Once tipped to become Asia’s fifth economic tiger, Thailand is now grappling with stagnation, recording the slowest growth rate in ASEAN.
Brazilian exporters of orange juice byproducts will suffer a major revenue decline from a hefty 50% US tariff imposed on many of the country's products in early August, industry trade group CitrusBR said on Tuesday.
Eggs remain a vital, affordable staple in Malaysia, with steady supply despite subsidy changes.
The Malaysia-Cambodia Business Association (MCBA) has called on Malaysian businesses to seize emerging opportunities in Cambodia following supply chain disruptions caused by the recent Cambodia-Thailand border situation.
Vietnam launches strict food safety rules for fresh durian exports, aiming to meet global standards while creating openings for Thai service providers and exporters.
In the 2014-2024 period, two-way trade turnover more than tripled, soaring from $3.3 billion to $10.1 billion, with an average annual growth rate of nearly 12%.
The Executive Order issued on July 31 further modified the US reciprocal tariffs and imposed a more uniform tariff at 19% to 20% for six of the 10 ASEAN countries: the Philippines, Indonesia, Malaysia, Thailand, Vietnam, and Cambodia.
Team Thailand has successfully negotiated a reduction in the US reciprocal tariff from 36% to 19%, which officially took effect at midnight on August 6.