The European Union (EU) has formally asked the World Trade Organization (WTO) for authorization to impose $35 million (€32.8 million) in annual trade sanctions against the United States.

Coordinating Minister for Economic Affairs Airlangga Hartarto informed the Indonesia-Canada Comprehensive Partnership (ICA-CEPA) has been completed substantially.

Negotiations for all the proposed free trade agreements or FTA, including those with the UK and European Union (EU), are progressing as per the schedule. There is an impression that FTAs are paused, which is not correct, according to a top government official.

Cambodia exported over 790,000 tonnes of cashew nut to Vietnam in the first ten months of 2024, generating $1.110 billion in revenue, an increase of 36 percent, said an official of the Cashew Nut Association of Cambodia (CAC).

The RCEP pact, a kind of comprehensive free trade agreement (FTA), was negotiated among the 10 ASEAN member states -- Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand, and Vietnam

SUGAR producers said the supply of refined and raw sugar will be sufficient even after the government announced an import freeze until the middle of 2025.

The Department of Trade and Industry is imposing provisional dumping duty on imports of gypsum board from Thailand following allegations such importations come in at dumped prices, hurting the domestic gypsum board industry

The United States' continued withdrawal from the global economy under the incoming Trump administration may result in large-scale retaliation from economic powers such as China and the EU, causing significant damage to the global economy. Middle powers like Australia and Japan must try to maintain the openness of the global economy by convincing countries to avoid retaliation, even with restricted access to the US market.

Mr Manuel Garibay travelled from the American north-west to Shanghai in early November, hoping to sell dried cherries to Chinese consumers.

In the first ten months, the United States remained Cambodia’s number one export market, while Vietnam at number two, according to a data released by the General Department of Customs and Excise (GDCE).