Cambodia’s exports to Australia were valued at nearly $450 million during the first eleven months of 2024, marking a 36 percent increase compared to the same period in the previous year, according to a recent report from the Ministry of Commerce (MoC).
Indonesia has pushed back the deadline for its trade pact with the European Union (EU), with Jakarta eyeing to complete the negotiations in the first half of 2025.
The Malaysian government is imposing provisional anti-dumping duties ranging from 6.33% to 37.44% on imports of polyethylene terephthalate (PET), a type of synthetic fibre, originating from China and Indonesia.
The Thai commerce minister plans to visit the US early next month for negotiations focused on preventing potential tariff hikes on Thai exports, following a recent meeting with the American Chamber of Commerce in Thailand (Amcham).
The year 2025 is set to be a challenging year for Southeast Asian countries that are looking to boost their economic growth while the world faces economic slowdown, geopolitical tensions, and trade fragmentation, particularly new tariff by the US – the largest economy in the world.
The Vietnamese Ministry of Industry and Trade (MoIT) and the Lao Embassy in Vietnam will continue to coordinate closely to promote economic - trade and industry - energy cooperation between the two countries.
The bilateral trade volume between Cambodia and South Korea reached $762 million by the end of last year, reflecting an 11.49% increase compared to the previous year. Cambodian exports accounted for $288 million of this total, rising by 13.77%, according to the Ministry of Commerce.
Experts from various economic research institutes believe the country’s partner status could have repercussions on trade and int’l relations