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Malaysia Sun
3 days ago
- Business
- Malaysia Sun
Asian Leaders Voice Concerns over US Tariffs
Speaking at the 30th "Future of Asia" international forum held in Tokyo from May 29 to 30, Singapore's Deputy Prime Minister Gan Kim Yong warned that the current global trade order is under threat, Xinhua reported. He urged Asian countries to stand united in addressing trade issues arising from the US tariffs and emphasized the importance of expanding cooperation through the Association of Southeast Asian Nations and the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), particularly in trade and industry. Cambodian Prime Minister Hun Manet said that trade wars undermine a free, open, inclusive, and rules-based multilateral trade system, disproportionately affecting the most vulnerable. He called for unity among nations facing tariff-related pressures. Lao President Thongloun Sisoulith underscored the importance of peaceful coexistence and mutual respect, noting that while Laos has limited trade with the United States, high tariffs could still impact its economy and investment climate. Vietnamese Deputy Prime Minister Nguyen Chi Dung said US tariffs are having a tangible effect on Vietnam's exports and investment. Former Malaysian Prime Minister Mahathir Mohamad criticized the US tariff measures, saying they could harm the American economy and drive up living costs domestically. Since its inception in 1995, the "Future of Asia" forum, hosted annually by Nikkei Inc., has served as a key platform for discussing regional cooperation. This year's forum focused on how the region can foster prosperity and economic growth through collaboration.


Malaysia Sun
3 days ago
- Business
- Malaysia Sun
Asian leaders voice concerns over U.S. tariffs
TOKYO, May 31 (Xinhua) -- Political leaders and former heads of state from across Asia have expressed concerns over the U.S. government's tariff policies, calling for greater unity among Asian nations to overcome shared challenges. Speaking at the 30th "Future of Asia" international forum held in Tokyo from May 29 to 30, Singapore's Deputy Prime Minister Gan Kim Yong warned that the current global trade order is under threat. He urged Asian countries to stand united in addressing trade issues arising from the U.S. tariffs and emphasized the importance of expanding cooperation through the Association of Southeast Asian Nations and the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), particularly in trade and industry. Cambodian Prime Minister Hun Manet said that trade wars undermine a free, open, inclusive, and rules-based multilateral trade system, disproportionately affecting the most vulnerable. He called for unity among nations facing tariff-related pressures. Lao President Thongloun Sisoulith underscored the importance of peaceful coexistence and mutual respect, noting that while Laos has limited trade with the United States, high tariffs could still impact its economy and investment climate. Vietnamese Deputy Prime Minister Nguyen Chi Dung said U.S. tariffs are having a tangible effect on Vietnam's exports and investment. Former Malaysian Prime Minister Mahathir Mohamad criticized the U.S. tariff measures, saying they could harm the American economy and drive up living costs domestically. Since its inception in 1995, the "Future of Asia" forum, hosted annually by Nikkei Inc., has served as a key platform for discussing regional cooperation. This year's forum focused on how the region can foster prosperity and economic growth through collaboration.


GMA Network
27-05-2025
- Business
- GMA Network
DFA Secretary Manalo to speak at ‘Future of Asia' forum in Tokyo
Foreign Affairs Secretary Enrique Manalo will embark on a working visit to Japan from May 28 to 30, 2025, where he will speak at an international forum. Manalo will be one of the speakers at Japanese media organization Nikkei Inc.'s 'Future of Asia' (FOA) forum, an annual gathering of political, economic, and academic leaders from across the Asia-Pacific region. This year's forum carries the theme 'Asia's Challenge in a Turbulent World,' reflecting the region's shared concerns amid rising geopolitical tensions and economic uncertainties. The FOA forum, launched in 1995, serves as a platform for influential voices to exchange insights and explore solutions to pressing regional and global issues. Aside from his participation in the forum, Manalo is also scheduled to meet with Japanese Foreign Minister Iwaya Takeshi to continue discussions stemming from the recent bilateral meeting between President Ferdinand "Bongbong" Marcos Jr. and Japanese Prime Minister Ishiba Shigeru in Manila on April 29. — Sherylin Untalan/BM, GMA Integrated News