Marcos assures ASEAN’s commitment to uphold stability, deepen economic cooperation

President Ferdinand Marcos Jr on Monday assured the private sector of ASEAN’s commitment to uphold stability and deepen economic cooperation amid concerns over global trade tensions and policy uncertainties.

Speaking during the ASEAN leader’s interface with representatives of the ASEAN Business Advisory Council during the 46th ASEAN Summit in Kuala Lumpur, Malaysia, the Philippine leader assured that the regional bloc will work to ensure that trade remains both open and secure to “foster a more trusted and resilient economic environment within the region and beyond.”

Marcos Jr’s statement comes as the region grapples with uncertainty over the imposition of increased tariffs by the Trump administration. This year’s ASEAN Chairman and Malaysian Prime Minister Anwar Ibrahim had said that he had requested President Donald Trump to meet collectively with ASEAN countries to discuss the issue, even as countries including the Philippines have already started bilateral negotiations with the United States.

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