Asean has finalized upgrades to the Asean-China Free Trade Area (ACFTA) 3.0 and the Asean Trade in Goods Agreement (Atiga). The agreements are scheduled for signing at the 47th Asean Summit in October.
These upgrades aim to enhance regional economic integration. They are expected to generate economic benefits for Asean.
Negotiations on the Enhanced Memorandum of Agreement (MoA) on the Asean Power Grid (APG) initiative were also concluded. This agreement is set to be signed in October.
The APG initiative seeks to strengthen regional energy security and connectivity. It also aims to promote sustainability within Asean.
The Asean Economic Community Blueprint 2025 has an implementation rate of 97%. The Asean Economic Community (AEC) Strategic Plan 2026-2030 will be launched soon.