ASEAN member states are addressing tariff and non-tariff barriers to enhance efficiency in negotiations, according to Indonesian Finance Minister Sri Mulyani Indrawati. She welcomed the 90-day pause on reciprocal tariffs by the United States, emphasizing its potential to foster positive global trade relations.
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ASEAN Forges Path to Tackle Trade Barriers Amid US Tariffs
Sri Mulyani highlighted ASEAN’s ability to manage economic shocks, citing past experience with crises like the Asian financial crisis, global economic downturns, and COVID-19. She stressed the importance of refining trade and investment policies to adapt to challenges posed by recent tariff changes and ensuring stability in global markets.
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