Navigating supply chains in a fractured world
“Regional trading blocs like ASEAN have registered strong GDP growth (1.5 percentage points higher than the global average of 3.2 per cent in 2024) as they feel the ripple effects of these shifts. Treaties like the Regional Comprehensive Economic Partnership are tapping into integrated supply chains and could accelerate reshoring to Southeast Asia, as tariffs and non-tariff barriers are set to decrease leading up to 2045. Powered especially by investments in the electric vehicles and electronics manufacturing industries, regional economies like Vietnam could win big.”
“The US-led Minerals Security Partnership Finance Network, established with allies including India and Japan, is one such example. It aims to reduce reliance on nations like China for critical resources — particularly rare earth minerals essential for the clean energy transition — while excluding China from strategic supply chains.”
Read the full report from the East Asia Forum.