26-05-2025
Marcos says trade regulations must not become 'barriers'
KUALA LUMPUR — President Ferdinand ''Bongbong'' Marcos Jr. on Monday underscored that regulations on trade should not become barriers to ensure that goods and services will flow smoothly.
''While regulations are certainly necessary, we must ensure that they do not become trade barriers. At the same time, ASEAN can begin looking into strategic trade management to equally ensure secure trade in our region,'' Marcos said during the ASEAN Leaders Interface with Representatives of ASEAN Business Advisory Council.
Marcos said that even as trade tensions and policy uncertainties remain, the private sector can find assurance in the regional bloc's quiet resolve to uphold stability and deepen economic cooperation.
''By ensuring that trade remains both open and secure, we aim to foster a more trusted and resilient economic environment within the region and beyond,'' Marcos said.
The Philippines remains committed to working together with ASEAN-BAC ''to build a future-ready ASEAN that is united in purpose, bold in vision, and inclusive in progress,'' according to the Philippine President.
Meanwhile, Marcos said there is a need to continue investing in the people as a digitally literate and adaptable workforce is the foundation for any progress.
He said the AI Engagement Platform offers a timely and strategic approach to digital governance across the region.
''By fostering collaboration on responsible and inclusive AI, it ensures that technological advancements benefit all segments of society. We fully support this initiative and recognize its potential for a future ASEAN Centre of Excellence for AI, built on innovation, ethical standards, and transparency,'' Marcos said. —RF, GMA Integrated News
