Marcos supports ASEAN's non-retaliatory measures on US tariffs
KUALA LUMPUR — President Ferdinand ''Bongbong'' Marcos Jr. on Monday backed the ASEAN's non-retaliatory measures as regards the recent shifts in the United States' tariff policy.
''We commend Malaysia's leadership in convening this special ASEAN Economic Ministers' Meeting and welcome the consensus to avoid retaliatory measures. This measured and unified approach upholds ASEAN's commitment to dialogue, diplomacy, and a rules-based multilateral trading system,'' Marcos said in his intervention at the ASEAN plenary.
He said that the ''unexpected trade barriers'' could disrupt communities, supply chains, and the bloc's hard-earned progress.
''Yet by working together, strengthening our institutions, and building the resilience and capacities of our people, we can better navigate this increasingly uncertain future and turn challenges into opportunities for shared growth and stability,'' Marcos said.
In his departure speech on Sunday, the Philippine President highlighted the need for a proper response of the regional bloc as regards Washington's new tariff schedule.
The Philippines has already made informal consultations with fellow ASEAN member states as regards the matter, according to Marcos.
Philippine officials already met with US Trade Representative Jamieson Greer and tackled 'mutually beneficial ways to strengthen the bilateral relations' amid the 17% tariff rate imposed by Washington on Manila.
During the ASEAN Economic Community Council Meeting, its chairman, Tengku Datuk Seri Utama Zafrul Tengku Abdul Aziz, said the US reciprocal tariff policy has prompted the bloc to collectively understand, adapt to, and strategically engage with the shifts.
''Instead of retaliation, we have chosen dialogue and cooperation with a clear commitment among ASEAN member states to not impose retaliatory measures, emphasizing that open communication is key to a balanced and sustainable relationship,'' Aziz said.
''This prudent stance has already averted escalation and preserved the foundation for engagement between ASEAN, not just with the US, but with other major economies as well,'' he added. —AOL, GMA Integrated News
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
GMA Network
an hour ago
- GMA Network
Cebu Pacific offers P12 one way base fare for ‘Kalayaan Seat Sale'
In celebration of the Philippines' Independence Day, budget carrier Cebu Pacific on Wednesday announced the launch of 'Kalayaan Seat Sale.' In a news release, Cebu Pacific said select domestic and international destinations could be booked for as low as P12 one-way base fare, exclusive of fees and surcharges, from June 11 to 15. The travel period for the booked promo flights is from December 1, 2025 to May 31, 2026. Cebu Pacific said operates in 37 domestic and 26 international destinations spread across Asia, Australia, and the Middle East. The airline said it offers various payment options, including credit or debit cards and e-wallets, to book flights and buy add-ons. — LA, GMA Integrated News
GMA Network
2 hours ago
- GMA Network
First Lady Liza inspects ongoing renovations at PICC for ASEAN 2026
First Lady Louise ''Liza'' Araneta-Marcos inspected the ongoing renovations and preparations at the Philippine International Convention Center (PICC) for the ASEAN 2026. ''This iconic space has been a witness to many pivotal chapters in our history -- and now, it's being primed to host the world once more,'' Liza said in a social media post. ''My heartfelt thanks to the efficient PICC team and to our ASEAN National Organizing Committee for their dedication in making this landmark a venue that reflects not just our hospitality, but our strength, our progress and our vision for the region,'' she added. The Philippines will host the ASEAN Summit and Related Summits next year. To recall, the Office of the President's budget for fiscal year 2025 was increased as it asked for supplemental funds for the Philippines' hosting of the ASEAN Summit and its related meetings. The ASEAN aims to accelerate economic growth, social progress and cultural development in the region through joint endeavors in the spirit of equality and partnership that will strengthen the foundation for a prosperous and peaceful community of Southeast Asian nations. The bloc also aims to promote regional peace and stability through abiding respect for justice and the rule of law in the relationship among countries of the region and adherence to the principles of the United Nations charter. — Anna Felicia Bajo/RSJ, GMA Integrated News
GMA Network
15 hours ago
- GMA Network
Marcos declares state of calamity in Eastern Visayas over San Juanico bridge fix
The 2.16-kilometer San Juanico Bridge, one of the longest in the Philippines, links Samar and Leyte provinces in the Visayas. President Ferdinand Marcos Jr. has issued Proclamation No. 920, placing Eastern Visayas under a state of calamity for a year, to give way for the repairs on San Juanico Bridge. Marcos said the state of calamity took effect on June 5 and may be lifted earlier or extended depending on the circumstances. The 2.16-kilometer San Juanico Bridge, one of the longest in the Philippines, links Samar and Leyte provinces in the Visayas. 'The declaration of a State of Calamity will, among others, hasten the repair and rehabilitation of the San Juanico Bridge, and afford the National Government, as well as local government units (LGUs), ample latitude to utilize appropriate funds for the repair and safety upgrading of the subject public infrastructure,' the proclamation read. Marcos ordered the Department of Public Works and Highways (DPWH) in coordination with concerned LGUs to 'expedite all measures necessary to repair and rehabilitate the San Juanico Bridge fully.' The President also directed the Department of Budget and Management (DBM) to assist the DPWH in identifying funding sources for the rehabilitation of the bridge. Further, law enforcement were tasked to 'undertake urgent response to ensure the safety of the people affected by the critical condition of the San Juanico Bridge, as well as all necessary measures to ensure peace and order in the affected areas, subject to existing laws, rules and regulations.' 'There is an urgent need to repair and rehabilitate the San Juanico Bridge to ensure timely delivery of essential goods and services and restore regional mobility,' said Marcos in a statement. The bridge was a project of the late President Ferdinand Marcos Sr. — BAP, GMA Integrated News
