ASEAN agrees to lower barriers to boost regional trade

Bloc to sign key new agreement in October amid global economic tension

20250526 Anwar ASEAN waits.JPG

Malaysia's Prime Minister Anwar Ibrahim waits to welcome regional leaders to the plenary session of the 46th ASEAN Summit in Kuala Lumpur on May 26 © Reuters

TSUBASA SURUGA and NORMAN GOH

KUALA LUMPUR -- Southeast Asian leaders are pushing to deepen economic integration at a regional summit that began Monday, approving an upgraded trade agreement and endorsing a new long-term vision in their first meeting since Washington announced sweeping tariffs in April.

In an effort to mitigate geopolitical risks, the bloc has just concluded negotiations on an upgraded ASEAN Trade in Goods Agreement (ATIGA), set to be formally signed at the annual October summit. The revised deal aims to lower remaining tariffs and remove non-tariff barriers to improve trade flows among member states.

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