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New US Section 301 tariffs are expected to have limited immediate impact on ASEAN exporters due to widespread product exemptions and lower effective rates, though geopolitical uncertainty persists.
Malaysia's Food and Drinks expo is on track to surpass last year's RM1.081 billion sales figure, driven by robust international participation and growing demand for food products amid regional supply chain pressures.
Singapore's Ministry of Trade and Industry confirmed that a new 12.5% tariff imposed by the Trump administration took effect on July 24, affecting approximately one-third of the city-state's domestic exports to the United States following a forced-labour investigation.
Malaysia's cabinet is working to resolve longstanding trade barriers with Thailand affecting shrimp exports and livestock market access. The government is also formulating strategies to strengthen food security amid climate pressures.
Malaysia and the European Union have advanced negotiations on their landmark free trade agreement, completing five chapters with a 2027 completion target. The push reflects deepening economic engagement between the bloc and Southeast Asia.
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Malaysia and Thailand are in intensive discussions over a temporary suspension on five shrimp species imports. Both nations are working to resolve the dispute while protecting national interests and biosecurity standards.
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Prime Minister Anwar Ibrahim has warned European nations that developing countries will seek partnerships elsewhere if subjected to unfair treatment, signalling Malaysia's willingness to diversify its international engagement.