Flags of ASEAN member countries (Source: asean.org)Hanoi,(VNA) – ASEAN and its three dialogue partners (China, Japan andthe Republic of Korea) on September 10 reiterated the further enhancement ofeconomic cooperation to build a stronger ASEAN Plus Three (APT) community.
Philippine Trade Undersecretary Ceferino Rodolfo said the ASEAN+3 ministersreaffirmed the renewed collaboration with the development of the revised APTEconomic Work Plan, which set broader goals of building a stronger APTcommunity in the long run.
Meanwhile, PhilippineTrade Secretary Ramon Lopez said the ASEAN ministers applauded efforts made bythe East Asia Business Council (EABC) to assist small and medium enterprises inthe region in grasping opportunities from e-commerce, seeking new businessmethods and enhancing connectivity.
They hoped the ASEAN+3 cooperation would foster e-commerce development, hesaid.
The ASEAN ministers noted the strong performance of trade and investmentrelations in 2016 between the bloc and the three East Asian countries.
Total trade between ASEAN and the three countries reached 694.2billion USD last year, representing 31 percent of ASEAN’s total trade.
Foreign direct investment flows from China, Japan and the RoKinto ASEAN hit 29.1 billion USD in 2016, accounting for 30.1 percent of thetotal FDI inflows.
ThePhilipplines, as the rotating ASEAN Chair this year, hosted the 49th ASEAN Economic Ministers’ Meeting and related meetings in Manila from September7-10 to further strengthen the economic and trade integration, and investment inthe Southeast Asian region.-VNA
Philippine Trade Undersecretary Ceferino Rodolfo said the ASEAN+3 ministersreaffirmed the renewed collaboration with the development of the revised APTEconomic Work Plan, which set broader goals of building a stronger APTcommunity in the long run.
Meanwhile, PhilippineTrade Secretary Ramon Lopez said the ASEAN ministers applauded efforts made bythe East Asia Business Council (EABC) to assist small and medium enterprises inthe region in grasping opportunities from e-commerce, seeking new businessmethods and enhancing connectivity.
They hoped the ASEAN+3 cooperation would foster e-commerce development, hesaid.
The ASEAN ministers noted the strong performance of trade and investmentrelations in 2016 between the bloc and the three East Asian countries.
Total trade between ASEAN and the three countries reached 694.2billion USD last year, representing 31 percent of ASEAN’s total trade.
Foreign direct investment flows from China, Japan and the RoKinto ASEAN hit 29.1 billion USD in 2016, accounting for 30.1 percent of thetotal FDI inflows.
ThePhilipplines, as the rotating ASEAN Chair this year, hosted the 49th ASEAN Economic Ministers’ Meeting and related meetings in Manila from September7-10 to further strengthen the economic and trade integration, and investment inthe Southeast Asian region.-VNA
VNA
