Malaysia to convene special ASEAN meeting on US tariffs
The Association of Southeast Asian Nations (ASEAN) leaders will also meet to discuss the member states’ solutions to address and mitigate potential disruptions to regional trade, supply chain networks, and cross-border investments, the MITI said.
Malaysian Minister of Investment, Trade and Industry Zafrul Abdul Aziz (Photo: malaymail.com)
Kuala Lumpur (VNA) - In Malaysia’s capacity as ASEAN Chair for 2025, under the ASEAN Economic Community (AEC) pillar, Minister of Investment, Trade and Industry Zafrul Abdul Aziz will chair a Special ASEAN Economic Ministers’ Meeting on April 10 to discuss the US’s new reciprocal tariff imposition.
In its latest statement, the Ministry of Investment, Trade and Industry (MITI) said that the meeting will discuss the broader implications of the US tariff measures on regional trade and investment flows, macro-economic stability, and ASEAN’s coordinated response to uphold the region’s economic interests and long-standing commitment to an open, fair, and rules-based trading system.
The Association of Southeast Asian Nations (ASEAN) leaders will also meet to discuss the member states’ solutions to address and mitigate potential disruptions to regional trade, supply chain networks, and cross-border investments, the MITI said.
This is to ensure that ASEAN continues to be a stable, competitive, and attractive hub for global trade and investment.
The bloc’s Indochinese member states were the hardest hit by the tariffs, with Cambodia slapped with baseline and retaliatory tariffs totalling 49%, followed by Laos (48%), Vietnam (46%), and Myanmar (44%).
Meanwhile, Thailand was hit with tariffs of 36%, Indonesia 32%, Brunei and Malaysia both at 24%, the Philippines 1꧂7%, and Singapore, a baseline tariff of 10%./.
As Vietnam faces a reciprocal duty of 46% as part of the US new tariffs on all imports, its electronics, machinery, garment, footwear, and wood industries are likely to witness significant impacts in the short term, but this could also become an impetus for the country to pursue a more sustainable economic model, analysts said.
Vietnam will continue to coordinate and engage in discussions with the US in a constructive and cooperative spirit to find practical solutions that contribute to the stable and sustainable development of bilateral economic relations, ensuring the interests of businesses and people in both countries
Organised by the Ministry of Culture and the Association of Thai Silk & Culture Promotions, the event honors Her Majesty the Queen on her 47th birthday anniversary and promotes Thai craftsmanship on an international stage.
Prensa Latina's recent article on Vietnam’s assurance of smooth and effective transition to a leaner structure highlighted Prime Minister Pham Minh Chinh’s latest directions on implementing 28 resolutions regarding the decentralisation and delegation of authority.
The lab focuses on four key thematic areas: energy transition and green innovation, sustainable agriculture, circular economy and sustainable cities, and nature-based solutions and biodiversity.
The key content of the document titled "Accelerating Innovative Strategies: Addressing the OOSCY Challenges" will be refined further in a seminar preceding the 47th ASEAN Summit in Kuala Lumpur this October.
This follows Telegram’s serious failure to address the content that has been repeatedly reported to them, despite various efforts of negotiation and cooperation made by MCMC, it said.
Efforts to empower women must transcend dialogue and translate into concrete commitments, including corporate pledges and government partnerships, according to the spouse of Malaysian Prime Minister Anwar Ibrahim.
The forum featured two in-depth discussion sessions, engaging representatives from governments, think tanks, and businesses from both ASEAN and China, on how to forge closer ties for a common future.
The new FIFA Hub in Jakarta will not only support football development in Indonesia but also serve as a coordination centre for 21 football associations across Southeast and East Asia.
Minister Counselor Nguyen Hoang Nguyen reaffirmed Vietnam’s principled and consistent stance on the Palestine issue, calling for an immediate and lasting ceasefire across the entire Gaza Strip.
PM Anwar Ibrahim affirmed the determination of Malaysia, as ASEAN Chair for 2025, to utilise all viable regional mechanisms of the bloc and work with partners to de-escalate violence and restore a peace process led by Myanmar.
Talking to the Vietnam News Agency on the occasion of the 100th anniversary of the Vietnam’s Revolutionary Press Day (June 21, 1925–2025), Nikulina, who is also a veteran journalist of Russia’s Sputnik News, emphasised the vital role of mainstream journalism in defending the truth and maintaining public trust.
The Ministry of Commerce reported that imports also rose 18% to 29.9 billion USD during the same period, resulting in a trade surplus of 1.1 billion USD. In May alone, Thailand posted a 4.6 billion USD trade surplus with the US and a 4.1 billion USD trade deficit with China.
The World Bank will provide a 2.1 billion USD financing package for Indonesia, focusing oncreating jobs, stimulating economic growth, and enhancing access to clean energy across the country.
Member states also reviewed progress on six priority areas for 2025, including the development of an underground cable framework, the follow-up agreement to the ASEAN Petroleum Security Agreement (APSA), the launch of the ASEAN Energy Efficiency Database, and the rollout of an investment platform for sustainable building initiatives.
In March, Thai Prime Minister Paetongtarn Shinawatra met with Formula 1 chief Stefano Domenicali and said Thailand would commission a feasibility study into hosting a Grand Prix on a Bangkok street circuit from 2028.
The proposed giant sea wall aligns with bilateral cooperation and has been designated a national priority, considering that several regions in Indonesia are experiencing land subsidence of 10–15 centimetres per year.
International flights were cancelled including Jetstar and Virgin Australia flights to cities across Australia, and flights of Air India, Air New Zealand, Singapore's TigerAir and China's Juneyao Airlines.
The partnership aims to strengthen collaboration in the exploration and exploitation of mineral resources, including gold, copper, and manganese, as well as in the development of steel, aluminum, and renewable energy industries.
