India must ensure that this deal works to its advantage at the 10th review meeting.
The new proposal could reduce the nation’s US$46 billion trade surplus with the US by 70% within three years and lead to balanced trade within five years
Its shift towards a modern economic structure, with a growing services sector and a favourable demographic profile has made Vietnam an increasingly attractive destination for foreign investors. Vietnam is now regarded as a key growth driver within ASEAN.
India’s relationship with Southeast Asia has seen ups and downs. After the 1955 Bandung Conference on Afro-Asian Relations, India drifted away from Southeast Asia towards the more global non-aligned movement. It was only in the early 1990s that New Delhi returned productive reengagement with the region.
Malaysia remains committed to a fruitful outcome of its negotiations for lower tariffs with the United States, says Datuk Seri Mohamad Hasan.
Indonesia joins Vietnam in cutting better deals with Washington in the latest development of the tariff saga. While there is still room for further negotiations with the United States, the fact remains that Malaysia is staring at a relatively steeper 25% tariffs among its neighbours.
New Zealand has expressed a strong interest in forging closer cooperation with Malaysia in the halal industry and has chosen Malaysia as a key strategic partner, especially in trade across the Southeast Asian region.
Business leaders and entrepreneurs from New Zealand and Southeast Asia will gather in Vietnam for the ASEAN Young Business Leaders Initiative (YBLI) Summit, taking place from July 23-27 in Danang and Hue.
<p>Time: November 2025<br /> By: WTO and International Trade Group, Legal Department – VCCI</p>
