Intra-Asean trade must rise beyond 25pct, says Mohamad Hasan
PUTRAJAYA: Asean must increase trade among its member states, which currently accounts for less than 25 per cent of the bloc’s total trade, if the region is to fully realise its potential as one of the world’s largest economies.
Foreign Minister Datuk Seri Mohamad Hasan has emphasized the need for intra-Asean trade to surpass 25 per cent of the bloc's total trade in order to maximize its potential as one of the world's largest economies. Currently, intra-Asean trade accounts for less than 25 per cent, and this figure must be significantly increased for the region's growth.
During a press conference following the 59th Asean Day celebration, Mohamad stated that Asean is increasingly focusing on becoming a more influential economic bloc rather than primarily political issues. The Malaysian Foreign Minister highlighted the importance of strengthening trade links among member states through mechanisms that facilitate the free movement of goods across borders.
He also stressed that stronger intra-Asean trade is crucial for ensuring the equitable sharing of benefits among all member states. The Philippines, currently chairing Asean, continues proposals and resolutions adopted during Malaysia's chairmanship, with Malaysia committed to playing an important role in realizing the Asean Community Vision 2045, with trade as a key pillar.
Written by urgent.news from New Straits Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
