ASEAN, RoK renew commitment to forge closer cooperation
The second meeting of the ASEAN-Republic of Korea (RoK) Joint Cooperation Committee (JCC) was held in Jakarta on March 24, according to the ASEAN Secretariat.
The second meeting of the ASEAN-Republic of Korea (RoK) JointCooperation Committee (JCC) was held in Jakarta on March 24, accordingto the ASEAN Secretariat.
The meeting reviewed ASEAN-RoKcooperation over the past year and discussed its future direction,particularly on the progress of implementation of the ASEAN-RoK Plan ofAction 2011-2015.
The meeting acknowledged the progress ofimplementation of the POA and highlighted the need for both sides tore-double efforts to implement the remaining measures.
They alsoagreed to work closely in finalising the ASEAN-RoK action plan for2016-2020 to reflect new commitments that will further strengthencooperation between the two sides as well as contribute to the ASEANCommunity-building process.
Both sides discussed ways to enhancethe efficiency and effectiveness of ASEAN-RoK development cooperation,including by exploring new possible approaches to expedite the projectappraisal and approval process and to enhance the utilisation of theASEAN-RoK Cooperation Funds.-VNA
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.
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