Japan and ASEAN to consider expanding trade pact
At a meeting in Manila, participants expressed interest in strengthening cooperation in energy security, AI and supply chains, among other fields.
Manila – Japanese and ASEAN officials concluded a meeting in Manila on Sunday with plans to study expanding the Japan-ASEAN economic partnership agreement, according to trade minister Ryosei Akazawa. The delegation discussed bolstering collaboration in areas such as energy security, artificial intelligence, and supply chains. Akazawa expressed hope that these strengthened ties would further solidify the existing robust economic relationship.
Prior to the meeting, Philippines' secretary of trade and industry Cristina Roque highlighted the growing importance of Japan-ASEAN cooperation in the face of increasing global uncertainties. The joint statement reiterated their commitment to addressing geopolitical tensions and potential disruptions to vital energy supply routes, vowing to avoid actions that could weaken the global economy.
Japan and ASEAN nations heavily depend on the Middle East for oil, but are actively seeking to diversify their energy sources.
Written by urgent.news from Japan Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
