Asean deepened its relationships with several key partners on the second day of its annual gathering, in what Singapore Prime Minister Lawrence Wong said was a signal of the grouping’s commitment to free trade and staying open at a time of growing protectionism.
Australia is strengthening ties with the Philippines as a trade and investment partner by seeking to expand mining investment opportunities and also grow the $8.7 billion in two-way investment generated in 2023.
Indonesia has become India’s largest trading partner in the ASEAN region. Bilateral trade between the two countries increased from US$26.04 billion in 2022 to US$38.84 billion in 2023, a significant 48 percent growth. The two nations aim to reach US$50 billion in trade by 2025.
India and Malaysia have cultivated a dynamic and growing trade relationship, driven by strategic economic partnerships and mutual interests.
Jakarta is proposing 200 percent tariffs on Chinese goods, citing the United States’ policies as an inspiration.
At a working breakfast and special exchange on October 10, PMs of Vietnam, Laos, and Cambodia, and representatives from ASEAN Business Advisory Council seek solutions to strengthen cooperation and promote partnership among the three countries.
President Yoon Suk Yeol and Thai Prime Minister Paetongtarn Shinawatra held their first summit in Laos on Thursday and agreed to make efforts to promptly conclude negotiations for a bilateral trade deal, Yoon's office said.
The Thai Chamber of Commerce and Board of Trade of Thailand, the Thai-Chinese Chamber of Commerce, and the Chinese Enterprises Association have jointly announced the establishment of a "Coordination Mechanism for Sustainable Thai-Chinese Business Promotion."
<p>Time: November 2025<br /> By: WTO and International Trade Group, Legal Department – VCCI</p>
