5min chapter

Sinica Podcast cover image

As the U.S. and China part ways, the Global South finds its own path, with Kishore Mahbubani

Sinica Podcast

CHAPTER

The Importance of Trade in ASEAN

U.S. investment in ASEAN exceeds the amount of FDI in China India and Japan Japan together or something like that right so yeah there's a lot of investment but you know if you look at the trade dimension of it China is not only in our SAP but also you know it has a retraded agreement in FDA that goes back 21 years now. By 2022 last year US trade must have grown to about 380 billion okay maybe about three times from 135 to about380 billion but China's trade with ASEAN had grown from 40 billion dollars to 975 billion dollars almost trillion dollars I suspect is now the world's largest trading relationship between any two economic entities.

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