The prime minister also urges the grouping and Beijing to step up their bilateral and multilateral trade ties.
NANNING: Asean and China must make collective efforts focusing on regional peace, stability and prosperity, and fostering bilateral and multilateral trade relations, said Prime Minister Anwar Ibrahim.
This is in the face of post-pandemic challenges, geopolitical tensions and a host of other destabilising factors, Anwar said in his opening remarks at the 20th China-Asean Expo and the China-Asean Business and Investment Summit here today. He said Asean will remain as one of the fastest-growing regions in 2023, and it is vital for the grouping and China to diversify their trade and investment strategies.
“Despite global economic challenges, Asean remains an attractive destination for international investment, charting an economic growth of 5.5% in 2022, with 4.6% projected for 2023. “This trajectory places Asean well above the global average, which the International Monetary Fund has forecast at 3.5% for 2022 and 3% for 2023 and 2024,” he said.
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