Announcing this, United States Trade Representative Katherine Tai in a statement said that these tariff cuts will restore and expand market opportunities for US agricultural producers and manufacturers.

Vietnam shipped abroad 692,259 tonnes of fertilisers in the first five months of this year for more than 289 million USD, down 8.9% in volume and 42.2% in value over the same period in 2022, reported the General Department of Vietnam Customs.

Unable to decouple from either side, the Asian nations are in an unenviable position

Vietnam’s export revenue from computers, electronic products, and components had reached US$23 billion as of June 15, making it the highest-earning export category for the country.

RCEP to offer new avenues of economic growth for Cambodia

In the context of reduced exports, seafood enterprises are changing their strategies to find ways to keep export orders and maintain production and business. Deep processing increases the value of export goods

Exports of seafood products saw their best month in May since the beginning of this year, a positive signal amidst the gloomy outlook of global demand.

Seafood exports are seeing positive signs of recovery, with export revenue in May reaching over $808 million, the highest so far this year, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).

Recently, in Dong Nai – the largest durian capital in the Southeast – 6 enterprises have exported 360 tons of Dona and Ri6 durians to China under a protocol signed between the Ministry of Agriculture and Rural Development and the General Department of Customs of China. Country.

The global multilateral trading system is under extreme pressure. The re-emergence of great power rivalry; the politicisation of trade; and the challenge China presents to the ‘Washington consensus’ mean that the conditions that helped facilitate the wave of globalisation seen at the end of last century and the beginning of this one is in jeopardy.