The Association of Southeast Asian Nations (ASEAN) and Germany have agreed to intensify efforts to strengthen their development partnership.
To counter the growing risk of geopolitics, it is important to have more mutual investments and collaborations between countries and regions to truly achieve global economic prosperity, experts say.
Vietnam will remain the region’s fastest growing digital economy between 2023-2025, according to the 8th edition of the e-Conomy SEA Report published on November 7 by Google, Temasek and Bain & Company.
Singapore and Malaysia are partnering to create a special economic zone (SEZ) in Malaysia’s Johor state (JS-SEZ), adjacent to the Singaporean border. The joint effort is designed to foster stronger business connections and improved connectivity between the two countries, as the region combats a global economic slowdown. Malaysia have given Singapore a short timeline to agree on the zone’s key parameters.
The Interior Minister expressed his belief that the realization of this project will position Thailand as the ASEAN transportation hub, effectively bridging the region with the global market.
The Biden administration will seek to gain support for its economic policy and deepen security ties with Southeast Asia, but U.S.-China tensions may hamper progress at the Asia-Pacific Economic Cooperation summit.
The two sides agreed on the importance of connectivity to regional peace, stability and prosperity, as well as to the implementation of the ASEAN outlook on the Indo-Pacific.
Indonesian Agriculture Minister Andi Amran Sulaiman expressed optimism that the country will become the world food barn by 2028, and is determined to convert swamp areas into agricultural land.
<p>Time: 2024 By: Ministry of Industry and Trade</p>
