AECC discusses ASEAN’s role in responding to geopolitical dynamics
The 22nd meeting of the ASEAN Economic Community Council (AECC) discussed the Association of Southeast Asian Nations (ASEAN)' role in responding to geopolitical and geoeconomic dynamics.
Indonesian Deputy for the coordination of international economic cooperation at the Coordinating Ministry for Economic Affairs, Edi Prio Pambudi, during the 22nd AECC meeting in Jakarta on May 6, 2023. (Photo: antaranews.com)
Jakarta (VNA) – The 22ndmeeting of the ASEAN Economic Community Council (AECC) discussed theAssociation of Southeast Asian Nations (ASEAN)' role in responding to geopoliticaland geoeconomic dynamics.
The meeting held in Jakarta on May 6–7 is part of the side events leading up to the 42nd ASEAN Summit. The ASEAN Summit will be held in Labuan Bajo, East Nusa Tenggara, on May 9–11.
Indonesian Coordinating Ministry for EconomicAffairs Edi Prio Pambudi has said theASEAN Outlook on the Indo-Pacific (AOIP) and ASEAN's role in responding togeopolitical and geoeconomic dynamics was put on the table at the meeting.
Pambudi, who was serving as the leader of senioreconomic officials at the meeting, emphasised the ASEAN's centrality as the regionis attracting a lot of attention, and ASEAN will surely respond to the currentglobal economic situation.
According to Pambudi, issues related to the developmentof the electric vehicle (EV) ecosystem in ASEAN were discussed in themeeting. Delegates also prepared a statement on EV ecosystemdevelopment.
Pambudi acknowledged that Indonesia has thepotential to build the EV ecosystem because it has the raw materials forbatteries, adding it must be supported byinfrastructure, such as electric vehicle charging stations (SPKLU)./.
Since joining the Association of Southeast Asian Nations (ASEAN) in 1995, Vietnam has made important, productive and positive contributions to the groupings, stated ASEAN Secretary-General Kao Kim Hourn.
Vietnam has made positive contributions to materialising economic priorities of ASEAN in 2023, Chairman of the ASEAN Business Advisory Council 2023 (ASEAN-BAC) Arsjad Rasjid said in a recent media interview ahead of the 42nd ASEAN Summit slated for May 9-11 in Labuan Bajo, Indonesia.
With the 2023 ASEAN theme of “ASEAN Matters: Epicentre of Growth”, the coming 42nd ASEAN Summit reflects member countries’ wish and efforts to turn the bloc into a growth epicentre that leads cooperation and connectivity processes in the region and contributes to the common goal of peace, stability, and prosperity.
The Republic of Korea (RoK), China and Japan agreed on May 3 to reinforce the regional financial safety net, along with members of the Association of Southeast Asian Nations (ASEAN), by launching a new financing facility programme meant to extend greater support in case of a financial crisis.
A technical issue combined with an extreme heatwave was blamed for a series of explosions at a military base that killed 20 soldiers and injured several others in Cambodia on April 27, the country’s Ministry of Defence said in a May 2 statement as reported by the Xinhua news agency.
The Customs Department of Thailand is scheduled to commence the collection of value-added tax (VAT) on imported goods sent via postal services, regardless of the goods value, starting in May.
A lecturer from Chulalongkorn University’s Faculty of Medicine has warned Thais to be more vigilant against COVID-19, saying infection rates appeare to be worsening with higher hospital admissions, deaths and severe cases.
Malaysia should harness the collective expertise and resources to drive sustainable growth and development of the halal industry, according to Minister of Investment, Trade and Industry Zafrul Abdul Aziz.
Laos has officially restored the 10% value-added tax (VAT) rate starting May 1, in a bid to support the country’s budget revenue and socio-economic development.
The ASEAN Future Forum 2024 (AFF 2024) entered its second plenary session in Hanoi on the afternoon of April 23, discussing ways to ensure comprehensive security for the people-centred ASEAN Community.
The first session of the ASEAN Future Forum 2024 (AFF 2024) in Hanoi on April 23 focused on fast and sustainable growth for the Association of Southeast Asian Nations (ASEAN).
The Canada-ASEAN Business Council (CABC) and the ASEAN Alliance on Carbon Markets (AACM) have signed a Memorandum of Understanding (MoU) to strengthen collaboration and accelerate the implementation of carbon crediting programmes across Southeast Asia.
ASEAN Secretary-General Kao Kim Hourn reaffirmed ASEAN leaders' commitment to empowering the youth to unleash their full potential when he had a dialogue with ASEAN youth in Hanoi on April 22 on the sidelines of the ASEAN Future Forum (AF 2024).
The Thai Government is being urged to increase the proportion of renewable power generation to more than the target of 50% set in the power development plan (PDP).
The Centre for Volcanology and Geological Hazard Mitigation (PVMBG) of Indonesia on April 21 lifted its tsunami advisory issued previously following the eruption of Mount Ruang in Sitaro district of North Sulawesi province.
Thailand expects to export about 1 million tonnes of durian, valued at an estimated 130 billion THB (3.53 billion USD) this year, with most of the shipments to China, according to Minister of Agriculture Thammanat Prompao.
The 72nd meeting of the ASEAN Working Group on Intellectual Property Cooperation (AWGIPC) and related meetings are being held by the Ministry of Science and Technology’s Intellectual Property Office (IPO) of Vietnam in the central city of Da Nang on April 22-26.
Enhancing regional food security and tackling the pressing challenges of climate change will be key agendas defining Malaysia’s ASEAN Chairmanship in 2025, Speaker of the Dewan Rakyat (lower house) Johari Abdul told the press on April 19.
Indonesian Deputy for the coordination of international economic cooperation at the Coordinating Ministry for Economic Affairs, Edi Prio Pambudi, during the 22nd AECC meeting in Jakarta on May 6, 2023. (Photo: antaranews.com)
