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EAEU-ASEAN Business Dialogue held within SPIEF-2021 framework

The Eurasian Economic Union (EAEU) – ASEAN Business Dialogue took place within the framework of the St. Petersburg International Economic Forum 2021 (SPIEF) on June 3 via both online and in-person formats under the chair of Chairman of the Russia-ASEAN Business Council Ivan Polyakov.
EAEU-ASEAN Business Dialogue held within SPIEF-2021 framework ảnh 1Illustrative image (Photo: VNA)
Moscow (VNA) – The Eurasian Economic Union (EAEU) – ASEAN BusinessDialogue took place within the framework of the St. Petersburg InternationalEconomic Forum 2021 (SPIEF) on June 3 via both online and in-person formats underthe chair of Chairman of the Russia-ASEAN Business Council Ivan Polyakov.

Assessing potential for cooperation between the two blocs, SergeyGlazyev, Member of the Board – Minister in charge of Integration andMacroeconomics of the Eurasian Economic Commission, said that ASEAN is a regionwith high economic growth and rapid development of science and technology,which brings about many new development opportunities.

He, therefore, proposed establishing a preferential trade areabetween the EAEU and ASEAN.

ASEAN Secretary-General Dato Lim Jock Hoi mentioned sometrade figures between the two blocs such as two-way trade hitting 19.8 billionUSD and EAEU investment in ASEAN reaching 68.5 million USD in 2019.

He suggested the two blocs intensify collaboration in digitalisation,sustainable development and green growth.

For his part, Russian Deputy Minister of Industry and Trade AlexeyGruzdev stressed the need for the two sides to diversify trade for sustainabledevelopment. He also proposed cooperating in automobile and aircraftmanufacturing in a comprehensive manner combined with on-site assembly, and inhealth.

Indonesian Trade Minister Muhammad Lutfi affirmed that ASEANis a market with great potential with 350 million people and a GDP of 3.3trillion USD.

ASEAN wants to work with Russia in achieving breakthroughsin business and trade, he added.

SPIEF-2021 is taking place from June 2-5./.
VNA
#Eurasian Economic Union#EAEU#ASEAN#Business Dialogue#St. Petersburg International Economic Forum 2021#Vietnam#Vietnamplus#Vietnam News Agency
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