Last week's Senate Foreign Relations Committee hearing for Senator Marco Rubio was very insightful, especially regarding comments related to US-Asean relations. Mr Rubio demonstrated knowledge about Asean and the need for flexibility in engaging with the countries in the region. His comments have also calmed surging concerns over a potential tariff hike under the Trump administration. Certainly, he is expected to be confirmed and replace Antony Blinken as Secretary of State.
A Ministry of Commerce report on Tuesday said Cambodia’s trade volume with its fellow ASEAN member states reached $15.69 billion in 2024, up 12.4 percent from $13.96 billion in the year before.
Indonesia has welcomed a recent ruling by the World Trade Organisation (WTO), which found that the European Union (EU) discriminated against Indonesian palm oil-based biofuel, giving it unfair and detrimental treatment, in setting biofuel regulations, according to Coordinating Minister for Economic Affairs Airlangga Hartarto.
The EU is currently Malaysia’s fourth largest trading partner, with trade in goods worth 45 billion EUR (US$46.7 billion) in 2023 and trade in services worth 11 billion EUR in 2022.
Negotiating as a bloc will give the region greater bargaining power, especially since the new Trump administration plans to slap high tariffs on exports
Deputy Prime Minister and Foreign Minister Bui Thanh Son expressed Vietnam’s desires to foster the strategic partnerships with Singapore and Malaysia, during his separate meetings with the Foreign Ministers of Malaysia and Singapore on the sidelines of the ASEAN Foreign Ministers’ Retreat
Senate President Hun Sen Friday said that Cambodia and Malaysia must strive to push their trade volume to $2 billion amid enhancing economic exchanges, trade, investment, and tourism between the two countries.
Indonesian Minister of Trade Budi Santoso has affirmed his country's readiness to address potential impacts of a trade war between the US and China when Donald Trump assumes the presidency.
<p>Time: 2024 By: Ministry of Industry and Trade</p>
