Thailand’s Ministry of Commerce and rice exporters are devising strategic plans to boost rice exports amid global market fluctuations, focusing on key markets and adjusting output.
Indian exporters of agri, pharma, vehicles etc have not been able to take advantage of lower duties offered under the pact, notes study.
The Philippines secured a less favorable tariff deal with the United States than Indonesia and Vietnam, underscoring a long-standing trend of the country reaping little from its special relationship with its American ally, according to a new report by the Philippine Institute for Development Studies (PIDS).
A steeper 19 per cent United States tariff on Malaysian goods, compared with 10 per cent for Singapore, could raise export costs and slow the movement of certain commodities through Malaysia's trade routes, industry players said.
In a briefing last week by Joey Salceda, chair of the Institute for Risk and Strategic Studies Inc. (also known as Salceda Research), with members of the Monday Circle, he described President Marcos’ one percentage point reduction in the US tariff from 20 percent to 19 percent as “much ado about nothing.”
The Philippine semiconductor industry is looking into diversifying its market as US President Donald Trump plans to impose a 100-percent tariff on semiconductors bound for the United States.
As investors look in bewilderment at the fast-deteriorating global economic landscape under US President Donald Trump’s onslaught on globalisation, some analysts are looking to Singapore as one of the few safe havens worldwide.
With the US tariff rate settled, Thailand needs to expedite structural economic reforms.