ASEAN's Response to Global Economic Disorder
ASEAN's commitment to multilateral solutions and an open rules-based order demonstrates how the world should respond to the threat of global economic disorder.
Malaysia and ASEAN's leadership in addressing rising protectionism and its threat to regional and global prosperity and security has been notable, as seen in the convening of a Leaders' Meeting for the Regional Comprehensive Economic Partnership (RCEP) on 27 October 2025.
However, there are risks, such as the Agreement on Reciprocal Tariffs that US President Donald Trump has pressured Malaysia to sign, which could undermine cooperation and the most favoured nation treatment that is the foundation of ASEAN and the rules-based economic order.
Trump's 2 April 2025 'Liberation Day' tariffs disproportionately punish ASEAN members and cast a dark shadow on the global economy.
Very few countries could lead a coalition to resist joining the wave of protectionist retaliation, making ASEAN's stance crucial in this context.
Author's summary: ASEAN leads the response to global economic disorder with commitment to multilateral solutions.
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