KUALA LUMPUR, Sept 14 — Asean’s sectoral bodies must continue to work together to speed up the completion of the remaining initiatives under the Asean Comprehensive Recovery Framework , given the rising uncertainties in the current global economic environment.
He said the lessons learnt during its implementation will significantly aid in the formulation of a resilient Asean Post-2025 Vision agenda. Stressing the importance of enhancing supply chain security, the minister also proposed the introduction of a regional stockpile initiative, where each country would keep a national stockpile of critical products that the particular country has a comparative advantage relative to other trading partners.
Given the paramount importance of supply chain resilience, he said it is imperative and timely to review the Asean Trade in Goods Agreement , so as to withstand future shocks and challenges as well as cater to the ever-changing business needs.
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