Tengku Zafrul said the forum has given countries like Malaysia, Indonesia and Thailand the opportunity to share the perspective of emerging nations on many issues theSun theSundaily ASEAN WEF23 economy growth confidence Discussion
: Asean displayed sheer confidence and grit at the just-concluded World Economic Forum 2023, conveying a positive outlook for the region while acknowledging that issues within the 10-member bloc can be dealt with amicably.According to the regional grouping’s statistics, Asean recorded a total gross domestic product of US$3.3 trillion in 2021 , making it the fifth largest economy in the world and the third largest in Asia.
Foreign direct investment inflows into Asean reached its highest ever level in 2019 at US$182 billion, making Asean the largest recipient of FDI in the developing world, according to Asean Investment Report 2020-2021. Investment from the United States was the highest, rising by 41 per cent to US$40 billion, while FDI from China soared by 96 per cent to almost US$14 billion.
When session moderator, the Financial Times associate editor and chief foreign affairs commentator Gideon Rachman, said, ”But you have a war next door”, Thailand’s Deputy Prime Minister and Minister of Public Health Anutin Charnvirakul corrected his remark in a heartbeat, saying that it is an internal issue.“We don’t have any differences in politics or intervene with each other,” Anutin pointed out.
Large nations should also consider the needs of the smaller countries to ensure a fairer transition, the minister said.
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