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ASEAN countries see "timely" exploration of deeper ties with China: experts

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ASEAN countries see "timely" exploration of deeper ties with China: experts

2025-04-17 15:21 Last Updated At:16:07

The 10-nation Association of South East Asian Nations (ASEAN) is looking to deepen neighborly ties with China and advance the Chinese-proposed concept of a community of shared future to improve global governance, said experts in Malaysia.

On a special China Global Television Network (CGTN) program "Power of Ideas: A China-ASEAN Dialogue," Koh King Kee, president of the Center for New Inclusive Asia, a non-government Malaysian think tank, underscored that ASEAN countries should continue to strengthen bilateral economic and people-to-people exchanges.

"I think the community of shared future is a concept promoted by China for global governance. It is interesting that of late Beijing has promoted this idea of a good neighborhood policy, more recently. ASEAN, of course, is a very close neighbor. ASEAN countries are very close neighbors of China, and we have a very long historical relation, and we are close in terms of economic and as well as people-to-people bond," Koh said.

Ong Tee Keat, president of the Belt and Road Initiative Caucus for Asia Pacific, emphasized that the current global dynamics have created an opportune moment for promoting the concept of a community with a shared future.

"So far, to my understanding, there are eight out of 10 ASEAN member states (that) have endorsed the partnership of a community with a shared future with China. At this juncture, perhaps it is good for us to explore the possibility of fostering such a partnership, which is very timely," Ong said.

China has been ASEAN's largest trading partner for 16 consecutive years, while ASEAN has been China's largest trading partner for the past five years.

ASEAN countries see "timely" exploration of deeper ties with China: experts

ASEAN countries see "timely" exploration of deeper ties with China: experts

Global food commodity prices climbed for a second consecutive month in March, driven mainly by higher energy costs linked to escalating conflict in the Middle East, the Food and Agriculture Organization of the United Nations (FAO) said in report released on Friday.

The FAO Food Price Index, which tracks monthly changes in the international prices of a basket of globally traded food commodities, averaged 128.5 points in March, up 2.4 percent from February and 1.0 percent above its level a year ago.

According to the report, the FAO Vegetable Oil Index and Sugar Price Index showed the largest increases, up 5.1 percent and 7.2 percent, respectively.

The FAO Cereal Price Index increased by 1.5 percent from the previous month, driven primarily by higher world wheat prices, which rose 4.3 percent.

The FAO Meat Price Index rose by 1.0 percent from the previous month, and the FAO All-Rice Price Index declined by 3.0 percent in March, according to the report.

FAO stated that rising energy and fertilizer prices have been driving up agricultural input costs.

If the conflict stretches beyond 40 days, farmers will have to choose to farm the same with fewer inputs, plant less, or switch to less intensive fertilizer crops, according to FAO Chief Economist Maximo Torero.

These choices will hit future yields and shape food supply and commodity prices for the rest of this year and beyond, Torero said.

Global food prices rise for 2nd consecutive month in March amid Middle East conflict: FAO

Global food prices rise for 2nd consecutive month in March amid Middle East conflict: FAO

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