AMM 50: ASEAN Plus Three to boost financial cooperation

Foreign ministers of 10 ASEAN countries and three partners – Japan, China and the Republic of Korea (RoK) – have agreed to enhance financial cooperation to strengthen economic stability in the region.
AMM 50: ASEAN Plus Three to boost financial cooperation ảnh 1The Philippines International Convention Centre is the venue for meetings of foreign ministers of ASEAN and partner countries. (Source: ASEAN)

Hanoi, (VNA) – Foreign ministers of 10 ASEANcountries and three partners – Japan, China and the Republic of Korea (RoK) –have agreed to enhance financial cooperation to strengthen economic stabilityin the region.

At the ASEAN Plus Three Foreign Ministers Meeting held inManila, the Philippines, on August 7, Japanese FM Taro Kono affirmed that Tokyois ready to work closely with ASEAN members, China and the RoK to enhance the capacityof forecasting economic crisis, both regional and international.

He added that Japan will make efforts to fight increasing tradeprotectionism.

The foreign ministers shared viewpoints on a free trade dealinvolving the 10 ASEAN members and the three partners along with Australia, NewZealand and India, as well as on infrastructure and marine security in theregion.

The situation on the Korean Peninsula was high on themeeting’s agenda, with the Japanese Minister calling for collaboration toincrease pressure on the Democratic People’s Republic of Korea to give up itsmissile and nuclear programmes, and to address the past kidnappings of Japanesecitizens.

The conference also discussed orientations for theircooperation in the time ahead, compared viewpoints on regional andinternational issues, and looked into preparations for the 20th ASEAN + 3 Summit in November.

A plan of actions for 2018-2022 is slated to be approved at theconference.-VNA

VNA

See more

The RoK's Finance Minister Choi Sang-mok speaks at a trilateral meeting with his Japanese and Chinese counterparts in Georgia. (Photo: Yonhap)

ASEAN+3 to create new financing facility against regional crises

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.

Thailand to apply VAT on imports sent via post

Thailand to apply VAT on imports sent via post

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.
Malaysia asserts pioneering role in halal industry

Malaysia asserts pioneering role in halal industry

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.
ASEAN Future Forum 2024 enters first session

ASEAN Future Forum 2024 enters first session

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).
ASEAN youth empowered to unleash potential: ASEAN chief

ASEAN youth empowered to unleash potential: ASEAN chief

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).
ASEAN bolsters intellectual property cooperation

ASEAN bolsters intellectual property cooperation

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.