The Association of Southeast Asian Nations (ASEAN) plans to hold a summit with the United States to discuss tariffs and trade concerns, Malaysia’s trade minister said. The summit aims to strengthen trade relations between the two sides and resolve existing issues.
Malaysia’s Trade Minister Tengku Zafrul Aziz said in a statement that ASEAN countries will express their concerns over the tariffs imposed by the United States. In particular, it was emphasized that the tariffs imposed by the US on sectors such as steel and aluminum negatively affect the exports of ASEAN countries. “As ASEAN, we want to make our trade relations with the US more fair and balanced. The summit to be held in 2025 will be an important opportunity to address these issues.” It was also stated that issues such as increasing ASEAN’s exports to the US and evaluating investment opportunities will also be on the agenda. The US is an important trade partner for ASEAN countries. However, tariffs and trade policies implemented in recent years have affected the economies of the countries in the region. ASEAN aims to establish a more comprehensive dialog with the US and reduce trade barriers through this summit.
The details of the summit and the participants have not yet been finalized, but it is expected to be an important step in the future of trade relations between ASEAN countries and the US. This dialog between the two sides could also contribute to balancing global trade.
