Singaporean Minister for Foreign Affairs Vivian Balakrishnan said on May 12 that the full opening of the Strait of Hormuz is criticial to regional stability, global energy security, and international trade
Economic and trade relations between Viet Nam and ASEAN are developing strongly, with bilateral trade reaching a record $91 billion in 2025
The Malaysian government has ensured balanced fuel distribution nationwide and is prepared to import additional fuel if necessary to maintain stability
The two sides discussed expediting the Agreement on Reciprocal Trade (ART) to strengthen economic confidence and address potential US trade measures
The bloc welcomes the progress in the implementation of the ASEAN Regional Investment Action Plan 2025–2030, which seeks to attract foreign investment in green transition and post-pandemic priority recovery sectors
In a statement issued by the ASEAN Chair on May 9, the regional bloc welcomed ongoing initiatives aimed at enhancing cross-border cooperation, building cybersecurity capacity, and improving protection and assistance for victims and survivors of online scams
The International Air Transport Association (IATA) forecasts that Indonesia will become the world’s fourth-largest aviation market by 2030
Based on bilateral trade figures from the UN Commodity Trade Statistics Database, the Philippines posted the largest trade deficit among member economies of the Association of Southeast Asian Nations (ASEAN) from 2015 to 2024
<p>Time: November 2025<br /> By: WTO and International Trade Group, Legal Department – VCCI</p>
