Malaysia Urges "Mindset Shift" to Boost ASEAN Trade and Regional Growth

Malaysia Advocates for Intra-ASEAN Trade to Boost Regional Growth Kuala Lumpur, Malaysia – Malaysia's Deputy Minister of Investment, Trade and Industry recently emphasized the critical need for a "mindset shift" in the country's production sector. Speaking at a recent forum, the minister stressed the importance of transitioning from a primary focus on US exports to increased intra-ASEAN trade and regional cooperation. This shift, he argued, is essential for achieving the goals outlined in ASEAN's 2045 blueprint, which aims to create a more prosperous and integrated Southeast Asian economic community. "The key breakthrough is a mindset shift," the minister stated, "We're thinking to develop with each other, we're talking about AI together." He further explained that this involves viewing ASEAN nations not solely as producers but also as significant consumers within a growing regional market. The minister's comments highlight a growing awareness within ASEAN of the potential for increased regional trade and economic integration. The 2045 blueprint provides a framework for this transformation, outlining goals for economic development, infrastructure improvement, and social progress. The successful implementation of this blueprint will require significant cooperation among ASEAN member states, as well as a willingness to adapt to changing global economic conditions. The minister's call for a "mindset shift" is a timely reminder of the importance of regional cooperation in achieving sustainable economic growth. By focusing on intra-ASEAN trade and development, Southeast Asian nations can create a more prosperous and resilient future for their citizens.