From October 26th to 28th, the 47th ASEAN Summit and related summits will be held in Kuala Lumpur, Malaysia. The Malaysian National News Agency (Bernama) paid attention to the upcoming summit, sayingThe partnership between the three East Asian countries and ASEAN is entering a pragmatic new phase, marked by cooperation and mutual interests, which will determine regional economic growth over the next decade.

Ma news website.

Eastern Asia-ASEAN cooperation is more mature and stable

At present, ASEAN¡¯s trade and investment ties with China and Japan and South Korea remain strong, according to the report, citing Malaysian economist Mohammad Said Jatan, who said that initiatives such as the ASEAN power grid, the regional semiconductor framework and the domestic currency settlement system will help narrow the structural gap in the ASEAN region.Climate change and AI governance are expected to become new areas of cooperation between ASEAN and East Asia.¡£

Based on the ASEAN-China-Japan-Korea Cooperation Mechanism (10+3) and the Regional Comprehensive Economic Partnership Agreement (RCEP) framework, East Asia-ASEAN cooperation has entered a more mature and robust phase.

The 47th ASEAN Summit will drive regional growth

Ma Xinshe reported that driven by a new round of investment inflows, favorable demographic structure and stronger connectivity within the region, ASEAN's gross domestic product (GDP) is expected to reach US$4.5 trillion by 2030, and"East Asian partners remain at the core of this prospect"¡£ The economic agenda of this ASEAN Summit will revolve around three major themes-digital transformation, sustainable growth and integration of high-value industries, which will further support cooperation between ASEAN and East Asia. The report quoted Malaysian economist Mohd Saidi Jatan as saying that,The upcoming ASEAN Summit could be a turning point in regional integration¡£

The economist also expects the upgrades to China-ASEAN Free Trade Area 3.0 and ASEAN Goods Trade Agreement will fully unlock the potential of the Regional Comprehensive Economic Partnership Agreement.Cooperation between East Asia and ASEAN is shifting from interdependence to mutually promoting models.£¬Benefit both sides¡£

Translated to Good.