ASEAN will struggle to resolve regional problems
Wednesday, February 21, 2018
Subject
Singapore's leadership of ASEAN.
Significance
At the start of last month, Singapore took over as chair of ASEAN. The regional grouping faces pressing challenges of diplomacy, trade and banking.
Impacts
- ASEAN-China relations will be stable whereas ASEAN-US relations will depend on the Trump administration’s priorities.
- ASEAN Economic Community integration will remain slow.
- Bank liberalisation will favour wealthier ASEAN states.
- New e-commerce taxes and regulations will be implemented nationally without coordination by ASEAN.