How Are ASEAN Economic Ministers Promoting Greater Regional Integration?

Synopsis
At the 25th ASEAN Economic Community Council meeting in Kuala Lumpur, leaders discussed the importance of increasing regional cooperation and intra-ASEAN trade. The ongoing economic environment demands a collective approach to enhance growth and sustainability, a sentiment echoed by Malaysia's Minister of Investment, Trade and Industry, Tengku Zafrul Abdul Aziz.
Key Takeaways
- Enhanced regional cooperation is essential for growth.
- Focus on boosting intra-ASEAN trade.
- ASEAN's response to external pressures is measured and dialogue-driven.
- Progress under the ASEAN Economic Community Blueprint 2025 has been significant.
- The meeting is part of the broader 46th ASEAN Summit agenda.
Kuala Lumpur, May 25 (NationPress) Officials gathered for the 25th ASEAN Economic Community Council (AECC) meeting engaged in discussions focused on enhanced regional collaboration and deeper cooperation, as stated by Malaysia's Minister of Investment, Trade and Industry on Sunday.
During his address as the meeting's chair, Tengku Zafrul Abdul Aziz emphasized that the current economic climate necessitates unity and a dedicated effort to further common goals among the ASEAN member states, according to reports from the Xinhua news agency.
"Moreover, we must explore methods to boost intra-ASEAN trade to lessen our reliance on external partners," he remarked.
He further noted that ASEAN's approach to recent economic shifts from the US has been cautious, prioritizing dialogue over escalation while maintaining the group's interests at the forefront.
"The economic context we are currently facing calls for a renewed determination, not retreat," Zafrul stated.
He also highlighted the advancements made under the ASEAN Economic Community Blueprint 2025, which acts as a strategic guide for fostering a well-integrated and cohesive ASEAN economy.
"Through the Blueprint, ASEAN has achieved notable progress in areas such as trade liberalization, investment facilitation, development of MSMEs (micro, small, and medium enterprises), digital transformation, and sustainable economic initiatives," he conveyed.
The 25th AECC meeting coincides with the 46th ASEAN Summit, held under Malaysia's leadership for 2025, themed "Inclusivity and Sustainability."