Asia Pacific News
LAST UPDATE: September 25, 2025
South Korea expects US tariff progress at APEC summit, Newsis reports citing presidential adviser
A South Korean presidential adviser expects an early agreement on US tariff talks, possibly during the APEC summit. The adviser noted that an agreement had been reached to lower US tariffs on most South Korean goods from 25% to 15% in exchange for a $350 billion investment in US projects. Discussions are expected to gain momentum ahead of a meeting between the two countries’ presidents.
Insight
The expected progress on US tariffs and a major investment pledge from South Korea signals a strengthening of economic ties between the two nations. This could provide a much-needed boost to South Korean exporters, who have been struggling with high US tariffs, while also supporting US projects.
As trade deficit grows, EU to urge Vietnam to remove barriers, sources say
The European Union plans to pressure Vietnam to lift administrative barriers on EU goods, as the bloc’s trade deficit with Hanoi expands. EU trade commissioner Maros Sefcovic will meet with Vietnamese officials to discuss removing non-tariff barriers for products such as food, pharmaceuticals, and automobiles. The talks are part of a broader effort to diversify trade amid global tensions and new US tariffs.
Insight
This meeting highlights the ongoing challenges of non-tariff barriers, which can be just as restrictive as tariffs. The EU’s focus on removing these barriers is a strategic move to rebalance its trade relationship with Vietnam and secure new markets for its products in an increasingly protectionist global environment.
Takaichi Says BOJ Should Decide Policy Steps, Softening Stance
Sanae Takaichi, a candidate to become Japan’s next prime minister, stated that the Bank of Japan (BOJ) should decide its own policy steps, signaling a potentially less confrontational stance than her previous comments. The BOJ is expected to maintain its wait-and-see approach, with a potential rate hike in January. The unstable political situation is making it difficult for the BOJ to manage policy.
Insight
Takaichi’s softening stance on BOJ policy suggests a recognition of the central bank’s independence and the complexity of the current economic situation. However, the ongoing political uncertainty could still complicate the BOJ’s efforts to manage inflation and monetary policy effectively.
India Seeks Access for Workers in US Trade Talks After H-1B Blow
Following the imposition of a new $100,000 fee for H-1B visas by the US, India is seeking to gain access for its workers in ongoing trade talks. The new fee is expected to significantly impact India’s $283 billion information technology sector. The move challenges the decades-old strategy of rotating skilled talent into US projects.
Insight
This issue highlights the intersection of trade policy and immigration, as the US uses visa fees as a negotiating tool. India’s push for worker access in trade talks shows how countries are now linking the movement of labor with the exchange of goods and services in a globalized economy.
India’s EXIM Bank boosts credit to exporters hit by US tariffs, eyes Africa expansion
India’s EXIM Bank is increasing credit to exporters who have been hit by US tariffs. The bank is also encouraging Indian companies to expand their production in Africa. This strategy aims to help Indian exporters bypass high tariffs by leveraging lower tariffs in African nations.
Insight
This is a proactive and strategic response by India to the challenges of US protectionism. By using EXIM Bank credit and encouraging a shift to Africa, India is helping its businesses maintain a competitive edge and diversify their supply chains and markets.
India tax reforms to ease retail prices, boost consumption, RBI bulletin says
The Reserve Bank of India (RBI) said that recent Goods and Services Tax (GST) reforms are expected to lower retail prices and boost consumption. The reforms have streamlined the GST framework, simplifying rates and processes. This will also benefit micro, small, and medium enterprises by making it easier to do business.
Insight
The RBI’s assessment suggests that these tax reforms could be a significant step toward stimulating domestic demand and improving the business environment. The simplification of the tax structure could lead to greater tax compliance and a more efficient economy.
