Latest news with #CPTPP
Malaysia Sun
12 hours ago
- Business
- Malaysia Sun
Asian Leaders Voice Concerns over US Tariffs
Speaking at the 30th "Future of Asia" international forum held in Tokyo from May 29 to 30, Singapore's Deputy Prime Minister Gan Kim Yong warned that the current global trade order is under threat, Xinhua reported. He urged Asian countries to stand united in addressing trade issues arising from the US tariffs and emphasized the importance of expanding cooperation through the Association of Southeast Asian Nations and the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), particularly in trade and industry. Cambodian Prime Minister Hun Manet said that trade wars undermine a free, open, inclusive, and rules-based multilateral trade system, disproportionately affecting the most vulnerable. He called for unity among nations facing tariff-related pressures. Lao President Thongloun Sisoulith underscored the importance of peaceful coexistence and mutual respect, noting that while Laos has limited trade with the United States, high tariffs could still impact its economy and investment climate. Vietnamese Deputy Prime Minister Nguyen Chi Dung said US tariffs are having a tangible effect on Vietnam's exports and investment. Former Malaysian Prime Minister Mahathir Mohamad criticized the US tariff measures, saying they could harm the American economy and drive up living costs domestically. Since its inception in 1995, the "Future of Asia" forum, hosted annually by Nikkei Inc., has served as a key platform for discussing regional cooperation. This year's forum focused on how the region can foster prosperity and economic growth through collaboration.
Malaysia Sun
12 hours ago
- Business
- Malaysia Sun
Asian leaders voice concerns over U.S. tariffs
TOKYO, May 31 (Xinhua) -- Political leaders and former heads of state from across Asia have expressed concerns over the U.S. government's tariff policies, calling for greater unity among Asian nations to overcome shared challenges. Speaking at the 30th "Future of Asia" international forum held in Tokyo from May 29 to 30, Singapore's Deputy Prime Minister Gan Kim Yong warned that the current global trade order is under threat. He urged Asian countries to stand united in addressing trade issues arising from the U.S. tariffs and emphasized the importance of expanding cooperation through the Association of Southeast Asian Nations and the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), particularly in trade and industry. Cambodian Prime Minister Hun Manet said that trade wars undermine a free, open, inclusive, and rules-based multilateral trade system, disproportionately affecting the most vulnerable. He called for unity among nations facing tariff-related pressures. Lao President Thongloun Sisoulith underscored the importance of peaceful coexistence and mutual respect, noting that while Laos has limited trade with the United States, high tariffs could still impact its economy and investment climate. Vietnamese Deputy Prime Minister Nguyen Chi Dung said U.S. tariffs are having a tangible effect on Vietnam's exports and investment. Former Malaysian Prime Minister Mahathir Mohamad criticized the U.S. tariff measures, saying they could harm the American economy and drive up living costs domestically. Since its inception in 1995, the "Future of Asia" forum, hosted annually by Nikkei Inc., has served as a key platform for discussing regional cooperation. This year's forum focused on how the region can foster prosperity and economic growth through collaboration.
The Star
15 hours ago
- Business
- The Star
Asian leaders voice concerns over US tariffs; call for greater unity among region's nations
Photo: China Daily/Xinhua HANOI/TOKYO (Xinhua):Political leaders and former heads of state from across Asia have expressed concerns over the US government's tariff policies, calling for greater unity among Asian nations to overcome shared challenges. Speaking at the 30th "Future of Asia" international forum held in Tokyo from May 29 to 30, Singapore's Deputy Prime Minister Gan Kim Yong warned that the current global trade order is under threat. He urged Asian countries to stand united in addressing trade issues arising from the US tariffs and emphasized the importance of expanding cooperation through the Association of Southeast Asian Nations and the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), particularly in trade and industry. Cambodian Prime Minister Hun Manet said that trade wars undermine a free, open, inclusive, and rules-based multilateral trade system, disproportionately affecting the most vulnerable. He called for unity among nations facing tariff-related pressures. Lao President Thongloun Sisoulith underscored the importance of peaceful coexistence and mutual respect, noting that while Laos has limited trade with the United States, high tariffs could still impact its economy and investment climate. Vietnamese Deputy Prime Minister Nguyen Chi Dung said U.S. tariffs are having a tangible effect on Vietnam's exports and investment. Former Malaysian Prime Minister Mahathir Mohamad criticized the U.S. tariff measures, saying they could harm the American economy and drive up living costs domestically. Since its inception in 1995, the "Future of Asia" forum, hosted annually by Nikkei Inc., has served as a key platform for discussing regional cooperation. This year's forum focused on how the region can foster prosperity and economic growth through collaboration. - Xinhua
Scoop
2 days ago
- Business
- Scoop
McClay To Champion NZ's Trade Interests At OECD And In Brussels
Press Release – New Zealand Government Minister for Trade and Investment Todd McClay will travel to Europe to advance New Zealands trade interests. McClay will attend meetings in Switzerland, Paris, and Brussels with various trade ministers and commissioners. Minister for Trade and Investment Trade and Investment Minister Todd McClay will travel to Europe this weekend to advance New Zealand's trade and investment interests Minister McClay will visit Switzerland, Paris and Brussels for high level ministerial and business meetings. In Switzerland he will attend the first in person meeting of a new pro-trade group with ministers from UAE, Singapore and Switzerland where he will focus on removing trade barriers and the promotion of paperless trade. In Paris he will attend the annual OECD Trade Ministers, a CPTPP ministers discussion, ACCTs Ministers meeting, and a WTO Mini Ministerial meeting. He will also hold discussions with ministers from Canada, China, India, Indonesia, Saudi Arabia, USA. He will also undertake a bilateral French programme and meet the French Minister responsible for Trade. In Brussels Mr McClay will hold talks with EU Commissioner for Trade, the Commissioner for Agriculture and Food, and EU Vice President responsible for sustainability. He will also speak at an event to mark the first year of the NZ EU FTA. 'One in four Kiwi jobs depend on Trade, and strong trade relationships mean more opportunities for New Zealander. The Government's is committed to the ambitious goal of doubling exports by value in the next ten years to deliver higher paying jobs for all New Zealanders,' Mr McClay says.
Scoop
2 days ago
- Business
- Scoop
McClay To Champion NZ's Trade Interests At OECD And In Brussels
Minister for Trade and Investment Trade and Investment Minister Todd McClay will travel to Europe this weekend to advance New Zealand's trade and investment interests Minister McClay will visit Switzerland, Paris and Brussels for high level ministerial and business meetings. In Switzerland he will attend the first in person meeting of a new pro-trade group with ministers from UAE, Singapore and Switzerland where he will focus on removing trade barriers and the promotion of paperless trade. In Paris he will attend the annual OECD Trade Ministers, a CPTPP ministers discussion, ACCTs Ministers meeting, and a WTO Mini Ministerial meeting. He will also hold discussions with ministers from Canada, China, India, Indonesia, Saudi Arabia, USA. He will also undertake a bilateral French programme and meet the French Minister responsible for Trade. In Brussels Mr McClay will hold talks with EU Commissioner for Trade, the Commissioner for Agriculture and Food, and EU Vice President responsible for sustainability. He will also speak at an event to mark the first year of the NZ EU FTA. 'One in four Kiwi jobs depend on Trade, and strong trade relationships mean more opportunities for New Zealander. The Government's is committed to the ambitious goal of doubling exports by value in the next ten years to deliver higher paying jobs for all New Zealanders,' Mr McClay says.
