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Trade

Logistics: ASEAN's multibillion-dollar key to a COVID recovery

As troubled bloc gathers, OECD advises how to maximize trade efficiency

A container terminal in Malaysia: The OECD estimates ASEAN's potential benefits from reduced freight costs, greater competition and increased trade at $4.5 billion per annum, but knock-on effects could push that number much higher.   © Getty Images

BANGKOK -- Brunei Darussalam, the Association of Southeast Asian Nations' rotating chair for this year, has struggled under the overly cheerful banner "We care, we prepare, we prosper."

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