Trump, Asia and ASEAN Summit
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Today, the Prime Minister, Mark Carney, met with the President of the Philippines, Ferdinand Marcos Jr., on the margins of the Association of Southeast Asian Nations (ASEAN) Summit in Kuala Lumpur, Malaysia.
Topping the agenda at every stop is trade, with negotiators still ironing out the details of pacts expected to be signed on Trump's tour of Asia.
The prime minister will attend two meetings and visit three countries as part of his plan to wean Canada off its dependence on the U.S.
Southeast Asian countries are promoting the use of local currencies in trade to reduce their reliance on the US dollar and mitigate risks from American sanctions. However, online claims that the Association of Southeast Asian Nations (ASEAN) had announced it will stop settling their trade in the dollar are false;
In Malaysia, US President Donald Trump hopes to sign a trade agreement with Malaysia and witness a peace agreement between Thailand and Cambodia, the New York Times reported.
China's top trade negotiator Li Chenggang and Chinese Vice Premier He Lifeng arrived on Sunday at a venue in Kuala Lumpur for a second day of trade talks between the United States and China.
East Timor's Prime Minister Xanana Gusmao speaks during the Association of Southeast Asian Nations Summit in Kuala Lumpur on October 26, when his nation formally became the bloc's 11th member
Temasek Holdings Pte Chief Executive Officer Dilhan Pillay called for Southeast Asian nations to adopt better enforcement of investor rights to attract global investments into the region.