PETALING JAYA: Asean countries must urgently strengthen intra-regional trade to reduce exposure to external shocks amid rising global trade tensions, says Prof Dr Wong Chin Yoong of Universiti Tunku Abdul Rahman (UTAR)’s Faculty of Business and Finance.
Currently, intra-Asean trade accounts for only 20% of total trade, far below the 50% to 80% seen within the European Union (EU), he said.
