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ASEAN Leaders Unite Against Protectionism at Finance Meeting

5/7/2025

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ASEAN Leaders Unite

At the 28th ASEAN Plus Three Finance Ministers' Meeting in Milan, leaders united against the tide of protectionism and global financial turmoil. They vowed to strengthen collaboration, revamp the Chiang Mai Initiative, and tackle external threats to trade and investment, reaffirming their dedication to multilateralism in the face of looming US tariff challenges.

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ASEAN Ministers Innovate

In Milan, ASEAN+3 finance ministers unveiled a groundbreaking Rapid Financing Facility designed to boost regional liquidity by incorporating non-dollar currencies, including the renminbi. This strategic move aims to fortify financial stability in the face of global uncertainties while reducing dependence on the US dollar, all while reaffirming their dedication to multilateralism and regional collaboration against rising protectionism.

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ASEAN Leaders Unite

At the 28th ASEAN Plus Three Finance Ministers' Meeting in Milan, leaders united against the tide of protectionism and global financial turmoil. They vowed to strengthen collaboration, revamp the Chiang Mai Initiative, and tackle external threats to trade and investment, reaffirming their dedication to multilateralism in the face of looming US tariff challenges.

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