Sustainable development tabled for ASEAN discussion

The sustainable development issue was put on the table at a recent meeting of the 43rd High-Level Task Force on ASEAN Economic Integration (HLTF-EI) in Indonesia to prepare the region against various global challenges, starting from the impact of pandemics and climate change to geopolitical tensions.
Sustainable development tabled for ASEAN discussion ảnh 1The 43rd High-Level Task Force on ASEAN Economic Integration (HLTF-EI) meeting was held in Belitung district, Bangka Belitung Islands province, on Thursday and Friday (March 2 and 3, 2023). (Photo: .antaranews.com)

Jakarta (VNA) -  The sustainable development issue was put on thetable at a recent meeting of the 43rd High-Level Task Force on ASEANEconomic Integration (HLTF-EI) inIndonesia to prepare the region against various global challenges, startingfrom the impact of pandemics and climate change to geopolitical tensions.

In a statement released onMarch 6, Indonesian Deputy Minister for the Coordination of International EconomicCooperation Edi Prio Pambudi said participants expressed their support for the development of theelectric vehicle ecosystem from upstream to downstream and the improvement ofinvestment in the electric vehicle sector.

They also supported theestablishment of an electric vehicle spare part supply chain, as well as thedevelopment of a battery waste processing facility, he added.

HLTF-EI agreed on a ConceptNote on the Development of the ASEAN Blue Economy Framework which is expectedto become a guideline for the region to protect and generate added value fromits marine potential.

Besides, it also supported Indonesia'sinitiative to improve sustainable energy security through regionalinterconnectivity.

Several energy cooperationprojects were also discussed on the occasion, such as the Brunei, Indonesia,Malaysia, Philippines Power Integration Project (BIMP-PIP) as well as hydroenergy cooperation between Laos and Singapore.

In addition, the meetingalso discussed the ASEAN Guidelines on Good Regulatory Practices as well as thelatest developments in the improvement of the ASEAN Comprehensive RecoveryFramework (ACRF).

The official emphasisedthat sustainable development, including the energy transition and thedevelopment of electric vehicles and blue economy, should be encouraged duringIndonesia’s ASEAN chairmanship in 2023.

ASEAN is a promising regionand has sufficient resources to develop the electric vehicle and blue economyecosystems as the region’s new growth drivers, he added./.

VNA

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