ASEAN, Japan inks economic cooperation deals

The Association of Southeast Asian Nations (ASEAN) and Japan have agreed on several economic cooperation measures as they are celebrating the 50th anniversary of dialogue relations this year.
Jakarta (VNA) - The Association of Southeast Asian Nations (ASEAN) and Japan haveagreed on several economic cooperation measures as they are celebrating the 50th anniversary of dialogue relations this year.

At a forum held in Tokyo on June 5, the Japan External Trade Organisation (JETRO) andother bodies signed a memorandum of understanding to support the launch of newstartup projects.

Anotherpact calls for a Japanese Government-affiliated trade insurance organisationsand MUFG Bank to provide investment and loans for decarbonisation efforts byASEAN members.

JapaneseMinister of Economy, Trade and Industry Nishimura Yasutoshi said ASEAN isshowing remarkable growth while Japan possesses advanced technology. Using thestrengths of both to jointly create a future based on trust is the direction theyshould aim for.

The10-member ASEAN accounts for more than 8% of global trade and population. TheJapanese Government is planning to invite leaders of the regional bloc to aspecial summit this December to further cement relations./.
VNA

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