Asean seeks to expand membership in RCEP, CPTPP to boost regional economic integration

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The Star 11h ago

Asean seeks to expand membership in RCEP, CPTPP to boost regional economic integration - The Star

Quick Summary:

KUALA LUMPUR: ASEAN is seeking to expand membership in two key trade agreements - the Regional Comprehensive Economic Partnership (RCEP) and Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) - as part of efforts to strengthen regional economic integration.

According to him, ASEAN's adherence to the principles of neutrality and non-alignment allows the region to voice its position independently in forums such as APEC, which he described as an important platform to raise the concerns and interests of the world's fifth-largest economy.

"Malaysia is fully committed to making this year of its ASEAN chairmanship a defining year for deeper ASEAN economic integration,” he added.