Asean summit: world’s No 1 trade bloc holds ‘pivotal’ meeting in face of tariffs

South China Morning PostCenterEN 1 min read 100% complete by Joseph Sipalan,Aidan JonesOctober 27, 2025 at 11:43 AM
Asean summit: world’s No 1 trade bloc holds ‘pivotal’ meeting in face of tariffs

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Leaders of the Regional Comprehensive Economic Partnership (RCEP), the world's largest trade bloc covering 30% of the global economy, convened for a "pivotal" meeting in Kuala Lumpur on Monday amid concerns over US tariffs threatening Asia-Pacific growth. The RCEP, signed in 2020 as an alternative to US protectionism and comprising ASEAN members along with China, Japan, South Korea, Australia, and New Zealand, aims to streamline trade and investments among its members but has faced challenges due to domestic protections. Malaysia's Prime Minister Anwar Ibrahim emphasized the strategic importance of RCEP at this critical juncture for the global economy.

Keywords

rcep 100% trade bloc 90% asean summit 80% global economy 70% us tariffs 60% trade agreement 50% regional economy 40%

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South China Morning Post
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Center (0.10)
Far LeftCenterFar Right
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United States

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