European Union & ASEAN

European Union: The European Union provisionally enacted a trade deal with Mercosur, aiming to boost exports, diversify trade, and counter US tariffs. This move is expected to benefit EU businesses and consumers, despite opposition from some farmers and environmental groups.

ASEAN: ASEAN countries have absorbed a significant portion of redirected Chinese exports due to United States tariffs.

European Union: South Korea's exports to the European Union climbed 8.5% to $7.19 billion.

ASEAN: South Korea's shipments to the ASEAN surged 64% to $15.41 billion.

ASEAN: Canada is negotiating a free trade pact with ASEAN, as part of its broader strategy to diversify trade relationships.