The bloc is set to face a 10 percent drop in exports to the US due to tariffs imposed by Trump
The Association of Southeast Asian Nations (ASEAN) is set to sign trade agreements with several countries as it plans to protect itself from US President Donald Trump’s tariffs.
A trade agreement between Canada and ASEAN is scheduled to be signed by the end of 2026.
Additionally, an upgrade to the China–ASEAN Free Trade deal will be signed next month. An upgrade to its trade deal with India is also being worked on.
Negotiations to boost a trade deal with South Korea are in the works as well. The bloc is reportedly considering expanding toward the Gulf region.
ASEAN is also planning to expand the Regional Comprehensive Economic Partnership (RCEP), which includes 15 countries, including China, Japan, and South Korea – potentially bringing in countries such as Bangladesh, Sri Lanka, and Chile.
🔗SOURCE ➡️ The Cradle
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