Calibrated Re-engagement: ASEAN's Benchmark Problem and the Road to 2028

Thailand has given its Myanmar policy a name, calibrated re-engagement, and a set of benchmarks to go with it. Its own foreign minister has since confirmed that no commitment was secured. MCG examines the framework ASEAN is quietly building in place of the Five-Point Consensus, why the bloc remains divided over it, and what the road to Thailand's 2028 chairmanship means for business across the border.