Japan and the Association of Southeast Asian Nations (ASEAN) have initiated plans to expand their existing economic partnership agreement, focusing on supply-chain resilience, energy security, and artificial intelligence. This decision emerged from a meeting of economic ministers in Manila on September 20, reflecting a strategic move amid global economic uncertainties.
The proposed update to the partnership aims to address growing risks to global supply chains and the increasing integration of AI in economic processes. Both Japan and ASEAN are also exploring solutions to ensure stable energy supplies, particularly in light of disruptions affecting vital routes in the Middle East.
In a bid to bolster regional energy security, Japan reiterated its commitment to strengthening oil stockpiles within ASEAN countries. The discussions underscored the necessity of enhanced economic cooperation in the face of geopolitical tensions and fluctuations in global trade dynamics.
Originally enacted in 2008, the Japan-ASEAN economic partnership agreement has since expanded to encompass areas such as trade in services and investment. The economic ties between Japan and ASEAN remain robust, with recorded merchandise trade reaching $245.4 billion in 2025, alongside Japanese investments in ASEAN totaling $9.5 billion.