T-1 firms key for Asean trade

ASEAN’S intra-regional trade has remained stagnant at 20% to 25% of total regional trade over the past two decades.

In 2024, trade among the grouping’s then 10 members accounted for just 21.2% of the total trade volume of US$3.8 trillion, significantly lagging behind the European Union’s 61.7% during the same period.