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Experts attribute Southeast Asian countries’ ‘hedging behaviour’ to external uncertainties, while cautioning that the lack of cohesiveness among ASEAN member states may cost ASEAN’s centrality in the new trade order
Experts speaking at the ASEAN Roundtable Series on the topic of “How does ASEAN navigate the new trade [dis]order?” organised by CIMB ASEAN Research Institute (CARI) traced the roots of hedging behaviour and identified lack of cohesiveness as some of the weaknesses that ASEAN has to overcome while navigating the
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Deputy Minister Dr. Ong Kian Ming: Malaysia is committed to multilateral trade pacts and ASEAN must demonstrate the collective political will to pursue shared prosperity through the acceleration of economic integration
Deputy Minister in the Ministry of International Trade and Industry of Malaysia, Dr. Ong Kian Ming, said that the present administration is committed to expediting the economic integration of ASEAN as laid down in the ASEAN Economic Community (AEC) Blueprint 2025. Despite the fiscal challenges facing the present Malaysian government,
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ASEAN Business Club signs Memorandum of Understanding with ASEAN Business Advisory Council and ASEAN Bankers Association for the Formation of ASEAN-BAC Joint Business Council Financial Services Working Group
ASEAN Business Club (ABC), ASEAN Business Advisory Council (ASEAN-BAC) and ASEAN Bankers Association (ABA) today signed a Memorandum of Understanding (MOU) to strengthen cooperation and collaboration through ASEAN-BAC Joint Business Council Financial Services Working Group.
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EU trade expert urges SMEs to leverage the ASEAN Solutions for Investments, Services and Trade (ASSIST) mechanism to flag unfair Non-Tariff-Measures (NTMs)
EU trade expert calls for private sector to fully utilise the ASEAN Solutions for Investments, Services and Trade (ASSIST) as the best platform to address intra-ASEAN trade problems that limit SMEs’ ability to take advantage of the ASEAN Economic Community (AEC) - the regional integration agenda that has an end
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ASEAN economic integration is making progress but further deepening of market integration and greater momentum are imperative to meet the AEC 2025 targets
ASEAN economic integration is making progress but further deepening of market integration and greater momentum are imperative to meet the AEC 2025 targets. Dr. Aladdin D. Rillo, Deputy Secretary-General of the ASEAN Economic Community (AEC) said that the AEC, whose end goals include eliminating tariff barriers, reducing costs and enhancing competitiveness
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ASEAN must uphold rules-based free markets for trade and investment as a bloc in spite of potential short-term opportunistic benefits brought on by the U.S.-led trade wars
While ASEAN member states typically will respond to the United States-China trade war on the basis of individual national interests, it is also in the member states’ national interest to collectively make ASEAN economic integration and beyond more real in order to position the East Asian Region as the bedrock
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Holistic policy approach and adequate safety nets imperative to withstand possible crisis in ASEAN while structural reform is key to long term financial resilience
Experts cautioned that the escalating trade conflict between the U.S. and its major trading partners coupled with the strengthening of the U.S. dollar are putting pressure on the short-term macroeconomic outlook, as well as posing significant policy challenges on Asian emerging markets economies, including ASEAN. ASEAN policymakers must pursue holistic
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ASEAN policymakers urged to intensify facilitation of skilled labour mobility and education reforms to address extreme skills deficit
ASEAN need to intensify the intra-ASEAN skilled labour mobility in the near term, as well as implement urgent education reforms and workforce reskilling agenda in the long-term to remedy the extreme skills deficit, accentuated by the skills demand brought upon by the rapid digital revolution.
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ASEAN economic integration making progress but ASEAN must pursue a regional policy approach and concerted cross-sectoral efforts to fast-track integration
Progress towards realising the goals of the ASEAN Economic Community (AEC) 2025 remains steady and ASEAN will continue to work closely to implement the deliverables under the AEC 2025 agenda. Singapore as the Chair of ASEAN in 2018 had identified 12 economic priority deliverables focusing on innovation and digital economy.
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Review of trade and investment policies imperative to creating an inclusive ASEAN digital economy
Despite the projection that the digital economy will add US$1 trillion to ASEAN GDP by 2025, there are policy hurdles that must be overcome by ASEAN to realise the digital economy potential for the region which now has a combined GDP of over US$2.6 trillion.
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