MANILA, Philippines – The Philippines is seeking to finalize and secure the endorsement of key economic initiatives as ASEAN economic ministers prepare recommendations for regional leaders attending the 49th ASEAN Summit and Related Meetings in Manila.
Trade and Industry Secretary Ma. Cristina Roque said the 28th ASEAN Economic Community Council Meeting on Saturday, November 14, would review the progress of the country’s 2026 ASEAN chairship, address outstanding priorities, and determine the next steps toward deeper regional economic integration.
Among the major initiatives expected to be endorsed is the ASEAN Digital Economy Framework Agreement (DEFA), which aims to strengthen cooperation in digital trade, e-commerce, electronic payments, and cybersecurity across Southeast Asia.
The ministers are also expected to finalize economic recommendations for consideration by ASEAN leaders during their meeting on Sunday, November 15.
Roque emphasized that the ASEAN Economic Community Strategic Plan for 2026 to 2030 must deliver concrete benefits through clear targets, stronger coordination, and consistent implementation.
“The real measure of this plan is not the number of commitments we make, but the value they bring to every business, consumer, worker, and community,” Roque said.
She stressed that regional economic integration should translate into greater business opportunities, improved livelihoods, and stronger confidence in ASEAN’s economic future.
The council’s recommendations and reports will be presented to ASEAN leaders as they discuss the region’s economic priorities and future cooperation.
The summit will also bring together international partners, including US President Donald Trump, Canadian Prime Minister Mark Carney, Australian Prime Minister Anthony Albanese, Indian Prime Minister Narendra Modi, Japanese Prime Minister Sanae Takaichi, South Korean President Lee Jae-myung, and Brazilian President Luiz Inácio Lula da Silva.
The Philippines’ push to complete its economic deliverables comes as ASEAN seeks to strengthen regional competitiveness, expand digital connectivity, and sustain economic growth amid evolving global economic challenges.
