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@bfmradio 📍🟡 Key highlights from the 47th ASEAN Summit include:\n\n📌 Timor-Leste officially became ASEAN's 11th member following the signing of the Declaration of Accession, marking the bloc's first expansion since Cambodia joined in 1999.\n\n📌 Cambodian Prime Minister Hun Manet and Thai Prime Minister Anutin Charnvirakul signed an expanded ceasefire agreement, dubbed the Kuala Lumpur Peace Accord, marking an important step towards the peaceful resolution of the border dispute. The agreement includes the cessation of all hostilities and the release of 18 Cambodian soldiers.\n\n📌 ASEAN member states signed an upgraded ASEAN Trade in Goods Agreement (ATIGA) that will strengthen regional trade, the role of MSMEs, promote more environmentally-conscious trade practices, and more.\n\n📌 Malaysia is set to hand over the ASEAN Chairmanship to the Philippines when the summit concludes on Tuesday (28 Oct).\n\n📌 In other news, Prime Minister Anwar Ibrahim and US President Donald Trump have signed a new reciprocal trade agreement that grants Malaysia better access to the US market without altering previous commitments between the two nations. \n\n📌 Under the pact, 1,711 tariff lines covering key commodities such as palm oil, cocoa, rubber, and pharmaceuticals are exempted from the 19% tariff on Malaysian goods entering the US. Meanwhile, Malaysia has agreed not to ban or impose quotas on exports of critical minerals or rare earth elements to the US. \n\n🎙 Listen to BFM's coverage of the ASEAN Summit on the BFM website, BFM app, Spotify and Apple Podcast.
