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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 new trade uncertainties.

By |2019-10-17T06:20:45+08:00April 5th, 2019|Press Releases|0 Comments

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, Dr. Ong says that Putrajaya remains committed to pursuing the integration agenda as it will deliver net gain for Malaysia and ASEAN.

By |2019-10-17T06:20:32+08:00March 12th, 2019|Press Releases|0 Comments

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.

By |2019-10-17T06:20:24+08:00January 23rd, 2019|Press Releases|0 Comments

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 goal to facilitate the free movement of goods, services, investment and freer flow of capital across ASEAN.

By |2019-10-17T06:20:13+08:00January 8th, 2019|Press Releases|0 Comments

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 among ASEAN member states, has achieved substantial targets to date.

By |2019-10-17T06:19:00+08:00September 26th, 2018|Press Releases|0 Comments

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 of future expansion and prosperity.

By |2019-10-17T06:18:46+08:00August 14th, 2018|Press Releases|0 Comments

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 policy mix to prepare the region for potential near-term economic and financial hazards, given its high exposure to global and regional trade.

By |2019-10-17T06:18:31+08:00July 26th, 2018|Press Releases|0 Comments

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.

By |2019-10-17T06:18:09+08:00July 20th, 2018|Press Releases|0 Comments

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.

By |2019-10-17T06:16:54+08:00July 20th, 2018|Press Releases|0 Comments