ASEAN and EU back trade growth
The ASEAN Economic Ministers and the European Union reaffirmed their commitment to strengthening trade and investment relations, supporting supply chains, and addressing the geopolitical implications and global economic disruptions. Statistics show that bilateral trade reached $318.8 billion in 2025, with the European Union investing $31.3 billion in ASEAN countries, making the EU the third-largest trading partner and the largest source of foreign direct investment. Both parties renewed their commitment to an open and fair global trading system and emphasized the importance of reforming the World Trade Organization to better respond to current economic challenges. They also welcomed Timor-Leste's accession to ASEAN and expressed their support for its full integration into the regional economy.
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