Indonesian Political, Business & Finance News

Philippines Urges Stronger ASEAN to Face Global Uncertainties

| Source: ANTARA_ID Translated from Indonesian | Trade
Philippines Urges Stronger ASEAN to Face Global Uncertainties
Image: ANTARA_ID

Jakarta (ANTARA) - The Philippines views a more coordinated and integrated Association of Southeast Asian Nations (ASEAN) not merely as an aspiration, but as a necessity amid escalating geopolitical uncertainties.

At a press conference in the International Media Center in Cebu for the 48th ASEAN Summit on Wednesday, Deputy Minister of the Department of Trade and Industry (DTI), Allan Gepty, stated that uncertainties stemming from crises in the Middle East are once again testing economic resilience worldwide, including for ASEAN’s 11 member countries.

“The current crisis underscores the need to deepen cooperation. National responses alone are insufficient,” said Gepty, as quoted from the official ASEAN 2026 website.

“We must strengthen regional coordination, particularly in energy resilience, food resilience, logistics, and supply chain resilience… A more integrated ASEAN is not just an aspiration; it is a necessity,” he stressed.

Gepty added that ASEAN’s strength lies in its unity and cooperation, describing the regional bloc as a coordinated, responsive, and forward-looking economic community.

He stated that ASEAN integration over the decades has delivered real benefits to its member countries, including the Philippines.

Regional trade enables producers, businesses, and farmers to access broader markets, while micro, small, and medium enterprises (MSMEs) can participate in regional value chains, he continued.

“This is not just an abstract idea. These are real, everyday benefits stemming from our regional cooperation,” said Gepty.

Gepty remarked that the importance of ASEAN becomes even clearer during crises. According to him, when energy prices rise, supply chains tighten, and inflationary pressures increase, ASEAN provides a platform for stability.

“Through regional cooperation, we help keep trade flows running, avoid unnecessary restrictions, and maintain investor confidence,” he stated.

Gepty also emphasised Cebu’s strategic role as host of the 48th Summit, positioning it as a logistics and economic hub at the crossroads of trade, tourism, and maritime connectivity in the region.

“By strengthening its role as a gateway for trade and services, Cebu can help ensure supply chains remain efficient and economic activities continue despite external disruptions. Thus, this bolsters the Philippines’ role as a reliable and proactive partner in ASEAN,” he said.

Looking ahead, Gepty stated that the Philippines’ ASEAN chairmanship presents a key opportunity to help shape the region’s economic future.

He mentioned the country’s Economic Outcomes Priorities, including the implementation of the memorandum of understanding on the ASEAN Power Grid, promotion of regenerative and resilient agricultural systems, encouragement of foreign investment in high-growth green sectors, development of digital trade rules, and expansion of trade partnerships.

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