MANILA, Philippines — The Philippines has assumed the Chairship of the Association of Southeast Asian Nations–Business Advisory Council (Asean-BAC) for 2026, with President Ferdinand Marcos Jr. outlining key priorities for the term. The President announced Thursday that the country will focus on enhancing trade and investment, strengthening regional supply chains, and fostering business opportunities throughout Southeast Asia.
Philippine Priorities for Asean-BAC
According to President Marcos Jr., the Philippine Chairship will prioritize “building economic corridors” designed to expand trade and investment. Strengthening regional supply chains and creating opportunities for businesses and communities across the Association of Southeast Asian Nations (Asean) are also central to the country’s plans.
The President affirmed the Philippines’ commitment to supporting Asean-BAC’s existing plans and programs. He stated that the country will work to facilitate dialogue and partnership by bringing together policymakers, business leaders, investors, and innovators.
Regional Cooperation
President Marcos Jr. emphasized that these efforts are intended to deepen regional cooperation and strengthen confidence in Asean. He also highlighted the importance of supporting the work of the Asean-BAC itself.
A possible next step for the Philippines could be the development of specific initiatives and programs to realize these stated priorities. Analysts expect the country to begin outlining concrete plans in the coming months. Further development of economic corridors may also be pursued. It is likely to involve collaboration with other Asean member states.
Frequently Asked Questions
What is the Asean-BAC?
The Asean-BAC is the official representative body of the private sector in the Association of Southeast Asian Nations (Asean).
What is the Philippines prioritizing during its Chairship?
The Philippines will prioritize enhancing trade and investment, strengthening regional supply chains, and creating business opportunities across Southeast Asia.
What is the theme of the Philippines’ Asean 2026 Chairship?
The theme is “Navigating Our Future, Together.”
How might increased regional cooperation benefit businesses and communities in Southeast Asia?