27th ASEAN Economic Ministers’ Retreat adopts 10 initiatives, priorities

Deputy Minister of Industry and Trade Tran Quoc Khanh attended the 27th ASEAN Economic Ministers’ Retreat held via videoconference on March 2 and 3, during which he and other delegates approved 10 initiatives and priorities for economic cooperation in 2021.
27th ASEAN Economic Ministers’ Retreat adopts 10 initiatives, priorities ảnh 1Deputy Minister of Industry and Trade Tran Quoc Khanh attends the 27th ASEAN Economic Ministers’ Retreat (Photo: VNA)
Hanoi (VNA) - Deputy Minister of Industry and Trade Tran Quoc Khanhattended the 27th ASEAN Economic Ministers’ Retreat held viavideoconference on March 2 and 3, during which he and other delegates approved10 initiatives and priorities for economic cooperation in 2021.

The initiatives and priorities have been built withthree main orientations - recovery, digitalisation, and sustainability - with afocus on such important fields as trade facilitation, tourism, energy,information technology, minerals, and sustainable development.

Of note, several initiatives inherit cooperationcontents from 2020 when Vietnam assumed the role of ASEAN Chair.
In the context of the COVID-19 pandemic continuingto have a serious impact, delegates discussed ASEAN’s efforts to recover economiesso as to not only fight the pandemic but also boost economic development,particularly the expansion of the ASEAN List of Essential Goods.

In particular, the retreat also reached consensuson 2021 agenda priorities in economy with 68 different contents, such astrade in goods, trade in services, investment, intellectual property,e-commerce, and consumer protection, among others.

At the event, Khanh expressed his support for Brunei’sinitiatives during its ASEAN Chairmanship Year 2021, and affirmed that Vietnamwill continue cooperating closely with other ASEAN countries to realise the commontargets of the ASEAN Economic Community.
27th ASEAN Economic Ministers’ Retreat adopts 10 initiatives, priorities ảnh 2The 27th ASEAN Economic Ministers’ Retreat was held via videoconference on March 2 and 3 (Photo: VNA)
Vietnam also shared its experience and effortsto control the pandemic and ensure economic development while implementing itscommitments within ASEAN and the ASEAN Plus frameworks.

Together with discussions on intra-bloc economiccooperation, the participants also exchanged views on extra-bloc economic cooperation,such as reviewing the implementation of the ASEAN-India Trade in GoodsAgreement (AITIGA) and collaboration between ASEAN and the EU.

They said their countries are exerting every effortto soon ratify the Regional Comprehensive Economic Partnership (RCEP) agreementto facilitate post-pandemic recovery.

Within the framework of the retreat, the participants held a consultation with the ASEAN Business Advisory Council to makerecommendations on health care and addressing non-tariff measures, andintensifying public-private partnerships (PPPs) in ASEAN and between the grouping andits partners./.
VNA

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