The Trump administration has announced that it will impose tariffs on 7.5 billion US dollars (£6.1 billion) in European imports beginning on October 18 in a case involving European Union subsidies to the plane maker Airbus.

Japan’s false public claims of offering no concessions may delay trade talks

South Korea and the 10 member countries of the Association of Southeast Asian Nations (ASEAN) clamored for free trade and anti-protectionism during their special summit that ran for two days through Tuesday in the South Korean southern port city of Busan.

The Philippines and South Korea have agreed to conclude the two countries’ free trade agreement by the first half of 2020.

China, South Korea and Japan will hold a new round of negotiations on the trilateral free trade agreement (FTA) this week in Seoul, the South Korean Ministry of Trade, Industry and Energy said Tuesday.

Cambodia and the Republic of Korea have reached an agreement to avoid double taxation on income and prevent tax evasion, while industry insiders said the agreement will attract more Korean investors to Cambodia.

The leaders of South Korea and Indonesia discussed ways to strengthen their cooperation in various areas Monday, including infrastructure projects and the economy.

India’s sudden withdrawal from the Regional Comprehensive Economic Partnership talks has hit negotiations involving the other 15 countries of the treaty, which is expected to be finalized by the end of this year.

The Southeast Asian economy has grand plans to raise its retirement age, allow trade unions and become a leading innovation centre.

The European Union has brought a dispute in the World Trade Organization (WTO) against Indonesian export restrictions for raw materials used in production of stainless steel. These restrictions unfairly limit access of EU producers to raw materials for steel production, notably nickel as well as scraps, coal and coke, iron ore and chromium.