Asean is intensifying its economic integration amid global challenges. Read more at straitstimes.com.
SINGAPORE - Asean is intensifying its economic integration to improve cross-border trade and investment flows, including unlocking a potential US$2 trillion in its digital economy by 2030.
and to be officially acknowledged by the Asean leaders at the 23rd Asean Summit in Jakarta next month, it said. “A rules-based trading environment, and capturing the potential of digitalisation and sustainability are important for businesses in the region. Singapore will continue to work in partnership with Asean member states to deepen Asean’s value proposition as an attractive trade and investment region for our global partners,” Mr Gan said in a statement released by the Ministry of Trade and Industry .
Several mutual recognition arrangements were also signed for particular areas such as building and construction materials and food safety regulations.
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