He made the statement during the plenary session of the ASEAN Foreign Ministers’ Meeting (AMM) in Kuala Lumpur, Malaysia, on Wednesday, as per a ministry statement received here the same day.
“ASEAN must lead by fostering a predictable, open investment climate, as a safe harbor amid global uncertainty and a magnet for sustainable foreign direct investment,” he said.
He then highlighted the latest report from the United Nations Conference on Trade and Development (UNCTAD), which has warned of a decline in global investment across key sectors.
Meanwhile, the flow of foreign direct investment into ASEAN has risen 10 percent, marking a record high. “It reflects growing investor confidence in ASEAN,” Sugiono said.
He expressed Indonesia’s support for the ASEAN geoeconomics task force’s efforts to craft strategic policy options for leaders’ consideration.
“Of course, Indonesia is encouraging all efforts to turn visions into concrete actions, which will reinforce ASEAN centrality and shape a stable regional architecture,” he said.
Therefore, the minister added that the ASEAN Community Vision 2045 must be given priority.
He added that ASEAN’s credibility will be defined by the consensus of members’ values and the coherence of their actions.
“Let us build an ASEAN that is not only resilient and cohesive, but also visionary, inclusive, and future-ready,” he said.
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Translator: Asri Mayang Sari
Editor: Azis Kurmala
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