The first agreement signed under a trade initiative between Taiwan and the United States will come into force on Tuesday, both governments announced, as Taipei hopes a raft of ongoing talks will eventually lead to a free trade deal.

India has raised concerns that China could use Oman to dump goods into the Indian market, even as talks on a free trade agreement (FTA) with the West Asian nation have resulted in an agreement on over 200 trade lines, two people aware of the matter said.

The department of commerce on Monday said that India and Australia have “outlined a path forward for the early conclusion” of the Comprehensive Economic Cooperation Agreement (CECA) between both nations.

Indonesia's Ministry of Investment and Downstreaming plans to establish an European Union (EU) desk to enhance trade cooperation with the bloc, said Minister Rosan Roeslani, who is also head of the Investment Coordinating Board (BKPM).

Trade undersecretary Allan Gepty on Monday said that plans to have the free trade agreement (FTA) with South Korea in 2024 will still push through, with both sides now scrambling to complete the requirement three weeks before the year ends.

Cambodia exported products worth $23.93 billion in the first 11 months of 2024, up 16.8 percent over the same period last year, said a report from the General Department of Customs and Excise released on Tuesday.

Thailand and the United Kingdom are in talks to expand trade and investment between the two countries under a free trade agreement (FTA).

The US–China relationship showed signs of fragility in 2024, despite initial optimism following a stabilising summit in November 2023, with both countries maintaining largely confrontational postures and the Biden administration failing to make significant efforts to improve relations. The re-election of Donald Trump as US president will likely further increase tensions due to fears of increased tariffs, reduced diplomatic communication and the risk of military conflict. But the dire consequences of any potential confrontation could motivate both countries and the global community to oppose further escalation.

Việt Nam's Minister of Construction Nguyễn Thanh Nghị and Cuba's Minister of Agriculture Ydael Jesus Perez Brito discussed strengthening collaboration in rice production at a meeting in Hà Nội on December 9.

Deputy Prime Minister and Minister of Foreign Affairs Bui Thanh Son, and Politburo member, Director of the Office of the Communist Party of China (CPC) Central Committee’s Commission for Foreign Affairs and Minister of Foreign Affairs Wang Yi co-chaired the 16th meeting of the Vietnam-China Steering Committee for Bilateral Cooperation in Beijing on December 10.