Asean ministers meet in Manila to discuss reducing economic dependence on the US and China amid rising trade tensions
Amid growing trade tensions, the Association of Southeast Asian Nations (Asean) is intensifying efforts to reduce its economic dependence on both the United States and China. Economic ministers from Asean convened in Manila on Friday, highlighting the urgency of seeking new markets and bolstering regional cooperation to mitigate uncertainties in global supply chains exacerbated by recent U.S. tariff investigations. Asean's economic framework focuses on strengthening the confidence of business and investors within the bloc. In their latest statement, ministers underscored the commitment to collaborating with industry stakeholders, external partners, and development organizations. The goal is to reinforce regional supply chains... [Continue Reading]
