Malaysia

Malaysia lays groundwork for ASEAN economic vision 

18 economic priority deliverables to drive regional integration within ASEAN members

Updated 1 year ago · Published on 05 Dec 2024 7:02PM

Malaysia lays groundwork for ASEAN economic vision 
Mastura speaks to reporters on the ASEAN Economic Vision 2045 - December 5, 2024

by Jason Santos

MALAYSIA has presented 18 Economic Priority Deliverables (EPDs) for its ASEAN chairmanship next year, focusing on a five-year strategic plan to transition into the 2025 era of regional integration.

Senior Economic Officials’ Meeting (SEOM) chair Mastura Ahmad Mustafa said the plan is aimed at supporting the ASEAN Community Vision 2045, which seeks to create a dynamic and adaptable 20-year blueprint for economic cooperation.

“The 2026–2030 strategic plan aligns with ASEAN’s long-term goals while allowing flexibility to address rapid changes in the economy and technology,” she said when met at the ASEAN senior officials’ meeting dinner held in Kota Kinabalu last night.

The Economic Priority Deliverables (EPDs) are key initiatives proposed by ASEAN chair nations to drive regional economic integration, address emerging challenges, and support long-term goals like the ASEAN Community Vision.

Mastura noted that the retreat, attended by 57 delegates from nine ASEAN countries and Timor-Leste as an observer, also marked discussions on the conclusion of the ASEAN Economic Community (AEC) Blueprint 2025.

“The Philippines could not join us physically due to scheduling conflicts, but they participated virtually,” she added.

Malaysia’s 2025 ASEAN chairmanship will kick off with three Senior Economic Officials’ Meetings (Siom) in Kuching (January), Penang (April), and Kuala Lumpur (July), followed by ministerial-level discussions in Desaru and the capital.

“These meetings will solidify Malaysia’s contributions to ASEAN’s economic agenda and enhance regional integration,” Mastura said.

The EPDs are expected to focus on trade facilitation, digital economy growth, sustainable development, and connectivity, supporting ASEAN’s goal of becoming a competitive and inclusive economic bloc.

The ASEAN Community Vision 2045, she said, represents a forward-looking strategy for the region, with the five-year plans ensuring the blueprint remains relevant in a rapidly evolving global landscape. – December 5, 2024

Related News

Malaysia / 11h

Malaysia’s baby bust: A silent crisis threatening the nation’s future prosperity

Malaysia / 3d

Malaysia tightens border security: Crackdown hits Thai workers hard along northern frontier

Malaysia / 2w

Malaysians expected to live longer, women to outlive men

Sports & Fitness / 3w

Asian Games: Eain Yow defends gold, contributes nation's fifth medal

Events / 3w

Hong Kong shopping festival makes ASEAN debut in Malaysia

Malaysia / 1mth

Anwar: BRICS can help build fairer global trade, more democratic world order

Spotlight

Malaysia

Bersama suspends Nik Nazmi from party activities for three months

Malaysia

‘We have better things to do than orchestrate khalwat raids’ - Amirudin

Malaysia

Social media posts ‘emerge’- defending Ismail after Tuanku Muhriz’s public rebuke

World

Trump’s Muhammad joke about Iran presidency falls flat at Georgia rally

Health

Haze can cause life-threatening lung inflammation in cats and dogs, vet warns

World

Australia detects deadly H5N1 bird flu on Macquarie Island, threatening elephant seals

Malaysia

Agong warns against using social media to spread hatred, insult others

Malaysia

Nik Nazmi acknowledges he is the individual detained by JAIS

You may be interested

Malaysia

Disabled workers’ public sector representation must more than triple by 2030

Malaysia

Nine suspicious packages at Negeri schools found to contain flour, plastic plates

Malaysia

‘We have better things to do than orchestrate khalwat raids’ - Amirudin

Malaysia

Policeman seriously injured in machete attack during anti-drug raid in Kelantan

Malaysia

Retiree loses RM42,580 to fake ustaz’s RM300k money-doubling scam

Malaysia

Social media posts ‘emerge’- defending Ismail after Tuanku Muhriz’s public rebuke

Malaysia

Najib fund draws questions for UMNO as UM student faces online threat

Malaysia

Thousands surrender medical policies as Malaysia prepares affordable MediAsas cover