Recent U.S. trade pressure is unexpectedly bringing Southeast Asian nations and China closer together, strengthening their economic partnership through the Regional Comprehensive Economic Partnership (RCEP) trade agreement, analysts say.
00:00Recent U.S. trade pressure is unexpectedly bringing Southeast Asian nations and China closer together,
00:06strengthening their economic partnership through the Regional Comprehensive Economic Partnership RCEP trade agreement, analysts say.
00:13U.S. trade protectionism have accelerated economic integration within RCEP, the world's largest free trade deal,
00:20with all 15 member countries pledging to deepen ties.
00:24Several additional economies have applied to join it.
00:27So it's just a matter of time, getting the parameters right, to make sure that parties that come and join us are of the same mind,
00:38and having the same basic principles of wanting to promote trade and regional integration.
00:46Like fellow ASEAN members, Malaysia, which holds the rotating ASEAN chairmanship for the 2025,
00:52faces an uncertain trade partnership with the U.S. due to fluctuating tariffs.
00:57None of this means that ASEAN will spurn U.S. trade or investment,
01:17though analysts say relations between ASEAN and America moving forward will be tempered by a new sense of weariness.
01:24ASEAN countries are trying to sort of realign their supply chain to buffer against the impact of the trade war.
01:34That is the short-term impact.
01:37I think the medium and long-term impact is this.
01:41The kind of trust that we have had on the U.S. and more broadly the Western-led economic order has been seriously undermined.
01:50That is the incidence of the U.S. and the U.S. and more specifically the U.S. and more broadly the form of attributes and we need to be able to support the US-led economy.
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