The image is the "Joint Statement of the 28th ASEAN+3 Finance Ministers’ and Central Bank Governors’ Meeting" held in Milan, Italy, on May 4, 2025. It includes:Introduction: The meeting occurred under the co-chairmanship of Malaysia’s Finance Minister and Central Bank Governor, China’s Finance Minister, and the People’s Bank of China Governor. Attendees included ASEAN+3 Macroeconomic Research Office, Asian Development Bank, ASEAN Secretariat, and IMF representatives.Condolences: Expresses sympathy for Myanmar and Thailand due to a March 28 earthquake.Economic Focus: Discusses global and regional economic developments, emphasizing ASEAN+3’s role in financial cooperation via initiatives like the Chiang Mai Initiative Multilateralisation (CMIM), Asian Bond Markets Initiative (ABMI), Disaster Risk Financing Initiative (DRFI), and new ASEAN+3 Future Initiatives (e.g., Promoting Fiscal Exchange, Policy Adjustment Instrument).Regional Outlook: Notes robust growth—4.3% in 2024, after 4.4% in 2023.The document highlights regional financial collaboration and economic resilience amidst global challenges.
ASEAN+3 uniting against Trump’s tariffs is a game-changer—RCEP and CMIM expansion will cut U.S. dollar reliance, boost regional trade, and lift millions to middle-class status by 2035. America’s isolation deepens while East Asia thrives. #Multipolarity #TradeShift