WTO and International Trade Group, Legal Department – VCCI</p>
