ASEAN Ministers Emphasize Coordinated Economic Response Amid Middle East Tensions

Cebu: Southeast Asian foreign and economic ministers have called for tighter regional coordination in response to the ongoing tensions in the Middle East, which are impacting trade, energy, and food supply across the Association of Southeast Asian Nations (ASEAN).

According to Philippines News Agency, the ministers gathered in Cebu for the ASEAN Joint Foreign and Economic Ministers' Meeting, where they highlighted the significant economic consequences of geopolitical conflicts on the region. Foreign Affairs Secretary Ma. Theresa Lazaro, who chaired the meeting, emphasized the importance of ASEAN maintaining a coordinated and forward-thinking approach amidst the persistent uncertainty in the Middle East.

Lazaro pointed out that the prolonged conflict has blurred the lines between political and economic impacts, affecting energy, food security, and the welfare of ASEAN nationals abroad. She mentioned that ASEAN leaders are expected to release a joint statement outlining the bloc's response to the crisis and potential regional contingencies.

Trade Secretary Cristina Roque, the meeting's co-chair, noted that the disruptions from the Middle East tensions are already influencing prices, supply chains, and business operations throughout Southeast Asia. Roque stressed the necessity for a coordinated regional response, particularly in safeguarding supply chains, ensuring food stability, and supporting businesses, with a focus on micro, small, and medium enterprises (MSMEs).

The meeting is part of the ongoing 48th ASEAN Summit and Related Meetings hosted by the Philippines. Regional leaders are set to address the energy crisis during the ASEAN Leaders' Summit on Friday, which will be chaired by President Ferdinand R. Marcos Jr.