AGP Executive Report
Last update: 8 hours agoASEAN Summit: Leaders opened the Manila summit Sunday amid trade tensions and global supply risks. Malaysia’s Anwar urged the bloc to diversify food and medicine supplies and expand regional production. ASEAN and China, meanwhile, failed to finalize a South China Sea code of conduct. Digital Economy: ASEAN signed a regional digital economy pact, which Indonesia’s Prabowo says could help unlock a $2 trillion digital market by 2030. Leaders also backed using AI to help small businesses grow. Trade Deals: ASEAN and Canada have substantially concluded free-trade negotiations, with a signing targeted for 2027; Canada and the Philippines are also aiming to sign a separate pact next year. EU-Russia: European forces boarded a suspected Russian shadow-fleet tanker in the Mediterranean. EU ministers are set to approve new sanctions targeting companies and banks supporting the network, which helps Moscow export oil. Africa’s Resilience: African countries were urged to boost agricultural and disaster-risk financing to protect farmers and rural economies from climate shocks.
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