What is the economic-security nexus Asean ministers aim to tackle?

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The Economic-Security Nexus Asean Ministers Aim to Tackle

Asean ministers are seeking to address the growing interconnectedness between economic and security concerns, a phenomenon termed the "economic-security nexus." This arises from the recognition that the current global landscape presents unprecedented challenges, necessitating greater alignment between the region's political and economic strategies. The proposed institutionalisation of the Asean Joint Foreign and Economic Ministers’ (AMM-AEM) Meeting as an annual engagement aims to foster this synergy.
Addressing Geopolitical and Geoeconomic Challenges

The ministers acknowledged that the prevailing geopolitical and geoeconomic climate poses significant and novel challenges to the Asean region. These complexities are driving a need for a more integrated approach to foreign and economic policy. This is underscored by the increasing global trend where economic policies are often intertwined with national security considerations, and vice versa.
Enhancing Synergy Between Political and Economic Pillars

To effectively navigate the increasingly fragmented global landscape, Asean ministers have called for enhanced coordination and synergy between the region's political and economic frameworks. This joint approach is intended to strengthen Asean's capacity to respond to evolving global dynamics. The ministers' statement highlighted the importance of maintaining Asean Centrality and Unity in preserving a peaceful and stable regional architecture amidst shifting global power balances and overlapping crises.
Upholding Open Regionalism and Multilateralism

In pursuit of building strategic trust and deepening partnerships, Asean ministers reaffirmed their commitment to open regionalism. This approach, alongside a commitment to upholding international law, aims to foster cooperation with external partners on a mutually beneficial basis. Furthermore, the ministers reiterated Asean's dedication to the multilateral trading system, with the World Trade Organisation (WTO) at its core, emphasizing the importance of a predictable, transparent, and rules-based global trade environment. Asean Senior Officials are tasked with discussing recommendations from the Asean Geoeconomic Task Force (AGTF) to chart a way forward, ensuring these align with the Asean Economic Community (AEC) Strategic Plan 2026–2030 and the Asean Community Vision 2045.

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What is the economic-security nexus Asean ministers aim to tackle?

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