ASEAN’s commodity producers stand at a pivotal moment. Global trade flows are shifting, affected by Sino-American tensions. Nationalist and protectionist policies are changing how certain commodities are being traded. ASEAN economies are adjusting to these shifts and are increasingly looking to explore new markets beyond the United States, European Union, and even India and China, trading more within ASEAN and strengthening South-South trade. Producers in ASEAN are also aiming to move up the value chain, turning from primary exports of raw materials to high-value products such as sustainable fuels, while exploring avenues to turn waste to energy and contribute to climate resilience. Policymakers and businesses will need to consider what the future of commodities production and trade will look like, and how these evolving dynamics will affect sustainability in the region.
While commodities exports are important for ASEAN economies, food production is also crucial, especially as countries are increasingly paying attention to food resilience and social concerns. For ASEAN, sustainability is about more than conserving ecosystems. Sustainability is also about delivering affordable prices and securing livelihoods, while ensuring that agricultural systems are resilient in the face of climate change.
As a hub for business, innovation, and finance, Singapore has an important role in working together with its neighbours in ASEAN and the region’s private sector in navigating this dual future — staying competitive in global markets while advancing sustainable and resilient outcomes at home. The 13th Singapore Dialogue on Sustainable World Resources (SWR) will bring together policymakers, business leaders, and experts to discuss the challenges facing the region’s agricultural commodities and food industries, while exploring opportunities for sustainable business and investment.
