UNION Minister for Investment and Foreign Economic Relations U Aung Naing Oo joined the 26th AEM-CER Consultations, the 27th AEM-Japan Consultations, the 1st AEM-United Kingdom Consultations and the 9th EAS Economic Ministers’ Meeting which were held via videoconferencing starting at 9:00 am from the Ministry of Investment and Foreign Economic Relations, Nay Pyi Taw yesterday.
The Meetings were attended by the Economic Ministers from ASEAN Member States, Australia, China, India, Japan, New Zealand, Russia, Korea, United Kingdom, and United States, ASEAN Secretary-General and senior officials. The Meetings were cochaired by Dato Dr Amin Liew Abdullah, Minister at the Prime Minister’s Office and Minister of Finance and Economy II of Brunei Darussalam and Economic Ministers from the respective dialogue partners.
The 26th AEM-CER Consultations was held in the morning. Dan Tehan MP, Minister for Trade, Tourism and Investment of Australia and Phil Twyford, Minister of State for Trade and Export Growth of New Zealand and ASEAN Economic Ministers exchanged views on the matters of implementation of the agreement establishing the ASEAN-Australia-New Zealand Free Trade Area and upgrade negotiation for this agreement. Moreover, the Ministers discussed the matters of Chile’s interest in joining the AANZFTA Agreement.
At the Meeting, the Union Minister expressed that the public-private collaboration should be enhanced for promoting the utilization of the AANZFTA Agreement in the region. In addition, he encouraged us to make efforts in the finalization of upgrading the negotiations of the AANZFTA Agreement by September 2022. He also welcomed Chile’s interest to join the AANZFTA Agreement and extended appreciation for the support of Australia and New Zealand in the economic cooperation support programme.
The 27th AEM-Japan Consultations was also held in the afternoon. At the Meeting, KAJIYAMA Hiroshi, Minister of Economy, Trade and Industry of Japan and ASEAN Economic Ministers exchanged views on the implementation of the ASEAN-Japan Comprehensive Economic Partnership, economic activities in 2021 and Japan’s proposal on “ASEAN-Japan Priority for Innovative and Sustainable Growth”.
In his intervention, Union Minister welcomed the progress of the ASEAN-Japan 10- Year Strategic Economic Partnership Cooperation Roadmap (2016-2025) and ASEAN-Japan economic cooperation including the Japan-ASEAN Economic Resilience Action plan. He also welcomed Japan’s proposal on “ASEAN-Japan Priority for Innovative and Sustainable Growth” and highlighted the key areas under the proposal in the context of post-COVID-19 growth.
At the 1st ASEAN - UK Economic Ministers’ Consultation, Rt Hon Elizabeth Truss MP, Secretary of State for International Trade, United Kingdom of Great Britain and Northern Ireland and ASEAN Economic Ministers exchanged views on the progress of the ASEAN-UK Economic Cooperation (2020-2021) and endorsed the ASEAN-UK Joint Declaration on Future Economic Cooperation.
In the meeting, the Union Minister welcomed the establishment of the ASEAN-UK Dialogue Partnership and expressed thanks to the United Kingdom for its contribution to mitigating the economic impact of Covid-19 and towards the resilience, sustainable and inclusive economic growth in the region. He also underlined the potential contribution of cooperation areas under the ASEAN-UK Joint Declaration on Future Economic Cooperation for balancing regional development.
At the 9th EAS Economic Ministers’ Meeting, the Economic Ministers from the ASEAN Member States, Australia, China, India, Japan, New Zealand, the Republic of Korea, the Russian Federation and the United States exchanged the views on the impacts of Covid-19 to the regional and global economy and the measures taken by EAS participating Countries to mitigate the impacts of the Covid-19 pandemic, and also discussed on the paper “Supply Chain Resilience and Post Pandemic Recovery in EAS Region” submitted by Economic Research Institute for ASEAN and East Asia (ERIA).
At the Meeting, the Union Minister shared the view on the importance of the cooperation activities in trade and digital economy and sustainable development under the work programme of the post-COVID-19 economic recovery in East Asia.
The Ministers adopted the Joint Media Statements of the respective meetings.
Deputy Minister and Senior Officials from the Ministry of Investment and Foreign Economic Relations also joined the Meetings.—MNA