US President Donald Trump on Wednesday (IST) said that Washington is close to gaining full access to India, as he announced a trade deal with Indonesia that will now face a reduced tariff rate of 19 per cent, Reuters reported.

Amidst regional and global volatility, strengthening business community connections plays an essential role in maintaining stable supply chains, capitalising on existing trade agreements, and supporting enterprises from both countries in enhancing their competitive edge.

More than 800 domestic and international businesses are expected to attend an exposition on Meetings, Incentives, Conferences, and Exhibitions (MICE) slated for September 26 in Hanoi, according to the Vietnam MICE Tourism Association (VMA).

State President Luong Cuong reiterated Vietnam’s commitment to regional economic cooperation during his meeting on July 15 with Cho Hyun-Sang, chair of the APEC Business Advisory Council (ABAC) on the sidelines of the ABAC III meeting in Hai Phong city.

For the first time, Vietnam and African countries held a high-level knowledge exchange on the "One Commune One Product" (OCOP) programme on July 15 to promote sustainable rural development through value-added local products.

The meetings of the Vietnam–UK Joint Economic and Trade Committee (JETCO) and the UK–Vietnam Free Trade Agreement (UKVFTA) Trade Committee have delivered positive outcomes, helping to strengthen bilateral economic ties, resolve trade barriers, and create a more favourable business environment for enterprises.

Prime Minister Anthony Albanese is keeping the focus of his trip to China on trade and business rather than tensions like Taiwan and Beijing’s military expansion.

Brazil will work to get the United States to reverse 50% tariffs on Brazilian goods before they are set to take effect on August 1, Vice President Geraldo Alckmin said on Tuesday.

The coming months will be crucial for India’s global trade relations, as the government intensifies negotiations with major partners such as the European Union (EU), the United States, and the ASEAN bloc, officials from the Ministry of Commerce and Industry said on Tuesday.

Claudia Sheinbaum, the President of Mexico, cautioned that the country intends to take strong action against the US if Trump’s new tariff on Mexican imports is not suspended.