The Republic of Korea (RoK), China, Japan and ten ASEAN nations (ASEAN+3) have strengthened their emergency liquidity programme to better cope with possible financial crises, Seoul's finance ministry said on June 23.
Member states of the Association of Southeast Asian Nations (ASEAN) should prioritise progress on regional initiatives to cope with major economic headwinds in the context of increasing US-China trade tensions, according to eastasiaforum.org.
Finance leaders of the Association of Southeast Asian Nations (ASEAN) and Japan, China and the Republic of Korea agreed to enhance regional finance cooperation and support multilateral trade.