Finance leaders of the ASEAN group of 10 Southeast Asian, along with China, Japan, and South Korea bow to focus on risks stemming from excessive volatility in financial markets, stating they will stand ready to act if needed.
The ASEAN group, which comprises Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand and Vietnam, said in a statement that they are determined to maintain open and well-functioning trade and investment flows as well as resilient supply chains.
Further, the group of finance heads reaffirms their support for a rules-based, non-discriminatory, free, fair, open, inclusive, equitable, and transparent multilateral trading system, with the World Trade Organization at its core.
The leaders also asserts their continued commitment to sustained policy dialogue to safeguard macroeconomic and financial stability.
