HANOI: The implementation of the Asean Power Grid (APG) has been identified as one of Asean’s key economic priorities in 2026 under the Philippines’ chairmanship, aiming to strengthen regional energy security and resilience against global uncertainties.
Speaking ahead of the 48th Asean Summit on Wednesday (May 6), Philippine Undersecretary of Trade Allan Gepty said the initiative is among the bloc’s “priority economic deliverables” that are timely, forward-looking and strategic for the region.
The memorandum of understanding on the Asean Power Grid is expected to promote cross-border electricity trade, enabling member states to share energy resources and stabilise power supply across the region.
The move is considered particularly important as South-East Asia faces mounting pressure from rising energy costs and potential supply disruptions caused by geopolitical tensions, especially conflicts in the Middle East.
Philippine officials stressed that stronger regional energy connectivity is essential to reducing risks and ensuring long-term stability.
Alongside the power grid initiative, Asean is also working to finalise the Asean-Canada Pre-Trade Agreement, which aims to expand trade networks and create more economic opportunities for member states.
Other priorities include promoting digital trade, attracting investment in green and high-growth sectors, and developing sustainable agriculture systems.
Gepty emphasised that amid growing global uncertainties, Asean's coordinated response is crucial to maintaining trade flows, supporting businesses and sustaining economic growth momentum.
This year’s summit, chaired by President Ferdinand Marcos Jr, is held under the theme “Navigating Our Future, Together”, focusing on strengthening economic resilience and advancing regional cooperation. Asean leaders are scheduled to officially convene on Friday. — Vietnam News/ANN
