Posted inLatest NewsPolitics & Economics

ASEAN reaches agreement on a new regional cooperation platform

The initiative for ASEAN Concord IV has been put forward by the current chair, Indonesia

Jakarta

Foreign ministers from the Association of Southeast Asian Nations (ASEAN) reached an agreement on Monday on a new regional cooperation platform called ASEAN Concord IV.

The agreement was reached during the ongoing summit in Jakarta.

The initiative for ASEAN Concord IV has been put forward by the current chair, Indonesia.

The new platform is expected to “serve as the foundation for ASEAN Community’s Vision 2045”, while strengthening the regional bloc’s ability to address future challenges, Indonesian Foreign Minister Retno Marsudi said, when chairing the ASEAN Coordinating Council meeting.

ASEAN is already facing significant challenges today, and they will become even more substantial in the future, she said.

“The member countries should have the courage to take bold steps to ensure the bloc remains relevant in changing conditions and that differences among members should not hinder ASEAN’s progress,” Marsudi said.

Follow us on

For all the latest business news from the UAE and Gulf countries, follow us on Twitter and LinkedIn, like us on Facebook and subscribe to our YouTube page, which is updated daily.

Nicole Abigael

Nicole Abigael is a Reporter at Arabian Business and the host of the AB Majlis podcast. She covers a diverse range of topics including luxury real estate, high-net-worth individuals, technology, and lifestyle...