Asean to be world’s new economic heavyweight

Growth spot: A labourer pulls a cart at a traditional market in Surabaya, Indonesia. Asean’s values, vitality and reputation have helped the regional bloc maintain strategic self-reliance and transform into a growth epicentre. — AFP

LABUAN BAJO: Asean is demonstrating its confidence in becoming a new global economic powerhouse, which was reflected at a summit held here from May 10-11.

This year’s 42nd Asean Summit was held under Indonesia’s Asean chairmanship.