ASEAN foreign ministers reaffirmed their shared commitment to building a future-ready, inclusive and resilient regional community during the recently concluded 58th ASEAN Foreign Ministers’ Meeting (AMM), while advancing efforts to deepen regional integration, economic resilience and digital transformation.
With its misguided tariff wars, the Trump administration is undermining global economic prospects and waging war against development in the Global South, particularly in Asia. The Philippines is no exception.
United States Secretary of State Marco Rubio assured Southeast Asian nations that the US is “not walking away” from its economic and defense ties in the region and is, in fact, working to build further on their relationships.
Thailand is considering offering zero tariffs on more US imports, the finance minister said on Monday.
The Eurasian Economic Union (EAEU) and the Republic of Indonesia have officially concluded negotiations on a Free Trade Agreement (FTA), aiming to enhance economic cooperation between the two parties.
Canada is seeking to finalize a free trade deal with Southeast Asian nations as part of a push to expand into new markets, its top diplomat said, responding to the hefty tariffs imposed on it by the United States, its neighbor and largest trade partner.
AMM-58 is the largest gathering of ASEAN foreign ministers and senior diplomats from around the world to discuss pressing global and regional issues, promote cooperation, and advance the security and sustainability agenda in ASEAN.
The US accounts for 18% of Thailand's exports. If the 36% rate is implemented, exports to the US could fall to 10% of the total, weakening bilateral trade relations over the long term.