On the ASEAN side, there are expected demands for more concessions on items where India has not yet offered duty cuts or tariff eliminations.
Vietnam and China have been tightening their economic and trade ties over the recent years, reflecting a strong vitality, said the International Business Daily, the mouthpiece of the Chinese Ministry of Commerce.
Modi, Malaysian counterpart discuss trade, investment, defence; countries signed nine MoUs
Cambodian Prime Minister Hun Manet said on Tuesday that the Southeast Asian country needs more Chinese investments, highlighting potential areas for investment.
A flood of Chinese products into Indonesia has hit local manufacturers hard, prompting the government to look for ways to placate domestic producers while avoiding angering the country’s biggest trading partner.
The semiconductor industry is crucial for the US economy and national security, but it faces significant challenges. The CHIPS and Science Act aims to address domestic manufacturing shortfalls and reduce reliance on foreign suppliers, having already spurred over US$450 billion in private investments. But concerns persist amid financial constraints, supply chain disruptions and geopolitical tensions with China. Strategic policy reforms, international cooperation and enhanced workforce development are vital for securing US leadership in this critical sector.
The future of Southeast Asia’s booming solar industry, which produces the most panels in the world after China, is being thrown into doubt as the US looks set to impose hefty tariffs on the region.
Cambodia has become the world’s second-largest producer of raw cashew nuts, with a total production of 830,000 tonnes in the last seven months of 2024, according to the report of the Cashew Nut Association of Cambodia (CAC).