ASEAN Nations Extend Trade Restriction Moratorium on Essential Goods

The Association of Southeast Asian Nations renewed a memorandum of understanding that presents trade restrictions on imports of certain “essential goods and supplies,” the Hong Kong Trade Development Council reported this month. The MOU was renewed until Nov. 30, 2024, and covers 351 tariff lines, including 92 new lines agreed to this month. It covers various agricultural products, food items, pharmaceuticals, sanitary goods and products relating to vaccines.