The Sino-American Conflict and ASEAN: Surviving, Transforming, Succeeding
ASEAN is facing political and economic uncertainty as Sino-American tensions intensify. The conflict has affected supply chains and business sentiments, and there is increasing concern that the standoff is about more than trade and technology. Unless China and the United States can resolve their differences, the world may see a scenario where the two great powers are locked in strategic competition, with Asia caught in between. ASEAN is already being courted by China’s Belt and Road Initiative (BRI), while the US hopes to make ASEAN the geographic centre of its Indo-Pacific Strategy.
In this context, ASEAN, Japan, and other regional actors are pushing for the conclusion of the Regional Comprehensive Economic Partnership (RCEP) and other FTAs to undermine their commitment to free trade and multilateralism, instead of taking sides in the trade war. However, ASEAN faces numerous obstacles – non-tariff barriers and regulatory hurdles are still a problem in the region, along with acute infrastructure gaps. ASEAN is also looking towards digital transformation as a new engine of growth. But while Industry 4.0 offers great potential, technologies must be adapted to fit ASEAN markets, and the region needs to prepare itself for the impact of disruption.
To help businesses understand these issues, the Singapore Institute of International Affairs (SIIA) is organising the 12th ASEAN and Asia Forum (AAF) on the theme “The Sino-American Conflict and ASEAN: Surviving, Transforming, Succeeding”, focusing on what lies ahead for Sino-American relations, the implications for ASEAN and Asia, as well as efforts within the region to stay competitive and grow even amidst global uncertainty. The 12th AAF will feature perspectives from experts, business leaders, and government officials from around the region, with a keynote address from Mr Chan Chun Sing, Singapore’s Minister for Trade and Industry.